I was looking at Paul Murray just then and I see some real worries.
It looks like wage earners, businesses including Gina and Twiggy are facing massive tax hikes because of the RBA policy of inflation increase the wealth of the Sydney property elite.
Nick Reece on Paul Murray was talking about a super tax on the iron ore profits.
Paul Murray mentioned figures suggesting forecasters are anticipating an increase of 20 billion in company tax in the next few years to help the debt issues along with a increase in income tax of 219 billion to 260 or 280 billion partially supposedly from more workers includng migrants. So the property/credit elite want businesses and workers to pay for their unearned gains just like insurers want a handout for North Queensland in a ten billion bailout.
The trouble is all these tax receipts are going up despite iron ore projected to go back to 55 per tonne. Really??
Mark Latham talked more sense regarding holding off on migration and letting wage earners get a rise to make houses more affordable not to mention increasing living standards and reducing inequality.
So the government is gunning for workers and businesses on behalf of the rentiers and banksters not to mention the insurers that are looking for inflation and asset wealth creation.
Why does Labour not respond with a property tax?? Why does Labour say we support business and workers and screw the property elite and banksters?? Why not say instead of focusing on 20 billion more in company tax and 40 or 60 billion more in income tax we are going to hit the wealthy hardest with a strong property tax returning 200 billion per year from the richest who can afford it so workers and businesses get a better go and activity receives a massive stimulus from spending from this funding meaning even more jobs and benefits for workers and business that invest in market activity?? Why does Labour not say instead of a smoke and mirror effort we really will tackle inequality, opportunity and stimulus all in one hit to boost Australians prosperity all round!!
