That's a big difference that I see all through Asia as compared...

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moondoong

46,173 Posts.

21/11/19

11:58

Post #: 41552866
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Originally posted by pintohoo ↑

"Any party running on this set of policies would be voted out in a nano second."

that's the problem in Australia -- basically any radical changes will be voted down one way or another --

'radical' meaning large changes

I would have thought that it made sense to have a fairly high GST and dump income tax altogether -

ideally probably having something like a transaction tax more accurately.

along with that - having some sort of universal income for all and no lowering of that as people earn money

from what I see almost every way now the system encourages people to either not work or to minimise work -- eg. rates that gallop up, not creep up and people on social security that lose benefits as they earn money - it's all incentive to not work so hard

people respond far more to carrots than sticks.

if we had things like transaction taxes - then, the incentive to get more tax is to get people to spend - well, there's a way to get people to spend -- and, that is - to give them more money - the more money they have - the more they spend - and, if you capture your taxes there - then, the more they spend the more taxes you reap

which means you can give more money to people -and, then - again, a merry go round - the more they have, the more they spend

the whole idea is an economy - and, an economy does one thing - it goes round

no money - no go round. It's not a difficult concept

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That's a big difference that I see all through Asia as compared to here.
Go to any market, town or city and people are working in little shops, stalls etc and money is flowing and changing hands right through the place.
Like Australia used to be with small family run shops.
Now we have big chain stores and online shopping, yes it means we can buy things cheap but we're strangling our economy.
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