The majority of Australians (& increasing) across all income groups are increasingly concerned about the wealth gap between rich & poor & yet Australians are dead set a tax that would directly address that (death taxes).
Taxing income of rich people doesn't reduce their wealth it only reduces it's growth rate.
Death taxes would decrease rich people's wealth & enable lower taxes on the poor.
If you don't want to impact people with relatively modest assets start the tax at $2.5m or $5m or $20m?
Whatever is palatable.
If nothing is done the situation will only increase.
Personally I have nothing against the rich getting richer, good luck to them, however I am concerned about the most vulnerable in society.
- Forums
- Political Debate
- How would you improve the Australian tax system?
The majority of Australians (& increasing) across all income...
- There are more pages in this discussion • 330 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
ACW
ACTINOGEN MEDICAL LIMITED
Steven Gourlay, CEO
Steven Gourlay
CEO
Previous Video
Next Video
SPONSORED BY The Market Online