pension, page-28

thanks BB but you are not taking anyone to task

1. I was referring to tax leakage that results in a nation unable to pay its bills. thus the tax rates in other countries, like the USA, that has a bigger debt problem than us, proves my point & refutes yours

2. CGT concession do not encourage investment, which is why unemployment is growing. instead, they simply encourage the recipient to pocket the money

3. CGT small business concessions are received when the business ends & only received by successful businesses thus they do not change the reality that many businesses fail

4. about super, the tax leakage is when it benefits those that do not need it & those running businesses out of their super. it is generally only the wealthy that can put into super large sums of money

5. running a business using a family trust splits income if it is not PSI, such as a shop or a farm. psi only applies to certain businesses of professional individuals. further, a family trust can buy shares in a private company

6. the rich are moving their capital overseas, such as TLS, ANZ, WBC, NAB, etc, moving their call centres overseas

7. the rich do not create jobs when there is a lack of regulation. they simply optimise their capital, as is the case in the USA, where the rich moved their factories to Asia, causing very high unemployment there

BB. you theory is old & has been disproven by actual history

regards