Bill is going for a 49% tax rate with other hidden taxes on top. I don’t earn that magical threshold amount myself, it’s just wrong. It’s a sad day for any country that willingly allows any govt to tax it’s citizens like that. It’s a very bad, out dated notion of suppression. This will turn out to be all that it is, a scam. It is going to cause huge problems across the economy and workers will suffer as well. People won’t be spending as much moving forward because the idiots would have taken it and wasted it. There are numerous economic studies on govts spending money and people/ business spending money. Govts get cents in the dollar value return in comparison to us. It’s dead money in some ways. Labor taxing people like this is a very clear example of the sort of super dumb ideas socialism promotes. A deadly unworkable political ideology that has caused endless social and economic pain the world over. It promises so much, but delivers so little. Venezuela is the latest horror story caused by socialism. The average person over there has lost 17lb’s and that not from exercise. They are starving. Not a bad effort from a country with the worlds largest oil reserves. It took socialism to actually produce that result. A new generation of people have been polluted with this crap because they don’t know any better. That is why they infest schools and universities. Get em young and dumb. I reckon this is the most important election in my 55 years. This is a turning point towards a better life or a very bad outcome for us down the track. People that tend to want to run socialists countries are not good people. They tend to be control freaks who hate free speech. It’s about control and power, socialism allows that to take place much easier than under our current system. Never give politicians the chance to abuse the power. Keep them out until they work it out.
