josu7 - you're confounding completely different issues in this from tax rates to tax take to government expenditure. Personally I think 52% is obscene and no country or entity should take more of one's income than the individual producing it.
Australia has a social compact that its citizens appear to be ok with whether it be high quality of life / high tax tradeoff with substantial Government expenditure in areas of Social Security and Welfare, Health and Education.
How it is 52% though whilst citizens have to save their own Super, Public Transport is fairly basic and Defence spend is only at 6.5% of expenditure and less than 2% of GDP is beyond me though. All whilst sitting on one of the greatest accumulation of natural resources in the world.
Australia has a tax and spend problem not necessarily a corporation tax levee problem. But then I'm in Singapore where the local citizen average household tax level is between 0-1% and where the tax rate progressively tops out at 21% but then we have to save our own pension, pay our own healthcare, buy our own housing and get by without unemployment benefit.
KM
APT Price at posting:
$126.48 Sentiment: Hold Disclosure: Held
