3 ms·

No, what I want is a higher salary and lower tax.

• yen223 2y ago
  Australians are getting an income tax cut next year, so that's nice.
• PlunderBunny 2y ago
  What will you cut from government spending to get the lower tax rate that won't affect anyone negatively? I know you didn't say this, and I'm not trying to put words into your mouth, but I'd rather have higher taxes and a better safety net than lower taxes and a look-after-number-one dog-eats-dog world.
  • lmpdev 2y ago
    Not OP and not necessarily in favour of blanket lower taxes: Dramatically push up capital gains taxes on non-speculative investments like land ownership, housing and superannuation (capital movement must be slowed here) Australia has too much unoptimised capital appreciating in these “non-functional” assets which should be moved into more “functional” investments —————— I use “functional” in the sense that certain asset types have potentially emergent utility over others eg: investing a growing business or working-age person has a higher probability of high or non-linear growth over linearly appreciating assets like bonds, stocks or land. Businesses and people “do” things invariant of their quantitative value, while stocks, land and bonds are just fancy ways of dressing up bearer bonds/instruments Our economic system needs to reemphasise the importance of systems which provide utility over a baseline static capital to just syphon into the shortest path to profit —————— Disclaimer: I’m not an economist and don’t claim to be
• grecy 2y ago
  As an Aussie that has spent significant time in the USA - have a look at what lower taxes have done to the quality of life in the USA. You DO NOT want Australia to be like the USA, trust me.