Call To Raise GST A Regressive Step?
Jan 10th 2015, 12:16 am
#16
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Re: Call To Raise GST A Regressive Step?
As for the big hope our near neighbours in Asia, the Japanese numbers have for a few years been in decline and Chinese numbers while increasing are not increasing anywhere like the numbers going to Europe.
It is said Australia has limited appeal. Shopping doesn't generally compare, sunshine is hardly a selling point and nature is of marginal interest.
Any further impost on an already expensive Australia, although fearing better with a declining dollar, will hardly set the tourist industry alight.
Just when the number of Australians holidaying at home were on the increase as well likely due to less foreign buying power.
Jan 10th 2015, 12:40 am
#17
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Re: Call To Raise GST A Regressive Step?
Consumption taxes like GST/VAT are some of the more efficient taxation systems around. Everyone pays them, they are cheap to collect and the government bureaucracy needed to administer them is less
Raising the GST and cutting income tax would be a brilliant idea. Extra tax would be collected, the tax base would be increased (currently over half of taxpayers effectively pay no income tax) and more people would be contributing to the system and the services they receive. Higher income earners (wealth creators) would gain as they would be paying less income tax
The left however hate consumption taxes as they are non-discriminatory and they can't use them foe re-election bribes aka tax benefits/welfare - and as we all know, socialism is all about division and discrimination
Raising the GST and cutting income tax would be a brilliant idea. Extra tax would be collected, the tax base would be increased (currently over half of taxpayers effectively pay no income tax) and more people would be contributing to the system and the services they receive. Higher income earners (wealth creators) would gain as they would be paying less income tax
The left however hate consumption taxes as they are non-discriminatory and they can't use them foe re-election bribes aka tax benefits/welfare - and as we all know, socialism is all about division and discrimination
If you care to change your reading matter and drop the constant bias you will see if allow yourself the real creators of division are hardly the socialists that aim for a fairer distribution of wealth, to which who can blame them with the top 1% becoming increasingly more wealthier and calling the shots.
In fact the rich, as well you know pay a smaller percentage in taxes than those poorer that pay as you earn, and do not have the family trusts and access to accountants specialising on tax minimalizing strategies.
The rich are well able to look after themselves. They have had this ability since time began and will continue to have the influence and ability
to do so.
We should be aiming at a fairer society that all members have a stake in.
There is an argument to lower the tax threshold something that will never come out of a right wing, business over people inclined government.
In fact there is a stronger argument to raise taxes and especially crack down on abuse and rorts by whatever means required. No reason corporates should not pay their dues.
Jan 10th 2015, 12:44 am
#18
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Re: Call To Raise GST A Regressive Step?
Any of these consumption type taxes are obviously a regressive measure. They hit those who have more of their income directed at stuff they have to buy more than those with massive accumulations of wealth that just sit there doing nothing.
In addition, as they are consumption taxes, they reduce the velocity of money in the economy and thus the GDP.
They are an extremely BAD idea, something to be avoided and reduced, not increased.
Rather, in the world we are in, we need to target the rent seekers and accumulations of wealth that unbalance the economy and reduce the value of development and effort in 'earning' money for one where you are adding another zero to your wealth with financial tricks. We also need to bring the GINI index back down to sustainable values such that our economy can continue to work (cf Piketty and the stagnation in middle class incomes).
eg How's this for fundamental tax reform? Target the rentseekers
In general, if you hear a far right winger saying that GST needs to be increased, and giving some bull about funding healthcare or 'wealth creators' - they are looking to go against the above, make the poor poorer, the wealthy richer, and the economy more shot and unsustainable. They are pushing almost exactly the worst policies possible for society.
In addition, as they are consumption taxes, they reduce the velocity of money in the economy and thus the GDP.
They are an extremely BAD idea, something to be avoided and reduced, not increased.
Rather, in the world we are in, we need to target the rent seekers and accumulations of wealth that unbalance the economy and reduce the value of development and effort in 'earning' money for one where you are adding another zero to your wealth with financial tricks. We also need to bring the GINI index back down to sustainable values such that our economy can continue to work (cf Piketty and the stagnation in middle class incomes).
eg How's this for fundamental tax reform? Target the rentseekers
In general, if you hear a far right winger saying that GST needs to be increased, and giving some bull about funding healthcare or 'wealth creators' - they are looking to go against the above, make the poor poorer, the wealthy richer, and the economy more shot and unsustainable. They are pushing almost exactly the worst policies possible for society.
A tax that unfairly penalises the poor.
Some of course see nothing wrong with that and the creation of further wedges within society.
Jan 10th 2015, 5:30 am
#19
Daffyd Duck
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Re: Call To Raise GST A Regressive Step?
how is it regressive when everyone will be paying the same tax rate?
besides, poor people can't afford fresh food anyway.
they eat fast food and cheap processed food.
besides, poor people can't afford fresh food anyway.
they eat fast food and cheap processed food.
Jan 10th 2015, 6:23 am
#20
snɐןɔ ʎʇıuɐs
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Re: Call To Raise GST A Regressive Step?
(of a tax) taking a proportionally greater amount from those on lower incomes.
"indirect taxes are, as a group, regressive"
Jim earns $1000 per week and pays $100 for food, plus 10% GST on that :"indirect taxes are, as a group, regressive"
10% of income on food, 1% of income as tax
Tarquin is paid $10000 per week and pays $100 for food, plus 10% GST on that :
1% of income on food, 0.1% of income as tax
QED
I see a great future for you as Finance minister in an Abbott government.
Jan 10th 2015, 6:55 am
#21
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Re: Call To Raise GST A Regressive Step?
Something in that stinks of discrimination.
Jan 10th 2015, 7:37 am
#22
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Re: Call To Raise GST A Regressive Step?
Don't you get it? When I pull into the McDonalds in Cambelltown on my way to go skiing, they want me to pay more for a Big Mac because I can afford to go skiing and Tyrone from the local housing commission can't. Even though we both choose to eat at the same establishment and we both had the same opportunities in life.
Something in that stinks of discrimination.
Something in that stinks of discrimination.
The problem is not that you can afford to go skiing but that the wealthy don't consume anywhere near as much as the rest of the population. So, the Big Macs consumed by Tyrone and his financial peers amount to a much greater amount than the Big Macs consumed by you and your peers. If GST gets applied to more things, less things will be bought as they will be less affordable to the collective population. You need people spending their money as much as you need to hoard your own wealth. It works out better for everyone, even the CEO's of banks who want Tyrone and his mates to buy financial packages. He himself might buy one of what you might buy two. But there are far more of people like him than there are of you.
Last edited by knockoff nige; Jan 10th 2015 at 7:40 am.
Jan 10th 2015, 8:00 am
#23
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Re: Call To Raise GST A Regressive Step?
regressive
10% of income on food, 1% of income as tax
Tarquin is paid $10000 per week and pays $100 for food, plus 10% GST on that :
1% of income on food, 0.1% of income as tax
QED
I see a great future for you as Finance minister in an Abbott government.
(of a tax) taking a proportionally greater amount from those on lower incomes.
"indirect taxes are, as a group, regressive"
Jim earns $1000 per week and pays $100 for food, plus 10% GST on that :"indirect taxes are, as a group, regressive"
10% of income on food, 1% of income as tax
Tarquin is paid $10000 per week and pays $100 for food, plus 10% GST on that :
1% of income on food, 0.1% of income as tax
QED
I see a great future for you as Finance minister in an Abbott government.
Yes the divisions in society advocated here would make the posters a real choice for selection as Finance Minister by the Abbott government.
Sad choice for the nation of course.
Jan 10th 2015, 8:05 am
#24
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Re: Call To Raise GST A Regressive Step?
Right, and everyone can be a CEO of a bank. Those CEO's are grateful of the baristas and restroom cleaners what earn low incomes as you are grateful and I am too. We need to pay more for things so that they can afford to live on their low incomes and get equal quality public health and education. I feel we've had this conversation a million times. If you want things to be fair, consider the disposable income you have and the disposable income of lower income earners.
The problem is not that you can afford to go skiing but that the wealthy don't consume anywhere near as much as the rest of the population. So, the Big Macs consumed by Tyrone and his financial peers amount to a much greater amount than the Big Macs consumed by you and your peers. If GST gets applied to more things, less things will be bought as they will be less affordable to the collective population. You need people spending their money as much as you need to hoard your own wealth. It works out better for everyone, even the CEO's of banks who want Tyrone and his mates to buy financial packages. He himself might buy one of what you might buy two. But there are far more of people like him than there are of you.
The problem is not that you can afford to go skiing but that the wealthy don't consume anywhere near as much as the rest of the population. So, the Big Macs consumed by Tyrone and his financial peers amount to a much greater amount than the Big Macs consumed by you and your peers. If GST gets applied to more things, less things will be bought as they will be less affordable to the collective population. You need people spending their money as much as you need to hoard your own wealth. It works out better for everyone, even the CEO's of banks who want Tyrone and his mates to buy financial packages. He himself might buy one of what you might buy two. But there are far more of people like him than there are of you.
You are again correct there are far more people on the other side and the fear of those that have the most, often through luck or good fortune, is the hordes banging down the gate wanting some of what they are lacking.
Jan 10th 2015, 8:12 am
#25
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Re: Call To Raise GST A Regressive Step?
Of course working all day for below minimum rates in order to pay slum landlords their rent at the end of the day too exhausted to protest their state, will sort out the work shy, entitled expectants.
Leave us better of people the right to enjoy our life as we are entitled. The little people need to understand their position and make the best of it.
Jan 10th 2015, 8:17 am
#26
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Re: Call To Raise GST A Regressive Step?
Which is why a week at a ski resort is more expensive than a week at Blackpool.
You are again correct there are far more people on the other side and the fear of those that have the most, often through luck or good fortune, is the hordes banging down the gate wanting some of what they are lacking.
You are again correct there are far more people on the other side and the fear of those that have the most, often through luck or good fortune, is the hordes banging down the gate wanting some of what they are lacking.
Let's also remember the GST collected on a week at a ski resort is far greater than a week at Blackpool, therefore adding more to the eeconomy for public services like health and education.
I'm curious. What would people regard as wealthy? A family or individual on more than $100,00 per year?
Jan 10th 2015, 8:41 am
#27
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Re: Call To Raise GST A Regressive Step?
regressive
10% of income on food, 1% of income as tax
Tarquin is paid $10000 per week and pays $100 for food, plus 10% GST on that :
1% of income on food, 0.1% of income as tax
QED
I see a great future for you as Finance minister in an Abbott government.
(of a tax) taking a proportionally greater amount from those on lower incomes.
"indirect taxes are, as a group, regressive"
Jim earns $1000 per week and pays $100 for food, plus 10% GST on that :"indirect taxes are, as a group, regressive"
10% of income on food, 1% of income as tax
Tarquin is paid $10000 per week and pays $100 for food, plus 10% GST on that :
1% of income on food, 0.1% of income as tax
QED
I see a great future for you as Finance minister in an Abbott government.
Jan 10th 2015, 8:47 am
#28
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Re: Call To Raise GST A Regressive Step?
You are gradually slipping down the slide of resentment. Often luck and good fortune doesn't play a part in wealth. It often is through sheer hard work, intelligence, and good decisions. Even if it is through luck or good fortune, there's no need for resentment.
Let's also remember the GST collected on a week at a ski resort is far greater than a week at Blackpool, therefore adding more to the eeconomy for public services like health and education.
I'm curious. What would people regard as wealthy? A family or individual on more than $100,00 per year?
Let's also remember the GST collected on a week at a ski resort is far greater than a week at Blackpool, therefore adding more to the eeconomy for public services like health and education.
I'm curious. What would people regard as wealthy? A family or individual on more than $100,00 per year?
Jan 10th 2015, 9:02 am
#29
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Re: Call To Raise GST A Regressive Step?
You are gradually slipping down the slide of resentment. Often luck and good fortune doesn't play a part in wealth. It often is through sheer hard work, intelligence, and good decisions. Even if it is through luck or good fortune, there's no need for resentment.
Let's also remember the GST collected on a week at a ski resort is far greater than a week at Blackpool, therefore adding more to the eeconomy for public services like health and education.
I'm curious. What would people regard as wealthy? A family or individual on more than $100,00 per year?
Let's also remember the GST collected on a week at a ski resort is far greater than a week at Blackpool, therefore adding more to the eeconomy for public services like health and education.
I'm curious. What would people regard as wealthy? A family or individual on more than $100,00 per year?
Luck and good fortune do very much play a part in wealth accumulation. It certainly isn't in most cases hard work. Speculative play and generally get others to do the work pays best.
Whatever you consider wealthy is wealthy. A family may well get by on under $50,000 through frugal living and feel on top of the world.
An individual may feel hard done by on $150,000 salary. It depends on mind set and exactly what you feel what is important to live a life.
Jan 10th 2015, 9:04 am
#30
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Re: Call To Raise GST A Regressive Step?