Why not tax the rich instead of screwing the poor?
Posted by John, August 25th, 2016 - under Independent Australia, Tax, Tax the rich.
I wrote this back in May for Independent Australia. It contains some of those pesky things called facts that rebut the Morrison lies about the taxed and the not taxed.
Why not tax the rich instead of screwing the less well off?
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Comments
Comment from Fred
Time August 28, 2016 at 8:14 am
Ah yes, tax the rich.
Just like the Luxury Car Tax. Which car manufacture sells the most cars subject to LCT? Toyota.
A tax on the rich will soon become a tax on Toyota drivers i.e. everyone.
Comment from Chris Warren
Time August 28, 2016 at 7:38 pm
Fred,
the rich have got rich by taxing everyone else and only the few drive luxury cars.
Since when were the Yaris and Corolla deemed luxury cars? The tax is only paid on vehicles selling for OVER TWICE these prices.
Comment from John
Time August 30, 2016 at 8:42 pm
Yes.
Comment from Chris Warren
Time August 27, 2016 at 8:35 am
Yes, the only way one social strata can get “rich” is by exploiting others. Under capitalism this is effected by the creation and accumulation of “surplus value”.
Under capitalism – surplus value should carry the burden of taxation.
While there are petty forms of surplus value – so-called “Mum and Dad investors” most loans, foreign exchange and share transactions represent pure surplus value as it moves from one occupation to another.
This flow is tax free and does not incur any GST. On the other hand workers wages are triple-taxed, 1) payroll, 2) paye and 3) GST.
If you look at the data on Sharemarket turnovers you will see that daily share transactions are 2-3 billion per trading day.
A minute tax on ASX and foreign exchange will easily provide the funds we need for all the goods and services and jobs everyone needs.