feel it is my civic duty to highlight the distortions surrounding the debate about taxation in Australia at the present time; May 2016. The middle class are being labelled as rich and are being asked to pay more and more tax whilst the uber rich people in society continue to amass huge fortunes without being taxed fairly and appropriately. I am really fed up to the back teeth with the hypocrisy shown by all sides of politics about this and other issues. No side of politics will address the issue of mounting debt and no side of politics will address the issue of excessive remuneration of company executives. Instead, all the politics revolves around confected concern about welfare dependent people and continual attacks on the reducing wealth of the middle class. I am not a socialist and I do believe that people should be appropriately rewarded for their efforts. I don’t have any problem with people amassing large fortunes as long as they don’t force me to pay extra tax in order for them to do so; as is presently being suggested by the LNP. I also believe that responsible Trade Unions are essential in society in order to limit the rapacious attack on ordinary peoples’ entitlements and conditions, undertaken by a few irresponsible CEO’s, whilst they themselves increase their own remuneration to an obscene degree! I also detest the politics of envy practiced mainly by the ALP and the Greens and abhor the suggestion that because someone is middle class, they must be rich. When discussing who should pay extra tax and by how much, I believe it to be a good idea to quote a much admired late American President: “Ask not what your country can do for you - ask what you can do for your country”- JFK. During the following article I will make continued reference to what I describe as the uber rich. My definition for Uber Rich is anyone with in-excess of $30 million in assets. These people can withstand any major downturn in financial markets without a significant long term affect on their disposable income and asset base. Not only that, these people can take advantage of depressed asset prices to increase their level of wealth during such inevitable market downturns. This situation is NOT available to the middle class. The uber rich are not compelled to use borrowed funds unlike the middle class. When borrowed funds are used for investment, then the risk of investing is magnified significantly. It stands to reason, therefore, that the uber rich should be compelled to pay a wealth tax because they can easily afford to do so without any significant impact to themselves. There has been a lot of talk and discussion about
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feel it is my civic duty to highlight the distortions surrounding the debate about taxation in Australia at the present time; May 2016. The middle class are being labelled as rich and are being asked to pay more and more tax whilst the uber rich people in society continue to amass huge fortunes without being taxed fairly and appropriately. I am really fed up to the back teeth with the hypocrisy shown by all sides of politics about this and other issues. No side of politics will address the issue of mounting debt and no side of politics will address the issue of excessive remuneration of company executives. Instead, all the politics revolves around confected concern about welfare dependent people and continual attacks on the reducing wealth of the middle class.
I am not a socialist and I do believe that people should be appropriately rewarded for their efforts. I don’t have any problem with people amassing large fortunes as long as they don’t force me to pay extra tax in order for them to do so; as is presently being suggested by the LNP. I also believe that responsible Trade Unions are essential in society in order to limit the rapacious attack on ordinary peoples’ entitlements and conditions, undertaken by a few irresponsible CEO’s, whilst they themselves increase their own remuneration to an obscene degree! I also detest the politics of envy practiced mainly by the ALP and the Greens and abhor the suggestion that because someone is middle class, they must be rich. When discussing who should pay extra tax and by how much, I believe it to be a good idea to quote a much admired late American President:
“Ask not what your country can do for you - ask what you can do for your country”- JFK.
During the following article I will make continued reference to what I describe as the uber rich. My definition for Uber Rich is anyone with in-excess of $30 million in assets. These people can withstand any major downturn in financial markets without a significant long term affect on their disposable income and asset base. Not only that, these people can take advantage of depressed asset prices to increase their level of wealth during such inevitable market downturns. This situation is NOT available to the middle class. The uber rich are not compelled to use borrowed funds unlike the middle class. When borrowed funds are used for investment, then the risk of investing is magnified significantly. It stands to reason, therefore, that the uber rich should be compelled to pay a wealth tax because they can easily afford to do so without any significant impact to themselves.
There has been a lot of talk and discussion about
Saying yes to carry for 24 hours
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Saying yes to carry
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