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The price of Brent Crude has taken another leg up, flirting with 110 US dollars a barrel over the weekend and pulling even greater focus onto how high energy co…
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21 Comments
Are they psychotic?
Stop taxing the poor, more tax collection is just going to be funnelled to the wealthy. Thats all it’s for.
GST, especially if applied to food, is a tax on the poorer. What about the tax on big oil and the billionaires?
No point in doing business in Australia. Tax, gst, whats the point ot taking risks and the costs of doing it all.
Transaction taxes drag on economic activity and disproportionately burden the poor. Just replace it with a general Land Value Tax.<br><br>Norway has an annual wealth tax of ~1% for land and equities, this is not some insane fringe idea.
it is a wrong time to increase the GST. it will catalyst the inflation.
Yes, raise the GST for sure - interest rates increases punish only 1 sector of the economy.
Raise the GST while the government keeps spending like drunken sailors 🤦♂️ (they wont lower other taxes). Government needs to reduce and pay off national debt asap.
Raise GST must be ok if Josh Frydenberg says so. After-all he is a Liberal Party favourite who managed as treasurer to bring our national debt to almost a TRILLION DOLLARS! Before losing his seat. Josh and his liberal party mates now blaming the LABOR PARTY!
"We continue to waste tax payer funds, destroy the country and make our friends super rich.... but YOU need to pay more tax."<br><br>Absolute joke.
Is it an inflation problem or a tax problem. If we collect more tax, I bet it achieves nothing.
Imagine if we actually tried to save the middle class...
No, tax the passive income steams of the wealthy.
How about gst carve up considers the pokies revenue too? Or will precious NSW throw another whinge about that.
We should instead take a closer look at the "tiny tax" our financial institutions know all about it
How much more tax do we have to pay? Rein in the spending!!
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We are trying something new with ABC Business Daily. We'll still bring you longer interviews here on YouTube every Friday where host Carrington Clarke talks to leading economists and CEOs about the big issues facing the economy. But Monday to Thursday, you can also get the audio podcast, unpacking the latest business and finance news, analysing the stories moving share markets, shaping industries and affecting the Australian economy. The team will break down what happened, why it matters, and what it might mean for you and your financial future.
It does seem unfair that many retirees pay no tax on high incomes but workers pay huge amounts of tax, and pay high interest on their mortgages to curb their spending. We need a way to curb the retiree spending preferentially and prioritising working people. Lower income tax and increase the GST - fairer to the workers.
It is time to tax wealth, not every other thing we utilise or consume. I echo the comment of someone else here. There will be riots.
There will be riots if this happens
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