Thats the problem jetcrew, it dont apply to all.
If you are a multinational, rich, or have a means and way to fiddle the tax you dont pay it.
Its only the poor sods who work for a living that pay all the tax.
The pollies are all in the pockets of these people and have no intention of rocking the boat.
Pauleen Hanson had the right idea, and was very quickly ostracized, prosecuted and put in gaol for daring to suggest an effective way to prevent tax rorts.
She suggested a flat tax rate applicable to each and every money transfer.
Let me ex[plain
3% tax every time money changes hands or is transferred.
For you and me that means, you pay 3% for having your wages transferred into the bank, you pay 3% for taking it out and you pay 3% to spend it on something............total tax 9%.
But the devil is in the detail.
Banks transfer money all over the country and world on a daily basis, trillions and trillions of dollars every single day.
They do this to avoid tax, cant tax money that's not there right?
Multinationals pay no tax at the moment and send billions of dollars off shore, not if they pay a 3% tax they don't.
By adopting the flat 3,4 or even 5% tax to ALL money transfers, govco would soon have more money than they could spend, people would have more cash to spend, Australian businesses would pay less tax and importers would have more competition.
All of which would be better for the economy and Australian people.
The downside
No more tax dodges, multinationals would have to pay millions perhaps billions in tax and banks, that do not actually make anything, would have to pay billions in tax.
And therein lies the crux, these big players feed cash into govco coffers and would be very very angry if they had to actually contribute.
So it will never happen, and after the Hanson exercise, no one will be game to bring it up again.
So who really rules the country, not the pollies, they are just the useless, parasites that people target instead of the real movers and shakers.
