Raising GST and lowering Personal tax is just the latest tack from the flat tax for all brigade.
While I can accept the arguments in favour of its wider net and "allegedly" it encourages people to save (this seems a self defeating argument when the only reason to save is in order to spend more later but since you'll be paying more GST on whatever it is you wish to buy, what will that have accomplished you?) The fact remains that because GST is not progressive, higher sales tax in lifes essentials will hit the poor and low income earners the hardest.
Who of you supporters of this proposal would be in favour of an increase in minimum wage and benefits to assist these people?
ps I've just realised why we're all to be encouraged to save. Its not for the benefit of the saver, its for the benefit of the money users!!! (aka Banks and Business)
"There must be a one-to-one correspondence between left and right parentheses, with each left parenthesis to the left of its corresponding right parenthesis."
Likewise
I wonder if SCF / Dorchester / St Laurence Ltd / Dominion Finance Holdings / IMP Diversified Fund / Belgrave Finance / MFS Pacific Finance / Cymbis New Zealand / Kiwi Finance / Lombard Finance and Investments / MFS Boston..... would have had a Kiwisaver schemes if Labour got in, in 2008?
Reactor Online. Sensors Online. Weapons Online. All Systems Nominal.
No .. just intellegent ones .. if you got to jail for a few years you still have stuff waiting when you get out ... if you fuck with IRD they will clean you out and you come out of jail possibly still owing the money on what they assessed you owe and did not recover by selling everything you own ...
"So if you meet me, have some sympathy, have some courtesy, have some taste ..."
A consumption tax is a fair way to get tax from everybody, every kid who buys a ice block to every pensioner who buys a new zimmer frame. Every crim who doesn't pay PAYE and every dodgy business man who earns nothing but lives in a million dollar house pays some thing.
What earks me is the real value of my savings dropped 2.5% last month. But on the other hand the value of my bricks and mortar went up 2.5%.
When GST was introduced wasn't the tax take 5% higher than the govt expected.
Just another leather clad Tinkerbell.
The Wanker on the Fucking Harley is going for a ride!
I'm a proponent of higher GST and lower income tax.
High income tax creates an industry of lawyers and accountants who create schemes to minimise the tax of those who can afford to pay their fees.
High GST creates a cash economy - because cash transactions are untraceable. And people still want to buy goods - which creates a much bigger demand for stolen goods. I suspect the withdrawal of large amounts of cash from the economy will go along towards stopping this avoidance, and associated crime.
The trick is to get the right balance without creating a whole new sector of business - either for criminals or lawyers/accountants. It's funny how one of those two is the main beneficiary.
When will the government realise, it's got to be funky sexy ladies!?
KiwiBitcher
where opinion holds more weight than fact.
It's better to not pass and know that you could have than to pass and find out that you can't. Wait for the straight.
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