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1-superannuation is a hodge-podge at the moment, and the only people getting rich are the fund management companies. I don't know the answer, but perhaps super should be run by a government established fund manager, every working person pays into it, and everybody gets an aged pension-no concessions for extra contributions.
2-A mining tax needs to allow the miners to make a reasonable profit AND sell their product at a competitive price to their competition. It needs to be thought out a whole lot better than it has been so far.
3-Removing the fossil fuel subsidy will need to be thought out carefully, as it would cause an increase in primary production costs. Increasing food prices would be inflationary.
4-Private school parents pay income tax, too. They are entitled to the same dollar spend on their kids as public school kids-after all, they are paying the private fees for their kids, not the taxpayer. If you take away taxpayer funding in private schools, there would be a huge number of kids leaving the private system and flooding the public system, and it couldn't cope. I think this is best left alone!
5-Raising income tax dramatically for the wealthy will only drive them off-shore-then you get nothing! Better to raise the GST and apply it to everything- low income earners and welfare recipients can be compensated for the increased costs.
6-Yes-abolish negative gearing. It forces the taxpayer to subsidise someone else's wealth acquisition.
Last edited by Larryp; 10-05-2014 at 01:48 PM.
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