I thing the honest tax burden needs to be paid and things like family trusts and other routes should be outlawed.
I know a guy who runs his own company and has multiple offices in multiple countries employing about 300 or so people yet pays SFA tax.
In fact his business actually gets R&D grants from the government, employs foreigners and he’s personally on a health care card because of the way he’s arranged his affairs yet conservative enough to drive a $180k car and swap every few years for something new… And His wife and his kids probably all found themselves on the books and got job keeper during Covid years. He’s a millionaire. He’s the master of the tax big rort. He probably still thinks he’s paying too much tax.
I think if family trusts, negative gearing and the other tax rorts (especially the international tax rorts used to negate the majority of tax on our minerals) were removed and a more honest amount of tax actually paid each year, more could be spent on essential things that society needs to keep things equitable.
Heck the following 2013 quote defines the inequity rather well:
Sadly we have followed the US model where divisiveness and an ever growing gap between the haves and have nots has become the norm
So let’s give those on $180k a tax cut and our elderly on government pensions* whose rates, water, gas, electricity, insurance and food costs have gone up between 15% to 30% over the last two years…
And now the cry is that that tax burden needs to move back to the lower/middle class as being the solution?
In a world of ever increasing automation and AI taking even more jobs with ever increasing unemployment, where a large part of the population base can’t be reskilled for the specialist jobs that would be required in this brave new world, let’s tax those few who have jobs even more… why not also get rid of unemployment payments?
Odd and rather sad that as global production has become more efficient, the sharing those efficiency gains has eluded more working class.
Sadly rules are made by the elite for the elite.
Guess Mel Brooks said it best:
* many of our elderly are on government pensions because when they worked mandatory superannuation wasn’t a thing and many migrants were simply not aware of the benefit of such investments for their retirement. But the common societal attitude now is fcukem cause they should have done better and they got the biggest benefit increase in decades so what have they got to complain about… yet these old pensioners often have to decide between heating their home or eating… We use to be a country that cared for our elderly citizens but now we seem to abuse them… so tax cuts for the rather well paid is the chant