I agree, Andrew. It is plain mafioso extortion. They taxed whatever money (currency) you use to purchase an asset with. They then tax you to buy it, tax you to own it, tax any income it generates, tax everything you buy with the income, tax you to sell it, and then tax you again when you sell. And most of these taxes are purely punitive …
I agree, Andrew. It is plain mafioso extortion. They taxed whatever money (currency) you use to purchase an asset with. They then tax you to buy it, tax you to own it, tax any income it generates, tax everything you buy with the income, tax you to sell it, and then tax you again when you sell. And most of these taxes are purely punitive because the government is so inefficient and incompetent that it spends more money administering most taxes than it collects from those taxes. What do we call that? A liberal democracy? Who agreed to it? Who voted for it? More to the point, given that the majority of Australians aggressively defend the system as being free, fair, effective and uncorrupt, why would anything change?
I agree, Andrew. It is plain mafioso extortion. They taxed whatever money (currency) you use to purchase an asset with. They then tax you to buy it, tax you to own it, tax any income it generates, tax everything you buy with the income, tax you to sell it, and then tax you again when you sell. And most of these taxes are purely punitive because the government is so inefficient and incompetent that it spends more money administering most taxes than it collects from those taxes. What do we call that? A liberal democracy? Who agreed to it? Who voted for it? More to the point, given that the majority of Australians aggressively defend the system as being free, fair, effective and uncorrupt, why would anything change?