Q and A comments last night on how insignificant are our tax reform gripes when we look at the truly horrific devastation of everyday lives elsewhere in the world, made me wonder if we are not using the wrong method in our ‘discussion’ about reform? The people of middle income Australia don’t appear to have a voice and by the time we vote, the horse will have bolted!
Many Middle Income Australians Are Prepared To Pay A Bit More..
All the people in a broad stretch across middle income Australia with whom I speak – and there are a lot of discussions going on – agree we HAVE to do something AND we are all prepared to pay a bit more in the interest of Australia’s (and our kids’) future!
Politics and our ‘conversation methodology’ (mainstream media commentary) seem to be denying our PM the capacity to do what he promised which we all accepted with a collective sigh of relief!
WHY are there no media interviews with middle income OR well-off Australians about how they feel, what they are prepared to accept? Insitutional opinions – protecting their patch – and perpetually adverse political opinions, are all I hear.
Do We Need An ‘Opt In’ Forum To Get Past The Politics?
Do we need a place where those of us prepared to support fair reforms and pay a bit more can actually acknowledge this?
Does the conservative rump of the Coalition need to be assured its supporters are not all selfish and won’t all jump ship in the face of fair reforms?
Gareth Hutchens writing in the SMH puts the situation clearly. The Treasurer – in keeping with Coalition ideology – wants tax reforms that boost economic growth but, these reforms give us an opportunity to tackle our growing wealth inequality.
“Two of the biggest drivers of wealth inequality are suddenly in the national spotlight for reform: super tax concessions, and the negative gearing/capital gains tax regime…
The Causes and Consequences of Income Inequality: A Global Perspective” An IMF report released last year argued that income inequality and income distribution both matter for economic growth…
It advised policymakers to reinforce their fiscal policies with ‘greater reliance on wealth and property taxes’…
It said reducing tax expenditures that benefit high-income groups the most, and removing tax relief – such as low taxation of capital gains – would ‘increase equity and allow a growth-enhancing cut in marginal labour income tax rates in some countries’.
See that last idea? That sounds strangely like a tax mix switch.”
Middle Australia needs a voice other than qanda commentary