The fall out of the budget continues and the whining has started about the tax cuts only being $10 to the common man per week – not even enough to cover the cost of petrol rises. Of course, those on higher incomes are the targets of the media vitriol and want the higher incomes to “give back” what they have been given. But if you do the maths, the cuts are an evenish 4% on every band. In fact, the tax cuts are fair, the question of course is should they have been more not should they be disproportionately skewed downwards.
Also, apparently only 3% of the Australian population earns over $125K and therefore any tax cut at that level is going to be a drop in the ocean in comparison. So the question has to be considered if 4% is only $10 to the common average wage earner, what would be enough? To give $100 of relief, therefore you need to cut taxes by 40% and that is not going to happen.
So people need to start realising that education, going to university and bettering ones self are going to be more important in the future. Funnily enough, that was the subject of this mornings
So ends today’s sermon :-)
No comments:
Post a Comment