That’s no surprise. My lifelong observation on people’s attitude to taxation is they’re all for taxes so long as they affect someone else and not them.
A classic example was the recent reported utterance by a Jonathan Barett, Associate Professor of taxation at Victoria University.
Barrett was quoted saying “an inheritance tax, specifically a capital acquisition tax was the best solution for New Zealand’s fiscal problems”.
So here’s a bloke who in return for a modest income, never left the comforting safe security of the school-room, his choice of course, but who has the answer to more government money to substantially waste.
Namely, take it off the energetic individuals who create jobs and industries, usually after an initial few years of long hours, low income and considerable risk, without whom we’d have no economy to support the likes of the fearful of life, metaphorically hiding under their beds types such as Barett.
Sir Bob Jones is a renowned author, columnist , property investor, and former politician, who blogs at No Punches Pulled HERE - where this article was sourced.
Barrett was quoted saying “an inheritance tax, specifically a capital acquisition tax was the best solution for New Zealand’s fiscal problems”.
So here’s a bloke who in return for a modest income, never left the comforting safe security of the school-room, his choice of course, but who has the answer to more government money to substantially waste.
Namely, take it off the energetic individuals who create jobs and industries, usually after an initial few years of long hours, low income and considerable risk, without whom we’d have no economy to support the likes of the fearful of life, metaphorically hiding under their beds types such as Barett.
Sir Bob Jones is a renowned author, columnist , property investor, and former politician, who blogs at No Punches Pulled HERE - where this article was sourced.
5 comments:
Society, politicians and business should never take advice from academics to form policy on practical matters.
Anyone without practical application in a real world environment is the same as an electrician or plumber who read a text on electronics or plumbing saying they can wire or plumb your home in the most efficient and inexpensive way.
Yep it’s tall poppy syndrome coupled with the great dumbing down. Some tax is fair - part of being a society ( unless you want 100% pay as you go eg tipping and tolls) but why Is honestly earned wealth considered evil?
Perhaps tax equity would be more appropriate eg the ‘charitable’ status Maori enterprises?
These woke tosspots that have never left the classroom should not be listened to.....I certainly don't. They should be seeking successful peoples advice and we should be educating them. If that were to happen we wouldn't be in this downward death spiral.
NZ loyal campaigning on a 1% transaction tax. That's keeping things simple an fair.
As the old adage goes: “those who can… do. Those who can’t… teach.”
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