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Do the people who don’t support this understand they are favouring tax increases by stealth?
Inflation feeds wage and salary increases which push people into higher tax thresholds and shields governments from the opposition they’d face by announcing tax increases.
Adjusting thresholds for inflation stops increases by stealth and lets people keep more of their own money.
Ele Ludemann is a North Otago farmer and journalist, who blogs HERE - where this article was sourced.
Inflation feeds wage and salary increases which push people into higher tax thresholds and shields governments from the opposition they’d face by announcing tax increases.
Adjusting thresholds for inflation stops increases by stealth and lets people keep more of their own money.
Ele Ludemann is a North Otago farmer and journalist, who blogs HERE - where this article was sourced.
3 comments:
It would enforce a discipline on economic management that would force a Govt. to increase tax's rather than allow a dividend from incompetence.
Why would anyone think it was a bad idea. Just think of the average person, then remember that 50% of the population is dumber than that.
You do know that Inflation or currency debasement is government policy right?
It's a stealth tax that they can get away with to steal more of our dwindling wealth or sweat equity from us.
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