If you want to keep me out of poverty, please send a penny or two. I am one of those pov-liners who can't afford to drive a car and for who a cup of coffee or a glass of beer is out of the question.
I promised I wouldn't re-edit old posts, but this is my broken promise. In November Beirut & Paris were hit with some pretty devastating terrorist bombings and shootings. One or two things stood out for me, the terrorists had pretty much free movement from Syria to Lebanon and France. Lebanon is difficult to stop because its a walk. France, one or two terrorists got on a boat to Greece and took buses and trains to northern Europe. While they are by themselves they need cash for food, public transport, smokes, drinks.
What I have written in the past would stop most of that for a single traveller. Even with other people paying for their food a system could be in place that each person must buy their own ticket on public transport form their cash card. In France they could hide by having cash to use for daily necessities.
Everyone has to die sometime. We get old and forget to breathe and so it goes.
We all work and we all pay taxes. And what a scam that is. Taxes
for the people began as a way for paying for wars. The industrialists
couldn’t rely on governments to keep the wars going and to keep the
dollars rolling in because the governments were going broke, so they
convinced governments to get more dollars off the people by bringing in
And so it continues. Not much in the way of wars, so long as Putin
learns to pull his small man syndrome in. And we still pay taxes. The
latest story in Australia is that the government is broke and needs more
Time for the ideas man to think and stink.
I have a suggestion for you about tax reform that is very different
to the way we do things at the moment. My idea would stop any illegal
drug trade, stop any black market tradies and tobacco, stop any tax
rorts, tax schemes and tax scams.
To do this we need to drop the idea of tax in all its current forms,
income tax, company tax, payroll tax, car registration, excise duties
and GST. These will be replaced by a simple bank movements tax. Any
deposit, withdrawal transfer or loan in the banking system will attract a
small taxation of about 1.5% maybe 2% of the value of each
transaction. This will cover any tax we currently have and stop any
need for tax deductions.
It will also need a change to a cashless society but with everyone
having a piece of plastic for their banking there is no real problem in
this except the touchy feely want to have money in the wallet. All
traders will have to have a mobile eftpos machine to conduct
transactions. All sales all services and all fees will be recorded
I mentioned it stopping the drug trade, it will in so much as there
will be no more cash and any drug baron would need their approved eftpos
machine and anything done on that eftpos machine will be traceable.
This will make any convictions for drug buying and selling so simple to
trace that the trade in illegal drugs will stop just about over night.
I know there are a lot of people who oppose this sort of dramatic
change but it will mean that wage earners will have all of their wages
to spend, prices on just about everything will drop because there will
be no GST or petrol or sales taxes. Wage earners will be able to do
overtime for businesses and not be penalised for making money for
themselves and their bosses. The potential for an increse in retail
sales is enormous and with the average home no longer hit with stamp
duty it would benefit your industry dramatically, it would also get rid
of negative gearing and because the whole system, will rely on tracing
the movement of money no one can complain.
The rate I mention is based on a study done in the 80′s when Paul
Keating was treasurer, I believe the figure guestimated to replace all
taxes was about 1.25%, maybe 2% with GST.
An added benefit of this scheme would be the taxing of Apple on
products they sell. The scam of getting Apple Ireland to buy products
from Apple China and then on sell them to Apple some other country would
mean that Apple pays the tax on product it buys and brings into the
country and then on the products as they are sold in this country and
then on the cash as it is moved off shore to where ever they keep their
billions. Sounds extraordinary but it will be a fair tax compared to
their tax dodging schemes that are in place at the moment.
How would the tax be distributed to the states and federal
government? Just an idea, not sure if it will work, but it will get
people thinking. whatever taxes are earnt in the states are kept in the
states. Taxes earnt from international movements of money will go to
the federal government. If there are any Treasury officials reading
this I would appreciate input on at least this part of the scheme.
Harvard School of Economics is recommending the ideas of dropping
cash and a few billionaires have told me this idea is the best way of
making the rich pay taxes. They spend more than anyone else because they
have more to spend. The billionaires unfortunately want to remain
BBC world service have run a few stories on cash and how successful cashless has become in Kenya, the Nordic countries,Belgium . One radio story from them