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Long term and as we’ve already seen, our governments inability to manage the economy since 2008 will see the rich get rich and the youth pay for the lifestyle of the old and established
We desperately need a wealth tax, increase GST and vote in an economically responsible government
Agree with the first paragraph not the second.
A wealth Tax will cripple business (if self owned) and retirees. Hell even cash is an asset and considered liquid wealth so you are disincentivising saving. (Maybe not a bad thing to turbo charge spending and growth). GST is partially regressive and is a bastard to implement to easily dodged and most of the revenue is burnt on refunds and the cost of implementation.
A scaled transaction tax. For every transaction (start low to minimal) and turbo charge huge purchases would spread wealth out more easily if you want a tax mechanism to do it.
I'll settle for a responsible government before the economic miniature. Look at the shit show rolling on again.






