Number37
Anyhow, have a Winfield 25.
- Oct 5, 2013
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I'm not disagreeing categorically here but I would love to put this assumption to the test as I am not so sure it's true. My understanding is the majority of supporters of the 'high-taxing' Greens agenda are from higher income (but not in the extremely high income) demographic. Personally, I am in a fortunate position with respect to household income. I would gladly pay as much as 5% extra in taxes (and could be persuaded to pay more) if I knew it was going towards funding health, education (primary, secondary, tertiary), and science - basically any public good. I think the proposed tax cut is unconscionable given the rhetoric around deficit and debt though I will personally benefit to the tune of a coffee and a biscuit every week.
Anyway, a bit off topic but perhaps the spirit of the thread, I wonder a bit how many people who feel they are taxed too much have found themselves struggling financially because they took on too much debt. In Perth especially, you see many McMansions with two very new-looking 4WDs parked out the front. I can just imagine the householder 'feeling' poor - despite having an objectively high income - because of the interest they're paying to service their two car loans, an over-sized mortgage, and perhaps a credit card. No point in cutting their taxes; they'll probably just take out bigger loans and then blame the government again for taxing them to the point of poverty. Thus in essence, the banks just take our tax revenue and the government gets the blame.
In short, I'd love to see practical financial literacy taught throughout schools, but then I could see the banks lobbying hard against that. But, all of this is just my gut feel based on what I've seen - perhaps it's not as prevalent as it looks to me.
You're not imagining it...