Expenditure Tax.... the Gamechanger?

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Originally Posted by Homestar

it's just a pub conversation really isn't it - with not much thought or research put into it.

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A bit like half the threads on this site,but that’s OK,all fun and games[wink11][biggrin]

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Originally Posted by scarry

A bit like half the threads on this site,but that’s OK,all fun and games[wink11][biggrin]

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Agreed, but the OP said originally - "Please do not challenge my exact figures here , they are close enough to get the point across."

Which is fine, but I was trying to work through this based on actual data, but it seems not to exist so not sure how the claims can be made is all.

ok, I made no claims at all , just transferred something I had heard.

the figures come from the RBA.

I stated that.

now , you can do your research should you choose.

go to australiaoneparty.com look up latest dispatches....you may have to go to another media site to see/hear the dispatch

btw I had a full listen to it earlier , it made sense.

I have, in my spare time, been searching the Internet thingy for information re this thread.
I could not find anything related to only having an expenditure tax.
But I did find the attached link interesting.

The case against income tax - Renegade Inc

Not being a Tax Accountant I could not quite follow all of it like why the government does not need tax but I found it interesting
Jonesfam

I gave a link.....

australiaoneparty.com

Riccardo Bosi is the face of that australiaoneparty group.
He seems to be an untrustworthy nutter.


Extremist Riccardo Bosi: followers duped — The Klaxon

So , there is no party , apparently a number of hard to locate independents stood but no indication of votes gained by A1 independents.

I found where Ricardo "explained" the tax and listened several times. Food for thought if nothing else.

Surely someone else has proposed an expenditure tax before......to me it seems possible.

One of the morning shows might like to play with it.

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Originally Posted by ramblingboy42

So , there is no party , apparently a number of hard to locate independents stood but no indication of votes gained by A1 independents.

I found where Ricardo "explained" the tax and listened several times. Food for thought if nothing else.

Surely someone else has proposed an expenditure tax before......to me it seems possible.

One of the morning shows might like to play with it.

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Didn't Pauline Hanson run with it at the 2019 election?

Tony

There is an economic theory that no government has ever actually needed tax income to operate. This is based on the reserve bank or whatever alternative exists. The government sets these up and then puts in their constitution that they have an account with an unlimited overdraft. The reserve bank does not have the right to refuse to write any cheque the government asks for.

Taxation is to control the economy giving favour and making some activities less attractive due to the added cost of tax. It should also cover the cost of collecting the taxes. Under this theory Taxation has nothing to do with repaying the national debt it is about managing economic activity

When I was young, my ambition was to pay lots of tax......on the under-lying assumption that this meant I had earned lots of money. To this day I have only ever achieved 50% of that deal [bawl][bawl].