Friday 27 August 2010

Is it 'Christian' to Tax the Wealthy at Higher Rates?

We should stop wishing for the creation of a huge welfare state. Instead, wish for businesses to grow. We should vote for a conservative political party rather than a Leftist party.

Of course I'd like to see it taken even a little bit further. Personally I think a flat-tax system would be more Biblical. I don't believe it's justice to tax some people harder than others just because they have more.

Sir Joh Bjelke-Petersen's idea was to charge everyone a flat 20% tax (or thereabouts) and eliminate all other taxes. That's more righteous. Under the current system of income tax in Australia, some people pay no tax, others pay around 12%, or 20%, or 30%, or 45% depending on their income. Former Labor Prime Minister Kevin Rudd's proposed super-profits tax on top of company tax would have meant that some mining companies would effectively be paying over 80% tax! That would be unfair on Australian shareholders.

Countries that have introduced a flat-tax system have all prospered as a result.

It isn't 'Christian' or 'fair' to think that someone or a company should be taxed harder than others just because they have more - even if the money is going to be handed to the poor.

When it comes to social welfare, I think the system in Japan and America (before Obama changed things) had some elements that are more Biblical than some elements of our system here in Australia. No wonder Japan and America became such prosperous economies! I may explain the advantages of some elements of their systems in a future post.

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