Tag: Economics

TAX CUTS ARE A WELFARE HANDOUT TO THE NEEDY WEALTHY.

On By Everald ComptonIn Business and Enterprise, Community and Values, Government, History, Law

I have never become a member of a political party and never will as this could have the capacity to lead me to life as a one eyed citizen locked in to an ideology that requires a closed mind.

This confirms that I have been a swinging voter all my life during which I have voted for the best leader or candidate, but never the ‘best’ Party.

So it is that I have at times voted for Robert Menzies, John McEwan and John Howard while on other occasions I cast my vote for Gough Whitlam, Bob Hawke, Paul Keating and Julia Gillard. On one occasion, I voted for Greens leader, Bob Brown, as he helped me with legislation regarding needs of pensioners. Now I make it my business to back quality independents as we need many more of them to raise the stature of our Parliaments.

My purpose in relating my background is to set the scene for this article.

As I am neither a capitalist nor a socialist and believe that both are equally decadent ideologies, I want to add that I especially vote against anyone who advocates tax cuts and believes in the very false theory of trickle down economics. I fight them both with a burning passion as never in my life have I ever seen either of them do anything meaningful for humanity.

It has been proven over and over again that tax cuts make a few favoured people more wealthy than they already are or need to be and enormously blow out the national budget deficit while in no way doing anything to stimulate the economy.

Most importantly, none of their newly created wealth has ever trickled down to the poor. Not ever. Not even remotely. And it never will.

The lie on which ‘trickle down’ is based and promoted is because the wealthy recipients of tax cuts need to have a moral excuse to justify their greed. They want everyone to understand that only seek wealth so they can pass it on to the poor. Unless they can help the needy, they really don’t want to have one cent of their wealth.

From an early age in my 90 years, I regularly have been making speeches spelling out the sheer hypocrisy of tax cuts and trickle down economics. My critics always declare with venom that I have not got a clue about either economics or good government and should therefore shut up permanently.

So I ask them to give me just one instance where it has been proved that tax cuts have worked, but no one has ever given me a single one that is valid.

They trot out the high profile ones like those legislated in USA by Ronald Reagan, George Bush and Donald Trump or the recent one here in Australia by Scott Morrison, yet none have ever proved that they actually worked for the common good. They are unable to deny that budget deficits blew out and have never been repaid. The poor remained poor and often became poorer. The entire theory is a blatant lie of huge proportions.

THE INDISPUTABLE FACT IS THAT TAX CUTS ARE A BLATANT AND CORRUPT WELFARE HANDOUT TO THE WEALTHY, THE VERY GUYS WHO CONSTANTLY DENIGRATE THE POOR FOR SEEKING WELFARE. THEY ARE ALSO THE SAME GUYS WHO PAY THE LEAST POSSIBLE TAX THAT THEY CAN SO THAT EVERYONE ELSE PAYS THE COSTS OF NATIONAL LIFE.

The proven way to stimulate any economy is for government to create jobs by going into debt to build infrastructure & constantly enhance our essential food, health, education, housing, energy, and transport systems. This generates an army of taxpayers to fund the nation and creates spenders who fire up the market place.

Let me emphatically say in closing that I encourage and hugely admire people who begin life with nothing but work hard and wisely and honestly to gain a position of genuine wealth while paying a responsible amount of tax while they do it. We need many more of them, but no wheelers and dealers and plunderers who are also tax avoiders.

I also work to create a world in which everyone has a fair chance to become financially independent which is the status I have managed to achieve in life and is all that most humans really need to enjoy a good life of positive and creative achievement.

Yours for a good life.

Everald

CLIMBING THE COVID MOUNTAIN

On By Everald ComptonIn Business and Enterprise, Community and Values, Funding and Finance, Government, History, Join the Debate

TEN ECONOMIC STEPS THAT FORM A PATHWAY TO THE TOP

THEKOUK and EVERALDATLARGE OUTLINE A WAY FOR THE PEOPLE OF AUSTRALIA TO CREATE AND MAINTAIN SUSTAINED PROSPERITY

Covid19 has opened a door for Australians to positively accept significant changes that will lead to a shared good. This rare opportunity enables us to achieve sustainable economic and social goals that create a new ‘normal’ as our way of life.

These Ten Steps are presented as non-partisan recommendations to the Australian Parliament in the firm belief that, if they embrace them, the Australian economy and society will be greatly enhanced after the Covid19 pandemic has passed. Continue reading “CLIMBING THE COVID MOUNTAIN” →

LET’S KILL WELFARE

On By Everald ComptonIn Ageing, Elections, Environment, Government, History6 Comments

It is unfortunate that the word ‘welfare’, which used to mean well-being, now implies that recipients are unfortunate people who need to be propped up by the rest of society, much to the anger of an increasing majority who resent the sense of entitlement that many welfare beneficiaries seem to have adopted.

It’s time to remove it from our vocabulary and from our economic and social system, replacing it with a NATIONAL DIVIDEND that is paid to every Australian citizen every year.

This is not just another political idea, it is an unavoidable change that will be forced upon us when robots and their artificial intelligence take over the productivity of the nation leaving millions of us without employment while the Federal Treasury absorbs the revenue of a technology driven Australia.

So, it will be smart if we plan for it now instead of having it forced upon us in panic mode. Continue reading “LET’S KILL WELFARE” →

Climate Trumped

On By Everald ComptonIn Carbon Debate, Environment, Government, Population4 Comments

Everything that Donald Trump does is a combination of good and bad and both are always out on the extremes.

His decision to pull the United States out of the Paris Climate Change Accord is a typical example of classic Trump.

He deservedly won praise for carrying out an election promise. He said many times during his election campaign that he would scrap the Paris Accord and he did. It is a pity that more politicians don’t follow his example and carry out their promises.

He also gave the climate change fanatics a good kick in the head, which they richly deserve. Their vicious attacks on anyone who disagrees with, or reacts calmly to, their predictions of doom are an absolute insult to the intelligence of those of us who are moderates in search of practical solutions.

At time same time, Trump showed utter irresponsibility.

Whether or not climate change is occurring, the undeniable fact is that 7.5 billion human beings are polluting our planet every hour of every day and we have to do something sensible about it, despite Trump’s ridiculous denial of human impact.

In addition, his call for ‘America First’ is selfish, misguided, disastrous and doomed to failure as he gives up American leadership in the world and allows China to step into the vacuum.

But Trump is not the only one to blame for the situation the world now finds itself in. Continue reading “Climate Trumped” →