from macrobusiness today commenting on an AFR article over the weekend
…the tax system is badly broken. It can’t generate enough revenue to deliver long-term structural surpluses that underpin a successful society.
So far our political "leaders" have their heads in the sand (or is that up their A$$es?) that they will leave any adjustment till the last minute, which will cost us dearly.
How tax free super is viable with the halving of workers per retiree over the next few decades is beyond me![]()
To begin with Economists, who will never have the task of being elected, would adjust the the the GST, and let bracket creep on income tax ride.
That to one side; Jeff Kennet's 'Keynesian' Epiphany, voiced today, if it gets any traction, which when melded with Abbott 'Mr Super Infrastructure Man', may give rise to an expanded tax base... Give me a Melbourne/Brisbane rail freight link, powered by Aussie natural gas powered loco's.
http://www.theage.com.au/victoria/borrow-to-build-rail-network-kennett-20130811-2rq88.html