Left’s taxing level of hypocrisy
NO ONE DEMANDS THAT THE COWBOYS LOWER THEIR SELECTION CRITERIA BUT THE LEFT BELIEVES EVERYONE SHOULD GET TO PLAY FOR THEM. THIS IS PURE FOLLY.
HYPOCRISY and doublespeak abound in politics, and North Queenslanders can be forgiven for wondering what Labor really stands for when it comes to tax.
Eyebrows were raised when federal Labor leader Bill Shorten recently announced his opposition to the Adani coal mine – contradicting his Queensland Labor Premier Annastacia Palaszczuk.
But it appears Labor also can’t get its message straight on tax.
Tax breaks for business hit the headlines this year when US President Donald Trump implemented tax cuts, particularly for businesses.
The Left howled at such generosity shown to those nasty capitalists, and Mr Shorten bristled at suggestions Australia should follow suit.
He parroted the age-old trope that “trickle-down economics” doesn’t work, that tax cuts for business only benefit the rich. But this month, Ms Palaszczuk demanded that Australia double tax offsets for movie companies to stimulate Australia’s film industry – something North Queensland would definitely benefit from.
This obviously means tax policy does incentivise productivity and investment, and Australia should definitely follow the US lead.
The Labor policy paradox should be a major red flag to voters and those who nod furiously when union leaders and ALP tub thumpers start savaging the “rich”.
Left-wingers worldwide continually demand equality of outcomes.
They think anyone with a lot of money should be forced to share it by way of punitive tax rates.
Conservatives worldwide talk about equality of opportunity and using tax not to punish success, but to inspire and reward it.
Every able-bodied male in the North has the opportunity to play for the Cowboys, but millions won’t.
For those few, a Cowboys contract is just reward for making astute choices and sacrifices.
No one demands that the Cowboys lower their selection criteria.
But the Left believes everyone should get to play for the Cowboys. This is pure folly.
And when it comes to financial prosperity, someone enjoying better outcomes than others isn’t allowed.
Labor’s response – and the Liberals’ in recent years – is to tax the hell out of anyone who has made a go of it and share that wealth with people who haven’t made a go of it.
If Labor could somehow legislate against good luck, it would.
The Prime Minister’s office estimates that Labor’s proposed federal tax policies will cost every man, woman and child $6000.
The reality is that only the top earners, who already carry an unfair tax burden, will be slugged.
In Queensland, the newly elected Labor Government snuck in four new taxes that mainly affect “the rich”.
This week, Mr Shorten announced new tax rules on “rich retirees” with shares, on top of unfair superannuation taxes on the same group.
This class warfare appeals to petty jealousies, and sends a clear message that if you work hard and save for your retirement, make astute investments and limit your reliance on the pension, you will be penalised.
It says you can make poor life decisions and the government will look after you – with other people’s money. It allows people to think the rich don’t deserve their wealth and that they must be forced to share it.
This is Socialism 101, an ideology that’s a proven abject failure.
Mr Shorten’s claim he’s plugging a loophole completely ignores the fact “rich retirees” have shouldered a huge and disproportionate tax burden already for much of their working lives.
But because lazy governments can’t curb their spending, the demand for revenue is unending and growing.
Winston Churchill is quoted as saying: “A nation trying to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.”
The divergence on tax philosophy between Mr Shorten and Ms Palaszczuk means North Queenslanders should take with a grain of salt any attacks on tax cuts for business and high earners.
Puerile tax raids on the more prosperous few – along with the inevitable “eat the rich” howls of protest – are unfair and our politicians should abandon the tactic completely.
A flat tax should definitely be part of any talk on tax reform.
HOME RUN: Limiting your reliance on the pension attracts tax penalties.