Hi David
Drop GST (fullstop). And replace it with a Financial Transaction Tax (FTT) at 1%. You spend $100, you pay a $1 FTT.
Result is a 10% drop in your supermarket bill, and all those gamblers and speculators who treat money as a commodity rather than a medium of exchange have to pay up, or find something more productive to do with their time.
Drop GST (fullstop). And replace it with a Financial Transaction Tax (FTT) at 1%. You spend $100, you pay a $1 FTT.
Result is a 10% drop in your supermarket bill, and all those gamblers and speculators who treat money as a commodity rather than a medium of exchange have to pay up, or find something more productive to do with their time.
The drop of GST to 10% could be an immediate fix for either heading off entirely or getting ahead of any resulting inflationary wage/price cycle.
Since It is universal covers middle income to the lowest income and would be far better than increases in limited one off payments, longer term subsidies, or benefit payments.
Given the wider range of people covered it would be significantly more politically popular than any new capital tax, which has been ruled out by our current PM.
Hi David
Drop GST (fullstop). And replace it with a Financial Transaction Tax (FTT) at 1%. You spend $100, you pay a $1 FTT.
Result is a 10% drop in your supermarket bill, and all those gamblers and speculators who treat money as a commodity rather than a medium of exchange have to pay up, or find something more productive to do with their time.
The drop of GST to 10% could be an immediate fix for either heading off entirely or getting ahead of any resulting inflationary wage/price cycle.
Since It is universal covers middle income to the lowest income and would be far better than increases in limited one off payments, longer term subsidies, or benefit payments.
Given the wider range of people covered it would be significantly more politically popular than any new capital tax, which has been ruled out by our current PM.