The Report of the National Commission of Audit

10 May

the report of the National Commission of Audit

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The report fits perfectly with a wry observation from John Kenneth Galbraith, as paraphrased by the late John Button: ‘‘The rich need more money as an incentive and the poor need less money as an incentive.’’

What is your comment on this?

5 Responses to “The Report of the National Commission of Audit”

  1. auntyuta May 10, 2014 at 7:32 am #

    As I understand it, the “Rich” only invest if their is a chance to make more money and plenty of it. If their earnings get taxed too highly, there is no incentive for them to invest.

    And the “Poor” only work more if they earn less. So reducing their wages (salaries) as well as taxing their work at a higher rate is an incentive for them to work more and for less.

    A “caring” society? I would like to know where should the money come from for the so called “Disadvantaged”? What if the Disabled, the Sick, the Old do not have any money of their own? Who is going to look after them?

    It looks to me in future Government is going to have less and less money to do so. The future looks good for people with Capital, Property and Investments. Highly qualified people who can command a high income will continue to have funds for investments etc.
    People who have to work hard for very little income are going to be worse and worse off, And people who cannot work at all and have no “Patron” to support them will be on the scrapheap, totally dependent on charitable organisations.

    The way we are heading the age of ‘Entitlements” by Government is going to be well and truly over. Here we come: “BRAVE NEW WORLD”!

  2. berlioz1935 May 10, 2014 at 7:20 pm #

    It seems to me companies will still get their tax concessions and the miner their diesel rebates. By increasing the pension age the government is lowering the cost of welfare, as unemployment benefit is less than the age pension.

    • auntyuta May 11, 2014 at 1:54 pm #

      In two days we’ll know what is in the budget. Are there going to be any surprises for us, Berlioz? We’ll see.
      I am not too worried. To me it does not matter much if I have to pay 6 Doillars for a visit to the GP.

  3. dadirri7 May 11, 2014 at 11:26 pm #

    it is a sad state of affairs Aunty Uta, I am glad we will be out of the country for 6 weeks!

    • auntyuta May 12, 2014 at 10:11 am #

      Enjoy, Christine, and bring back lots of lovely photos and memories! 🙂

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