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Australia Poisonous tax reform proves less than fatal yet again in Canberra

14:06  19 october  2020
14:06  19 october  2020 Source:   crikey.com.au

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Despite being gifted an apparently guaranteed vote-winner on land tax , the ACT Liberals and Alistair Coe have failed yet again . Part of the reason is that during those 19 years, the Canberra Liberals have gone from being a pragmatic centrist party under Kate Carnell and Gary Humphries to a clutch

Capitalism was designed for one tax – a property tax . The average person thinks taxing high incomes makes more sense, and rich folks are happy you think that because it doesn't. Quick thread on why income taxes should be low, and property taxes should be high. 🧵👇.

What kind of political party goes 19 years and six elections without a win? In an election where some voters weren’t even alive the last time there was a Liberal government, the ACT Liberals not merely failed to dislodge the Labor-Greens coalition under Andrew Barr but went backwards, likely losing a seat in Canberra’s inordinately complex electoral system.

Alistair Coe wearing a suit and tie © Provided by Crikey

Part of the reason is that during those 19 years, the Canberra Liberals have gone from being a pragmatic centrist party under Kate Carnell and Gary Humphries to a clutch of bitter right-wingers led by the reactionary Alistair Coe, the only political leader in the country to oppose marriage equality, and Senator Zed Seselja, another marriage equality opponent and hardline anti-choice campaigner. Humphries understandably quit the party in disgust in 2014.

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Earn less than ,400 (which is the 2020 standard deduction for a single taxpayer). What if I only receive Social Security benefits? This is greater than your standard deduction (,400 for a single taxpayer in 2020) and you would need to file a tax return.

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In the most progressive electorate in the country, the ACT Liberal Party is riddled with climate denialists, right-to-lifers, euthanasia opponents and even monarchists (a position that is beyond the pale even for Seselja, who is a republican).

Jacinda Ardern, Andrew Barr posing for the camera © Provided by Crikey

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It also hasn’t helped that for a majority of the time since 2001, Coalition governments has been in power federally, usually with an agenda of making life difficult for public servants. The current government has fought hard to suppress the wages of average public servants for the last six years.


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Labor and the Greens have also run a competent territory government, including rolling out a major infrastructure project, the first stage of a light rail network — opposed by the Liberals — under budget though nearly a year late, and shifting the ACT to 100% renewable power while reducing power bills for residents.

But they have also gifted the Liberals an issue that, according to every political pundit, should have made the opposition’s job infinitely easier.

The ACT remains the only government in the country committed to the economists’ dream of a land tax system, with the territory part-way through a 20-year transition to replace stamp duty with land tax, which has meant rate rises far ahead of inflation while stamp duty has been cut by, to date, nearly half. The Barr government promised to cap future rate rises at 3.75% in coming years.

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Yet every last American is apparently powerless to stop the election theft, for all the forces that despise this nation — and which hate liberty and justice Fortunately, this is precisely the option for which President Trump has been preparing since at least September of 2018. I have been covering these

2) If tax receipts are less than government expenditures the government is running a deficit. 3) The presence of automatic stabilizers means that the federal deficit is _ than it otherwise would be in a recession and _ than it otherwise would be in an expansion.

The reform has been broadly revenue neutral, according to a study commissioned by the government, and had delivered modest economic benefits. The study’s claim that it had led to a small fall in rents appears hard to square with the experience of many renters in Canberra in recent years, who have faced a tight rental market that has failed to keep pace with population and foreign student growth.

Despite the enthusiasm for the efficiency of land tax among economists and tax reformers, its adoption is regarded as politically toxic. Yet Labor and the Greens have now gone three elections committed to, or implementing, the program, and held office.

And it’s not for want of trying on the part of the Liberals, who have spurned the enthusiasm for land tax of some federal colleagues and campaigned hard against it at every election, even if the issue took a back seat to the light rail project in 2016.

Are the ACT Liberals really that hopeless, are ACT residents uniquely economically literate — or is land tax not as politically poisonous as everyone assumes?

The post Poisonous tax reform proves less than fatal yet again in Canberra appeared first on Crikey.

American Voter: Emma Rosenberg .
Al Jazeera asks the same key questions about the presidential election to voters across the United States.Trump has been focusing on “law and order,” Biden has been trying to strike a conciliatory note. The Black Lives Matter movement, and whether Trump will release his taxes are among the many issues Americans will consider when choosing their president.

usr: 0
This is interesting!