Sunday, June 08, 2008

Tax, and the ownership of money...

Ok, I don't have a degree in economics, so I'm sure some people will say I have no right to even comment on things like attitudes towards tax and who should get to proceeds of tax from the Government, but hey, when has jurisdiction ever stopped me having an opinion, rofl?

I heard a comment today that only people who contribute to tax should benefit from the proceeds of tax, especially through payments such as the Family Tax Benefit. The argument being proffered was that people on welfare have less right to FTB if no one in the household has earned a wage, than those families where someone is earning a wage, even if it exceeds $150 000 a year...

This person seemed to believe (based on her comment) that income tax is the only tax worth considering when determining who should benefit from Government subsidies. But hang on a second, what about goods and services taxes, road taxes, petrol taxes. EVERYTHING we giv money to services some kind of tax here in Australia.

When you park your car, you're paying a kind of temporary land tax - your paying to use that 2.5 x 1.5 metre plot of land for 30 minutes... When you buy an item out of a shop you're paying a whole range of taxes indirectly; you're paying for the taxes on the materials and time it took to produce the item, the taxes it cost for the seller to transport the item (where they had to pay for the transporters costs in fuel/road/vehicle taxes), your paying for the land tax incurred when renting or buying the property in which the item was sold.

Taxes are unavoidable, they're like air, you can't see them, but you can't get away from them either.

So, everyone pays tax. And what are taxes for? Taxes are for the upkeep and running of the country. Kings set up taxes to earn income to help them rule their countryside (much of which meant furnishing a lifestyle that gained the awe and respect of the common people), and since those times, we've all paid taxes so our leaders could afford to run their empires, big and small. So, taxes are, supposedly, for the welfare of the people. And why do we need to worry about the welfare of the people, because without some form of income, be it a wage or welfare, there is no spending, without spending there is no economy.

People can't sell goods and services if no one can afford to buy them. The entire phenomenon of the "The Economy", this beast successive governments tell us we must "keep alive", is all about earning money to spend money so we can earn money. Every person, no matter how hard they work, or what they earn or what they are given is VITAL in this battle to keep "The Economy" up and running. If Governments didn't subsidise people "on welfare" then "The Econony" would become sick and faulty and ALL the people would suffer.

We all pay tax, and we're all entitled to the proceeds of tax, for the health and well being of "The Economy"...

PS, There is no "owning money", there is just the illusion of "owning money"... Money is an intangible abstract concept that changes value on a minute to minute bases, and no one actually owns any of it...

No comments:

Teenagers and the failing parent...