WE NEED TO HELP THE LIFTERS

Politicians were first in line see link below

http://theaimn.com/stop-rorts/

When Capital is rewarded ahead of Labour not only is it stupid to the extreme but morally reprehensible. Economic growth rides on the back of consumer spending. Business cant profit if people have nothing to spend. Currently we have a tax system which takes from workers and gives back to the wealthy coupled with a government that puts the interest of business first while cutting back services. Don’t get me wrong by business I don’t mean small business some of whom fantasize about not being workers.

Post-war 60’s & 70’s period of last century, was a time of far greater egalitarianism and much less social inequality than we see today; proof that capitalism and decency need not always be mutually exclusive.

 “the age of entitlement is over and that we all must become lifters, not leaners”,

Yet at the same time we have a federal budget which seeks to impose austerity measures on the poor, the young, the sick and the elderly, while rewarding big business with generous concessions. They cry out budget emergency while the banks post record profits. They tell us we\all need to tighten our belts while they chomp on fat cigars and get perks on perks. They grumble about sustainability. Cuts to public spending will always affect those on lower incomes. In other words we all pay individually and capital rent on capital remains protected. Slogans about no new taxes are a joke when services are being cut costing the lower income $850 per year and those on higher $550

Abbott’s cries deficit emergency but he began his term by adding  $68bn to the budget deficit. If it wants to balance the books and be fair why not place more of the tax burden on capital? An effective mining tax would be a good place to start. 80% of Australia’s mining operations are foreign owned, and yet they still receive billions in fuel rebates, super profits tax on the banks, taxing interest on superannuation and abolishing perks like negative gearing for property investors. If we do nothing to correct the upward redistribution of income and wealth eventually the whole house of cards will comes crashing down.  The logic is irrefutable; the way to build a better economy is through building better people spend on them. Capital rides on labours backs if exhausted it moves profit is it’s only loyalty. Howard’s trade agreements together with globalization saw the demise of manufacturing. Do you think financial services won’t shift?

None of this will ultimately stop the rich getting richer, but it might just provide the vital revenue needed to water the roots through generous funding of healthcare, childcare, aged care, education, research and innovation.  50% or more profit goes to capital. It is this presumption of entitlement which needs to be challenged. It’s this that Nobel Prize winning economist Stiglitz says threatens America.

The biggest problem is that there is no indication that the problem of inequality is likely to be addressed in a hurry by either team (A)bott or team (B)ill Shorten. Abbott protects capital and Labour merely moves deck chairs. Yes we are doing a lot better than the United States. With the world’s most expensive healthcare system and a minimum wage of $7.25 per hour (untipped)  some are warning of the threat of civil uprising. At least they have plenty of prisons, and if Ferguson Missouri is any indication, police armed to the teeth like their military. The coalition  see the Americanisation of our society as something to be aspired to. Abbott has added $650mill to National Security to protect us from Terrorism within. To date their hasn’t been a single death. But we will need more prisons once the guilty before innocent law take effect. Sush……their listening.