South African wealth tax warning

  • Thread starter Thread starter Bianke Neethling
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epah said:
Tax the rich so you have more money to give to lazy poor people who refuse to work. Sounds like a great plan. Reward the lazy
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I thought you are one of them? Did you not only go to work at 13:00. because you were to drunk? Where do you find the time to spend the time on MyBroadband?
 
Corelli said:
My couch is filling up with Crispy US Dollar Bills.

Because if our great leader can do this, so can I.
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Just a word of warning! Hide the Rama. Because everything tastes better with Rama! When the #Mycadres come to visit those crisp notes with a dollop of Rama will get them wanting to eat some more!

Quicks said:
These dumb fck never learn! History

They are lacking evolution...
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Not really, evolution in full swing. Still somewhere between homo erectus and neanderthal but evolution is not a sprint race. Have some patience. Bookmark this post for another 40 to 50 thousand years and I can say....
Told ya!!
 
Quicks said:
I thought you are one of them? Did you not only go to work at 13:00. because you were to drunk? Where do you find the time to spend the time on MyBroadband?
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Hey I at least got drunk from my own money. It wasn’t from a grant I promise.
 
epah said:
Hey I at least got drunk from my own money. It wasn’t from a grant I promise.
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Mine was from a student loan. Unfortunately I had to pay it back. Eventually. The bank took umbrage to my argument that I should pay back the higher interest rate loans first!
 
Gov robs the country blind, decides to plug the hole by taxing the wealthy.

And lets be honest, they'll steal the wealth tax too.
 
neoprema said:
Gov robs the country blind, decides to plug the hole by taxing the wealthy.

And lets be honest, they'll steal the wealth tax too.
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The irony is that they now make up a big part of the wealthy and only pay VAT on the bit they buy that can't be somehow claimed back.
 
There already is a very solid, very extractive wealth tax. It is called Progressive Taxation.
 
This is what all corrupt African governments do. They create more taxes that can be used to steal more from the coffers.
This is how NHI will also pan out.

Rather increase the vat in my opinion.
 
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A wealth tax will be extended down to the middle class too via stealth (not adjusting the brackets upwards every year and inflation doing the rest). I just cannot see how this can be applied to illiquid assets. Will it extend to retirement funds too? If so most middle class would need to start selling off retirement funds to settle tax?

Also they can't tax you say 10% of an asset's value every year because that would force you to dispose of the asset entirely. It has to be a once off else people will just sell all their property and assets and take their money out of the country.

This is pie in the sky like NHI - it isn't going to happen as much as they try. There will be such backlash and legal challenges that the government will be tied up in court for years.
 
Paul_S said:
This is pie in the sky like NHI - it isn't going to happen as much as they try. There will be such backlash and legal challenges that the government will be tied up in court for years.
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Hopefully - I am not letting these bastards get any more of my money
 
Priapus said:
Hopefully - I am not letting these bastards get any more of my money
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