Budget 2017

JStrike said:
Well, thats not true....
As Europe and the USA after WW2 showed, high economic growth can be achieved with high taxes.

Not saying that there is causation, but as with everything in economics, there is never a universal truth.
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Don't know if that is comparable, those people were motivated to build a better future.

Here not.
 
JStrike said:
Well, thats not true....
As Europe and the USA after WW2 showed, high economic growth can be achieved with high taxes.

Not saying that there is causation, but as with everything in economics, there is never a universal truth.
Click to expand...
Because infrastructure spending, creating real jobs and valuable assets so it was a good investment.
I don't see our government spending money as any kind of investment, they are basically only paying the bills in an extremely wasteful manner.
Now for the private sector to grow it needs freedom and people with spending power that's actually productive in the economy.
 
Disappointed in general with this:

1. The economically active are being used to fund the leeches (both in government and those on social welfare)
2. It is my view that government is effectively pushing up inflation with the levies which will result in interest rate hikes further hampering consumer spending and thus gdp growth.
3. They are effectively also already indicating that the economically active will be expected to fund NHI through scrapping of medical tax credits.
4. They are also hampering saving and investment by increasing DWT
 
Arzy said:
Disappointed in general with this:

1. The economically active are being used to fund the leeches (both in government and those on social welfare)
2. It is my view that government is effectively pushing up inflation with the levies which will result in interest rate hikes further hampering consumer spending and thus gdp growth.
3. They are effectively also already indicating that the economically active will be expected to fund NHI through scrapping of medical tax credits.
4. They are also hampering saving and investment by increasing DWT
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FWIW its par for the course for the last couple of years, with few concessions here and there. What is scary is the proportion of income tax payers vs non-payers - that is a HUGE ticking time bomb right there. We are getting squeezed via income tax and as you rightly mentioned, other levies and interest charges on savings. Coupled with the high level of debt (that probably cannot be serviced readily) that the economy finds itself with... not good (as trump would say)
 
On social grants, I would personally rather see this redeployed to infrastructure development. There is no reason for someone who is able to work, regardless of how menial the task, to receive a grant. Rather employ them to build roads or wave a flag or whatever.
 
Arzy said:
On social grants, I would personally rather see this redeployed to infrastructure development. There is no reason for someone who is able to work, regardless of how menial the task, to receive a grant. Rather employ them to build roads or wave a flag or whatever.
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A challenge they would have with this is that the 'minimum wage' is more than the social grant, so they wouldn't be able to service as many. Dont get me wrong im not disagreeing, just an interesting point to consider
 
powermzii said:
A challenge they would have with this is that the 'minimum wage' is more than the social grant, so they wouldn't be able to service as many. Dont get me wrong im not disagreeing, just an interesting point to consider
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And so we are the architects of our own destruction.

It's just inconceivable that with 17m people on grants none of them couldn't rather be used in some form of infrastructure project and are rather left to sit at home.

At least then people are gaining skills and some work is being done.

If minimum wage is such an issue then specify it as applicable to the private sector and not for government employees who are working for grants. This should incentivise them to move into private sector as well eventually.
 
Arzy said:
On social grants, I would personally rather see this redeployed to infrastructure development. There is no reason for someone who is able to work, regardless of how menial the task, to receive a grant. Rather employ them to build roads or wave a flag or whatever.
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There are 17.2m people on social grants - out of a population of 52.98m - 32.4% and only 2.3m tax payers
 
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Arzy said:
On social grants, I would personally rather see this redeployed to infrastructure development. There is no reason for someone who is able to work, regardless of how menial the task, to receive a grant. Rather employ them to build roads or wave a flag or whatever.
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Agree 200%. This also doesn't include the people that are hired for a job where they do nothing.

We can solve our infrastructure, GDP, unemployment, military, etc. problems just by having people do work. We seriously need to rethink how we go about things.
 
Garson007 said:
Agree 200%. This also doesn't include the people that are hired for a job where they do nothing.

We can solve our infrastructure, GDP, unemployment, military, etc. problems just by having people do work. We seriously need to rethink how we go about things.
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Have some rep, Both of you!
 
1) You only get your grants if you never test positive for drugs

2) You only get your grant if you pop down to your local power generation plant once a day, to walk the treadmill and provide some power to the grid.
 
saturnz said:
get your facts straight

very close to 100% of the population pay tax
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Everyone pays some form of tax, VAT, fuel levy, sin taxes, etc. However, the biggest contributor to the revenue comes from personal income tax, of which a small portion of the population contributes to.
 
system32 said:
There are 17.2m people on social grants - out of a population of 52.98m - 32.4% and only 2.3m tax payers
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There are more than 2.3m income tax payers. Between 6 - 13 million depending on whether you believe the tax payers or SARS.
 
South Africa remains the most unequal country in the world with the two richest South Africans (Johann Rupert and Nicky Oppenheimer, according to Forbes) having wealth equal to the poorest 50 percent (i.e. 26.5-million people) of the country, according to an Oxfam global inequality report.

Some of the claims made by Oxfam :

• Only 360 of highest earners in South Africa pay their fair share of taxes.

• Inequality in South Africa is worse today than at the end of Apartheid.

• R350-billion flows out of South Africa illegally through corporations.
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http://www.702.co.za/articles/634/s...have-wealth-equal-to-the-poorest-26-5-million

There is a link to the the report
 
I sometimes have to work slower otherwise the task would be finished quicker than expected and it would look like I don't have anything to do for the rest of the day. Everyone should be advised to adopt this work strategy at some point during their career.
 
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