Every rand spent on South Africa’s new basic income grant will be an extra rand of tax

[BusinessTech]

Every rand spent on South Africa’s new basic income grant will be an extra rand of tax

The government could fund a new basic income grant for South Africa by borrowing money, but ultimately it will be taxpayers who pay for the new scheme, says Wits University professor Michael Sachs.

 

[saturnz]

communism.... yay

 

[PsyWulf]

I'd say more like R3 extra tax,but when you're talking such mass fraud potential who knows really

 

[epah]

The government could fund a new basic income grant for South Africa by borrowing money, but ultimately it will be taxpayers who pay for the new scheme, says Wits University professor Michael Sachs.

Really now, is there an instance where the tax payers don't "ultimately" pay? That line is ridiculous.

 

[pinball wizard]

Every rand spent on South Africa’s new basic income grant will be an extra rand of tax

The government could fund a new basic income grant for South Africa by borrowing money, but ultimately it will be taxpayers who pay for the new scheme, says Wits University professor Michael Sachs.

 

[saturnz]

Really now, is there an instance where the tax payers don't "ultimately" pay? That line is ridiculous.

government has no money, it can only finance itself through debt and taxes


"everything government says is a lie, everything government owns is stolen"

 

[pinball wizard]

government has no money, it can only finance itself through debt and taxes


"everything government says is a lie, everything government owns is stolen"

cANCer devouring the once healthy host.

 

[ShaunSA]

Professor Obvious strikes again!

 

[PsyWulf]

Really now, is there an instance where the tax payers don't "ultimately" pay? That line is ridiculous.

Foreign Aid?

 

[saturnz]

cANCer devouring the once healthy host.

my comment is not specific to the ANC, its a generic statement

if the DA/EFF/FF or any party is in charge, the comment will still be valid

 

[saturnz]

Foreign Aid?

paid for by foreign taxes

 

[epah]

Foreign Aid?

Still tax payer money.

 

[Aghori]

Instead of income tax/VAT, If govt can implement Bank Transaction Tax of 1% or instead sale of any items from shops are taxed at 1%, govt will collect a lot from everyone. Those who not paying will pay also

Yes. Extra tax on food and liquor - call it the BITS, Basic income-grant tax subsidy. People will froth at the mouth then.

 

[AstroTurf]

We should feed the rich to the homeless and the homeless to the poor.

 

[saturnz]

Instead of income tax/VAT, If govt can implement Bank Transaction Tax of 1% or instead sale of any items from shops are taxed at 1%, govt will collect a lot from everyone. Those who not paying will pay also

or better yet, restrict government's intervention in markets and allow private individuals to solve problems through normal free market mechanisms

governments do not solve problems, they create problems

 

[rvZA]

They cannot even generate sufficient taxes to maintain the budget of 2 years ago. Not sure they themselves know where the additional taxes will come from. Another bloody abortion about to happen in the ANC....

 

[PsyWulf]

We should feed the rich to the homeless and the homeless to the poor.

 

[saturnz]

Majority will vote for A....N......C and the downward spiral continues

the majority doesn't vote for the ANC, stop spreading this trope, its been debunked many times over

 

[AstroTurf]

View attachment 1175870

 

[saturnz]

How are they in power since 1994? Who is voting for them then?

that has nothing to do with the issue of majority, you just have to look at the absolute numbers to see that the majority of people in this country do not vote for the ANC

infact... the majority of people in this country do not even vote