Godongwana playing a dangerous game

[Shaun Jacobs]

Godongwana playing a dangerous game

South Africa’s personal income tax burden has steadily grown in recent years, but with just 6% of taxpayers paying nearly half of all personal income tax, experts warn that this is a dangerous game.

 

[FiestaST]

https://twitter.com/x/status/2025164283420590561

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https://twitter.com/x/status/2025150444809429196

 

[Bad Ballie]

Pity so many otherwise rational people still refuse to accept the writing on the wall when it comes to where this country is undeniably headed.

 

[ghaye]

Well the ANC have run out of runway, other peoples money and excuses. Nowhere to hide, so they will literally try anything now.

 

[Sargeant]

Just a thought, why don't we stop paying the useless public servants increases and bonusses and start getting rid of the bloat. No, we'd rather screw the few people who actually have jobs and contributed to the economy some more.

 

[Bad Ballie]

It's not about refusing to accept anything, It's about having options. Some of us can leave tomorrow.

Unfortunately most people are still in denial, and they are not in the group who have the ability to board a flight out tomorrow.

 

[Kyle15]

Someone needs to explain the Laffer Curve to the finance minister

 

[Johnatan56]

If you ask people living in the UK and US and alot of Europe today, they'll tell you exactly the same thing. "Get out, the ship is sinking!"

Don't have that impression in most of Europe, generally the opposite tbh.

 

[Johnatan56]

Europeans are gloomy about pretty much everything. Who can blame them?

An exclusive survey of 11,000 EU citizens reveals deep pessimism about their countries, the world and Donald Trump.

www.politico.eu

The trouble Europe has is that sentiment is relative to the recent past.
Not sure how long you've been living there, but I'd hazard a guess you're still in honeymoon.
If you've travelled a lot, you quickly realise the grass is just a different shade of green. South Africa is so vast, you can live in any number of vast environments and communities and while working for foreign firms.

Being worried about the future (things like war in the east), and the state of democracy when you see things like Orban and Trump, and the AfD, are not the same as people wanting to leave. And yes, Europeans do not trust Donald Trump, who'd have thought.

Your statement and the source you posted differ.

I've been here for 5 years about, and frequently traveled here, pretty much once or twice a year due to close family. I think I can say I know a few locals.

 

[TrueSeeker]

Yeah... The tax bracket creep has been real in SA for a good number of years now.

I don't think enough people realise exactly how problematic it has been. And I don't think the fiscus is truly benefiting from it either. Artificially downgrading spending power like that has a systemic negative effect on real growth, and we're far from anything that can be considered a sweet spot. So it becomes self-perpetuating instead of an emergency stop-gap. It can't become the new normal into perpetuity - We'll choke eventually.

 

[Johnatan56]

2023 saw a massive increase of 25% of Europeans emigrating to non-European countries.

Oh no, 25% increase to 1.5m of 450m people or 0.3%, with nothing said about reasons (like migrating to the US or Switzerland due to jobs).

Do note it should jump again as e.g. Germany starts ending Syrian's asylum applications.

 

[Johnatan56]

25% is a significant jump. Now with Russia and the US making all the wrong noises, I wouldn't want to be in Europe for the next decade.

It's a "significant" one as 25%, not as a figure as a whole, it basically follows the population trend if you look at 2020-2021, 2022 it was down.

 

[Bad Ballie]

2023 saw a massive increase of 25% of Europeans emigrating to non-European countries.

Can't blame them, Europe will return to it's caliphate roots in the near future. The world has changed and not for the better.