Higher taxes for the rich

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warchylde

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I find it very entertaining how they keep talking about communistic/socialistic policies yet say it's for the benefit of the democracy. I would really like to know what kind of qualifications the minister mentioned in the article has to make the claims that she does.

What do you guys think? Worth beating this dead old cow? What do you think the consequences of raising the taxes for the "rich" will be?

http://www.timeslive.co.za/politics/2011/07/21/higher-taxes-for-the-rich-needed-minister
 
Just saw this now too.
How will they decide who is "rich" and should be taxed more?
Will everyone that is "rich" be subject to these higher taxes or only a select few that dont have friends in government?

I wonder how much more taxes they can beat out of the SA public.
 
Uhm, socialistic policies doesn't do anything to make a country less democratic. The happiest democracies are mostly socialistic so don't get confused between the two.

But yes, I don't think this will work. We need the rich to invest in stuff in South Africa, but the people affected will probably get used to it and just go on with what they are doing.
 
phoneJunky said:
Uhm, socialistic policies doesn't do anything to make a country less democratic. The happiest democracies are mostly socialistic so don't get confused between the two.
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Well, I'm glad there are some people in the world who are happy getting ripped off. I'm not one of them.
 
Those who can, will take their business elsewhere and funnel as much money as possible out of the country. The use of tax loopholes will increase. The poor won't benefit from it.

Raising taxes doesn't mean jack. Taxes need to be paid, people need to be willing to pay taxes. But with the way tax money is being wasted and misappropriated, there's a fat chance of that happening.
 
Well since the village idiot is Poor and credit worthy i think most of us can be excluded.
 
Question is, when will it be enough?
Thats the problem with a social society. We see it year on year, WE WANT MORE!

I just wonder where does she come up with this idea, maybe it was a brain storm that hit her. Maybe they had brain storming sessions.
Otherwise, if they did their reseach, they would realise that socialism does not work.
 
rainynight65 said:
Those who can, will take their business elsewhere and funnel as much money as possible out of the country. The use of tax loopholes will increase. The poor won't benefit from it.

Raising taxes doesn't mean jack. Taxes need to be paid, people need to be willing to pay taxes. But with the way tax money is being wasted and misappropriated, there's a fat chance of that happening.
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True. knowing what we know now I think most people will never complain if all tax mone were spent on the poor and for what it was supposed for. ( Note that if we know what we know now.)
 
Eventually the middle class will be taxed so much they won't be interested in working any-more.
 
Once on the slippery slope it never stops.....
 
I guess to talk is cheap. The real deal is to define who is the rich. I think they should start with the fat cat ministers first who get salaries without performing.
 
WilD_CaT said:
Nonsense.

http://www.youtube.com/watch?v=v1U1Jzdghjk&feature=player_embedded

Sorry just not true. Care to back up your statement with anything considering the above video.
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http://www.forbes.com/2011/01/19/no...ness-washington-world-happiest-countries.html

Didn't watch the video, will tonight, but here are a list of the worlds happiest countries.

What else? They are all borderline socialist states, with generous welfare benefits and lots of redistribution of wealth. Yet they don't let that socialism cross the line into autocracy. Civil liberties are abundant (consider decriminalized drugs and prostitution in the Netherlands). There are few restrictions on the flow of capital or of labor. Legatum's scholars point out that Denmark, for example, has little job protection, but generous unemployment benefits. So business owners can keep the right number of workers, while workers can have a safety net while they muck around looking for that fulfilling job.
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I have never been there so I won't know, it is just a survey that Forbes reported on.
 
xrapidx said:
Eventually the middle class will be taxed so much they won't be interested in working any-more.
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But that's what I meant - the middle class is becoming so small and the burden it has to carry due to the extreme unemployment (which has actually been blamed for good reason on the gov of the day) this will simply cripple people already struggling.

I see people buying blankets instead of heaters (to save just electricity), driving scooters to work instead of the trusty vdub (again to save). When will we draw the line and how will we do it?

Once the funds from the middle class is depleted what then? Another Nigeria, Congo?
 
Recently returned from Berlin. Waiters and street cleaners start off at 1500 euro p/m, engineers & doctors start off at 2500 euro p/m. Everyone gets taxed to bits, (50-60% is not uncommon, all of it mandatory). It's usually the same ones who complain about the "exorbitant" taxes in SA that always talk about relocating to Germany, England, etc.

Greedy teabaggers will always complain :)
 
UnUnOctium said:
Recently returned from Berlin. Waiters and street cleaners start off at 1500 euro p/m, engineers & doctors start off at 2500 euro p/m. Everyone gets taxed to bits, (50-60% is not uncommon, all of it mandatory). It's usually the same ones who complain about the "exorbitant" taxes in SA that always talk about relocating to Germany, England, etc.

Greedy teabaggers will always complain :)
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Yeah...

But what do you get for your 50% tax... vs our 40%?
 
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