How the WITS student voting will work

[CruelBreeze]

We did not discuss the effects your proposed tax will have on our struggling economy, but I see you are avoiding it.

Avoiding no chief. Maybe if you or anyone else asked it I would have answered it but the rotten one did, who's opinion matches his name. But since you all insist. I'll answer it.

 

[BBSA]

Avoiding no chief. Maybe if you or anyone else asked it I would have answered it but the rotten one did, who's opinion matches his name. But since you all insist. I'll answer it.

Actually I did:

Sammy, to introduce a new Tax on South Africans is a terrible idea. South Africa is on the brink of a recession, an additional tax will send us into a recession. A recession will cause even more unemployment, less tax and more social grants. This is the last thing we can afford!

Not exaggerating Sammy, an extra tax will send us into a recession. Any economist will tell you that you must reduce taxes when you are in a recession, not increase them.

Not only that, SARS is under collecting at the moment because of the poor economy. Pravin will probably be forced to raise taxes because of the shortfall. An additional tax will send our economy in a downward spiral.

 

[Jola]

Yip, quite clear that SA just can't afford free tertiary education, students will have to borrow money and repay.

And there is NFSAS, which just needs to be run properly. This is Blade's baby, start doing your job !!!

And this entitlement attitude of the students needs to stop.

Decolonising education will make it much cheaper, but then it will be worthless, so that is no good.

 

[CruelBreeze]

Yip, Sammy lost the moment he/she said free education will only require an additional 17-25 billion when the actual figure is more like 50-70 billion.

Actually bro, if you'd read the sources posted you would have realised that KillerX quoted a number on total cost of running higher education. He didn't take into account governments current contribution as well as the current contribution from the private sector. The only additional amount government needs to cover is the student contribution, which is nowhere near 70 billion. Total cost and additional cost are not the same thing.

 

[Idiosyncratic]

Actually bro, if you'd read the sources posted you would have realised that KillerX quoted a number on total cost of running higher education. He didn't take into account governments current contribution as well as the current contribution from the private sector. The only additional amount government needs to cover is the student contribution, which is nowhere near 70 billion. Total cost and additional cost are not the same thing.

Look, even if we only require an additional 17-25 billion - where's that gonna come from? Thin air?

 

[CruelBreeze]

Actually I did:

First one : answered. Second one: repetition of the first one. Third, you weren't talking to me. You were busy kissing each others asses.

 

[BBSA]

Actually bro, if you'd read the sources posted you would have realised that KillerX quoted a number on total cost of running higher education. He didn't take into account governments current contribution as well as the current contribution from the private sector. The only additional amount government needs to cover is the student contribution, which is nowhere near 70 billion. Total cost and additional cost are not the same thing.

No, you are wrong:

National Treasury says it would need to pump an additional R40-billion into the university sector to fund free higher education as demanded by protesting students.

The Deputy Director General for budgeting says the sector already costs about R80-billion a year.

https://www.enca.com/south-africa/free-education-at-hefty-cost-to-all-treasury

 

[CruelBreeze]

Look, even if we only require an additional 17-25 billion - where's that gonna come from? Thin air?

Nawe if you'd read the thread you'd know of the proposed graduate tax, which is where the quoted, 19.5 billion is coming from.

 

[Jola]

Graduate tax is not acceptable, just represents a double payment for many graduates.

 

[BBSA]

First one : answered. Second one: repetition of the first one. Third, you weren't talking to me. You were busy kissing each others asses.

Spin it as you want Sammy, but your tax will have a devastating effect on our economy. BTW, it will not only be 1% as your 19 Billion figure is incorrect.

 

[CruelBreeze]

No, you are wrong:



https://www.enca.com/south-africa/free-education-at-hefty-cost-to-all-treasury

http://www.pwc.co.za/en/higher-education/Funding-public-higher-education-institutions-SA.html

From 2010 to 2012 tuition fees at the 23 public universities in South Africa increased from R 12.2 billion to R 15.5 billion

I'll take an independent source over the people who have to pay any day. Government is being asked to cover student contribution, and that is certainly nowhere near 40 billion.

 

[Vrotappel]

http://www.pwc.co.za/en/higher-education/Funding-public-higher-education-institutions-SA.html




I'll take an independent source over the people who have to pay any day. Government is being asked to cover student contribution, and that is certainly nowhere near 40 billion.

Tic, toc. What about the impact on our economy and our credit rating? Please don't run away to your safe space.

 

[BBSA]

http://www.pwc.co.za/en/higher-education/Funding-public-higher-education-institutions-SA.html




I'll take an independent source over the people who have to pay any day. Government is being asked to cover student contribution, and that is certainly nowhere near 40 billion.

Your figure does not include the funding NSFAS, I have seen many other sources which also put the figure on 40 billion or more.

 

[CruelBreeze]

Tic, toc. What about the impact on our economy and our credit rating? Please don't run away to your safe space.

As stated before, a 1% tax increase won't have the adverse doomsday effects predicted in this thread. Only the rich will feel it. At the lowest end of the taxable segment, it would mean a R58 increase per month while someone earning R2 000 000 would pay an additional R1666 extra. To say that the economy will shrink drastically is misleading. The upper brackets will most likely spend no different than before because they aren't likely to be living salary to salary.

And that second statement is exactly why I don't consider you worthy to engage with.

 

[CruelBreeze]

Your figure does not include the funding NSFAS, I have seen many other sources which also put the figure on 40 billion or more.

Once again that's an amount already being spent. We're talking about additional money that would be needed to fund such an initiative.

 

[CruelBreeze]

Spin it as you want Sammy, but your tax will have a devastating effect on our economy. BTW, it will not only be 1% as your 19 Billion figure is incorrect.

In the other thread I gave you the source of the numbers I used and said do calculation yourself, you refused. The thread is still there, and the post is still there; again you're welcome to grab a calculator.

 

[BBSA]

Once again that's an amount already being spent. We're talking about additional money that would be needed to fund such an initiative.

No, it is not Sammy. The students do not want NSFAS, so now the government will have to step in and do the funding.

 

[BBSA]

In the other thread I gave you the source of the numbers I used and said do calculation yourself, you refused. The thread is still there, and the post is still there; again you're welcome to grab a calculator.

No, the amount needed is about 40 Billion and not 19 Billion so you tax will have even a bigger impact on our economy.

 

[BBSA]

http://www.pwc.co.za/en/higher-education/Funding-public-higher-education-institutions-SA.html




I'll take an independent source over the people who have to pay any day. Government is being asked to cover student contribution, and that is certainly nowhere near 40 billion.

Oh yes, your figure also do not include the 40 TVET colleges.

 

[Vrotappel]

As stated before, a 1% tax increase won't have the adverse doomsday effects predicted in this thread. Only the rich will feel it. At the lowest end of the taxable segment, it would mean a R58 increase per month while someone earning R2 000 000 would pay an additional R1666 extra. To say that the economy will shrink drastically is misleading. The upper brackets will most likely spend no different than before because they aren't likely to be living salary to salary.

And that second statement is exactly why I don't consider you worthy to engage with.

LOL your naivety is precious. We have raised tax rates for all income bands 1% in 2015, what was it's net effect? What happened to our growth the last two years? Why are we teetering on the brink of a downgrade? So many questions so little substance in your answers.