New govt plan wants South Africans to pay 12% of their earnings into state-managed fund

MightyQuin

Not amused...
Joined
Oct 6, 2010
Messages
25,726
Here is why:

"Give a man a fish, and you feed him for a day. Teach a man to fish, and you feed him for a lifetime."

I would much better prefer if they use my tax money for skills development, so people can look after themselves and not be dependent on government.
All the government need to do is:

  • Start building hundreds of schools nation wide
  • Allow people to study FOR FREE if they want to become teachers
  • This will create jobs and educate the youth AND school leavers....
  • ...and start building solid foundation for the future.
So, so simple.....
 

zolly

Expert Member
Joined
Sep 1, 2005
Messages
4,472
Also why so much cynicism guys? This is a good thing for society in general. A pension plan, social grants....just like in the UK or any other developed country. Crime goes down as people don't need to turn to crime to buy basics....you know to live ;)

Also it's also a larger contribution from the better earners among us. So it's a bit of wealth distribution to the lowest of society...I mean R585 a month so people and kids don't go hungry. I'm down with that.

It's like complaining that you have to pay more that your car now has to legally come with seat belts! The insanity :eek:

Here's the thing right. Govt is already stealing most of our money. There's no way around that. Look at how municipalities and SOEs have been mysteriously bleeding cash for years.

IF they get to the point where the Auditor General goes "CLEAN AUDITS FOR EVERYONE!!!" and our basic services match the UK or any other developed country, then I'll consider additional taxes like this. Until then, this is just an excuse for the naais in govt to steal more money from us. Just like the NHI.
 

surface

Honorary Master
Joined
Oct 23, 2006
Messages
18,104
I hate to read the green paper or whatever that is but it seems that there is a push for both this. UBI & Pension system. Solidarity & Herman have summed it very well and I don't think there will be any disagreement on those comments.



Solidarity said that South African workers are already overtaxed and tired of paying more taxes for fewer and fewer services.

"Workers in South Africa are tired of seeing their hard-earned money being wasted by the state,” said Dirk Hermann, chief executive officer of Solidarity.

“At best, the state is just inefficient and clumsy, but more often, funds like this and the NHI is simply an excuse for looting and corruption.”

Apart from the new tax proposals, Hermann said the country’s tax rate is already high, and ordinary people have to incur expenses for which they are already taxed.

“On top of that, tax money is still looted at a large scale,” he said.
 

surface

Honorary Master
Joined
Oct 23, 2006
Messages
18,104
Here's the thing right. Govt is already stealing most of our money. There's no way around that. Look at how municipalities and SOEs have been mysteriously bleeding cash for years.

IF they get to the point where the Auditor General goes "CLEAN AUDITS FOR EVERYONE!!!" and our basic services match the UK or any other developed country, then I'll consider additional taxes like this. Until then, this is just an excuse for the naais in govt to steal more money from us. Just like the NHI.
I think Australian government has paid WMC puppet in billions (sorry @TheChamp - royalty cheque in mail) so that they can lure the remaining talent to Perth.

This is not gonna end well for us. Watch this space for more news like this.
 

Brenden_E

Executive Member
Joined
Aug 30, 2006
Messages
7,379
Mate you'd have to be earning R2.3m - R3.45m per year to actually hit that threshold....that's a monthly income of R191 600 - R287 500...and then only pay 8-12% on that. Not really a train smash at pretty much any lifestyle :D
Mate, you don't know my life :ROFL:
 

Corelli

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Jun 20, 2008
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2,121
Why dont we just replace all of home affairs, the licensing dept etc with robots. We can already do that. There is there R200 billion they need.
I think Australian government has paid WMC puppet in billions (sorry @TheChamp - royalty cheque in mail) so that they can lure the remaining talent to Perth.

This is not gonna end well for us. Watch this space for more news like this.
Australia dont care two hoots about taking any more WMC. In matter of fact they would rather take Somalian Refugees/freedom fighters who want to start their own Caliphate then any more WMC
 

surface

Honorary Master
Joined
Oct 23, 2006
Messages
18,104
Why dont we just replace all of home affairs, the licensing dept etc with robots. We can already do that. There is there R200 billion they need.

Australia dont care two hoots about taking any more WMC. In matter of fact they would rather take Somalian Refugees/freedom fighters who want to start their own Caliphate then any more WMC
Caliphate? Pah - They will be soundly defeated by the legions of incredible fighters that moved to Perth over last 26 years.
 

VooDooC

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May 19, 2009
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1,445
Well well well look at Mr. Capitalism over here. ;) To be consistent in your logic remember to better not give the next petrol attendant, car guard or homeless person at the robot any more money. Tell them it's all socialism and that they should get a better paying job. That will teach them

What are you talking about? I already do not give them any money...
 

GhostSixFour

Username approved by US Airforce
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Nov 9, 2009
Messages
15,319
So interesting tidbit. During the pandemic, there was a massive spike in the purchase of luxury goods, like Versaci and Gucci.

It turns out most of the buyers were low-income earners blowing stimulus checks. It was more profitable for them to be unemployed and claim stimulus than it was to work. That also gave rise to the labor crisis that hit the fast-food industry.

There's a labour crisis in ZA? In the fast food industry? Or are you referencing stats from the US? Cause I don't think our stimulus checks were enough for those goods..
 

FaSMaN

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Joined
Mar 24, 2010
Messages
1,848
But you’ll get R7500pm in return. Sounds like a good deal for you.

I highly doubt that knowing our goverment XD either I will narrowly be above the threshold, I wont qualify because it will be BEE based, or all the money will be stolen XD
 

Brenden_E

Executive Member
Joined
Aug 30, 2006
Messages
7,379
There's a labour crisis in ZA? In the fast food industry? Or are you referencing stats from the US? Cause I don't think our stimulus checks were enough for those goods..
I thought it was self-evident, but yes I was referring to the US.
 

BBSA

Honorary Master
Joined
Jul 11, 2005
Messages
17,412
A few years ago Pravin said our high social grants bill was already not substaniable.

Now the comrades want to trippel down :rolleyes:
 

ajan

Senior Member
Joined
Jun 18, 2012
Messages
831
The politicians have the army on their side, so the citizens will definitely win.

images
Too bad SA citizens are massive ****ing p*ssies and let low IQ people rule them
 

ajan

Senior Member
Joined
Jun 18, 2012
Messages
831
Well well well look at Mr. Capitalism over here. ;) To be consistent in your logic remember to better not give the next petrol attendant, car guard or homeless person at the robot any more money. Tell them it's all socialism and that they should get a better paying job. That will teach them
Oh look another one of many commie shills on this forum. For some reason I'm not surprised MyBB is infested with them, must be a 'tech' related thing.
 

Mista_Mobsta

Expert Member
Joined
Jan 22, 2015
Messages
2,442
Also why so much cynicism guys? This is a good thing for society in general. A pension plan, social grants....just like in the UK or any other developed country. Crime goes down as people don't need to turn to crime to buy basics....you know to live ;)

Also it's also a larger contribution from the better earners among us. So it's a bit of wealth distribution to the lowest of society...I mean R585 a month so people and kids don't go hungry. I'm down with that.

It's like complaining that you have to pay more that your car now has to legally come with seat belts! The insanity :eek:
ROFL

You can pay my share then bud
 

ToxicBunny

Oi! Leave me out of this...
Joined
Apr 8, 2006
Messages
99,785
Also why so much cynicism guys? This is a good thing for society in general. A pension plan, social grants....just like in the UK or any other developed country. Crime goes down as people don't need to turn to crime to buy basics....you know to live ;)

Also it's also a larger contribution from the better earners among us. So it's a bit of wealth distribution to the lowest of society...I mean R585 a month so people and kids don't go hungry. I'm down with that.

It's like complaining that you have to pay more that your car now has to legally come with seat belts! The insanity :eek:

Ok so its R585 a month this year, then next year its R1200 because they went on a rampage and and and.

Regardless of that, you're talking of pay many millions of people this R585 per month, from a shrinking overtaxed taxpaying population. Do you not even vaguely see how this is not feasible at all?
 
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