|
mrmitchell
|
|
And when Australia does hit $0B and eliminates all its national debt, it either raises the nontaxable income threshold (from $6,000 to say $8,000 or $10,000 dependant upon how much it can go up) because this will benefit everyone. The rich don't need a tax cut as much as everyone else, but 47% at $95000 wouldn't be hurt by a tiny reduction.
Or if you opt not to go the way of tax cuts, use surplus money to reinvest into the local econonomies of Australia. Things like parks, dams, subsidized housing, job parks, highways, etc.
It might not mean much to the big bad Australian government, but a $2 million park, reserve, roadway, convention center, whatever out there in the wilderness would be great for a tiny Outback town.
Or use it to improve the quality of existing services--raise old-age benefits, build new schools, distribute more money to hospitals, put more cops on the street, etc.
You see, when you're in money then you can have a genuine debate on how to use it for a good cause because you have enough to spend. In USA there was a little of that when we just had a surplus even, but it didn't last long and we're back to reckless spending in mindless areas and cutting necessary services. I don't know how we stay number one sometimes.
|
12-05-2005 08:30
|
|