by Andrew Mackinnon
Thanks a lot for reminding me of the machinations of the Labor Party. Since I share your contempt for the Labor Party and since this website posts comments made in good faith without censoring them like the mainstream media, it’s my great pleasure to share my perspective on your comment.
The Labor Party is enthusiastic about progressive income taxation when a flat rate of 20% on all income above the tax free threshold is what would be fair. Who wants to work more than one day out of five to support the needs of the nation via taxation? It’s not necessary.
(What is the purpose of progressive income taxation? It’s to maximise income taxation revenue. Why? The official reason is so that the money can be given to those with less via old age pensions and unemployment benefits (ie. Newstart). However, this can’t be the real reason because the old age pension in Australia is barely adequate and Newstart allowance is much less than adequate. So, what’s the real reason? It’s to fund government spending that funnels super profits to the private entities that the government pays to deliver its projects. An example is $50 billion to French entities for submarines. A huge percentage of that figure is gratuitous super profit – money for nothing. That super profit is paid for out of the income taxes of Australian citizens.
If the government doesn’t have enough income tax revenue to fund largesse like this, it doesn’t let that stop it from pursuing this scam that transfers wealth out of the public purse to private entities. It borrows money by issuing government bonds in order to fund its spending on projects so that the private entities delivering the project can receive their super profits and thereby increases this transfer of wealth. Now, taxpayers are not only on the hook for repaying the cost of the project out of future income taxes to the bondholders who lent the money to the government, they’re on the hook for paying the bondholders a yield of something like 5% per annum on the money that the bondholders have lent to the government. The government’s enthusiasm for increasing debt by issuing bonds is deliberate. Wealthy entities are keen to earn a guaranteed 5% yield on their wealth by lending to the government and the government is keen to make it happen by borrowing (for projects that transfer super profits to the private entities delivering the projects) because the government has been hijacked by traitors who are committed to making this transfer of wealth from the public to the private purse happen.
I know that the Liberal Party is famous for this financially traitorous behaviour and that the Liberal Party is responsible for the example above of $50 billion for submarines, however, the Labor Party does this also. The same principle applies.)
The Labor Party introduced capital gains tax in the 1980s which should be abolished. Capital gains tax is in direct opposition to property rights. If somebody saves up some money and then invests it in shares (or anything for that matter), they quite obviously don’t have full property rights to it because if they later sell it for more than they paid for it, the government wants a cut of the gain via capital gains tax. If they had full property rights to it, they could sell it and keep the full amount they receive for it without paying any capital gains tax.
The Labor Party introduced compulsory superannuation in the 1990s, which has resulted in a significant percentage (eg. 9.5/109.5 x 100% = 8.7%) of citizens income being compulsorily confiscated week after week after week. Employers don’t pay employees superannuation as a gift. Employees earn it via their work. The fact that employees endure this loss of what is their property – income that they’ve worked for, is more evidence of the Labor Party’s animosity and hostility towards property rights. Such hostility towards property rights is one of the ten planks of communism. Property rights is a biblical concept and is a foundation stone of western societies.
Regarding taking over private land like farming land, I have negligible expertise regarding agriculture, however my guess is that Labor’s enthusiasm for “vegetation management” laws is all about its animosity towards Anglo-Saxon farmers. My guess is that it’s not that Labor isn’t interested in agriculture. I think the problem for Australia is that Labor is hostile towards farmers of Anglo-Saxon ancestry – likewise the Liberal Party. My guess is that it intends to drive Anglo-Saxon farmers out of business via vegetation management laws so that it can obtain their land and then sell the land to China so that the Chinese can farm it. Why China? Because that’s who the Australian government has been selling a lot of land to. Why China? Because communism in China was establish by Jews – it’s not common knowledge, just like communism in Russia was established by Jews – also not common knowledge. With the United States and Australia both similarly under the thumb of Jewish rule, who has their manufacturing, land and who knows what else been sold out to? China.