No fight, I like a good discussion.
Wot? You want Swedish tax rates for Australia?
Taxation in Sweden - Wikipedia, the free encyclopedia
The value added tax (mervärdesskatt or moms) rate in Sweden is 25%
from a pay check of "100", 63.42/131.42 (i.e. 48.3%) is paid as taxes
See, Sweden had a lot of taxes and a lot of social services. They had a lot of cutting they could do. Applying to same to Australia could well cut taxes and services to American levels; i.e.: unsustainable.
You can't keep cutting these things every time things go bad, you'll have nothing left eventually as voters don't allow you to increase taxes in good times.
Not true, 2.77% ten years ago and 3.42% last year and over 1.5% this first qtr.
So almost half, but the trend is down:
http://www.rba.gov.au/monetary-polic...n-long-run.gif
Are you sure, go to ITSA and have a look, from the 08 crash 8564, 8427, 8052 and so far this year 6734 which annualised is a record 8979
Are we looking at the same figures in the same way? When I look at the quarterly statistics, the last quarter was the first on with a slight positive change; the two years before that saw a drop.
Murdoch press.... who on earth are they?
The ones the majority of the voters read or consume via the "news" on commercial television.
A lot of people are in work, almost more than ever, on very good wages and falling mortgage rates on their homes. The problem with the economy is not taxation levels, it's consumer confidence. If you are constantly being told how bad things are and that you will lose your job soon, would you go out and buy stuff?
(Australians mostly only investing in non-productive assets like homes doesn't help either.)