Taxes are not donations to government. It is a transaction between the taxpayer and government. The taxpayer buys services such as protection, social stability, quality education and healthcare, and an efficient criminal justice system. It is clear that the taxpayer does not get what he pays for. This is not the taxpayer who is non-compliant but it is government who broke the social contract.
Taxpayers are enabling this criminal government to continue with the looting. Similar to parents who cut off the funding to the drug addicted child, only a tax revolt will stop the addicts in Luthuli House from looting. We have to stop enabling criminal behavior and we should cut off their funding.
Outa should put in place a legal alternative to SARS, presided over by judges, leaders from the faith community and business leaders. SARS has been captured. All money paid to SARS goes straight to the Zupta clan.
Robert. Because you 'outed' yourself as a racist, a bigot and an anti semite in and article concerning the attorneys Bobroff in the last week, you no longer have any credibility left to give supposed learned opinions on what is happening in South Africa, so its would be appreciated if you chose some other direction until you have explained your indiscretions and stance. Until then your posts will not get responses from the people you offended.
You were requested to look into a mirror, face yourself, smile and sincerely say Scum. Did You?
PEOPLE OF MEANS in SA are actually double taxed because the taxes are not well spent on :
Education Health Security Public transport to name a few .
Civilised countries provide these and other services almost free or for a nominal charge.
Our taxes are largely wasted by incompetent government and soe's .
No matter how much tax is raised it will never be enough.
Let's start with the fact that tax is necessary as many services that could be delivered could be more efficiently applied. Such services as education, roads, street lighting etc. Thus is the purpose of tax. However the government has chosen to overlook these obvious matters and want to use tax money to fill holes created by their incompetence, corruption and a unnecessary over bloated size !! This in my view is what will cause the tax revolt. People are fed up by incompetence, corruption and the view that some how if you are in government you have access to the government purse to use as you feel fit. This has to stop!
US has massive amounts of debt and it's no secret that they are struggling to fund it. Have to resort to accusing other countries of currency manipulation etc.. Debt to GDP ratios have been spiraling out of control for a while now. Sure compared to some countries, US might be "relatively normal", but that doesn't mean it has a healthy amount of debt.
And Piketty is a fool who cannot even apply context to his research. It's like me saying we should have a common monetary union in Sub Saharan Africa, and don't worry about drafting the policies, we'll just use the EU's... Kiff critical thinking.
The real issue here, Robert, is that there is massive corruption, maladministration, and pure idiocy in government and instead of actually trying to do something honest and address these issues, government/ANC/Zuma is just trying to squeeze the taxpayer more. The fact that you still refuse to acknowledge this as the main problem and instead choose to punt the "charge taxpayers more" rhetoric leads one to suspect you are a Zupta puppet... Are you?
And charge more on inheritance tax? So people who have worked hard their whole life and want to leave some security for their children must be punished? One must be punished for being financially responsible? Why? That is some flawed logic..
Or are you just trolling today?
I would say that there is a moral obligation on the taxpayer to pay as little tax as legally possible as current taxes are being used to fund criminal behaviour. Therefore by paying taxes you are indirectly funding criminality and immorality.
We are doomed by this incompetent Government, methinks!
''When you see that trading is done, not by consent, but by compulsion - when you see that in order to produce, you need to obtain permission from men who produce nothing - when you see that money is flowing to those who deal, not in goods, but in favors - when you see that men get richer by graft and by pull than by work, and your laws don't protect you against them, but protect them against you - when you see corruption being rewarded and honesty becoming a self-sacrifice - you may know that your society is doomed''
You know I deal with the average South African's money situations daily. They pay HUGE interest to the banks on their HOUSE (1st five years ALL interest) Car & Credit cards. All I see is some brokers selling them retirement annuities, funeral policies and MORE LIFE COVER! So the answer must be, if you want money DIE or Retire, That's what you are buying. When you take your debt interest and add inflation there is a VERY GOOD chance you are not going forward with your investment interest.Ever have the feeling like you are not getting ahead in life financially? Do you know why? You're probably not. Financing a car every 5 or 6 years costs you 2 million Rand out of your future. Nice car ?? Do you have your first million yet?
Very clearly stated by Pravi Gordhan and Mcebesi Jonas as reported by Ryk.
I'd go further and say that the 'world' wants SA to succeed. The 'world' is desperate for success stories from Africa. We will be treated more favourably than most other countries if only we behave well. Let's help others to be kind to us by behaving decently.
Banks have not beat inflation in over 20 years! They are not "savvy" they are a loss. You cook the inflation number and expect people to believe it. I Quote and article by your competitor"core inflation which strips out Food, Petrol & Electricity!"
Why do you save @ 5% and pay a bond @ 9%? Car @ 14% Credit cards @ 19% ???????????????????????????????????????
Thanks Hilton for pointing out what may not be so obvious to many. Telkom was my first foray into shares, and every single day I am thankful I got myself into it. I have owned them since, with no intention to sell soon, not even in retirement! Sipho and his team have done an enviable job with Telkom as a result of which all of us, owners are smiling all the way. It is fair to pay what is fair to Directors and their teams, and I for one am not complaining with the current package. Thanks to all at Telkom and to customers especially.
all I know about PG is that is the major cause of increase yr state debt - now looking to play the part of an "Uncle Tom"!
"Uncle Tom: a black person who is eager to win the approval of white people and willing to cooperate with them"