We need a Royal Commission into tax evasion by the super rich and corporations in Australia. A bright light needs to be shone into the dark corners of their schemes which steal money from the rest of us. We pay our fair share of tax, so should they. Yet they have elaborate schemes to avoid it and lecture us on cutting wages and working harder. The rich are not inclined to be morally upright. They are more likely than the poor to steal candies from a baby (there are studies to show this). Nevertheless they have few inhibitions about telling the masses what is wrong with society. This was best illustrated in 2012 when Australias wealthiest woman, Gina Rinehart, famously told Australians that they needed to work harder to compete with Africans who would labour for less than $2 a day. The economic commentators who lecture us most frequently in the media come from the consultancies, banks and accounting firms that arrange the affairs of the rich to maximise profits and minimise tax. Repeatedly they tell us that we must raise productivity and grow the economic cake, but rarely do they raise the issue of wealth distribution, never mind the ethics of tax evasion and avoidance.
Posted on: Sun, 04 Jan 2015 04:40:52 +0000