Tax the rich… where have I heard that?

April 23, 2015

From Peter Gregory

This week Bill Shorten proposed superannuation tax increases aimed at the rich. He must’ve got the idea from here:

Yes, this is real. It was put up by Britain’s Communist Party for the upcoming UK general election (via The Catallaxy Files via Christopher Snowdon – who has this fantastic new book out).

Hang on, why do British Communists have a shop selling expensive hoodies and t-shirts? Shouldn’t they be giving them away to each according to his needs?

The British Communist Party (and Christine Milne…and Sam Dastyari) should read John Roskam’s piece in The AFR last Friday. It explains what’s wrong with demanding people pay ‘their fair share’ in tax.

They should also read this fantastic speech given by NSW Finance Minister Dominic Perrottet to the Sydney Institute about what happens when other people’s money runs out. (And here is the damning video Dominic refers to in his speech).

But maybe we’re going to need to keep taxing the rich to afford forecasted welfare increases as new research by the IPA’s Dr Mikayla Novak shows:

If you like it when the IPA makes fun of the welfare lobby and journalists then you’ll love Professor Sinclair Davidson’s comments on negative gearing in on Saturday.

Not all new taxes are bad! Dan Hannan argued very persuasively for a voluntary fame tax in CAPX on Monday.

And as I said in this piece in the New Vision newspaper today in Kampala – yep, the one in Uganda – complicated and expensive business regulation is stifling small entrepreneurs in the developing world.

The launch date for the IPA’s Chris Berg’s new book Liberty, Equality & Democracy has been announced! Human Rights Commissioner Tim Wilson will be launching the book on May 5 in Melbourne with our friends at Connor Court Publishing. Admission is free, details and registration here.

Here at Hey we’re not afraid to play the long game. This week WA Premier Colin Barnett announced he was finally chopping WA’s spud tsar – a move we’ve been agitating for since 2012.

To finish off, we’ve got some depressing stuff: families in Wisconsin raided at gunpoint by police for supporting an industrial relations bill.

And we’ve got some funny stuff: the next persecuted minority – how public institutions discriminate against introverts; stuff the Greens take credit for; Hard Rock Cafe forced to pull an ad because it featured a guitar-playing orangutan; and 13 failed predictions that were made on the original Earth Day in 1970 (Earth Day was yesterday – but I’m sure you already knew that).

Here’s what else the IPA said this week:

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