“It is quite fantastic in this democracy that we are getting some coverage for the Fair Go Manifesto. Of course there has been plenty of positive coverage, but it is also wonderful that I am getting some quite negative coverage. I really like the article by Judith Sloan “Dick Smith’s Manifesto flies in the face of sound economic policy” and also her suggestion that I should retire – “Maybe it’s time for his complete retirement after this reckless and zany contribution to public discussion.”
Judith supports the fact – as many of the wealthy do – that if the tax increased they would all leave Australia and go and live somewhere else. I would suggest Bangladesh as the tax is only 20% there. By the way, this is the greatest con of all time. It has been used to constantly reduce tax on the wealthy, but the number that would go overseas to a low tax regime is very small, and my view would be good riddance – it would give lots of young Australians the chance to start their own business and make their own fortune.
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