Community Discussions
Explore the latest discussions and community conversations related to this domain.
Australia needs super profits tax to fund social and affordable homes, construction union says
Main Post: Australia needs super profits tax to fund social and affordable homes, construction union says
Top Comment:
We don’t need social housing - we need PUBLIC housing.
Jamie Oliver: Sugar tax could fund school meals
Main Post: Jamie Oliver: Sugar tax could fund school meals
Top Comment:
No, Jamie, that's not how sin taxes work for fuck's sake.
Sin taxes are not revenue-generating taxes. Rather, they're to discourage behaviours and are specifically designed, if successful, to generate little to no revenue because they've dissuaded the behaviour that's being taxed!
So if that's the case, why are you suggesting we fund something from a tax that's literally designed to see dropping revenue from that tax? Sweden learned this the hard way in the 80's by bringing in an FTT (another "sin tax") and selling the idea that it'd generate SEK 1,500m a year, when in reality it was barely SEK 50m on average which was lower than the loss of other revenues from the taxed activity.
Tax Help
Main Post: Tax Help
Tax Help
Main Post: Tax Help