Markets & Justice

Markets & Justice
Freely operating markets yield a just outcome?

White Australia Has A Black History

White Australia Has A Black History
Showing posts with label Corporate Tax. Show all posts
Showing posts with label Corporate Tax. Show all posts

Monday, 8 February 2016

"Hit the poor and do the right thing by the rich - rather than a progressive tax system based one one's ability to pay and having a proper safety net based on dignity and need"

This post may reference the USA and the Republic Party there, but to many people it seems to also apply to conservative parties in Australia where there are welfare state provisions for corporations and wealthy individuals and families at the same time as assistance is being wound back or unfunded/defunded for public education, people with disabilities, public transport, Medicare, and other social goods and needs.

And to this post came a response from Mike Reynolds.

 That's a great and very relevant question. Their philosophies is to cut individual and family welfare but assist highly paid CEO's and corporations to pay little tax. It's all about a regressive tax system, hit the poor and do the right thing by the rich, rather than a progressive tax system based on one's ability to pay and having a proper safety net based on dignity and need.

Thursday, 17 December 2015

Tuesday, 28 April 2015

Pope Francis takes aim at capitalism as "a new tyranny"

Pope Francis has taken aim at capitalism as "a new tyranny" and is urging world leaders to step up their efforts against poverty and inequality, saying "thou shall not kill" the economy. Francis calls on rich people to share their wealth.

The existing financial system that fuels the unequal distribution of wealth and violence must be changed, the Pope warned.

"How can it be that it is not a news item when an elderly homeless person dies of exposure, but it is news when the stock market loses two points?" Pope Francis asked an audience at the Vatican.

The global economic crisis, which has gripped much of Europe and America, has the Pope asking how countries can function, or realize their full economic potential, if they are weighed down by the debts of capitalism.

 “A new tyranny is thus born, invisible and often virtual, which unilaterally and relentlessly imposes its own laws and rules,” the 84-page document, known as an apostolic exhortation, said.

"To all this we can add widespread corruption and self-serving tax evasion, which has taken on worldwide dimensions. The thirst for power and possessions knows no limits", the pope’s document says.

He goes on to explain that in this system, which tends to devour everything which stands in the way of increased profits, whatever is fragile, like the environment, is defenseless before the interests of a deified market, which has become the only rule we live by.
For more please read here