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January 2011
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My interview Razor Sharp 18 February
Me interviewed by Sharon Firebrace on Razor Sharp on Tuesday 18 February. http://sharonfirebrace.files.wordpress.com/2014/02/18-2-14-john-passant-aust-national-university-g20-meeting-age-of-enttilement-engineers-attack-of-austerity-hardship-on-civilians.mp3 (0)

My interview Razor Sharp 11 February 2014
Me interviewed by Sharon Firebrace on Razor Sharp this morning. The Royal Commission, car industry and age of entitlement get a lot of the coverage. http://sharonfirebrace.com/2014/02/11/john-passant-aust-national-university-canberra-2/ (0)

Razor Sharp 4 February 2014
Me on 4 February 2014 on Razor Sharp with Sharon Firebrace. http://sharonfirebrace.files.wordpress.com/2014/02/4-2-14-john-passant-aust-national-university-canberra-end-of-the-age-of-entitlement-for-the-needy-but-pandering-to-the-lusts-of-the-greedy.mp3 (0)

Time for a House Un-Australian Activities Committee?
Tony Abbott thinks the Australian Broadcasting Corporation is Un-Australian. I am looking forward to his government setting up the House Un-Australian Activities Committee. (1)

Make Gina Rinehart work for her dole
(0)

Sick kids and paying upfront

(0)

Save Medicare

Demonstrate in defence of Medicare at Sydney Town Hall 1 pm Saturday 4 January (0)

Me on Razor Sharp this morning
Me interviewed by Sharon Firebrace this morning for Razor Sharp. It happens every Tuesday. http://sharonfirebrace.com/2013/12/03/john-passant-australian-national-university-8/ (0)

I am not surprised
I think we are being unfair to this Abbott ‘no surprises’ Government. I am not surprised. (0)

Send Barnaby to Indonesia
It is a pity that Barnaby Joyce, a man of tact, diplomacy, nuance and subtlety, isn’t going to Indonesia to fix things up. I know I am disappointed that Barnaby is missing out on this great opportunity, and I am sure the Indonesians feel the same way. [Sarcasm alert.] (0)

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No to a flood levy: yes to a super profits tax

So Julia Gillard has floated the idea of a temporary flood levy – an income tax on workers – to pay for the cost of reconstruction after the floods across Australia.

The Labor Government wants us to pay for the damage the bosses’ system has inflicted on us. This damage is not just from bad planning in the name of profit; it is also caused by the extreme weather events their climate change is creating and the retribution it is wreaking on workers and others.

Why not tax the almost 50 percent of big business who pay no income tax?

This is the Government which watered down its resource super profits tax to cover just a few minerals and far fewer companies and lost billions in revenue as a consequence. The latest non-government estimates put the lost revenue from the back down at almost $20 billion – the difference between a possible $25 billion under the Resource Super Profits Tax and $5 billion under the Minerals Resource Rent Tax.

But why limit a rent tax to minerals? Super profits arise because of monopoly or oligopoly. Why not tax the super profits of the banks, the supermarkets, the insurance companies, the utilities?

It is money for jam. Taxing super profits doesn’t impact on investment decisions or jobs. Because it is an above average return the investment will occur, either by those already undertaking in the field or by others wanting the extra return.

As that well known revolutionary economist and head of Treasury Ken Henry pointed out many of these super profits are location specific. They can’t flee offshore.

Of course these companies will try to increase prices to recoup the profit loss. Stop them if the impact is going to be to reduce our living standards. Impose price controls on them and increase our wages to compensate.

Labor could tax the super profits of big business to pay for the costs of the flood reconstruction, with plenty left over for better public health, education and transport. Why do they want to tax us instead?

Because Labor’s priority is profit, not people.

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Comments

Comment from Doug Bell
Time January 24, 2011 at 2:59 pm

All companies pay the legislated determined tax requirement and carefully monitored by the Government ATO Tax Office. Lest you also forget Banks, Insurance, Resource and Industrial companies are businesses where your compulsary super is invested. Less profit less final retirement super more tax more Government expendure., if your happy with how it is now spent.

Comment from billie
Time January 24, 2011 at 3:06 pm

What will the Queensland government rebuild first with the donations to the flood appeal?

– flooded houses
– roads to residential Brisbane and Lockyer Valley farms
– payments to flooded businesses
– railways for the coal trains – weren’t they privatised in November
– subsidies to pump mines out into flooded river systems

Comment from james nicol
Time January 25, 2011 at 9:11 am

The problem with a tax, levy,charge is that it seems to become a permanent contribution and will be very hard to erase/.Let’s halt the
NBN and contributions given readlly overseas to countries who despise our way of life. It would not surprise me if the Labor party was to assist Switzerland build a new skiing resort

Pingback from En Passant » The flood levy isn’t progressive
Time January 27, 2011 at 8:35 pm

[…] Readers might also like to look at No to a flood levy; yes to a super profits tax. […]

Comment from Mike
Time January 28, 2011 at 12:41 pm

Yes, lets punish those tall poppies in Australia that think its ok to use their education and smarts, hard work and effort, those despicable people who made themselves by their own effort richer than the rest of us. As if being smart, educated and hardworking gives them the right to earn more than those that don’t!

we need to tax and levy these people so that we are all on an even playing field and equally poor!

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