Sunday, May 23, 2010

A perfect solution for a perfect world

McCarten's response to the budget is par for the course.
In his world, the perfect solution to everything lies in collecting more tax.
So that a bloated government can divvy up the proceeds to make everyone a pretend winner.

Of course in the long term this is an unsustainable idea. There isn't enough real profit that can be taxed.
Western countries, including us, may well have already reached peak wealth.
This might be as good as it gets.

As a whole we are now resorting to borrowing and printing to bail out, firstly private individuals through welfare, then private companies and finally countries. This has far more to do with wealth destruction.

Matt's view that everyone is somehow entitled to some magical, endless income is absurd. The world doesn't work like that. Just ask the typical man on the street in somewhere like Nairobi.

McCarten blames the rich people when all they are guilty of is hard work, bright ideas, commonsense, ability and the basic desire to improve their lot.

The real solution is for us to cut our cloth to reflect our circumstances.
And that is what annoyed me most about the last budget.

Key is taking a huge punt on our circumstances improving. Pretending to be a jolly Father Christmas, knowing he's only got a half full sack and hoping like hell that more toys will miraculously appear.

The real criminal is not the rich prick, but the bloated government who has assumed the role of being everything to everybody. The truth is that they only excel at two things - reproducing bigger versions of themselves and spending money badly.
It's time for Father Christmas to downsize his sled.

When a budget outlines a serious proposal to limit government to what we can actually afford then I will be happy. That way we still might have a chance to have a say in our destiny.

Better we do it in an orderly manner over the next few years, than wake up one day and find it being done for us.

That day will come somehow. It might be the IMF telling us to slash and burn or the day we read in the papers that China now owns half of our dairy production. (Business models for primary production in the future will not care for rates of return but only for control.)

I look forward to McCarten's perfect spin when that day arrives.


Anonymous said...

. (Business models for primary production in the future will not care for rates of return but only for control.)

Not just primary production. One just needs to look at Aussie to see what is going to happen if Cruddy manages to install his 40% super tax on the miners. They will be so disadvantaged that they are already having issues with new capital and so the answer will be to sell to the Chinese who, are very happy to run the local mine at a minimum profit or indeed a loss so long as they have a secure supply of minerals. Indeed it has been pointed out that they can and will do that and will sock the Aussie tax payer for recovery of their losses in Aussie through the various tax rebate schemes.
Socialists should never ever have govt.

Anonymous said...

The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance."
- Cicero, 55 BC