PROBLEM-SOLVING

PROBLEM 1: Economy flagging, burdened by more than 120 taxes which cascade throughout the Australian economy and are passed on in prices.

PROBLEM 2: Unaffordable housing, requiring both husband and wife to work and to go into unsustainable debt (with big mortgages).

SOLUTION (TO PROBLEMS 1 and 2): Introduce the reforms of Australia’s Future Tax System (“The Henry Tax Review”) which would abolish 120 taxes and derive more revenue from economic rents (including an all-in land tax to keep a lid on escalating land prices) which, unable to be passed on in prices, would greatly assist Australian productivity.

Which part of thisĀ are our politicians unable to understand?