#21 ·
Gregory Williams7 said:Every single levy they pile onto the economy acts as a direct stranglehold on productivity. If you impose a 4% burden on businesses, you are effectively stifling economic activity by 4%. A 1% hike in sales tax translates directly to a 1% suppression of consumer spending.
I am certain the Federal Government cannot afford to allow this under current conditions. The issue isn't capability; it is simply a lack of awareness.
Let's be real here—these hikes aren't going to break the back of the economy. Things will get tougher, sure, but a tax hike isn't what keeps an employer up at night; it's the employee who ends up feeling the squeeze.
The real kicker is that this extortion won't even fill the coffers. We're still going to be staring at a massive hole, wondering where to find $10 billion just to keep the lights on this year—especially since these proposed measures might only bring in a measly $1 or $2 billion. It's pathetic...
And yet, the government refuses to touch the bloated public sector.....