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THe Last Sentry at the Gate 1

To get Australia moving again we need to stimulate demand. Reducing company tax by 1.5% does not stimulate the economy. You have to make a profit before you pay tax. Because of low demand and limited money supply, the problem is that small businesses are losing profitability. You have to create demand by increasing the money supply. People need money to buy goods and services for companies to make a profit and therefore pay tax. Projected company tax receipts for 2015 will exceed $70 billion. Instead of companies paying tax quarterly in advance based on an estimate, we need to let them pay it yearly. If we keep $70 billion in enterprises’ hands for twelve months, we’ll boost this economy; we know they can spend it better than government. Australians will create real demand and massive job growth, and by doing so wipe off our deficit, making our economy stronger. If $70 billion is spent by individual taxpayers during the year, even only once, the government gets 10% GST, more revenue based on more activity and more wealth creation. That way we can have better hospitals, better schools and better service from our government. Why should companies pay their tax quarterly in advance, based “To get Australia “To get Australia moving we need to stimulate demand.” moving we need to stimulate demand.” on an estimate of profits they may never make? Why should the government keep that money in an account? Why shouldn’t it be out there circulating in the economy, creating jobs for you, your family and enterprises? Why shouldn’t we do that? And, as I said, every time that $70 billion is spent, the government gets an extra $7 billion GST. And you know what? At the end of the year they still get the $70 billion as well. If the money circulates just four times before it’s paid to government the government gets an extra $28 billion, plus more group and company tax, and pays out less for unemployment benefits. More hospitals, more schools, a rising living standard; give Australia leadership. Increasing our economy and revenue means we can implement changes to make Australians’ lives better. At the current interest rate of 2%, that change will cost approximately $850 million a year in interest, but generate over $30 billion for the nation without any long-term borrowing. This increase in demand and activity will boost jobs, investment and small business profits. It will stimulate the economy and create more jobs. Spending money makes the world go around, creates wealth and makes the pie bigger for all of us to share. To get Australia moving again we need to stimulate demand. Reducing company tax by 1.5% does not stimulate the economy. You have to make a profit before you pay tax. Because of low demand and limited money supply, the problem is that small businesses are losing profitability. You have to create demand by increasing the money supply. People need money to buy goods and services for companies to make a profit and therefore pay tax. Projected company tax receipts for 2015 will exceed $70 billion. Instead of companies paying tax quarterly in advance based on an estimate, we need to let them pay it yearly. If we keep $70 billion in enterprises’ hands for twelve months, we’ll boost this economy; we know they can spend it better than government. Australians will create real demand and massive job growth, and by doing so wipe off our deficit, making our economy stronger. If $70 billion is spent by individual taxpayers during the year, even only once, the government gets 10% GST, more revenue based on more activity and more wealth creation. That way we can have better hospitals, better schools and better service from our government. Why should companies pay their tax quarterly in advance, based on an estimate of profits they may never make? Why should the government keep that money in an account? Why shouldn’t it be out there circulating in the economy, creating jobs for you, your family and enterprises? Why shouldn’t we do that? And, as I said, every time that $70 billion is spent, the government gets an extra $7 billion GST. And you know what? At the end of the year they still get the $70 billion as well. If the money circulates just four times before it’s paid to government the government gets an extra $28 billion, plus more group and company tax, and pays out less for unemployment benefits. More hospitals, more schools, a rising living standard; give Australia leadership. Increasing our economy and revenue means we can implement changes to make Australians’ lives better. At the current interest rate of 2%, that change will cost approximately $850 million a year in interest, but generate over $30 billion for the nation without any long-term borrowing. This increase in demand and activity will boost jobs, investment and small business profits. It will stimulate the economy and create more jobs. Spending money makes the world go around, creates wealth and makes the pie bigger for all of us to share. To get Australia moving again we need to stimulate demand. Reducing company tax by 1.5% does not stimulate the economy. You have to make a profit before you pay tax. Because of low demand and limited money supply, the problem is that small businesses are losing profitability. You have to create demand by increasing the money supply. People need money to buy goods and services for companies to make a profit and therefore pay tax. Projected company tax receipts for 2015 will exceed $70 billion. Instead of companies paying tax quarterly in advance based on an estimate, we need to let them pay it yearly. If we keep $70 billion in enterprises’ hands for twelve months, we’ll boost this economy; we know they can spend it better than government. Australians will create real demand and massive job growth, and by doing so wipe off our deficit, making our economy stronger. If $70 billion is spent by individual taxpayers during the year, even only once, the government gets 10% GST, more revenue based on more activity and more wealth creation. That way we can have better hospitals, better schools and better service from our government. Why should companies pay their tax quarterly in advance, based At Nambour High School with some of their great students At Nambour High School with some of their great students on an estimate of profits they may never make? Why should the government keep that money in an account? Why shouldn’t it be out there circulating in the economy, creating jobs for you, your family and enterprises? Why shouldn’t we do that? And, as I said, every time that $70 billion is spent, the government gets an extra $7 billion GST. And you know what? At the end of the year they still get the $70 billion as well. If the money circulates just four times before it’s paid to government the government gets an extra $28 billion, plus more group and company tax, and pays out less for unemployment benefits. More hospitals, more schools, a rising living standard; give Australia leadership. Increasing our economy and revenue means we can implement changes to make Australians’ lives better. At the current interest rate of 2%, that change will cost approximately $850 million a year in interest, but generate over $30 billion for the nation without any long-term borrowing. This increase in demand and activity will boost jobs, investment and small business profits. It will stimulate the economy and create more jobs. Spending money makes the world go around, creates wealth and makes the pie bigger for all of us to share. Speaking with servicemen on Anzac Day in Maroochydore Pakistan Resolution Day in Canberra Speaking with servicemen on Anzac Day in Maroochydore Pakistan Resolution Day in Canberra 5 5 The Last Sentry at the Gate: Clive Palmer & the 44th Parliament of Australia 37


THe Last Sentry at the Gate 1
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