Australias tax system takes from the young to give to the old

[peetoo]

“Criminally” undertaxed is an exaggeration.

We don’t pay the same Stamp Duty rates and VAT/GST rates as somewhere like the UK. But that’s not exactly a bastion of housing affordability is it? They are going through almost a complete collapse of housing affordability, even worse than ours.

We pay far more tax than US states though on a typical property development or investment property transfer through.

You are completely ignoring our other tax classes, where we are among the highest in the world.

It’s sobering to think we ‘followed’ the UK in the eighties. The Kennett govt even getting UK mandarins to show us how to privatise etc?
UK is now re nationalising it’s rail. Maybe we should not wait and do some re nationalising ourselves.

Dutton with public funded nuclear power seems to be ahead of the curve?`

 

[Sphynx]

It’s sobering to think we ‘followed’ the UK in the eighties. The Kennett govt even getting UK mandarins to show us how to privatise etc?
UK is now re nationalising it’s rail. Maybe we should not wait and do some re nationalising ourselves.

Dutton with public funded nuclear power seems to be ahead of the curve?`

The UK rail network is probably their most critical transport mode and it was made up of a large number of different providers.

Think of all the different Australian metro city train operators, but then overlap them in interconnecting services and stations throughout towns, villages, cities etc.

Most of the nationilsation in this aspect is due to poor performance and constant delays/cancellations, not just managing the massive price rises going on over there.

Do we have a comparative industry with the same level of dissatisfaction of both performance and rising costs outstripping inflation?