Are Key's tax changes for better or for worse?

Steven "Is Chris is a fascist!" No, I tend to stay away from the extreme, not to far off though.

Is Chris is a facist!

there's people in my town on the the sickness benifit for being hooked on drink and pot, they tell me they get paid well for that,,haha- they said if they give up the odd puff and beer they wouldn't get the benifit and have to go back to work!! this is what's happened to alot of our dole bluggers..

spikey - I have yet to see someone on the sickness benefit who couldn't work. They figure a way to live off the govt, and take advantage of it. If it wasn't for these dirty, lazy beneficiaries the top tax rate might not be so incredibly high.

Chris, you really are stupid. No excuse to be on a benefit you said. Would you let those who are invalids starve along with those who are unable to find work. You probably would. You are truly morally bankrupt.

Gavin - Why should the govt subsidise people who choose to be poor? Putting up GST is good, as it increases the disincentive on consumption and incentives saving investment. We need to reduce consumption and increase savings and investments.

This whole tax thing will make things much worse for the poor and low income earners,,,a giant step backward - - frankly typical of a National party.

How would we know? There are no details, no confirmation, and no committment indicated!!!

P.S Barry - You ought to be the PM's financial advisor - Your suggestions make such alot of sense!

Barry Taylor, I agree that a small transaction tax is a better option than GST. I do believe that when the govt introduced it they were informed that a transaction tax would be better than GST. I still believe that we need to rewrite our tax laws and adopt radical change, and adopt something along the lines of Garth Morgans proposal. Low income people would definitely love GM's proposal, as I believe that people wouldn't effectively be paying tax until their income was 40,000. Plus middle and high income would like the flat 25% tax rate, no matter how high their income is.

Concerning the tax system, I am of the opinion that we should make the first $15K - $20K tax free, stop tax on bank accounts, greatly reduce all tax rates while retaining a graduated tax rate, abolish G.S.T. and introduce a transaction tax of .5 - 1 %. G.S.T. is open to rorting and the very wealthy employ accountants to structure affairs so that they can actually make claims rather than pay.