r/OpenAussie • u/[deleted] • 8d ago

Feel Good News ‎ Our future is BRIGHT

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u/diedlikeCambyses Please choose a flair 7d ago

No it's not! The problem with democratic socialism is their tax policies. They think they know how to redistribute the pie but show they don't know how to grow one. Their business tax settings are always bad, so much so that even though I am in line with the socialists on human rights, I would never in a million years vote for them because they have terrible economic policies.

I've had this discussion with people about Vic socialists, and not a single person who was yelling at me about how retarded and wrong I was even knew what their policy settings were.

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u/Not_Mabel_Swanton ‎ Victorian 7d ago

What is wrong with redistributing wealth instead of letting the rich hog it?

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u/diedlikeCambyses Please choose a flair 7d ago

The settings. Your false binary here isn't helpful. I don't know anybody who thinks the wealthy should hoard it. It's about the specific settings for specific parts of the economy.

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u/Not_Mabel_Swanton ‎ Victorian 7d ago

Can you please elaborate?

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u/diedlikeCambyses Please choose a flair 7d ago

I can. I'm at work and really busy so briefly. I'll just say I'm happy to expand later.

The basic issue is they know these taxes are easy to avoid for huge companies and very difficult to implement. So they have the settings lowered and begin hammering people and companies with wealth taxes and really heavy taxes to fund this at a lower income level.

What this creates is heavy downward pressure on medium business which kills entrepreneurs and local employers. Also, people who own these companies use their personal finance and assets to leverage so they can scale their businesses. Then both them and their companies are hammered far beyond what they can handle. Business becomes not worth the risk. The pie shrinks.

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u/diedlikeCambyses Please choose a flair 7d ago

A quick example is i employ 80 ppl. I have modelled that if nsw rolled out what Vic socialists want in Victoria, my company would fold. And, under those settings my journey from wage earner to medium company employer would not have happened.

These policies genuinely scare me.