Friday, June 15, 2012

The Super-rich pay an extra $500- -I cry for them not!

The news today that the IRD (Inland Revenue department) has charged the super-rich in NZ $500 is interesting. ‘Charged---shouldn’t they have paid what they were due to pay? Will we hear them crying out in fiscal pain? Don’t be silly. They and their accountants will already be appealing, moving their funds offshore, accompanied by their protestations of innocence and that ‘yet again we are exhibiting a ‘tall poppy syndrome’ and that we ‘are driving much needed investment funds’ offshore sop that another economy will benefit.’
Oh come on. You already have heaps of schemes and subsidies to help you maintain your position. Yes you pay tax, but if you have that mentality that doesn’t give a stuff for the rest of us then---go. You have choices which the vast bulk of NZers do not have other than moving across the Tasman in  the hope that ‘things will be better.’
I must of course say that there are many wealthy NZers who pay their dues and contribute hugely and mostly senility to the NZ economy and to good causes. Hey--- you can stay! My words are not meant for you.
The level of abuse that some of our super-rich indulge in at the expense of the rest of us are many. They have ways of avoiding tax in spurious ways. Even the present Government is trying to pull back those areas in which they operate. Generally, however, the Government would wish to ‘not ruffle the feathers’ of those who can tribute much to the coffers of the National Party. This latest move would be one in which they can hide their real intent--- to keep their mates happy.
OH--- you better expect an attack on the ‘powers of the unions’ in the next few weeks. After all, we ‘can’t have unions selling their labours’ in order to grind out a living--- one that is oh so different to the ‘fat boys.’