Taxes should be kept at home as govt coffers decline
FIFO Man offers an up close and personal look at mining life:
THERE'S nothing more certain in life than death and taxes; the problem is one can lead to the other.
I almost break into tears each week when I receive my wages notice and see how much I have donated to the public coffers.
It's not that I am not prepared to do my bit for the nation that I love; it's just the reckless abandonment of those whose job it is to fork it out to others for the public good.
We all know that mining pays well. Most miners' salaries are in excess of $100,000 a year.
That means the tax paid by each miner is in excess of $30,000 per annum.
Multiply that by the thousands of miners employed in our region alone and you've got a massive amount of money, billions of dollars in fact.
Fair enough if it goes to honest hard-working Australians who are doing it tough, or pensioners who've done their bit for the country and paid into the system for years, but it seems lots of it goes to seemingly worthless endeavours you and I never hear of.
One of the problems we face as a nation is that lots of programs were introduced in the early years of the new millennium when everything was on a high and no-one thought the bubble would ever burst.
Then, along comes a global financial crisis and the whole game changes - the money starts flowing in the opposite direction and we start using our savings for survival.
We all know what happens once your savings have gone; you have to borrow to keep going.
The government declared savings would be found to pay for the new facilities for asylum seekers on Nauru and Manus Island as well as the deal with the Greens on dental care.
Where are these savings coming from?
That has not been explained to us yet but the facilities are being provided and who is paying the bill? We are, of course.
With lots of people losing their jobs and not paying income tax, revenues collected from GST on retail sales down and capital gains tax almost non-existent, the government must be panicking about where the next dollar is going to come from.
The promised budget surplus is looking more and more like a fairytale.
We always seem to be sending money to other countries as well, or buying them a boat or two to help protect their borders.
Keep our money here I say, let it work for us.
As we are seeing at the moment, the flow of funds from mining into the government coffers is tapering off dramatically.
I wonder what the government's plan is to manage their challenges and to make our money work smarter for us.