It is possible to run Australia on a budget of $169 billion per year collected from income tax only.

By Andrew Mackinnon

As far as I can tell, the number of Australian citizens who submit a tax return in Australia is currently about 13 million and the average taxable income declared on these tax returns is about $65,000.

If there was only income tax in Australia at a flat rate of a maximum of 20% on all income earned, then the maximum taxation revenue the Australian federal government would raise in one year is 13 million x $65,000 x 0.20, which equals $169,000 million or $169 billion. Read more...

Non-exhaustive list of issues that need to be addressed in Australia…

By Andrew Mackinnon

Last updated: 3rd January, 2022

Australian Prime Minister Scott Morrison, Queensland Premier Annastacia Palaszczuk, New South Wales Premier Gladys Berejiklian and Victoria Premier Daniel Andrews have all lost the confidence of the Australian citizens who they govern.It’s only a matter of time before they’re all replaced. Read more...

High house prices in Australia are caused by…

By Andrew Mackinnon

High house prices in Australia are caused by:

> bank lending to property investors for investment properties, which should be banned. This includes bank lending to property investors who are also using their superannuation in order to fund part of the purchase price of their investment properties. The very definition of investment entails purchasing an asset out of savings. No bank in Australia should be allowed to lend for the purpose of the borrower purchasing an asset for investment with the objective of making a capital gain over time, such as real estate, shares, precious metals, coins, antiques or art. Borrowing for such a purchase is not investment. It’s speculation. However, if such a purchase is financed out of existing savings, rather than borrowings, then it can correctly be called an “investment”. Read more...

Jewish people are descendants of Esau and the Edomites.

By Andrew Mackinnon

Last updated: 3rd July, 2022

The people around the world calling themselves “Jews” are descendants of Esau, the son of Isaac who forfeited the blessing of God to his younger brother, Jacob. Descendants of Esau are known as “Edomites” in the Old Testament (Genesis 36:43, the Bible). Read more...

The only tax should be income tax.

By Andrew Mackinnon

Last updated: 3rd January, 2022

The Goods & Services Tax (GST) in Australia is double taxation of income on which income tax has already been paid.  The government wasn’t satisfied with the income tax that citizens paid on their earnings.  It wanted more.  So, on 1st July, 2000, it introduced the GST to tax the income that the citizenry have left after they’ve already paid income tax.  This is an attack on the property rights of the citizenry over the income that they earn.  The citizenry earn income and are obligated to pay income tax to the government to fund their common needs.  One would hope that they have property rights over their remaining income, but no!  The government wants more and the citizenry are on the hook for 1/11 in GST of all of the goods and services they purchase with their after-tax income. Read more...