Not only by our Legislators.

By: AlanK (Registered ) on 25-10-2007 06:40

One only has to go back to what happened to CSIRO. The Governmant pulled the research funding by telling the CSIRO it had to become more commercial in it's approach. Due to this attitude, as a nation, we lost our leadhouse place in the world. ALL prior findings had been given freely to others to use, and make large profits from, and this all ceased. (Read "Fields of Discovery, Australias CSIRO" by BRAD COLLIS. Printed by ALLEN & UNWIN). 
In my opinion, this same thinking has permeated through private enterprise as well. It seems that all players are looking for their investment to be returned, in full, within a 5 year period. Any longer timeframe, and you can forget about it. This National mindset has to change before thing can really change. I know that some Governmant used to have 5, 10, and 20 year plans, and it was astounding how close those future projections were to actually happened over time. Japan used to be admired because of their 100 plans, and I think it is time for us to start our own forward planning. If the taxpayers can see some benefits accruing from all of the extra tax contributions, they may be far more accepting. 
The way things are now, we have been getting ripped off for years by taxes and charges. Look at what has happened since all wage earners were forced to have wages paid into bank accounts. With a captive audience we are charged whatever they like. Why do we not resume getting our wages in our hands. The Big End of town, and Government, has been looked after for long enough. 
I recall, on $50000 a year, 52.5% tax & levies, super, insurances, house payments, and other charges associated came out of my pay packet, and I was left with approx. $5000 a year to spend recklessly on my family and other good stuff. Oh for the good old days in 1948 when the tax rate was 8.5% on a wage that was 7 times the av. weekly wage. This was shortly after the states handed over taxing powers to the Federal Government, and they had to learn how to become the 'rip-off merchants' of today.

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