‘Only the little people pay taxes,’ said the late American billionaire Leona Helmsley in 1983, who ironically spent jail time for tax evasion. Since then, there is little doubt that elaborate tax evasion methods have become more complicated and seemingly less regulated for the super rich and corporations.
Now thankfully the population, at least in the UK, have had enough. US coffee corporation Starbucks has been copping public protests after paying ’no corporation tax in the UK for the past three years,’ The Guardian reports. Along with Amazon and Google, they were accused by a committee of British MPs of an ‘immoral’ use of secretive jurisdictions, royalties and complex company structures to avoid paying tax on British profits.
What’s wrong with paying taxes? Let’s be real: government is a type of socialism. We pay taxes because we all use roads and hospitals. It’s considered part of the social contract, a theory that originated during the Age of Enlightenment and in part addresses the authority of the state over the individual. Clearly society suffers when rich individuals and corporations aren’t taxed at comparable rates to an ‘ordinary’ individual.
And fewer taxes for the rich fits neatly into the idiotic narrow conservative views peddled by simpletons such as Hockey and Abbott – ie ‘investment will suffer’. There is no evidence to that claim and is simply a scare tactic by the greedy. Also the social contract is not talked about by politicans because by and large they are are failing at it.
Greek philosopher Plato is reputed to have said, ‘When there is an income tax, the just man will pay more and the unjust less on the same amount of income.’
Given that sound logic, stimulating or reviving economies couldn’t be simpler: make super-rich corporations pay more tax by closing the loopholes. Change in the short term here is unlikely of course because the Liberal, Nationals and Labor parties – along with mainstream media – know who their masters are.