Mind boggling news today from the ABC that Australia unemployment rate stands at 5.9% while our agricultural sector let crops die due to lack of workers. Millions spent on overseas workers which could have been spent on Aussies workers instead. Is Australia's high personal income taxes the cause of this uniquely Australian phenomenon?
Is Australia's high personal income taxes and consequently low take-home pay the cause why Australians would rather go on jobkeeper/jobseeker rather than seek gainful employment and impact our national labour productivity? I can definitely empathise with that. Having worked locally and abroad in Hong Kong and Qatar (tax havens) I would argue there is a case to be made for Australia's high personal income taxes to be cut to increase employment rates and productivity, if the Big Coal-enamoured government could bring itself to increase taxes on giant corporations like Google/Apple and the miners, who will not offshore their operations just because Australia hiked corporate taxes because they need our natural resources!
And on a personal note just because I'm a big ol' greenie at heart, bring on an environmental corporate tax on the miners like Gina Rinehart while we are at it!