Veronika Wild

- Image by Copilot Good Morning/ Afternoon/ Evening Class! Today we are going to talk about Taxes – I can hear your collective eye -roll, and why this specifically concerns you. Before we start, anyone who already understands this, such as any member of the Patriotic Millionaire’s Club , Millionaires Against Pitchforks or Millionaires for Humanity, has a hall pass and may skip this lesson. The rest of you please pay close attention and some of you younger ones, especially you Elon, Mark, Sergey and Larry, and you too Jeff and Gina, and anyone else who skipped History classes or thinks they owe nothing to society at large - proponents of "The Virtue of Selfishness" and all that, please sit closer to the front so that you don’t miss anything. There will be a short test at the end of class. Why we need more Taxes As you know if you have read the previous post  (go back and read it if you haven't), governments are already struggling to meet the demands of previou...

Sign of the Times Pardon me, I’m not an economist, but I fail to see how cutting the wages of low paid workers and the poor will save the economy. According to Stephen Koukoulas of The Guardian , Australia currently has around 725,000 unemployed people and 1,067,000 people who are underemployed, not counting those who have given up looking. You are officially 'employed' even if you only work one hour a week. Even if and it’s a big if , employers do put on another worker, also on a low wage, where will the extra money come from to buy more beer,   another coffee or more things? The same goes for cutting pensions.  Our retirees, unemployed people and those on disabilities have also come in for their share of cost cutting, so less money will be spent in the community, especially as all other costs are rising, and wages have barely moved since the Global Financial Crisis, despite significant increases in corporate profitability.  Instead, it will be like a reverse stimulu...