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Australia's business lobbies are fond of complaining that company tax is too high. Lower it, they argue, and the economy would become more dynamic and everyone would benefit. The reality isn't that simple. The combination of Australia's dividend imputation system and the compulsory super scheme greatly benefit Australia's big companies.
In Sunday's Liberal campaign launch, Tony Abbott repeated the phrase 'big new tax' five times. Through taxes, we invest in a civilised society that would provide for us in times of need. Taxes are therefore not a necessary evil. They are a necessary good.
The current kind of content-free campaigning, appealing to popular biases and stereotypes, has real consequences for the social services sector and the people they serve.
Channelling people into a default superannuation fund could be compared with the indignity of income management. But MySuper is geared to protect the human dignity of Australians in retirement against their own indifference, and also commercial exploitation.
Julia Gillard is expected to exercise moral authority because she was chosen by her party to work for the common good of the nation. Her agreement with major mining companies to take the sting out of the mining tax shows a poor start.
We have just experienced a Shakespearean moment. There is real excitement in the land, a sense of new beginnings, as the Elizabethan figure of Julia Gillard takes the reins as Prime Minister. Rudd, to his credit, has accepted the inevitable with grace and dignity.
If there is any vestige of democratic socialism left in Labor, the Gillard Government needs to raise taxes without apology, knowing its social welfare policies are just and necessary. It also needs to remain committed to redistributing wealth to eliminate huge discrepancies in living standards.
The Government's theoretical model does not stand up to scrutiny in the real world. Collecting higher taxes from the mining industry to disburse for other worthwhile purposes may be perceived as contributing to the 'common good'. In fact, the reverse could be true.
Kevin Rudd has been accused of plucking the goose that laid the golden egg. Amid fears of frightening mining investors, few have queried the rush to plunder Australia's mineral wealth. Future generations could need it more than we do.
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