Tuesday, June 19, 2012

To tax is to share, not to punish

Yesterday I had a column in the Canberra Times, 'To tax is to share, not to punish'.

In light of the mining boom and proposed mining tax, I'm arguing for the social importance of redistribution. A sample:
The aim is not to punish the rich. Tax is a socioeconomic, not a punitive, measure. Calling it ''punishment'' is a rhetorical sleight-of-hand, which conflates positive outcomes with negative motives. The purpose of redistribution is to allow more Australians to have greater opportunities for education and training, and the infrastructure to support their ventures. It is, in other words, using a boom in one part of the economy to help create more booms in others; to transform a brief spike in capital flows into something more enduring.
(Photo: Yewenyi)

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