A new WA political party offers $38,000 to each voter to expose just how big the government grab for cash is.
People send me stuff. A new party is forming in WA in time for the state election next March. The main idea here is to expose just how large the sums of money are that our pollies casually toss around, and how much money individual voters are potentially giving up to bureaucrats.
The background is that West Australians pay their 10% GST like the rest of the nation, but get only a third of it back from the Federal government at the moment - which leaves people feeling pretty miffed over here. No other state has ever got less than about 90% back. The mining boom meant the population grew a massive 40% from 2000 to 2015. Infrastructure, roads, rail, public transport has failed to keep up. Plus somehow the supposedly conservative local state government managed to run up a huge debt during the boom — yes, it’s that bad.
The Nationals leader, Brendon Grylls, wants to do something about the GST imbalance but is proposing to get the money back by adding a bigger tax onto BHP and Rio. Go figure.
This is a monster money-grab risking WA’s reputation as a good place to invest. It’s got sovereign risk, written all over it. Brendon Grylls has successfully run before on a plan called Royalties for Regions — which put mining royalties back into the regional areas where the royalties were mostly earned. Though vast sums of money end up being fed into things like community centres, sculptures and touring performers.
A new party is proposing to take that extra mining tax and give it back to the voters of rural WA. To give you some idea of just how much money is at stake, if this new tax came in, hypothetically, each rural voter could get an extraordinary $38,000 each to spend or invest over the next four years…..
ROYALTIES OR DIVIDENDS?
A Royalty is: a payment to an owner for the use of property, especially patents, copyrighted works, franchises or natural resources.
Whereas a ‘Dividend’ is: a sum of money paid regularly (typically annually) by a company to its shareholders out of its profits (or reserves).
Alaska residents to get $1,884 payout from oil royalty fund
Sep 17, 2014 - But it is still off from a high of $2,069 paid in 2008. Alaska's Permanent Fund was established by a constitutional amendment passed by voters in 1976 requiring a portion of state oil revenues be put into a savings account to be available for the distant future, when North Slope oil fields are tapped out.
From Wallace Klinck, Canada
The State of Alaska has been paying its citizens dividends for decades, the policy has been enormously popular and I have heard of no significant difficulties in practical administration of the program. It was opposed by the usual interests but to no avail.
I understand that a couple of Alberta "Social Credit” Cabinet Ministers flew up to Juno at Governor Jay Hammond’s invitation to assist in formulating the Dividend plan. It was done promptly and has been continued to the present.
With the collapse of oil prices the plan may be headed for some difficulties because the excess revenue from oil exports has been sourced for Dividend funds.
Alaska is the only state that does not collect state sales tax or levy an individual income tax on any type of personal income, either earned or unearned. Instead, every Alaskan, children as well as adults, receives a payment each year from the Alaska Permanent Fund Corporation.
What is needed is a National Dividend for all citizen's of Australia Unlimited!