Malaysian national Wan Bee Gwin, from Tambun Tulang, Perlis, is all smiles after winning RM 720,000,000 in the local lottery, an amount equivalent to about $236 million Australian dollars.
Archive for the ‘Politics’ Category
Strong extreme opinions have no place in politics. I hold this opinion extremely strongly.
Australia’s Carbon Tax legislation has passed through the lower house. It’s now almost inevitable that it will become law, and Australia will have implemented a price on Carbon by 2012.
Steve Landsburg, at his blog, tells a little fairy tale about taxes. His conclusion is that because some income gets taxed several times, a dollar earned today might be taxed at a rate of 95% before it gets used. A valid criticism of his parable is that it only applies to the uber-rich in the USA. Well, I decided to see how the fairy story would play out under different circumstances. Specifically,
- Instead of taking place in the USA, the story below happens in Australia.
- Instead of happening to one of the wealthiest of the wealthy, it happens to family on a mid-range income – a typical “Aussie Battler” as one Prime Minister Past was fond of saying.