| We may have already missed the windfall opportunity from the mining boom to collect a significant amount of wealth, but there’s no time like the present to set up a sovereign wealth fund to benefit future generations such as the one established by Norway. Using proceeds from off-shore oil over 25 years, the fund is now worth more than US$1 trillion. The government is limited what it can take from the fund, so it continues to grow.
Ok, yes there may be some exceptions to each of these steps. And yes, some of these will negatively affect me. But I want Australia to be a prosperous nation, where taxes are fairer and certain sectors don’t benefit at the expense of others. If I have to bear some of that pain to see that vision come true then I’m 100% willing...............................................Full Article: Source |