Australians are over-governed and therefore over-taxed

David Leyonhjelm
07 Dec 2018
AFR

If the government only got involved in the provision of services that the private sector is not well suited to provide, like national defence, criminal justice and the regulation of air quality, government spending would be no more than half of current levels. I have obtained costings from the Parliamentary Budget Office confirming this, which are available on their website.
If government spending was halved, this would allow taxes to be halved as well, leaving a modest surplus to pay down the government’s appalling debt.
I recently introduced a bill to show just what a near‑halving of the Commonwealth tax take would involve, and how it could be done.
First, we should reduce income tax to a flat rate of 20 per cent while lifting the tax-free threshold to $40,000. This would save a typical worker on around $55,000 more than $6000 a year and reduce the tax system’s disincentive for income earning.
READ MORE