A wealth tax is not the kind of structural reform SA needs
Wealth is relative, so it is enabling wealth creation and ending destitution we should be looking at
08 May 2020 - 05:05
“I just don’t have time for ideological conversations at the moment,” said finance minister Tito Mboweni in a recent conference call with clients of the Goldman Sachs Group. Many South Africans share the minister’s frustration. However, ideology and ideas are vital — they determine the success or failure of a country.
There have been renewed calls for a wealth tax for SA. Such a tax will only lead SA down the path of failed, misguided ideas. SA needs to get its ideas right. Failed ideologies of redistributionism (government-led “growth”) should be left in the dust...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.