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...
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