Shovelling assets from one side of society to another does not simultaneously transfer the skill, expertise, stamina and effort that will have gone into producing them — but penalising these qualities nullifies the scope for multiplying them.

Gunning for the small number of super-wealthy taxpayers (who are already taxed at a higher rate than wealthy people elsewhere) is not the silver bullet it might seem when the real problem is far too few South Africans earning enough to qualify as taxpayers at all. My colleagues estimate that some half a million individuals out of an adult population of near 30-million contribute over 60% of individual income tax.

Published by Dr Charles Sinkala

I will go to the World, and when I come back, I will Liberate my people.

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