Look, everybody loves money, everybody loves more money..... but .... perhaps it’s better I tell you a story.......
The past 6 months I have sat at my regular job and watched my boss have several mental breakdowns, bursting into tears as she repeatedly works 8am until 8pm almost everyday and then goes ahead and works weekends as well, to make up for the fact she is getting no support or acknowledgment of the overload of work and poorly organised software and new system we are implementing in our organisation. .... there is no overtime or extra pay, there will be no time in lieu for her.
Today I had a colleague tell me how they were on workers comp and how the only reason they were on workers comp and return to work, was as punishment for calling the police when a community member who repeatedly made racist, sexist and homophobic remarks - who had also previously pulled a knife on another staff member at another location, threatened to kill him.
Let that sink in, you are being punished for calling the police when you are being threatened with murder becuase it isn’t good optics for your employer.
Everyday they want to push him back to this location, he says he will work in any job in any location but not back there, and all they do is say no. We are under staffed and he could work anywhere.... but it’s all about pushing him out because there must never be any admission of liability in the workplace.
What is the point of the above in relation to this weeks tax changes.... well for a week now I have listened to succesful business owners cry if they earn hundreds of thousands of dollars or millions of dollars every year or then sell a business for hundreds of thousands or millions it wouldn’t be worth is at a marganilised tax rate of 47%.
Honestly..... I think some of them have been out of the work force for so long, they really think that they are the only ones working 8am until 8pm and working weekends, I am starting to suspect many of them actually couldn’t hack some of the real world jobs where they would have to answer to the whim of an employer, for say 80k if they were lucky, before tax was taken out, with no retirement bonus of hundreds of thouasands of dollars from a sale…
All I hear and see is post after post and reel after reel of how now there is no motivation to even bother building a business now in Australia. Perhaps a job where your employer doesn’t care if you live or die or where you work invisible hours with no support or ANY additional financial return, is the motivation some of them need… the lack of gratititude to be in a position to be earning 300k and then be taxed a marganilised rate of 47% leaving you with a take home pay of after-tax take-home pay of $192,862, while also gathering super and then sell a business for a payout at retirement ...... obscene.
To think you are more special that you would be more deserving of tax breaks instead of contributing to the society you helped profit from ...... I feel like this is how the french revolution started. What a privilege it would be to earn so much that when the govenment taxes me that amount, it doesn’t make a difference to the fact I can still do whatever I want, eat whatever I want, wear whatever I want, buy whatever clothes I want, holiday every year, have a fancy house .....
Perhaps it is time for those in business to put their money where their mouth is (or apparently their now lack of money) and get a nice cushy job as a teacher or a nurse or an admin worker who works invisible hours for a nice easy 30% tax bracket and part pension with whatever super you have accumulated for retirement (retirement age decided by the government mind you) ...... oh and don’t forget to truly take the easy route.... and make sure you rent on top of that too.....
As for me ........ I have not lost my motivation, I think I will keep going.
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