How much longer can 3 million support the other 50 million?

2014-11-18 09:25
Last year economist Mike Schussler mentioned in an article the following astounding fact: 3 million South Africans (out of 53 million) pay 95% of ALL taxes! Note: ALL taxes! That means income tax, VAT, corporate tax,  Capital Gains Tax, Estate duty, petrol tax and all the other dozens of taxes the ANC government has foisted on us, including Carbon Tax and e-tolling. I would believe Schussler; he is a well-known and respected economist. So the big question is this: how much longer can these already-overburdened 3 million SA taxpayers go on paying for this country to run? The other 50 million citizens of SA only pay 5% of our taxes, yet we have over 16 million people on grants. We have Zuma building a R276-million Nkandla for himself and his umpteen wives. We have stories day after day of ANC fraud involving not just millions, but billions. So effectively, this governmental fraud is actually robbing the poor of South Africa by ensuring there is even less money available for healthcare, education, water, sanitation, housing etc. I do not envy Mr Nene in trying to balance our budget, without borrowing so much that we will end up paying most of our tax income back into debt-repayment. So, fellow South Africans, and as a taxpayer for many years myself, I ask you this simple question: just how much longer can this country be effectively run on the tax payments of just 3 million people?
NEXT ON NEWS24X publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Inside News24

Lockdown For
Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.