So when's the money going to run out?

2015-08-14 11:10

You've got to pity Finance Minister Nene. On the one hand we have the most bloated Civil Service of any country of our size in the world - at least 3 people doing the work that one person could do. Taking about 40% of our national budget. And all these civil servants are not only paid MORE than the private sector, they continually want increases. Then we have some 16 million people on Social Grants, with the number increasing annually. Plus ANC corruption is stealing billions - fraudulent tenders, overpayments, kickbacks etc. Nkandla is just a drop in the ocean. An independent audit has revealed that the ANC has stolen/wasted SEVEN HUNDRED THOUSAND MILLION RANDS since coming into power. All money that could have been used to improve the lot of the poor. And where does the money to pay for public education, grants, healthcare, housing, water purification, sanitation policing etc come from? Well, economist Schussler calculated awhile back that 95% of all taxes are being paid by just 3.5 million people, out of about 55 million South Africans. Note - ALL TAXES! That means income tax, VAT, corporate tax, CGT, estate duty, levies, carbon tax and all the rest. (And the influence of Communism (which has ruined over 70 countries) in the ANC is only making matters worse.) Think about it: just 3.5 million people paying 95% of ALL taxes, while the 'gimmes' increase every year. How long can it last? I don't envy Mr Nene. I sure don't.


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