Quote of the week

Such traditions that are culturally embedded in the white, male, Afrikaans culture and history, which are the basis of the Nagligte traditions, do not foster inclusion of other groups that must now form the new majority of the SU student body. Wilgenhoffers do not seem to appreciate the negative impact of their culture and rituals on the personal rights of certain individuals. This is because they elevate belonging to the Wilgenhof group above the rights of the individual.

Report of independent panel on abuses in Wilgenhof men's residence, University of Stellenbosch
11 June 2020

Piketty n inheritance

It struck [Thomas Piketty] as odd the Australian Government imposed no taxes on those who had been bequeathed multi-million-dollar properties, while governments in the United States and Europe taxed the same gifts at between 40 and 45 per cent. “Japan just raised its top inheritance tax rate from 45 to 55 per cent last year,” Professor Piketty said. “This was under a right-wing government by the way and I don’t hear Angela Merkel or I didn’t hear Cameron in Britain say he wanted to reduce the inheritance tax of 40 per cent to the Australian level of 0 per cent so this [Australia] is very unusual.” The author of the best-selling book Capital in the 21st Century said while small inheritances of 100,000 or 200,000 could remain tax free, it made perfect sense to levy tax on property transfers worth millions of dollars.

SHARE:     
BACK TO TOP
2015 Constitutionally Speaking | website created by Idea in a Forest