Current Topics Research Paper Example | Topics and Well Written Essays - 1500 words

Current Topics - query Paper Example at that place is good and there is bad in the proposals and of course hte mining labor is fighting the whole thing. With that in mind, this paper leave alone look at three of the proposals and compare them to the initiation principles that are to include fairness. The principles that will be determinationd here are simplicity, equity of fairness, and efficiency.The simplicity of this weapons platform is excellent. It is clear and easy to understand both for those that are young and just beginning to plan their seclusion and those that have been saving for awhile. The catch up issue for older Australians may be a niggling more difficult than the rest as even though it does give a good luck for catch up, understanding how they might do that is difficult. They may need some advice on the best mode to manage that in such a way that it is to their advantage then and now.At the same time, it seems really equitable. It would have been very easy to change the rule now and not go back and swear out those approaching loneliness. That would have caused a very unequitable situation for the elderly Australians now. For example the new guarantee has been elongate to workers aged 70 to 75 so they can be on an equal footing with the junior workers (futuretax.gov). It also allows for changes to key amounts when there have been breaks in working throughout a career.Efficiency by the definition given appears to be well distributed. The funds that are put away from this process will go to build infrastructure and increase jobs for the young who will continue to work toward financial backing the process. This seems to be a very effective and quite efficient way of doing this. However, it works very much manage the social security system in the United States (sociealsecurity.gov) which over the years has be contend a hazard and that may warn that this needs to be watched closely. In the U.S. social security monies were paid in fo r retirement and used for other things and now with a large retirement about to happen, there is no money. There is also going to be a smaller group of people to fund it over the succeeding(prenominal) few years so there is every possibility that the system will collapse and umteen will be left without any retirement. Cutting the Company TaxThis proposal is intended to use funds from the mining industry to reduce the overall tax that companies in Australia are presently paying. By doing this, it is meant to make Australia more competitive and increase jobs in this country. The plan is easy to understand and is written in such a way that we can all understand it. Attracting industry to Australia is important in charge the economic system healthy. This move will also make the Australian dollar stronger which in the world economy today is very important.This is definitively a proposal that is fair to everyone. In fact it affects everyone in the country in one way of another. The mi ning industry which is doing very well now will contribute funding to the treasury which allows them to reduce taxes on industry in general which then encourages more industry to come here. That industry, of course, increases jobs which then increases the tax base again. It will move Australia from 22nd to 17th among other countries of the same