What if the Wealth Tax backfires?

There is already an exodus of high tax paying individuals on the go, and a wealth tax will certainly speed it up, with a resulting shrinkage of an already small tax base.

Ask politicians about our jobless masses – Bernstein

Hardly an acceptable trade-off when most young South African’s anthem is Sifuna Umsebenzi. Or, to steal a Johnny Clegg line; ‘there’s a jobless army on the march.’