Why Malema and the ANC youth's Nationalization will destroy South Africa

[Lousypenguin]

Malema keeps talking shit about the struggle. The only thing that fat fuck stuggled with is trying on a new pair of pants

[MrRedFredSaid]

PS, I did give your video a thumbs up because I think it's important to see all points of view presented, and you did present your pov in an intelligent manner.

[MrRedFredSaid]

I think it would be best to nationalize certain critical industries to prevent profiteers from taking advantage of a market where only a few players exist. And those players have one goal- to maximize t heir own profits. Some form of compensation should be involved. I suspect that no matter how generous the compensation, the r ight wing cuntbags would scream and whine.

[rondeboscheast]

The monetary system in itself us a usurious system. the money in your pocket doesnt have any value, its only purpose is to keep in debt. so the problem is not nationalization of resources, but something more important, it is to create a New system of trade based on real currency, GOLD. South Africa is faced with many problems such as lack of education, poverty, housing facilities, etc. Why is our riches taken from our feet when it should be in our hands, the hands the people?

[MrZanekhaya]

u guyz can write all u like, u will never change the state of things in this land now and never more. we will take our land, our mines, and even our sea if we want to. u can go hang urself if u think promoting negativity about my president Malema will make any difference. just accept wats happening.

[NotYourComrade]

@MrZanekhaya If you really want claim land on ancesteral grounds, you need to travel a bit north...then the land, mines and sea (as you put it) belngs to the san people. This is not not about the man (i.e. Malema) it is about the intention...anyone that utters such idealism without putting tangible solutions on the table should not be allowed a public platform, much less any following?

[catatonicable]

Malema and his cronies wont care though, 'let them eat cake'. Bunch of country ruiners.

[MoralitySA]

So I have not had time to promote this video as much as my first. But seeing that Nationalization is in the news again I thought what the heck. If you found it interesting please share and get word out, if you have any ideas for future videos don’t hesitate. Subscribe, friend do all that you want. Also follow my twitter account @StateofSA.

[MoralitySA]

@Siyincaba Those countries tax rates are right in line with ours. And besides which your claims that Canada and England has higher tax rates is also wrong. Canada’s federal rate is 11-16.5% and provincial is 2-16% and for the United Kingdom company tax is 21-26% both of which is lower than ours already. And your bemoaning of our slow growth rate in 2010-11, there was a worldwide recession! The fact that we even had growth is amazing. But I know what your answer is going to still be, raise tax ne

[MoralitySA]

@Siyincaba Remember the children’s story of the goose that lays the golden eggs. What you are proposing is since the chicken takes too long to lay its eggs that we slaughter the chicken to get to the eggs quicker, but then the chicken is dead and does not make golden eggs anymore so you are worse off than before. There is fine balance in fiscal policy and you cannot compare our tax policies to first world countries. Brazil 34%, Russia 13-20%, India 33%, China 25%

[MoralitySA]

@Siyincaba All that unnecessary tax raising will do is chase away foreign investment, and motivate local skills to seek other avenues overseas which is exactly what we don’t want since we need all the skills that we have should we wish to expand the country in any meaningful way. Remember also that there is only about 5M tax payers of which 1.2M contribute the bulk. So if you now tax those 1.2M and they leave who is going to carry the other 47M people in the country?

[MoralitySA]

@Siyincaba These tax breaks should be enough to get them to usual tax bracket but then you actually achieve your goal of improving local infrastructure in a sustainable way. There is no sustainability in raising taxes alone. Remember even if individual taxes on locals are kept at current levels that money eventually makes into the system anyway through that person's economic spending resulting in VAT and in turn other business tax. We need more money in the system to stimulate the flow!!

[MoralitySA]

@Siyincaba Ok I get it. Your solution to it all is to raise tax. You don’t have to repeat the point the whole time. Personally I feel that raising taxes will do nothing to help the plight. A better solution should one wish to raise taxes, is then to tie incentives to it. For example if tax rate is now raised to 50% like you want, then give tax breaks if those companies use certain amount of local manufacturers, contribute certain amount to infrastructure and skill up workforce to certain level.

[53Africa]

@Siyincaba?Minister of Trade & Industry A. Erwin said ``The main benefit is that trade integration enhances the prospects for industrial development in SADC countries by providing them with access to a lager market``. Tax and spending measures are proposed to improve investment and trade performance, enhance science and technology, accelerate job creation, boost small enterprise development and to strengthen rural development and emerging farmer support.

[53Africa]

ANCYL leader Julius Malema, bent on nationalization of mines, a notion believed to be grounded in the Freedom Charter (1955). The Charter embodies the sacred 'freedom demands' of SA's oppressed, collected by some 50 000 volunteers, during the apartheid era.Those opposing Malema's statement argue that the Freedom Charter, endorsed by the ANC.I just put some sugar on the Table and if u don`t wanna use it, than some one ells will definitely use it for a cup of coffee. 

[MoralitySA]

@Siyincaba, To see why flat tax is more effective just look at Hong Kong. After World War II, Hong Kong was one of the poorest places on the planet. But a flat tax was adopted in 1947, and this system – combined with other free-market policies – led to dramatic increases in economic performance. The answer is to build strong economy so everyone's standard of living increases. We must stop seeing our country as a pie that needs to be divided and rather grow the pie so there is more for everyone

[MoralitySA]

@Siyincaba, Furthermore, your tax increases will see the amount of money going to government increasing substantially and our government has shown time and again that they are too incapacitated in order to effectively administer that money. Traditionally innovation in the marketplace has always come from the private sector. What you are proposing will share the money more, but everyone will drop to lower standard of living for it since our economy will stagnate.

[MoralitySA]

@Siyincaba, Your proposal of higher tax and higher salaries will actually have the opposite of your desired effect since the decrease in foreign investment will result in decrease in jobs and the increase in salaries will result in our manufacturing industries not being able to compete internationally, which in turn means that our exports will suffer. We are living in a globalized era and we need to compete as such…

[MoralitySA]

@Siyincaba, I understand that raising taxes seems like an easy fix, but unfortunately economics is not that simple. South Africa does not have the skills and resources to expand manufacturing and other industries like you propose. For that we need foreign investment. To stimulate foreign investment your policies need to make it attractive via lower tax and good interest returns for international business so that they can come invest and grow the country.

[53Africa]

@Siyincaba? Hei wena kanjani, ur suggestions are crooked to the Tree Cottage here in Swaziland. National industrial policies reflect common approaches in respect of reducing import dependence, increasing export, improving capacity, utilization, rehabilitation of existing factories,generating new Jobs, increasing domestic resource utilization & attracting new inter alia foreign and internal investments. SADC Industrial Development Policies and Strategies.Gaborone. 2011.

[MoralitySA]

@Siyincaba This would make it harder for them to raise capital in the cash markets that in turn would slow down production yielding even less. I know that the resource companies seem like an attractive target to solve our problems but a far better approach would be to use the 28% tax money and through innovative governance and leadership create other profitable industries instead of trying to loot the main one bringing in most of our income.

[MoralitySA]

@Siyincaba Thanks for your contribution. I hear what you are saying, but remember that the Resource companies are already paying a percentage of their profits to SA in the form of tax. So your proposal of 32% more would essentially mean that those companies would have to pay 50% of their profits away. Now remember that those profits are not the companies, they are the shareholders and such an action would decrease the yield of their stock and in turn drive the price down

[53Africa]

Ek is Mbulunganga van SWAPO! The intellectual renown of Voice of Africa attracted knowledge-thirsty students from throughout Asia, South Africa, Europe and the United State. Nationalized mines or privet sector is not your business. Professor Ngoshi van Mbulunganga Shikoko 

[NotYourComrade]

@53Africa Can you stop hogging the videos posted here with your babble...what does it mean? Stop smoking that thing and if you comment make it relevant to the content. Your blabber does not make the least bit of sense.

[53Africa]

@NotYourComrade? Africa the greatest, one and only Voice of Africa to defend the interest of the whole of African continent on any Topic must be permitted with full support. Principle South African main  exports destinations United Kingdom, United States,Germany = Diamonds,Gold,Metal, Machinery & Transport Equipment; Economic indicators shows main imports that are Chemicals, Fuels, Machinery & Transport Equipments from Germany, USA, England and Japan and so on and so forth.

[NotYourComrade]

@53Africa I am not disputing your right to air your views - just possibly structure in a fashion that is, uhm clear? i.e. Voice of Africa = is that you or an organisation, What is the point of the export / import details? Are you suggesting it is good, or not? Typically in a free market economy there is trade, thus export what is in demand and in surplus and import what is in demand locally and with a shortage. What are you getting at? How does it relate to the topic?

[MoralitySA]

Thank you for the overwhelming positive feedback that I got from the previous video, I am glad to see that people still have passion in our country. I would love to hear your feedback on this video so drop me a line or comment. Also subscribe to my channel since I intend to bring out more videos in the near future.