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Tag: Free Market Foundation
There is no denying that we live in the most technologically advanced era the Earth has ever seen and this is due to property rights and free trade. Removing restrictions on trade between individuals in a country is important, but removing restrictions on trade between individuals in different countries is arguably even more important given the enormous size of the global market compared to any single country’s domestic market.
The NHI is set to be South Africa’s version of universal healthcare where resources are pooled in order to provide health services for everyone. Apart from the many flaws in the manner in which it is being implemented, a most serious flaw is that it is going to be prohibitively expensive. Scant attention has been paid in the South African public discourse to the structure of the proposed system and the problems inherent therein.
On Saturday 30 March, University of Cape Town (UCT) council members will vote on a controversial motion to restrict interaction between UCT and any Israeli academic institution. If adopted, not only would this be unconstitutional, discriminatory and flout the doctrine of academic freedom, it would be unlawful for certain members to have voted if they have previously been involved in actions relating to a boycott of Israeli institutions.
If you counted every hair on your head, that amount probably will not add up to the amount of times you have read and heard about the causes of the Eskom crisis. Corruption and state capture have been identified as the bedrock reasons why South Africans have been thrown into darkness over the past two weeks. A few people have pinpointed the unions as the cause of the problem because they are enraged about President Ramaphosa’s announcement that Eskom will be unbundled. Yet others have laid the blame on transformation policies, specifically BEE.
Officially, for the 2019/20 financial year, government will not be increasing income taxes. The only taxes set to increase are the indirect taxes: fuel levies, excise duties on alcohol and cigarettes, and the new carbon tax coming into effect on 1 June 2019. With these increases government estimates that it will raise an additional R1.2 billion.
Oxfam is at it again. With their latest report we are back to the same old mantra: wealth inequality is on the rise and the only solution is to tax the hell out of the rich. Further reflection reveals that the solution isn’t that simple. But first, some relevant distinctions.
Now, I’m a fan of rhinos. I will admit the one that chased us one day wasn’t on my list of favourites at the time, but she didn’t stop me from going back into the bush later to look for more. I spent a little more than a decade living in Africa and would visit wildlife reserves 3 or 4 times per year at the least. One rhino reserve was about 30 minutes from home, but I often visited the larger reserves in Kwa-Zulu Natal or Mpumalanga.