Dear friend of the FMF

This week’s feature article tackles the commonly-held notion that higher taxes will be good for poor people. As Jasson Urbach and Martin van Staden explain, more (and higher) taxes will always hurt poor people. Those in higher tax brackets can move with their capital out of the country; those without these means are compelled to remain in the country and bear the brunt of lower levels of investment. Employers pay the higher taxes and consequently have less money to pay salaries. At the end of the day the poorest South Africans will suffer most.

FEATURE article  

Any tax hurts the poor the most – JASSON URBACH & MARTIN VAN STADEN

Low-growth and the resulting decrease in government revenue around the world, but especially in South Africa, has led to increased calls for higher taxes on the rich. The mantra is that benevolent governments will redistribute this wealth and thus help the poor escape destitution. However, history has demonstrated that imposing heavy taxes on productive individuals and companies is a simplistic notion of how to redistribute wealth and does wide untold harm. Rather the key to permanently reduce poverty is to adopt policies that promote economic growth and expand opportunities for the unemployed.

SAVE the date  

Wednesday, June 28 EVENING TALK – Dawie Roodt, Chief Economist of Efficient Group The virtual future - an economist's perspective @ 17h45 @  FMFRSVP

Saturday, Juy 1 FMF YOUTH EVENT – Jim Powell, Founder Direct Democracy South Africa – DIRECT DEMOCRACY is a government system that ensures accountability to you the voter! @ 09h30 @  FMFRSVP  NO LIVE STREAMING

Thursday, July 6 NON-FMF inviteConstitutional dialogue: Breakfast discussion series 2017 @ 07h00 @ Radisson Blu Hotel Sandton – for more information and  RSVP

You can watch every event LIVE via the FMF’s Facebook page by clicking this link:

WORTH reading  

Scapegoating businesses for bad government policy
Middle class families squeezed by ‘double taxation’
Analysis shows Aspen kept price rises to legal limit
Analysis: Public Protector’s strange Absa report, and disturbing attack on Reserve Bank

FMF in the media  

Business Day column  Yet another unlawful arrest at yet another illegal roadblock – Leon Louw, 21 June 2017

Media releases Intellectual Property rights under threat in SA
Radical criminal justice reform: Decriminalise victimless conduct and keep our judiciary independent

Media digest APRIL 2017 for all media coverage

SOCIAL media  

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Watch our YouTube videos on ChannelFMF

*New Martyn Davies – The secret of China’s success: innovation and entrepreneurship
*New South Africa: The Solution (1987)

*New Twin Peaks - how Treasury will cost SA an additional R4,8bn per year
Jetane Charsley – IP, innovation and impact
Kelly Chibale – Economic and health impact of IP rights in pharmaceutical R&D
Sadulla Karjiker – A source of concern: Government’s custodianship of intellectual property law
Patrick Kilbride – The roots of innovation: Findings from the US Chamber International IP Index
Geneva Network–FMF Roundtable Q&A
Brad Lips –  Africa Liberty Forum 2017, co-hosted by Atlas Network and Free Market Foundation
FMF –  A constitution worth fighting for (1996)

Leon Louw – Radical Economic Transformation
Rex van Schalkwyk – Rule of Law 1 of 2 – What it is not
Rex van Schalkwyk – Rule of Law 2 of 2 – What it is

Mark Oppenheimer – Is the state stoking racial tensions as a diversionary tactic?

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