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Sunday, January 30, 2011

Natural Disasters: Australian Floods

The recent floods that devastated large parts of the Australian state of Queensland have far-reaching implications not only for the victims themselves but also for the entire Australian working/income generating community.

The flood victims have to start their lives literally from scratch with their homes and furniture almost totally destroyed if not totally destroyed. These houses and items are rarely covered under insurance as floods are classified as 'Act of God' in most cases.

There is now also the possibility of the wider Australian community being affected by the floods. These are the taxpayers, that is those who are in the Australian workforce. They can be Australian Citizens, Permanent Residents or anyone else who is working/doing business in Australia and who is paying tax off their income. The Prime Minister, Julia Gillard, is proposing a flood levy (like a tax), and most middle to high income earners will have to fork out a sum of money to help with the flood cleanup and assistance. At the end of the day, people's income will be reduced as a result of 'helping out' their mates in Queensland. Sentiments are split with some people agreeing with the flood levy proposal while many others are against it.

3 comments:

smiling17 said...

In my perspective, the measures taken by the Australian government in introducing the tax policy towards the middle and high income citizens could be beneficial and has a number of advantages. On the other hand, the government has to be cautious in proceeding with this by evaluating the situation throughly and making sure that the sum the middle and high wage earners have to contribute is of a right amount as this figure could spark a controversial issue among the government and the people itself. The governent has to keep an eye on the contributers reaction to this as well as keeping in mind the fact that these naturals disasters are inevitable and are logically bound to happen again sooner or later. Therefore, the main question is how much would the citizens have to contribute and whether the levy proposed will always be something they have to face whenever there's natural disasters of such scale? If the Australian government thinks that this may be the right approach, it is always better to think again before coming to a hasty conclusion.

Anonymous said...

Cant agree more with you Smiling17, you are spot on with the comments.

Observer said...

And now something like a sequel, there is a huge possibility of a big cyclone hitting the north east parts of QLD. More trouble it seems for them.