January 18 2004
What way out?
to columnist Karm Farrugia’s article ‘The way out,’
(MaltaToday, 11 January 2004). I have always considered most economists/accountants
as dastardly parasites who are the sole cause of all the financial problems
that have crippled this blessed country. What with creative accounting,
tax evasion/avoidance, incorrect or flawed budgetary projections, company
meltdowns, and financial scandals galore, we have really been bled quite
dry, both as individuals and as a nation.
This so-called expert is suggesting - in point 3 of his article - that
the likes of me should have to bear an additional "surtax of 5
percent" on annual earnings in excess of Lm10,000. As if I am not
paying enough tax as it is. For your information I am an assistant lecturer
at the University Junior College. I work hard for my salary and I pay
tax on every cent I earn.
Allow me to give you the figures of my November 2003 payslip - I still
have to collect my December payslip from the secretary's office at the
Junior College as this week I have been too busy preparing and delivering
to date: Lm 9975.31
Tax to date: Lm 2,063
Social Security to date: Lm606.30
expert considers the likes of me as "those who can afford a temporary
dip in their living standard," and he adds that it would not "seriously
hurt any sector of the economy." Balderdash.
I have never received any state benefits like children's allowances;
I pay commercial interest rates on my house loan (no state subsidies
here); and I protect myself and my family through a private health scheme.
I do not really know why I am paying so much to receive absolutely nothing
And yet, this ‘expert’ considers his suggestions as being
"realistic, and possibly constructive." Mr Karmenu Farrugia
has managed to confirm my view that economists and accountants should
be ‘hung, drawn and quartered’ in public.
Editorial note: Mr Farrugia’s letter contained many other
‘unreasonable adjectives.’ He is free to express his opinion
but his last comment says much about his tolerance levels.