"Australian governments spend at least $16 billion annually as a result of childhood poverty.
"Rather than preventing it, we’re spending money on addressing it."
Dr Sophie Scamps MP unpacked the cost of inaction at our #RevenueSummit25
@sophiescamps.bsky.social #auspol
Australia has already handed over $800 million of the estimated $368 billion cost of AUKUS.
“If this deal goes ahead…this will amount to the biggest international transfer of sovereign wealth in Australia’s history.”
- @ebonybennett.bsky.social on AUKUS at the #RevenueSummit25
#auspol
Big thanks to @australiainstitute.org.au for today’s #RevenueSummit25. Simple, realistic measures for transformative change. Let’s get serious about what it takes to afford a fairer future for everyone.
"We are going in the wrong direction if you care about greater equality," ACOSS CEO Cassandra Goldie tells the #RevenueSummit25
#auspol
Follow along with the summit (and keep up with the politics of the day) here: live.thepoint.com.au
Appalling but unfortunately typical of the behaviour of the completely out of touch govt.
#RevenueSummit25 #auspol
#IntegrityFirst
#ParadigmShiftRequired
Because Australia gives so much of our gas away for free, Japan gets it so cheap it makes a profit selling it to other countries!
"We are disincentivising Japan to do anything about their emissions."
- Chief Economist Greg Jericho at our #RevenueSummit25
@grogsgamut.bsky.social #auspol
We’re seeing history repeat with so many racist attacks, says @purplepingers.bsky.social. Attacking people who don’t look like you because you feel disenfranchised. We know how bad this can get. We need to look after people. #RevenueSummit25
The housing debate is dominated by people with disproportionate power who profit from property value increases, says Maiy, as opposed to the people who actually need homes. A wealth tax would also be valuable, argues @oxfamaustralia.bsky.social. Billionaires are ballooning. #RevenueSummit25
Josie Lee from Oxfam Australia tells the #RevenueSummit25 that Australia's tax system is "fuelling inequality".
"We are seeing a system in Australia that is failing to tax wealth... if we really want to tackle the problem, scrapping the capital gains tax is a winner"
#auspol
Time to talk housing crisis #RevenueSummit25. Here’s Maiy Azize from Everybody’s Home, @purplepingers.bsky.social, Josie Lee from @oxfamaustralia.bsky.social, and @amyremeikis.bsky.social. The government is doing all the wrong things on housing, says Maiy. We need to build houses again. Lots. Fast.
The nation profiting from AUKUS is systematically breaking down the global trading order as well as the global institutions that uphold equity, law and public health. This is a threat to our national security, @ebonybennett.bsky.social reminds us. And beware the PBS attacks. #RevenueSummit25
Submarines or sovereignty? Which does Australia want most? The biggest transfer of sovereign wealth in Australian history, says @ebonybennett.bsky.social. All with no guarantee of delivery let alone success. All without a Treasury brief nor parliamentary scrutiny. Why? #RevenueSummit25
Australia Institute Deputy Director Ebony Bennett, has told the #RevenueSummit25 that Australians are right to demand better scrutiny of the $368 billion AUKUS agreement.
Institute research shows two-thirds of Australians want a review of AUKUS.
#auspol
The usual suspects here at #RevenueSummit25, asks @richarddenniss.bsky.social? Today we’ve seen a former Merrill Lynch economist and a Fortescue adviser and a manufacturing leader working collaboratively with environmental, union and other non-profits to create change. That’s why we’re winning.
WA is getting a bigger share of GST revenue than it should, despite being Australia's richest state.
"How anyone can defend that as a sensible use of federal taxpayers money is kind of beyond me."
- Independent Economist Saul Eslake speaking at our #RevenueSummit25
@sauleslake.bsky.social #auspol
Australians pay more in HECS than gas companies pay in PRRT... in Western Australia, drivers pay more rego than gas pays royalties, and gamblers in WA pay more tax from gambling than gas does from royalties - Greg Jericho.
#RevenueSummit25 #auspol
Gas companies have been great at positioning themselves alongside mining companies, says @grogsgamut.bsky.social, misrepresenting their impact. They’re not big employers. They pay minimal royalties. #RevenueSummit25
Diesel subsidies are the 16th largest expense in the Australian budget, says Deirdre Willmott. We pay mining companies etc. more to use diesel than we spend on the army or the air force. #RevenueSummit25
Why are gas prices going up? Because the more we export, the more we drive demand, and the more the prices rise. It’s costing households and industry more, and yet we’re not getting any meaningful revenue back to government. No company tax, no carbon tax, and a faulty PRRT. #RevenueSummit25
Here’s @grogsgamut.bsky.social on how Big Gas is Taking the Piss. Turns out students are the backbone of our economy: the government earns more from HECS repayments than PRRT, and in WA and Qld, more money comes in from rego payments and gambling! Fark #RevenueSummit25
And now it’s the very dapper Geoff Crittenden, CEO of Weld Australia (I want that indigo suit!!!) on the perilous and policy-free decline of Australian manufacturing. The Productivity Commission are clueless, says Geoff, to an unexpected round of applause. #RevenueSummit25
Here are some of @sauleslake.bsky.social’s guiding principles for useful tax reform #RevenueSummit25. More than enough revenue would be generated to meet the challenges we face. Let’s be courageous and achieve the reforms we need.
Who else is profiting off the climate crisis @larissawaters.bsky.social ?
Andrew Forrest: #RevenueSummit25
overland.org.au/2025/10/colo...
Independent Economist Saul Eslake tells the #RevenueSummit25 that without reform, Australia's tax system is not going to generate enough revenue to pay for additional spending.
#auspol
And we’re back #RevenueSummit25. Here’s @sauleslake.bsky.social reminding us that the size of government does not correlate with living standards. Nor can our government afford the additional spending we’ll need to maintain standards of living without tax reform.
@australiainstitute.org.au If you check the net worth of your donor Andrew Forrest, if we took 30 billion and gave it to the 37800 chronically homeless Australians, they'd have over $840,000 each.
He'd still have billions.
en.wikipedia.org/wiki/Andrew_...
#RevenueSummit25 #AusPol
“We live in one of the richest countries in the world, that can afford to drop a lazy $360 billion on a bad idea... yet, when it comes to health, education, aged care, apparently, so many of these things are unaffordable.”
- @richarddenniss.bsky.social at the #RevenueSummit25
#auspol
"Gas companies treat tax as optional, and they leave the rest of us with the cleanup bill for the natural disasters that they are turbo-charging."
- Senator Larissa Waters speaking at our #RevenueSummit25
@larissawaters.bsky.social #auspol
"Australians are getting ripped off by the gas industry," - Liam O'Brien, ACTU Assistant Secretary told the #RevenueSummit25
Analysis by The Australia Institute shows the ACTU's call for a 25% tax on revenue from gas exports would raise around $12.5 billion annually.
#auspol
Back to #RevenueSummit25. Here’s Liam O’Brien, ACTU Asst Secretary, on how a 25% tax on gas exports could fix Australia’s housing problem. For starters, the Petroleum Resource Rent Tax (PRRT) is a rort—returning just 43c for every $100 of gas exported. Look at what Norway achieves! Sigh
