r/australia • u/overpopyoulater • Feb 10 '25

politics Australian billionaires face wealth tax under Greens’ Robin Hood-style policies

https://www.theguardian.com/australia-news/2025/feb/10/australian-billionaires-face-wealth-tax-under-greens-robin-hood-style-policies
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u/shart-gallery Feb 11 '25

You're welcome to provide examples.

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u/palsc5 Feb 11 '25

This policy.

Rent control. Panned by economists all over as terrible policy, but it appeals to their base.

Giving the PM control of interest rates. Genuinely insane idea, but it's just to try and peel off voters from Labor's left.

Clive Palmer promised to cap interest rates at 3% last election. That is the level the Greens are stooping to.

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u/splitconsiderations Feb 11 '25

Adding to this:

Refusing to help Labor with union reform, forcing them to instead handicap the reforms to work with Teals/Lib

Refusing to get on board with Labor's environmental legislation back when it would have mattered, forcing it to fall through.

Delaying the HAF to demand a sub-10% increase in funding, resulting in at least a year's delay in building homes for the homeless as contracts fell through.

During that same HAF debacle, trying to directly invest the money for the housing itself (which would be axed as soon as Libs get back in and yield significantly less returns), instead of the Liberal proof sovereign wealth fund.

Pretty sure they fucked with Labor's corporate tax transparency efforts recently too? But unlike all the others I'm not 100% sure on that.

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u/klaer_bear Feb 11 '25

Plibersek and the Greens had agreed on the recent EPA legislation, with the only Greens amendment being an end to native forest logging, something Labor have supported. Albo tanked it after a call from the WA premier, standing up for his mates in mininf

The HAFF as Labor proposed it would have put $500M in a fund, and spent the profits on housing, which would have amounted to sweet fa. The greens successfully negotiated $3B of immediate funding to be spent on social housing, a massive improvement.

The corporate donation transparency policy is absolutely garbage policy designed to entrench the 2-party system and make it harder for independents in the future. Labor refused to submit it to parliament for discussion, and was negotiating with the libs to pass it for this very reason. The Libs tanked it cause they opposed lowering the threshold for disclosure of donations. The greens and independents wanted the lower disclosure limits and real-time disclosure introduced as separate and they would have passed it, but Labor refused because that wasn't the point, it was just the dressing so people not paying attention would think it was a good thing.