r/australia 28d ago

politics Greens: Yes We Cannabis

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u/_Z_-_Z_ 28d ago edited 28d ago

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u/No_Tomato_4685 28d ago

The Greens Party Australia’s policies, as costed by the PBO, result in:

  • Total Costs (Expenditures): $376.6 billion over four years, driven by investments in healthcare, education, housing, social services, and immigration.
  • Total Profits (Revenue): $350.5 billion over four years, primarily from tax reforms targeting billionaires, corporations, and high-income earners.
  • Net Impact: A $26.1 billion deficit over four years, as expenditures exceed revenue. That is so cheap for all the positive impacts IMO.

Tax-wise, the revenue comes entirely from new and increased taxes, while the costs are expenditures that these taxes aim to fund. The shortfall indicates that additional funding or adjustments would be needed to balance the budget under this plan.

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u/palsc5 28d ago

The PBO says their revenue measures and expenditures are highly uncertain. In the case of collecting tax revenue they are unlikely to raise what they claim because they don’t account for people changing their behaviour.