Nick McKim (Tasmania, Australian Greens) Share this | Hansard source

I move:

That the Senate—

(a) notes that, during 2020:

(i) gross domestic product fell by 1.1%,

(ii) household spending fell by 2.7%,

(iii) business investment fell by 5.0%, and

(iv) hundreds of thousands of people lost their jobs and many remain unemployed and underemployed, yet the Australian Financial Review rich list shows that, on average, Australian billionaires increased their wealth by an obscene 34%; and

(b) calls on the Federal Government to restructure the Australian tax system to ensure that:

(i) billionaires are not able to accumulate such extreme wealth, and

(ii) billionaires are required to pay their fair share of tax to fund the provision of high-quality public services for the benefit of all Australia.