Senate debates

Tuesday, 11 February 2025

Questions without Notice

Taxation

2:18 pm

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

My question is to the Minister representing the Treasurer, Senator Gallagher. Minister, Australia's billionaires have more than doubled their wealth in the last six years, so the 150 billionaires in this country have now hoarded an eye-watering $584 billion in wealth—it is in the hands of just 150 people. The Greens have a fully costed plan to tax billionaires at 10 per cent of their net wealth, which would raise $50 billion over the next decade. Interestingly, that is almost exactly what it would cost to fund free GP visits for every Australian. Will Labor work with the Greens to make billionaires pay their fair share of tax so every Australian can visit a GP with no out of pocket—

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