Senate debates
Wednesday, 2 November 2011
Motions
Socioeconomic Inequality and Marginal Tax Rates
3:36 pm
Bob Brown (Tasmania, Australian Greens) Share this | Link to this | Hansard source
I move:
That the Senate—
(a) notes the recent survey by the Australian Bureau of Statistics which showed that the gap between rich and poor is widening in Australia;
(b) understands why growing inequality along with corporate greed are motivating the 'Occupy' protest movements;
(c) notes that, in the United States of America, billionaire Warren Buffett has observed that he pays a smaller proportion of his income in tax than do the other people in his office; and
(d) calls for a 50 per cent marginal tax rate on incomes of more than $1 million per annum.
Question put.
The Senate divided. [15:41]
(The Deputy President—Senator Parry)
Question negatived.