It seems that the Greens are intent to wage their culture wars on every business in Australia that dares make a profit, including aspirational investors who dare own multiple properties (including Greens MPs).
Adam Bandt’s inept foray into highly complex economic issues at the National Press Club recently must have left a bemused audience in shock, his centrepiece policy was the intent to whack a hefty $514 billion tax on Australian businesses.
Now to struggling young Australians trying to make ends meet this brain fart may sound good if you ignore reality, but to experienced economists, who well know that higher taxes on business only lead to higher prices for consumers, must already be calculating the rise in inflation and interest rates. Norway’s tax scale on their fossil fuel industry is considered world’s best practice, but they were smart when the industry commenced and contracts were signed, Australia was less astute and now it’s extremely difficult to legally change longstanding contracts for any government. The Greens have a longstanding agenda to offer up simple snake oil remedies to fix complex problems, because they know that they will never have to try and implement them.


For four decades The Echo has printed the stories some people loved, some people hated, and some pretended not to read. If you want us to keep telling the truth, the real truth, not the sugar-coated version. We’ll need your support to keep the presses rolling.