Is it just me, or is it absolutely mental that the Australian government collects more revenue from beer excise and HECS repayments than it does from multinational companies exporting our natural gas?

    We are one of the world's largest exporters of LNG, yet we’re currently watching a "cost of living crisis" squeeze every family in the country while these companies make record-breaking windfall profits off our resources.

    The Problem: A "Spineless" Approach

    For years, we’ve heard the same excuses. Labor and Albanese risk living up to that "spineless" reputation if they don't fix the Petroleum Resource Rent Tax (PRRT).

    The current system is riddled with so many loopholes and "exploration credits" that companies like Woodside and Santos can export billions of dollars worth of gas while paying next to nothing in actual royalties to the Australian public.

    What a Gas Tax Could Actually Do:

    If we implemented a fair tax (like the 25% export levy being proposed by economists and cross-benchers), the revenue would be life-changing for the country:

    Fix Healthcare: We could slash elective surgery wait times and properly fund Medicare so "bulk billing" isn't a thing of the past.

    Housing Crisis: Imagine billions in revenue being funneled into social housing and first-home buyer grants that actually keep up with the market.

    Cost of Living: We could fund direct energy rebates for struggling families instead of just telling them to "tighten their belts."

    Look at Norway

    Norway has a 78% tax on their oil and gas profits. Because of that, they have a sovereign wealth fund worth over $1.5 trillion USD. They have free university, world-class infrastructure, and a massive safety net. Meanwhile, we're basically giving our gas away for a "thank you" note and a handful of jobs.

    It’s our gas. It’s our land. It’s our future.

    It's time Albo stopped playing it safe and started making these multinationals pay their fair share. If they want to dig up our backyard and sell it to the world, the least they can do is help us keep a roof over our heads and a doctor in our clinics.

    **What do you guys think? Is the government too scared of the mining/gas lobby, or is there a genuine chance we see a real tax in the next budget?**We are one of the world's

    Why are we letting gas giants treat Australia like a free buffet? πŸ‡¦πŸ‡Ίβ›½
    byu/Kyron4030 inenergy



    Posted by Kyron4030

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