RE: https://newsie.social/@ZhiZhu/116286411303642681

This is exactly what happens when corporations run a nation.
Massive welfare for the rich — trillions in bailouts, subsidies, tax loopholes and sweetheart deals — while they pay basically zero effective tax. The result? A country bled dry, with working people left holding the bag for endless deficits and crumbling services.
Sound familiar, Australia? Our mining multinationals, Big Tech giants and foreign-owned energy firms do the same thing here: rake in billions from our resources and markets, dodge tax through havens and loopholes, then lecture us about "budget emergencies" when it's time to fund Medicare, NDIS or affordable housing.
Corporate capture isn't just an American disease — it's global. Time to tax the bastards properly and put people and planet before profit.
#ClassWar #TaxTheRich #Auspol #gas #gastax #gastaxnow #prrT

Further to my last toot, “The Chamber of Minerals and Energy WA said Australia had been shielded from international gas shocks because investors saw the country as a “stable, reliable place to invest”.

The chamber’s chief executive officer, Aaron Morey, said the proposed tax would risk “undermining that reputation and damaging the living standards of future generations of Australians”.

“At exactly the moment we need more gas, not less, this would dramatically escalate sovereign risk,”

1) We don’t need more gas we just need a Domestic reserve (To stop the bastards selling all of it off at record profits
2) Denmark taxes their gas industries to a level that would make Fossil Fuel exec cry in public, yet the investment still came and no operator quit the sector.
3) The #Fuel and #Gas Industries employ less than 28,000 full time jobs combined (Source: Australian Institure and ABS). The #FossilFuelIndustries are not the most important job creators, ever and their push for automation underscores that fact.
4) Australia is a stable and trusted investment recipiant because of its democratic institutions, not because Executives say so.

/end_of_rant. I think…

#PRRT #SuperProfitTax #AusPol

And, of course, at the first wiff of a tax on gas exports, wouldn’t you know it, the #GasGrifters are predicting the sky will fall.

“…the gas industry’s peak representative body, Australian Energy Producers, said a 25% levy against its exports would come at the “worst possible time for Australia’s economy and energy security … Imposing higher taxes on Australian gas producers would stop investment in new gas supply, leading to gas shortfalls, higher energy prices, and the closure of Australian industries that rely on reliable and affordable gas,” AEP’s chief executive officer Samantha McCulloch said.”

What utter BS. Once again, just for those who aren’t listening: There Is No Shortage Of Gas In Australia! And, yes, AUstralians are paying export prices for their domestic gas supplies (which translates into increased cost for many thing, including electricity). And NO, we don’t need more investments into new wells, we’ve Got Too Many for just domestic consumtion anyway.

Read more:
https://www.theguardian.com/australia-news/2026/mar/20/gas-windfall-gains-tax-australian-economy

#PRRT #SuperProfitTax #GasExport #GasGrifters #FossilFuelLobby #AusPol #GreedFlation #TaxTheRich #antifa

This is not just about ‘taking the piss’, it is highway robery.
‘…gas companies are deliberately exporting enough gas to ensure the amount of gas available Australians remains tight in order to keep domestic prices high.’

Ney it’s pillage and rape level skulduggery.
‘Then they use the threat of these engineered “shortages” to pressure Australian governments to approve new gas projects, but since these projects are almost entirely for export, they wreck the environment but do nothing to help lower the prices paid by Australian households and businesses.’

read more
https://thepoint.com.au/explainers/260304-government-lets-big-gas-export-surplus-gas-to-fulfil-export-contracts-instead-of-supplying-australians

#AusPol #PRRT #DomesticGasReserveNow #ExtractiveIndustries #StateTheft #EatTheRich #Antifa

@leechindustries
The point was never beer tax. The point is why ordinary consumers reliably pay up, while the PRRT somehow manages to underperform in a country swimming in LNG profits.

#taxjustice #auspol #prrt #energyprofits

We are one of the world’s biggest gas exporters, yet the federal government collects more from taxing beer drinkers than from the Petroleum Resource Rent Tax on offshore gas. Ordinary Australians pay more for a slab than multinationals pay for extracting our shared resources. If that is not a broken system, what is? Time for a proper inquiry and a fair return to the public.

#taxjustice #auspol #prrt #fairshare #costofliving #energyprofits

https://thepoint.com.au/news/260303-david-pocock-calls-for-inquiry-into-why-government-collects-more-revenue-from-beer-excise-than-prrt

I hate to belabour the point… well, actually, no I don’t. But to put some perspective into Senator #DavidPocock defeated motion to set up a Senate Committee to take a look at #GasExports, here is an interesting article from The Point (Australian Institute) that should have been tabled in the Senate along with the motion (can you do that in the Senate? I don’t know) talking about: ‘New analysis shows Japan is emerging as a major player in global gas trading, despite producing no liquefied natural gas of its own – and it’s all thanks to Australia.’

https://thepoint.com.au/news/260302-japans-rise-as-an-lng-trader-driven-by-resale-of-cheap-australian-gas-reigniting-calls-for-gas-export-tax

#AusPol #TheGreatGasConspiracy #ExtractiveIndustries #StateTheft #TaxReformNow #antifa #EatTheRich #PRRT

There's no way the major parties will allow this to happen, because they don't want rocks turned over that might show where the money for donations comes from and why we're failing to tax resource extractors properly. But, suffice to say, Senator David Pocock is both right here, and has become a first class troll of the major parties. He's an itch they hate having to scratch and he won't go away because they have nothing he wants - he's there for the people, not for power.

#auspol #prrt

https://www.davidpocock.com.au/new_senate_inquiry_proposed_to_examine_the_great_gas_giveaway