If the NDIS is ‘runaway spending’, what do we call $16 billion in fossil fuel subsidies?

https://thepoint.com.au/opinions/260312-if-the-ndis-is-runaway-spending-what-do-we-call-16-billion-in-fossil-fuel-subsidies

If the NDIS is ‘runaway spending’, what do we call $16 billion in fossil fuel subsidies?

New research shows fossil fuel subsidies will reach $16.3 billion in 2025–26, rising faster than the NDIS. Handouts to mining giants are growing faster than support for Australians with disability.

@jhaue
Wow, what a read… but is it all too simple? Or why is it like this? “This week, the Australia Institute has published our annual tally of subsidies, concessions and tax breaks to major fossil fuel users and producers such as coal mines and gas companies. Our estimate is $16.3 billion in 2025-26.

That’s an increase of $1.4 billion on the $14.9 billion we estimated last year, an increase of 9.6%.

Meanwhile, the NDIS grew by 7.6%.

To be clear, this means that handouts to Clive Palmer and Rio Tinto are growing faster than the costs of helping Australians with a disability.

It’s time to call BS on the idea that we can’t afford to look after each other, while governments simultaneously hand out billions to foreign-owned mining companies.

#AusPol #subsidies #fossilFuel #NDIS

@Su_G @jhaue The question now is how to shift all that money to benefit the cirizens...

#auspol #TaxTheRich

@jhaue we call it business and great investment 😂