the podcast on
The Green Party is suggesting an overhaul of the tax system in their alternative Budget.
It includes taxing wealth, inheritance, gifts, and private jet journeys, and they say it would bring in $88 billion in revenue over four years.
New income tax rates of 39% on income over $120,000 and 45% on income over $180,000 would be introduced, and the corporate tax rate would be raised to 33%, 3% higher than Australia's current rates.
Malcolm Rands is the spokesperson for the 鈥極pen Letter on Tax鈥 released in May 2023, in which 97 people leading 鈥渇inancially comfortable lives鈥 expressed their willingness to pay more tax.
He told Kerre Woodham he thinks people who can afford more aren鈥檛 contributing as much as they can.
He says taxes don鈥檛 just fund social welfare and education, but also things like climate change and the infrastructure bills being passed that will need funding.
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