You're taxed but the big guys aren't - Senate 11.9.24

Find the full Hansard here: www.aph.gov.au...

[@simmov9489]

Absolutely brilliantly said

[@robertdujin1365]

Yes, yes, I make things in Australia and get taxed by using energy paying that plus tax on income…? While foreign players don’t pay any tax??

[@Julia78309]

Excellent work senetor! Finally a parlamatarian talking about how he works for the betterment for the people,!,,!

[@k4ngk0ng74]

seems to, only till a certain extent. David. J. Walter's petition of rights is worth a read.

[@oasis042]

Stop the ato bullying individual people and small to medium enterprises! Great stuff senator!!! God tier senator right here.

[@anthonyvanderdrift809]

Corruption plain and simple

[@John-ul4hv]

Criminal behaviour when politicians can still work for $500,000.00 to $2 million & still get the pension. Absolute criminal. Apply the same $204.00 a fortnight & stop parliamentary pension. Now that is dysfunctional & inefficient.

[@logical_evidence]

I knew a old man whom owned his penthouse the penthouse next door and bragged about receiving $1200 a fortnight with all medical benefits of pbs n bulk billing. That money paid for the pros he had visit each day. Dirty old man. Got away with hinding his money. Sad

[@SuperHowie001]

Government support Tax Avoidance by Corporations. Which every one else has to pay on their behalf.

[@ivansultanoff6719]

Spot on Senator- 🎉🎉

[@merkeet]

I bet this man does not have ties to the WEF.

[@hojacqui7595]

Thank you Senator ❤

[@Reaper4367]

Very well Stated Senator. Thank you for your efforts and comprehensive knowledge.

[@niceworkabc]

Senator - I love your brain & your commonsense approach to Australias tax system, finances, etc. We need more like you in government!

[@michellestanvic8577]

Senator Rennick for PM!

[@brianevans2819]

Thank you yet again Senator Rennick, for exposing extremely important issues. Always exposing the truth, this and big pharma.

[@paulf.5261]

Maybe if corporations taking Australian gas and resources actually got charged at the same rate as 'normal' people do, we wouldn't need to pay such high personal tax.

[@John-ul4hv]

What about GST on foodstuffs, welfare recipients get less most in poverty, Howard introduced GST on 1st July 2000 & our society is disintegrating, tax is tax

[@maxg4958]

Holy cow; what an awesome speech. This man knows his stuff! this is what we need in politics; not those losers who polish their arm chairs.

[@jimmycook872]

In the meantime 1.4 trillion dollar sovereign debt and growing.

[@buildmotosykletist1987]

Nope. Federal Net Debt' is currently AU$930.8B and was AU$637B in May 2022.

[@matiuhinga4561]

This guy should be prime minister he is the only who has solutions that make sense and realises the corruption

[@gregbridges1927]

Get rid of all TAXES and implement a consumption tax of around 2%👍🇦🇺

[@buildmotosykletist1987]

=GST. We have it at 10%. And I'll ad it's the fairest tax we have.

[@MichaelZuzolo]

​@@buildmotosykletist198710% is too high

[@buildmotosykletist1987]

@@MichaelZuzolo : Rubbish, it's very low and the fairest tax we have.

[@gregbridges1927]

@@buildmotosykletist1987 crunch some numbers then come back and i think you will find 10% is very HIGH

[@gregbridges1927]

​@@buildmotosykletist1987crunch some numbers then come back and i think you will find 10%is very HIGH

[@arthurmarcel2137]

Hear, hear! Great speech.

[@KBHeal]

... and let's not forget we're double and triple taxed on most EVERYTHING 😢😢😢

[@LiNa-cn6mu]

1936 tax laws? Keating? Costello? It's Time for a lot of modernising.

[@shaunbarr1856]

Pray 🙏 for Australia 🇦🇺 and Government 🙏

[@marcusbarnes5929]

TAX FREE OVERTIME! overtime is family time. If people have to work overtime, it shouldn't be taxed.

[@manhouse100]

I owe the ATO 16g for work I did during COVID. I have been paying above the agreed amount but they are charging 11% interest in the debt. Basic math says over 1 month I only pay $36 off the debt. When did I agree to pay interest on debt owed? I never bowed that money. My bank interest isn’t that high. The ATO is a scam system designed to keep people poor. Good luck to them getting blood out of this stone

[@bubbles8031]

Transparency around exactly where our taxes are being spent is a start. I suspect once we see this, it will become clear that much lower taxes for everyone is needed.

[@Rae-nq2yw]

Start at the top. Albos spending in 12 months was $3.8 million not counting flights or his staff of 70. Something really stinks in Australia.

[@rachaelcourtnell7275]

One of few in parliament that knows his stuff, Thanks Senator, good work.

[@kimcameron4461]

👏👏👏👏👏👏👏

[@ulrikezachmann7596]

This is why we need to teach financial literacy in schools. Most people don’t know this stuff. An education here thanks. I wonder how many politicians know this stuff? Just a thought.

[@francesclark363]

Thankyou Senator Renick. It is a real struggle

[@chrissea77]

Again as Kerry Packer said..... "Of course i minimise my tax because as a government , you don't spend it that well that i should be donating extra !"

[@shaneclarence6696]

And if you are a digital nomad you have to pay tax in Australia regardless of the country you're in. They come after the small guy all the time

[@KBHeal]

Exactly - it's totally wrong and a complete rip-off currently 😢😢😢

[@tasd5673]

Keep going senator

[@tazzygeoff621]

100% correct.

[@tracyanne8616]

And get rid of the GST as well.

[@johnmcdermott6753]

Alleujah, senator!!!

[@cocojeffrey8502]

The People must OCCUPY the MEANS OF PRODUCTION. we are under attack!

[@topoint]

I wish this man was our Treasurer. He would fix Australia's debt and inequality of taxation straight up. WA and NT gas companies not paying billions in royalties fir exports every year has got my goat at present.

[@Heisthelightoftheworld]

Don't forget GST on top of earnings that are taxed...and taxing the people was only supposed to be for a short time initially to clear the war bill...now our politicians give away Australians money to countries like the Ukraine where a few are getting rich on this largesse.

[@karlcooke7178]

Who is voting for this person? I am.🎉

[@stephaniesamra7960]

If I was in his constituency- I deffo would. I am in Ireland 🇮🇪

[@HarryAirborne]

I wish I could

[@Watching58]

Thanks Gerard

[@markseymour5086]

What an outstanding contribution by Rennick

[@vivianoosthuizen8990]

More thieves outside jail than inside

[@stephaniesamra7960]

Every country needs a Mr Rennick in politics. Awesome man ❤❤❤

[@ng4410]

Good to see a clear speaking and informed elected rep in parliament. One of very few in 2024.

[@kaizenexcellens]

Thank you Gerard, at last someone with better than Paul Keating skills in parliament, the tax act is too complicated, the ATO to error prone, and thank you for explaining how you entered parliament, you are a real asset to Australia.

[@vichetkim5533]

The foundation of the taxation system is that people will maintain confidence on the fractional reserve banking system where debt is the primary driver of economic growth and improvement to living standards. The absence of mandating superannuation in saved Super cash in exchange for physical gold for people who don't have a trust because it's too expensive goes to show that there is a contempt by politicians and bureaucrats for poor and middle class people to own gold in superannuation to avoid long term inflationary pressures.

[@mikedunningham9614]

You’re my man Sen Rennick.

[@tlb2970]

Brilliant work senator Rennick, thank you

[@R0d_1984]

In 14 February 1966 we converted to the Dollar, by 1978 we had lost 97% of the BUYING power, can you imagine what it is today... Income tax was introduced to pay for WW2... Foreign owned mines (including gas) Pay NOTHING. Australia's mining industry is 86% foreign owned; BHP is 76% foreign owned, and Rio Tinto is 83%. Between them they constitute 70% of listed mining company resources....

[@immune2PR]

How about a 15 %consumer tax so we pay for what we use as individuals. PAYG at 12% across the board. Superannuation optional. Abolish negative gearing for companys except for new builds. Abolish capital gains tax for private individuals ( keep for companys) Corporate tax at 20%.

[@turnyourbacktoit]

Taxed on our taxed income, then taxed again on the taxed taxed fuel. But, here's the kicker... Your tax pays for someone else's wonderful solar panels that they profit from. I want my cut.

[@buildmotosykletist1987]

I strongly disagree on Franking Credits, no one should pay tax twice on the same dollar. That said it is very reasonable for large earners to pay over 30% in tax but if you look at the biggest earners in Australia, very, very, very, few pay more than 10%. I have to give Gina Rinehart a plug here she is not a blatant tax dodger like some individual iron ore billionaires. Another lurk is CEO's like Alan Joyce get away with being given options tax free. That must stop.

[@VirtualR]

Hope you are running above the line this election, I'll keep an eye out for your new People First party

[@DrakeBuilders]

No Mrs Chair, The plebs and paracites aren't exempt...Tax Pay Hold and Bonded

[@shaneobrien148]

My boss throws his credit card on the bar says he’ll get it tomorrow. To rite of taxes

[@chopperking007]

Nationalise our energy we want it back

[@nitehawk9270]

65% of your salary is taxed. Income tax, super, GST, petrol excise, alcohol excise, stamp duty, rates, fire levy, ambulance levy, Medicare etc. but if the average punter knew that there would be riots. So they have to rely on your ignorance.

[@willchug]

Masterclass 👏

[@karlcooke7178]

Tax reform .

[@tracyanne8616]

You could have that $3 million in a bank account that earns yo nothing and you would be better off just due to staying away from the ATO in my opinion and if I had that much that is what I would do with it. I would have zero interest in telling the government any of my business.

[@todmorrison8749]

I hope this guy becomes our PM

[@davefoord1259]

Well vain hope as the LNP wouldnt even preselect him for the seat he currently holds. Thats how much political parties value knowledge and hard work.

[@Wombat-y7t]

Nailed it……All other politiians remain silent…..

[@lukey139]

He’s right, tell them

[@reg8090]

Great rundown by Senator Rennick....so we have a type of ogilarch system by the sound of it..some even have law immunity in some countries from what I understand..so that makes a troublesome combination

[@harisdiz.5817]

Wtf is going on here? RBA is a foreign bank. Reserve Bank FOR Australia. A branch of Federal Reserve of America. Why do you think we use dollar as a fiat currency!? The only reason Australians pay tax is because Australia is bankrupt and in debt.

[@ajcajc5429]

A handful of predominantly foreign owned gas corporations export 90% of Australia’s gas. They receive most of the gas royalty free, contribute less than 2% to Australia’s budget, often pay little if any tax and receive enormous taxpayer subsidies. Both major parties know this, they keep us energy poor & themselves rich while we argue over expensive renewables.

[@biggils8894]

I pay tax on the money I make, then have to pay tax on the taxed goods I buy then have to pay tax on the interest after i pay tax on the income, pay tax on capital gains taking capital risks, paying taxes on high government salaries to government that doesn’t represent the money I spent. Including road tax, land tax, speed camera tax, local council tax, sales tax, alcohol tax rises expediently every 6 months, stamp duty tax, food tax, energy tax 100% rebate soon to be 100% unaffordable. Tax is all they have. Without us they have NOTHING

[@GordonSmith-x3w]

Mayer amschel Rothschild is famously credited with having said."give me control of the economics of a country,and I care not who makes her laws.the few who understand the system,will either be so interested from it's profits or so dependant on it's favours,that there will be no opposition from that class."

[@brianlitson]

Everyone wants to talk about tax and Australian government owes me over $630,000. I’ve been waiting for nine years. Had to get your attention Senator how about looking into it mate?

[@grouchoglobe]

What about a 15 to 18% tax on all income including company's. The only claim being the cost of labour

[@streetlight3860]

Like all these legacy Government policies, the only approved changes are always worse for Australians. Australians are nothing more than a free ATM for big government to dig deeper into anytime they like. Waste is never accounted to and not a single policy maker is legally liable for outcome.

[@wmichaelshiberrassw8604]

We should raise the GST and stop taxing people who earn below $150k and people who earn more should pay a carbon tax upon their normal tax rate on a sliding scale see how the rich people will talk about a climate emergency!!

[@Wefpedophiles]

Well done Mr rennick

[@brown-cow]

Tax all business and earners , or dont tax, hey who remembers the gst tax that was supposed to abolish income tax, now qld has a sun tax..soon it will be a moon tax, a breathing tax, a you just scratched your ass tax, everytime parliment meets it takes 2 to 3 days for country criteria, then they vote on their pay increases. Like anything is going to happen..should be public information to know how much tax labor or liberal government pay

[@kathysmith1843]

flipping oath we created a business and franchise that created thousands of jobs. We sold up for a meagre amount and always were honest and we owe as most as much as we sold for after yrs of paying massive amounts in tax even when we’re were close to bankruptcy. So now as self funded retirees we face jail time for struggling to pay huge taxes. We would’ve been better to work for someone than b self employed.

[@timcetin372]

I think your doing a great job 👏 mate but I reckon it’s gunna be like pushing shit uphill with a pointy stick to get it past the corporate bosses oh sorry I meant the parliament 🤨

[@martinholden8480]

I often listen to this and other Senators, although he does talk a lot of sense about this the real problem is that our Government is totally reckless with its spending, this needs to stop as no matter how you juggle the tax laws for more taxes from the people it is a total wsate of time if the Government keeps wasting it like they do now.

[@coreyklun5710]

Hey senator, ide love too have a chat with you. Would like to be a part of your party, if there is an opportunity

[@cheeks7050]

Wow imagine if someone with this competence actually got into a position of power.

[@d-munn]

If they taxed the 'big guys', who will purchase Govt Securities/T-bills? Is this the dilemma facing Western capital..ism? Has 'rent seeking' reached saturation when two incomes don't cover child raising & COL? Damn, dialectics is hard!

[@SpaceManAus]

I think government jobs need a reduction in pay, and are paid on performance.

[@armistarenn4794]

Comment to push the algorithm & help people hear this

[@paranormalgamesstudios]

completely backwards

[@stevebrown4475]

Working for cash is the only way to put food on the table these days

[@louiseburnett5795]

P R O V I D E T H E L A W T H A T M A N N E E D S T O P A Y T A X T O A C O R P O R A T I O N I M P E R S O N A T I N G A G O V E R N M E N T

[@lynetteloton5084]

Bingo! What a rort.

[@margaretstokes1812]

Love how you are not swayed Senator Rennick. You are there doing a great job that's why the Liberals don't want you. Cannot believe how politics are so into their own agenda today instead of making it work for all of us. Thank you for your effort!

[@glennschadow-gw7qc]

Whats new

[@Ifyouarehurtnointentwasapplied]

Hear hear

[@MrWizardofozzz]

Senator Rennick, a good person, stands up for themselves, while a better person stands up for others.. Well done.

[@davmac6148]

I don't think our current Government composed by the greens + labor has any understanding on our taxation system, the necessary reforms it requires and above all the will to do good policies for all Australians. STOP VOTING FOR LABOR, STOP VOTING FOR GREENS

[@marks7471]

Let me tell you how it will be There's one for you, 19 for me 'Cause I'm the taxman Yeah, I'm the taxman.... Should five percent appear too small Be thankful I don't take it all. And you're working for no one but me.😀

[@glennboyd939]

I make minimum wage, yet I pay more tax than the entire Exxon Mobil company. People have had enough with global corporations and corrupt politicians.

[@victorgrech1136]

I'm retired early because of ill health I'm on minimum earnings from interest and still pay tax even as I'm saving the government paying me a disabled pension

[@HarryAirborne]

Why wasn't he treasurer for last L/NP government? Why didn't he get re-preselected for the Senate seat he holds? The Integrity, loyalty, & honesty of the most honourable Senator Gerard Rennick, whose Intelligent, well informed discourse in the Senate is a shining light of what democracy is, operating in the Westminster system of open parliamentary debate between duly elected representatives of the people, in search of just & fair solutions to issues of governance. Poetry in motion

[@Aaron-cz2ds]

The law where they can leave office and not be held accountable needs to be changed. We will see more retiring to run to corporate overseas jobs. Unless Mr T's 2017 executive Order covers them. Worth reading the crimes against humanity executive Order.

[@stevejanejamesjassteph5903]

If we mismanaged our responsibility like these, where would be be?