Cashing in on a crisis

Super profits have driven up inflation, robbing all but the wealthiest Australians, says Greg Jericho.
On this episode of Dollars & Sense, Greg and Elinor discuss the Greens’ ‘Robin Hood’ tax proposal, post-pandemic profits and the latest inflation data.
Greg Jericho is Chief Economist at the Australia Institute and the Centre for Future Work and popular columnist of Grogonomics (www.theguardia...) with Guardian Australia. Each week on Dollars & Sense, Greg dives into the latest economic figures to explain what they can tell us about what’s happening in the economy, how it will impact you and where things are headed.
australiainstitute.org.au // @theausinstitute ( / theausinstitute )
Host: Greg Jericho, Chief Economist, the Australia Institute and Centre for Future Work // @GrogsGamut ( / grogsgamut )
Host: Elinor Johnston-Leek, Senior Content Producer, the Australia Institute // @ElinorJ_L (x.com/ElinorJ_L)
Show notes:
‘Unemployment is rising and Australia’s economy is weak - but don’t hit the recession alarm just yet’ (www.theguardia...) by Greg Jericho, Guardian Australia (August 2024)
A stronger PRRT cap: A fairer way to tax gas super profits (australiainsti...) by Greg Jericho, The Australia Institute
War gains: LNG Windfall Profits (australiainsti...) 2022 by Mark Ogge, The Australia Institute (October 2022)
Principles of a good tax: Evaluating our taxation choices (australiainsti...) by Matt Grudnoff, Greg Jericho and David Richardson, The Australia Institute (August 2021)
Theme music: Blue Dot Sessions
We’d love to hear your feedback on this series, so send in your questions, comments or suggestions for future episodes to [e-mail] (mailto:[e-mail]) .
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[@russellgillick7938]

The Billionaires have already decided they don't want to pay any tax and thats the end of it.

[@HyperHorse]

Wrong.

[@beccssmith6285]

Too many Corporations pay no tax, year after year. Unions have been replaced with Business groups, unions for business, who make big political donations and have lobbyists in every Parliament in the country.

[@ErnestOfGaia]

Remember currently corporations, many, dont pay taxes or royalties on Australian Public resources

[@jinnantonix4570]

Not true. Gas companies pay 70% profits tax and royalties on 50% of resources. This is arguably a higher level of burden than Qatar and Norway. You are being lied to.

[@PeterTodd]

@@jinnantonix4570 Where are you getting these figures from?

[@beccssmith6285]

​@@jinnantonix4570😂😂😂😂

[@jinnantonix4570]

@@PeterTodd the figures are publicly available. Every company in Oz pays 30% company tax, PRRT Is 40%. Most onshore gas has a 10-12.5% royalty.

[@davidwilkie9551]

Universal Education?
Know your Self.