Your Beer Is Taxed More Than Our Gas Exports | We Did the Numbers on What Could Have Been
Australians pay more in beer tax than what the government collects from companies exporting our gas. Senator David Pocock has been calling it out in Parliament, it's doing the rounds, and it's got Jase fired up. He's done the numbers on the petroleum resources rent tax, looked at how Norway faced the same situation with their oil boom and took a very different approach, and what a 10% levy on Australia's resource exports over the last 20 years could have built.
The Numbers Game · Nick Reilly, Jason Robinson
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Show Notes
Australians pay more in beer tax than what the government collects from companies exporting our gas. Senator David Pocock has been calling it out in Parliament, it's doing the rounds, and it's got Jase fired up. He's done the numbers on the petroleum resources rent tax, looked at how Norway faced the same situation with their oil boom and took a very different approach, and what a 10% levy on Australia's resource exports over the last 20 years could have built.
On this episode, we discuss:
00:00) Intro
(00:17) Australia's Beer Tax vs Gas Export Tax
(00:40) David Pocock's Beer Tax vs PRRT Video in Parliament
(01:47) $2.7 Billion in Beer Excise vs $1.5 Billion from Gas Exports
(03:00) How Much Tax Do Teachers, Truck Drivers, and Emergency Workers Pay
(04:16) Australia's $1 Trillion Government Debt
(04:43) Australia Pays $67 Million a Day in Interest
(06:21) Where Australia's Tax Revenue Actually Comes From
(07:13) Norway's Oil Tax and the $2.5 Trillion Sovereign Fund
(08:49) $460,000 Invested Per Norwegian Citizen
(10:46) What a 10% Australian Resource Export Levy Could Have Built
(13:54) The Prime Minister's Response on the PRRT
(15:46) Career Politicians and Short-Term Thinking
(17:32) Paying Politicians More to Attract Better Leaders
David Pocock's Senate question on beer tax vs gas tax: https://www.youtube.com/shorts/UZln5YCghKo
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The Numbers Game is brought to you by Future Advisory & Inovayt.
Hosts:
Nick Reilly
Jason Robinson
This podcast is produced by VIDPOD.
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