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Manufacturing union says Australia’s tax system is ‘rigged’ in bold manifesto ahead of Labor conference

Manufacturing union says Australia’s tax system is ‘rigged’ in bold manifesto ahead of Labor conference

Summary

The Australian Manufacturing Workers’ Union (AMWU) has released a detailed plan calling for major tax changes, including higher taxes on the rich, wealth, and inheritance, as well as more revenue from gas companies. The plan aims to fund free education, better welfare, and public aged care, and it will influence discussions at the Labor party’s national conference.

Key Facts

  • The AMWU’s manifesto proposes a new tax rate for people earning over $500,000 a year.
  • It suggests a wealth tax on assets except the family home and an inheritance tax on large inheritances.
  • The manifesto calls for higher taxes on gas exports and reform of the petroleum resource rent tax.
  • The Labor party is expected to support some of these policies in principle at its upcoming conference.
  • The union wants to add dental care to Medicare and make all education, from childcare to university, free.
  • The plan includes raising welfare payments and nationalizing the aged care system.
  • Workers should have a say on how artificial intelligence is used at work and share profits from it.
  • The manifesto supports Indigenous sovereignty and justice, including adopting the Uluru Statement from the Heart and removing symbols tied to colonial oppression.
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