this post was submitted on 26 Mar 2026
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Australian Politics

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Andrew Hastie open to 25% tax on gas profits and says multinationals have ‘had a really good run’ on Australian wealth (www.theguardian.com)
submitted 1 day ago by arbilp3@aussie.zone to c/australianpolitics@aussie.zone
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[Hastie] said social media was full of “strong and pronounced” anger about corporate profits, from all sides of politics.

Pointing to Norway’s sovereign wealth fund – the largest in the world, with assets worth more than $US2.2tn ($A3.2tn) – Hastie said Australia needed to better plan for its own economic future.

“I’d love to see an Australian sovereign wealth fund that sets us up for generations to come."

Nice to hear something positive from the Opposition.

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[–] cat@aussie.zone 7 points 1 day ago (2 children)

doubt the liberals would support it once in power

[–] arbilp3@aussie.zone 5 points 1 day ago

You could be right but our economic landscape is going to change so much, from all accounts, it is important imo that Labor does this asap to cushion Australia from the fallout.

[–] Longmactoppedup@aussie.zone 3 points 1 day ago

This would get chucked in the things their corporate donors won't approve of basket and forgotten about.

[–] Eyekaytee@aussie.zone 3 points 1 day ago

i am surprised to hear this?

am i taking crazy pills?