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Endless greed in the banking sector won't be stopped without major reform

GreensMPs 28 Sep 2018

Greens Treasury spokesperson Senator Peter Whish-Wilson and Leader Dr Richard Di Natale have this afternoon welcomed the release of the interim report of the Banking and Financial Services Royal Commission, saying we must now undertake serious reform to clean up the endless greed in the sector.

“Scott Morrison famously said when announcing this Royal Commission that it would not be ‘capitalism on trial’, but it’s now clear that’s exactly what it is, certainly it’s the worst excesses of capitalism on trial,” Senator Whish-Wilson said.

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It's time to break up the banks: Greens

Leader of the Australian Greens Dr Richard Di Natale and Treasury Spokesperson Sen. Peter Whish-Wilson today unveiled a proposal for a sweeping overhaul of our banking and financial services sector, as well as the regulatory and governance system underpinning it. Simply put: it's time to break up the banks.

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Greens urge Labor to change tack and block Turnbull tax cuts in Senate

Adam Bandt 24 May 2018

Greens urge Labor to change tack and block Turnbull tax cuts in Senate

After Labor last night voted in the House to support Turnbull’s tax plan in full, Greens Deputy Leader Adam Bandt today said that the Greens wanted to stop the government’s assault on egalitarianism and that Labor should help.

“The Greens want to stop the Liberals’ assault on egalitarianism but right now, Labor’s complicit in these attacks,” said Mr Bandt.

“Every time Labor joins in the tax cuts arms race another piece of Whitlam’s welfare state dies.

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Greens say “No Deal” to Labor and Liberal’s tax cuts

The Australian Greens today ruled out supporting both the Coalition and Labor’s personal tax cuts, calling for greater public investment in essential services instead.

“These income tax cut are nothing more than a bribe to try get their massive company tax cuts over the line. People on minimum wage won’t even see $4 a week, with the wealthiest Australians benefiting the most. 

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Labor puts the poor last with promises on debt and tax cuts but nothing on Newstart

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Malcolm Turnbull’s Trump-style budget a dead end for Australia

“Rarely do budgets give us such stark choices about what kind of future we want for our country, but this one surely does. We have a clear choice between the Liberals’ selfish, dog-eat-dog worldview or a more caring society where we look after each other,” Dr Richard Di Natale said.

“Under the Government’s radical US-style tax plan, a hedge fund manager on $200,000 gets 10 times the tax cut as the person who trims the hedges around his mansion. 

“We have a progressive tax system in Australia but now we have a fight ahead of us to keep it.

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