Explaining the budget... with rice
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- เผยแพร่เมื่อ 20 ส.ค. 2024
- If a single grain of rice is worth about $58,000 (the median salary), how much rice do you think Gina Rinehart and Clive Palmer will have after this government’s new tax cuts?
Adam Bandt is here to explain.
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We are staring down two big challenges right now - the climate crisis and supercharged economic inequality. These problems are being left unaddressed by a government that prioritises profit for big businesses instead of people. They put the millionaires ahead of the millions.
But we have a chance to map our way out of the jobs and economic crisis and into a fairer, more sustainable future.
That’s what the Greens recovery plan will do - drive the economic recovery by investing big in our future and leaving no one behind.
Find out more about the Greens' Invest to Recover plan here: greens.org.au/recovery
When pointing out this criminal inequality is considered "far left extremism" by the majority we are not headed for disaster, we're living it.
Thank you Adam for being my voice, I'm glad we finally have someone fighting for the everyday Australian
lol, yes we are given the "impression" that this way of thinking is "far left extremism". The reality is not so irrational. In order to have people thinking the way you want them to think it helps to have them believe that everyone is thinking that way. Humans tend to follow mob rule... Until it gets uncomfortable.....
More of this from the Greens please. This kind of messaging cuts through better than some of the other material.
Sort of. This guy can afford to throw rice on the ground, but still looks better than the rest
@@hubtubby The nuclear power points will not allow our children a life, aviod like the plaugue Bo
@@user-rz1qv8dt1p I don't understand your language, I do agree that we should avoid nuclear power though.
The budget was literally insane.
A once in a generation opportunity to really set the direction right.
& FF Subsidies really sickens me
How the heck have you not won yet!? Youre all brilliant! Im british but honestly we need an Australian greens for every country!
So proud to be a member of the Greens
Jeff Bezos income:
*fills entire room with rice*
Assuming he's not just exclusively talking about Australia of course.
This video really helps put the corruption into perspective, share the hell outta this!!!
Well done Adam and the Greens. This is brilliant.
POV: Adam soothingly pours rice on your face
I think this video would be greatly improved if you acknowledged the switch from annual income to net worth.
Even better would be if you had both measures, as well as net money paid to/received from government in last financial year for each of the entities considered.
Using different measures for different groups seems disingenuous, will lead to some confusion and may lead some people to dismiss the intended message.
I had the same thought about the income/networth difference, but realised that it is probably very hard to find what the mega rich would 'earn' in a year. I would guess that they pay tax accountants a lot of money to have their earnings as close to zero or even a loss
@@tommo785 wrong I meet a retire that paid $385000 tax on a Million dollar lambo at track , the rich pay alot of tax... Calculate taxes you pay 125
Agreed. I like the video but it’s an important detail.
most of these rich people are making money from Australia resources anyways..
It'd be nice if this went viral!
They can buy Views. $2.80. Per 1000. Q Q T U 8 E (dot) C 0 M.
Wait we can buy them for them.
Might be cheaper and quicker then running 4 pc's with this video on a loop using basic scripts.
@@soarer282 😒😗🙁😗🙁😕🥳😋🤩😋😒😘😞😘😏🥳
I like Adam Bandt and a lot of Greens views. Tempted to vote for them next time. Just wish they weren’t so relaxed on national security.
Good way to put it into perspective, just next time please put down a cover so the rice isn’t being wasted lol
Omg...
This literally blows my mind. An American entrepreneur, Andrew Yang as well, has seen this massive problem where millionaires are hoarding in their wealth, income earnings and get away with frudulent taxations which could have added valuable to the Australian people. With the next industrialisation in automation, human labour will decline. This will impact severely to us, which will expand the poverty line in a tone fold. We need a foundation supported by equitable investments, a fairer taxation system on the wealthy to say to the people that we deserve a chance, to reskill and re-educate ourselves into different sectors in times of crisis like the pandemic for example to feed ourselves, pay our bills and send our children to good schools.
We need more financial issues outlined in this format especially to the young people like myself who are new to the tax system.
More of this as you refine your message to reach more people :)
That was very good thank you Adam Bandt. I'm sharing.
Awesome work Adam Bandt! A party with ethics AND solutions. So welcome in the political morass of the moment
Brilliant adam
No better way to explain inequality
Great stuff. Minor issue, I can see right wing people calling out comparing the total savings of Gina and co versus the annual salary of your average person. Might be good to have a little "this is all that your average person earns in their life" to put it in perspective. Also, "Canberra" is spelt wrong on the authorised bit :)
Income is Taxable, that would be why people like her officially don't receive one here in Australia. The source of their income is usually from an office in a country that taxes income even lower than Australia.
That net worth total is also probably just what is exclusively within Australia.
None the less, valid point. And frankly it's also a reasonable argument, despite the forementioned complexities of why using their income would be pointless.
Something Adam fails to mention is his and his MPs own income, or any MPs or politicians income. Let alone their retirement packages.
Honestly, if the PMs half a million dollar a year income the tax payers money is being spent on then what other wasteful over expenditure is occurring throughout the system?
I reckon they all should have their income reduced to a quarter of what it is currently. Backload it and give them a more generous retirement package.
To incentivise people joining public office to do it for the right reasons. Have an independent investigation and audit department that is permitted full access to view and question MPs etc under oath about their personal finances & business associations. Including close friends and family.
All this monitoring, investigation and pliminary questioning done in house first. But if any matter moves past that it becomes public and the person under investigation is automatically stepped down with income & finances held.
This department would also continue to monitor former MPs finances and business dealings. If they are found to have benefited themselves or any other entity associated with them from their time in office then they will be criminally liable and their government retirement rescinded. Requiring them to pay back any used/spent/withdrawn denomination from the total goverment provided retirement amount they received.
If they move on to any high ranking/paying position after retirement, that is found to be not a direct result of their time in office, they lose the remaining government retirement from the date of commencement of their new position.
The backloaded retirement package would be paid in the same manner as their former government positions salary over a period no less than 10 years.
This will ensure that total Government expenditure for these year on year payments remains manageable by pooling all of the retirement funds together to accrue interest for later payments.
Part of the collective retirement fund will be used for infrastructure and other projects to improve Australia.
Long-term (5-10 year) investment projects will be the only ones considered, poor decisions on these projects will result in a proportional reduction in the MPs total retirement who are at fault.
An example of this would be the current NBN, Malcom Turnbul whom proposed the alternative to the Labor backed plan would be a MP found to be at fault for the excessive costs being well over budget, past due on finalisation and lack of substantial return or improvement.
At least that's how I would like to see it all handled.
Fantastic video
Dang, I can't even afford to throw away rice like that.
You could probably still eat the rice if you scoped it up and put it into containers. When you boil the rice it will kill of all the germs that were on the table and carpet.
Legends say that to this day, they are still cleaning the rice up from the floor
Major emotionally impactful to watch this. Thank you.
Go Greens!
Great video.
It's important to compare wealth with wages. Ordinary Aussies have to work for every $ they have. Billionaires get richer just for being rich! (rent, dividends, licences, interest...)
Nice
Every Australian voter needs to see this! How can we make that happen?
My dude secretly roasting Clive Palmer lol
Imagine cleaning that up…
I love the visual. Humans are not capable of truly comprehending large numbers.
Another perspective on the tax cuts, that million unemployed could be paid $50K a year with that much money.
All donations over $100- AUD should be banned.
This man is Phenomenal
Even if we just clawed back the tax owed, that would really help.
Also, Canberra is spelt wrong at the end.
Great piece of political Theatre.
Why the rice grains may not be an accurate reflection of the unfair distribution of wealth in Australia but it was a good show.
Always tax the richest people a decent percentage that the normal hard working people pay.
Masih terkendala bahasa 🤦🤦🤦
Mulai belajar hari ini ..
////Secrets////
Good demonstration. You have serious sway in the senate now. Also four in federal. You can push ALP working on legislation just like the Gillard years(best economy/second best environmental policy). Australians used their preferences this election, we're going to be watching the senate and crossbench.
Saat ini aku hanya sedang tidak ingin merasa tegang...
I’m worth half a grain of rice … yep. That’s what I live on with my wife and 2 kids who have another grain of rice
So where does the rice come from?
Big buisness 😉
this analogy, upto Gina, should've been used as an Ad in this campaign, please :)
16.7k thousand upvotes on Reddit
... worth and salary ... are they the same?
... so you'd sell off the resources needed for the business to do it's job?
@@eleonoraformatoneeszczepan8807 net worth is how much money they have in their bank accounts, not business assets.
Please post to Instagram so people can share
Dont get me wrong, im a greens supporter but it just erks me that you went from yearly salary to net worth.
Hey it could of been even more shocking because people on low incomes generally rent and have zero disposable income to acquire assets..while the wealthy acquire assets that produce income and increase in value.
I just dont understand why you changed the perimeters of the example, it hurts my senses.
Hmmm, I thought I saw that too.. Agreed it's not apples with apples.The reason these big entities actually avoid tax is because they negatively gear their real-estate. There's one simple solution to all that - reduce income tax add property tax
What about all of the forgein owned Electricity companies that pay little or no tax...
The not forgein owned the franchise , utilities are tax
One taboo budget allocation missing in this excellent video is how much we waste on joining the empires in all their war mongering.
when you bought into the corona craze and have excess rice...
Inequality is a deep problem yes. but how the greens want to change it and how far they will go to do it is also a problem. Its also a much deeper problem on other levels that the greens can barely seem to scratch the surface of.....
I hate the tax system in Australia a millennial, but I'm going to be worse off under communism there no middle class paying over 100% taxes . I would like to own a investment property in the future and a porsche 911 gt3 rs but it tax $180000 in Australia
This is good
This guy is nuts, do not let them in just got unlawfully door knocked by his henchmen. Adam you are on millions yourself hmmm
Ok but what you arent actaully explaining is that the billionaires in the video dont actually have that money. The own shares in companies that are worth that much money. That 49b in revenue brought in by gas actually pays alot in wages, tax and running costs etc....tax subsidies are not the same as debts, also a subsidy isnt a payment its a tax refund. This entire video is deceptive and wrong.
"Your words mean nothing. Take action, if you dare." - Anubis
What did you guys do with the rice? I know it gets washed/steamed/boiled at the end of the day but truthfully the idea of eating carpet rice doesn't sound too appealing lol.
It's an important message you've got here but I do think you should've mentioned why you switched from income to net worth (even just a line about how many CEOs/billionaires purposely obfuscate their yearly income so they don't have to pay tax).
I agree with everything you said, but think it's important to mention that minimum wage for 40 hours per week is under $40,000, and pensions etc are less than that.
As a side note.. for a bit over 20 years now, most easily accessible jobs employ people as Casual, not full-time or part-time. At the same time this happened, banks refused to lend to Casual employees.
My wife and I earn less than that grain of rice, and that is a combination of TWO incomes. And before anyone thinks I'm a special exception, that's the richest anyone in my family has been in my lifetime.
It wasn't all that long ago I was earning $11,000 a year.
Underemployment in Australia is shocking. Casual employment should be banned. I suffered from it for years, working full-time hours, no sick pay, get the flu and no money for a week! You have to rent or live with parents as you can't get a home loan. It's a huge problem. Underemployment should not be considered "employed", it's not.
How about bringing the price of all daily goods including fruits, vegetables and other foods below dollar per kg where there is no labour cost to produce this huge product meanwhile heavier machine are highly engage?
I'm a left leaning voter but there are a couple of things in this video that annoy me.
1. Why do you start comparing incomes and then switch to wealth? You should be comparing mean and median wealth if the billionaires incomes aren't measurable.
2. The tax cuts aren't a bad thing if you come from a position of MMT thinking - they are a bad thing if the government returns to its stupid mantra of budget surpluses at all costs, and therefore cuts spending. We should be tying them down to not cut spending in the future. The tax cuts go some way to addressing brack creep.
On the other hand having a progressive tax system should be the goal... I guess I'm confused on what theory is correct.
Anyone considering voting for the greens to save Australia, I encourage you to first watch ‘Free to choose’ by Milton Friedman. You won’t regret it.
OBSCENE !
Wow! You may have to import more rice from China.
How many ordinary workers put themselves and their assets forward to undertake the worries and stress that big business ,making tough decisions wondering whether they will win or lose ?
You're gonna need a bigger vacuum cleaner
Richest person is a woman?
And how much do you get pal ?????
How much rice would be shown if you had a pile for all the working people as a entire lump some. Technically that's what you are attacking, or defending.
Showing a single persons wage against companies and billionaires is jarring, but it's not showing me a visual cue of what 24 million people combined efforts are.
+
I would love to see what happens when the super rich die. What happens to their money ? does that trickle down over 100s of years. Bill gates billions, where is that in 100/300/500 years time ?
No. One person should not be worth 22b and it would be disingenuous to compare that to 24 million people. Insane to think that's a fair comparison!
@@diggitydingdong disingenuous showing 1 mans wage vs companies.
Why shouldn't 1 person be worth 22bn ?
For this conversation I will be neutral due to looking for answers. Get no where agreeing or disagreeing with you.
What about also taxing the politicians much more , take away the perks from when you / they retire and a reduction of all public sector roles .
Also, what a waste of rice / food . Shame on you
i'm sure they cleaned it up after. most of it didn't touch the floor so it's still edible. I agree with you though. politicians probably should be taxed more, but I personally think the other benefits they receive are fine, and i think the current public sector is fine.
Adam Bandt, what I get from this video is that you are jealous of those who worked there way to there income. What do you earn mr Bandt?
I don't need a maths lesson from you, I have been to school also.
"…jealous of those who worked *their* way to *their* income"
Mr. Anzellino, I'll have you know Gina Rinehart (AU richest person, mentioned in video) was BORN into ONE of the LARGEST LAND OWNING FAMILIES IN AUSTRALIA. On top of that, she INHERITED her fathers MINING COMPANY.
As is the case with most of the ultra-rich, their income is a result of birthplace and conditions, preexisting fortunes, and non replicable luck. The least they can do is pay their taxes and contribute to helping out the less fortunate, but alas.
If you didn't understand from the video, Adam Bandt is not jealous, he is tired. Tired of the exploitative nature of these billionaires' income, and tired of their subsequent tax avoidance.
Defending these practices is unfathomable.
"You went to a school"... clearly not a good one. ba dum tssss
@@gabrielgiuntoli3338 With respect, your comments are way off the beaten track.....I'm certainly not jealous of those who have worked their way to their income, regardless of how it was achieved or if they were born with a silver spoon in their mouth i.e. BORN to rich parents. It is what it is, no-one chooses their parents.....natural order of reproduction, some are lucky, some not so lucky You certainly don't know me but yet you spit out unsubstantiated assumptions to my person regardless of your lack of knowledge about me and or my education history. You seem to have this overriding consumption of hatred for the rich in your heart, I am not saying that this is your case but that's how it reads, too me.
In your words, "Adam Brandt is not jealous, he is tired. Tired of the exploitative nature of these billionaires' income, and tired of their subsequence tax avoidance." The answer is in your own comment, they are in a position to afford countless taxation auditor's to assist them to reduce their taxable income to a minimum or to nothing. That's the way our taxation system is set up. Life is difficult for the majority of Australian's but we have to live with it for the time being.
I never stated I was in favour or against the rich paying taxes it in my comments...I pay my share of taxation like most people do.
To stop this from happening you need to change the taxation laws through parliament. As the Green's Leader, Bandt commands a very small group of parliamentarians and therefore doesn't have much swaying of the main group parties in power.
It's my belief he is going about it in the wrong way.
Adam bandit a communist that wishes he was a billionaire
Is this guy serious? He is not comparing normalised data. He look annual income compared to net worth. Yea 10% of a bigger number is more than a smaller one. Australians need financial education not this BS.
If your salary is one grain of rice, it's likely your net worth is no more than 10 grains. Yes it should've been normalised but it would not make a dent in the scale at all
@@diggitydingdong The guy is also picking the average person vs people that employ 1000s of other people via the business they have built. Its complete BS to look at it this way and provides no actual information. Regardless of how it's sold to simpletons to get votes, socialism has never worked ever in the history of humanity.
@@flyingrc2041 its nt socialism, socilism irradicates the upper and lower class, the greens are just tryna irradicate the lower class
You didn't quote Gina's annual income nor Clive Palmers! You quoted their overall wealth. Maybe do it again so it's more honest.
@Liam If your going to compare personal wealth then do it the same for everyone, dont move the goal posts! I don't like Clive Palmer either but keep it honest.
@Liam what they spend it on is irrelevant, all what matters is taxable income..
@Liam you need to use the same format for all parties involved! Its the only way to be 100% honest! Using personal wealth for 2 people only comes across as a socialist aooroach.
@Liam you pay 125 taxes a yr , your brainwashed
@Liam tax to much , council regulate to much pushing up costs to build he lying
You started to talk about wages, then went onto net wealth. What is the average persons net wealth? What happens when you tax big business too much? Wouldn't they just leave? Some people just never want to work. What happens when you run out of someone else's money?
i'll try to address those questions
1. _what is the average person's net worth?_ According to a google search i did it tends to steadily rise with age. the source i found says that by age forty it should be around $392,000 not including debts, or about 7 rice grains. most Greens voters are young so for them it's probably lower.
2. _if we tax big business too much will they leave?_ big corporations always like to threaten to leave when new taxes approach but in practice it very rarely actually happens. This is because moving a business overseas is an expensive process and doing so cuts out millions of potential customers. Not a smart move. Most of the time businesses prefer to reluctantly live with the taxes while they search for new loopholes to take advantage of.
3. _what happens when you run out of someone else's money?_ I'm not sure what you mean by this. could you please rephrase it?
Most of what was made in Australia is now made overseas. The cost of manufacturing, wages and taxes all contribute. Taking money from someone because they have more than you is stealing. Some people will make better decisions in regards to money than others. So is it right to take their money through taxes, just to give to someone who wasted theirs?
That's based on the assumption that people that are poor are usually poor by choice, which is not a true statement. Most people in poverty got their not through bad decisions but simply bad luck. for example they might be born into it, might have failed nearly every job interview they've ever done because of a minor criminal conviction they received years or decades ago, might be held down by high debts brought on by unavoidable expenses like rent or university, or any number of factors.
as for "taking peoples money because they are richer than you is stealing" you are correct. it's not right to simply take away money just because one person is richer than the other. But that's not what these taxes are about. They're about taking money that was gained through the unfair advantages that come with already being monstrously wealthy. It's not about creating absolute equality out of some petty sense of jealousy, it's actually about preventing the wealth gap from rising.
@@iamseamonkey6688 Most the countries in the world that are rich are based in stolen wealth from the native peoples.
@@mat7883lower class has sky-rocketed in Australia 40 yrs , because taxes increased yearly
The size of his brain
at least he has a brain
@@cjackb01 his got nothing. The greens a nothing but a tic on society.
What you jelly. Greens are good for Sweet FA.
This analogy is based on different data between the wealthy and the average Australian, so hardly a well presented dismeniation of information trying making a point, you have discredited your presentation. I don't see politicians wages which are generally twice the average Australian as part of the scenarios either. Trying to say 100% green energy is a viable investment is also a mute point, thats been debunked, as the so called pay off now will have huge implications for future generations.
i'm sorry but this is misleading. I hope to be one of the ceos when im older, not someone like you btw
Or own a business
how is it misleading?
All they do is complain and compare them selves to ten people in Australia. There’s 25 million other people to compare yourself too. I highly doubt any of those billionaires went to public school and dropped out to be a tradie. They don’t offer effective solutions. This is so stupid.