Resource-rich nations can negotiate fairer terms with multinational corporations by implementing export taxes, as demonstrated by Norway's successful 78% tax on gas exports, which generated billions while maintaining industry profitability; Australia could similarly implement a 25% export tax on gas to fund public services like free TAFE, childcare, and university education, rather than allowing multinational corporations to capture most of the economic value from national resources.
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Gas Giants' $63 8 Billion Dollar GriftAjouté :
You see that ticker up there? That's how much the gas industry has shorted Australia in just 3 years. If you've got two people living in your house, five grand in 3 years. Family of four, over the past decade since they've been exporting our gas, 30 grand. You could literally have free electricity. They could have installed a battery and solar panels on every single house in Australia. But instead, we just gave that money to the multinational gas corporations. And we're only asking for a modest 25% on our exports, not on gas used in Australia. But right on cue, the gas industry's crying poor. But they tried this on Norway. But Norway, they said, "We want 78%." And the gas companies threatened to leave. Norway just said, "Done at the door, hitch in the ass." And they paid because they still make billions. It's time we took our fair share. Please share this video because they don't want you to. It's time, Australia. Cheers.
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