This proposal, known as the “Robin Hood” plan by the Greens, has been a central aspect of their tax reform advocacy for some time. It involves requiring Australia’s 150 billionaires to pay a 10% annual tax on their total wealth.
This initiative is part of the Greens’ commitment to enhancing vital services such as dental care within Medicare, reinstating bulk billing for general practitioners, and implementing uniform 50 cent transportation fares nationwide.
Under Julia Gillard’s Labor minority government in 2010, the Greens added dental into children’s Medicare.
The policy has been previously criticised over fears billionaires could dodge the tax by under-reporting earnings or giving to charity.
The Australian Financial Review conducted the Freshwater Poll in December, revealing a shift in voter support towards the Coalition, which gained 10 additional seats, rising from 57 to 67. Meanwhile, the Labor party would see a decrease from 78 seats to 71.
29 per cent of voters tipped a Coalition-led minority in last year’s poll.
