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2026-08-19 05:14:42 UTC
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RaymondPierreL3 on Nostr: Hate to burst your bubble, but even if #AUKUS was somehow *cancelled*, it would ...

Hate to burst your bubble, but even if #AUKUS was somehow *cancelled*, it would absolutely not free up billions for NDIS. The AUKUS money comes out of the Defence budget over a period of 10 years. There is no separate AUKUS money per se, it’s all in the overall defence funding commitment sitting just above 2% of GDP.

The only way to fund NDIS properly is through #TaxReform; increasing tax revenue by cutting out all fossil fuel subsidies and properly taxing #GasExports (like every other country does). There are other #taxChanges that need to be made to recover AUS$ that are making their way overseas taxfree as well (in the billions of $).

Australia remains one of the few (might be the only one actually) OECD countries which is over-reliant on wage/salary taxes as revenue.

#TaxTheRich #