Economy
Taxpayers’ money shouldn’t be invested in cigarette companies
Dear friend,
Smoking kills 15,000 Australians every year. So why does Australia have $250 million of taxpayer funds invested in cigarette companies?
It’s time for the Future Fund to remove Australian taxpayers’ money from investments in tobacco companies.
The Future Fund was created in 2006 to cover the government’s superannuation liabilities. It’s hardly reasonable that, out of its $80 billion investments, a quarter of a billion dollars is invested in tobacco companies which destroy people’s lives.
Using Australian tax dollars to prop up tobacco companies just doesn’t pass the basic test of sense and decency and it has to stop. I’ve been working, both inside the Parliament and outside, to highlight this unethical use of public funds. Now I need your help.
The the full media release HERE:
Richard de Natale