Greens Treasury spokesperson, Senator Whish-Wilson today is calling on the Government to explain their economic tin-ear when it comes to cutting company tax in a time of rising corporate profits, and cutting wages in a time of negative wage growth.
Senator Whish-Wilson said, “How on earth could a Government be so bloody-minded about pursuing an economic strategy that runs so counter to the economic reality that is seen in the data week in, week out?
“The Turnbull Government is sending a message to the Australian public that ‘we want you to earn less so they that they can profit more’.
“This is a government that is acting solely in the interest of corporations, even when their actions ruin against the interests of the Australian public.
“The public can see through this trickle-down nonsense. What they want is for companies to pay their fair share to workers, and their fair share to the tax collector.
“Wages as a proportion of national income has been falling for many years now and it is clear that Australian workers are no longer getting the advantage of whatever economic growth that comes our country’s way.
“The Turnbull government prescription of lower company taxes and lower wages will only make this trend worse,” he concluded.
Greens Treasury spokesperson, Senator Whish-Wilson
