“End the Housing Crisis”

Our campaign for the CFMEU emphasises the urgency and injustice that the housing crisis in Australia represents. We point out the obvious, which is that, there is something clearly very wrong when, while corporate profits for our largest companies are through the roof, some Aussies can barely afford to keep on over their head. 

Drawing upon economic modelling, we argued that the government needs to establish a super profits tax to address housing inequality in Australia. If implemented, it would be a game changer; the revenue from an economy-wide super profits tax (SPT) is modelled to raise $290 billion over the next decade and fund the $28 billion per annum required to ‘close the housing gap’ in social and affordable housing by 2041. 

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