The Housing Solution Australia doesn't want you to Remember + Teacher Pay More Tax than Oil & Gas
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The Housing Solution Australia doesn't want you to Remember
THE TLDR:Australia's housing crisis isn't a natural phenomenon - it's by design. In the 1950s-60s, the government built houses and provided direct loans with deposits as low as £5-10, achieving 70% homeownership. Today's system enriches corporate middlemen (banks profit $200K per typical home loan) while requiring $238K annual income to buy in Sydney. The solution isn't just "supply and demand" - it's returning to government-led housing provision like we successfully did decades ago.
KEY FACTS:
1️⃣ Historical Reality Check: Australia solved housing before: In the 1950s-60s, government-owned Commonwealth Bank provided direct loans, the Commonwealth State Housing Agreement built affordable homes, and deposits were just £5-10. Result? Homeownership jumped from 50% to 70% in one decade.
2️⃣ The Corporate Middleman Problem: Major banks extract $200K profit per typical home loan while acting as gatekeepers to an essential human need. This isn't adding value - it's extracting wealth from ordinary Australians and funnelling it to corporate shareholders.
3️⃣ Housing as Human Right vs. Profit Center: The current crisis serves property investors and banks perfectly while destroying economic opportunity for younger generations. Like healthcare, housing could be treated as essential infrastructure rather than a profit-maximizing commodity.
Delve deeper with our Punter Citations: TBC
Teacher Pay More Tax than Oil & Gas
THE TLDR:Individual teachers in Australia pay more in personal income tax than entire oil and gas corporations, despite these companies heavily using taxpayer-funded infrastructure like courts, police, roads, and ports. Regular Aussies are hitting 30-37% tax brackets while massive resource companies contribute less than schoolteachers to the public purse.
KEY FACTS:
1️⃣ Oil and gas companies claim they pay the wages of teachers and other public sector services, but teachers actually pay twice the tax
2️⃣ Over the last ten years, ATO data shows that all of Australia’s school teachers paid $95 billion in personal income tax, an average of $9.5 billion per year. By contrast, the oil and gas industry paid $12.5 billion in PRRT and $33 billion in company tax over the last ten years, or an average of just $4.6 billion per year.
3️⃣ The resource sector may claim that it is funding schools and hospitals, but it is doing little when compared to other industries (the profits from Australian gas extraction flow overseas to mainly foreign owners). We need genuine reform of the PRRT to ensure that Australians are getting their fair share from the oil and gas industry.
