Your Beer Is Taxed More Than Our Gas Exports | We Did the Numbers on What Could Have Been

Australians pay more in beer tax than what the government collects from companies exporting our gas. Senator David Pocock has been calling it out in Parliament, it's doing the rounds, and it's got Jase fired up. He's done the numbers on the petroleum resources rent tax, looked at how Norway faced the same situation with their oil boom and took a very different approach, and what a 10% levy on Australia's resource exports over the last 20 years could have built. On this episode, we discuss: 00:00) Intro (00:17) Australia's Beer Tax vs Gas Export Tax (00:40) David Pocock's Beer Tax vs PRRT Video in Parliament (01:47) $2.7 Billion in Beer Excise vs $1.5 Billion from Gas Exports (03:00) How Much Tax Do Teachers, Truck Drivers, and Emergency Workers Pay (04:16) Australia's $1 Trillion Government Debt (04:43) Australia Pays $67 Million a Day in Interest (06:21) Where Australia's Tax Revenue Actually Comes From (07:13) Norway's Oil Tax and the $2.5 Trillion Sovereign Fund (08:49) $460,000 Invested Per Norwegian Citizen (10:46) What a 10% Australian Resource Export Levy Could Have Built (13:54) The Prime Minister's Response on the PRRT (15:46) Career Politicians and Short-Term Thinking (17:32) Paying Politicians More to Attract Better Leaders David Pocock's Senate question on beer tax vs gas tax: https://www.youtube.com/shorts/UZln5YCghKo   Check out the free resources from Inovayt here. Send us an email: [email protected] The Numbers Game is brought to you by Future Advisory & Inovayt. Hosts:Nick ReillyJason Robinson This podcast is produced by VIDPOD. Check out our new website thenumbersgamepodcast.com.au. Browse the full show catalogue, jump straight to specific moments on the topics you love, or leave us a voice note. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.