Real Economic Changes

Based upon the decline in Australian living standards which are attributed to the following

1. The Com Bank CEO advised the Senate enquiry, people with a high interest mortgage have an effective inflation rate 3 % higher than people without a Mortgage.

2. Switzerland’s inflation rate is 0.4% YOY June 2026, and their Mortgage rates are 1.5% to 2.1% fixed for 10 years.

3. Clearly Glencore contributes to its economy especial when they received money from the Qld and Australian governments to rebrick the Mount Isa Copper Smelter. Glencore just realized a $4.4 Billion profit for the year, let alone the rise in the Copper price over the last 4 years. Interestingly Glencore announced the new Copper Smelter in Chilli late 2025.

4. Clearly High Interest rates and subsidizing Multinationals and other countries Governments is not assisting our economy

Strategies to provide real change as follows

1. Tax Multinationals 5% of their Turnover without deductions instead of their smoke and mirrors profit.

2. Wage and Salary risers should be at CPI rates

3. Home Mortgage rates should be at 3.6% fixed for the duration of the loan

4. Australia Post should be given a Lending arm to assist with competition in the banking sector as Australia post executes a lot of the big 4 work with the reduction of services and branches

5. Do not reduce Tax rates and Lift the Tax-Free threshold to $40000 as a simple and fair alternative, as High Income earners have the opportunity to invest and receive tax breaks, while Low-income earners live week to week.

Based upon the state of the Economy, Words are not required, but Action is.

Receiving a pay rise and increased tax due to bracket creep only provides a cup of coffee to most

We need Real Change

If you support the above please sign the E Petition EN10543