Restore fair Interest Rates, manage inflation via GST
The issue
- Mortgages are “breaking” us (and renters are being squeezed harder than ever) — all because of a one-sided inflation control policy.
While interest rates soar 1/3 of the population are roasted, the rest of the population standby unaffected by the inflation measures applied, but in fact, progressing the problem. It’s time for change: a system where everyone shares the load.
Stop Interest Rate Pain — Demand a Fair Inflation Solution for All Australians
Australia’s current approach to controlling inflation relies on interest rate hikes — is deeply unfair and ineffective !
Only one-third of Australians carry a mortgage, yet they bear all the financial burden of the Reserve Bank of Australia’s (RBA) inflation strategy. Meanwhile, wealthier Australians who own their homes outright or even better and hold multiple investment properties outright are shielded from these cost, benefit greatly and augment the issue if inflation itself.
What We’re Asking For
We are calling on the Australian Government and Members of Parliament to recognise the failure of the current monetary policy and to commit to reforming the inflation control system. That is, a move from managing variable ineffective interest rates. We ask to consider an alternative method and suggest a variable GST system.
About GST vs Interest Rates.
GST applies to 100% of Aussies not just the 30% of the population who are mortgage holders (and other businesses ventures).
It has an instant effect on the economy across the board, (the next GST quarter) in lieu of pickings within that 30 percent of whom are not necessarily on a variable loan. The current method is extremely delayed in general.
The RBA see an inflation report in short term periods and respond by adjusting interest rates which manipulates only a minor part of the economy extremely negatively, and that effect is almost opposed by the benefits to the other 70%.
With GST, people will have a choice to buy goods and services and how much they really need things. Those people (the free) are not scrutinising pricing in reality, and for convenience sake they pay the inflated prices. “They” are the real effect on inflation!
Mortgage holders don’t have any choice about keeping the roof over their heads first, and then place the lower priced goods in the shopping trolley as a secondary need. It’s tinned food not fresh food.
Move the pressure-point on consumption away from the fundamental needs like shelter.
Our Proposal
Return interest rates to the 2% retail rate in line with earnings and mortgages.
Introduce a second GST, (leave the first one simple at 10 %) that can be made variable by each Quaterly period under the RBA assessment tools, allowing the government to manage inflation by adjusting this rate instead of relying on interest rate changes.
To have an equal “inflationary control”, to reduce interest rates back down from 6% to 2% the additional GST would be expected to be around 2.5% (possibly only 1% - the same as we currently pay for credit card surcharges) to make an immediate effect and can be brought back to zero easily once inflation is controlled. For consumers we see the bottom line price increases (due to the tax not inflation). the price is scrutinised, so the base price needs to fall to meet the market. Inflation is controlled by the majority of buyers not the victimised 30%.
Positively, this additional GST revenue can support communities and not be lost to banking profits . (Also remembering foreign owned bank-share on that profit is adding to our own national loss of economy)
This second GST, let’s call it “Inflationary Control Tax” (ICT) can be politically promoted in support of more urgent pressing needs for revenue such as fast train, EV charging rollout with the possibility that OTHER TAXES can be relaxed or abandoned.
We could even link this to climate policy, so Australia can meet its net-zero goals while easing cost-of-living pressures.
The original GST of 10% can possibly be balanced with the proportion of this ICT applied. The possibilities are endless.
Our own National Debts can be paid down with the extra community revenue. Even for investors, lower interest will be good for them, but also 36% tax rate not being negatively geared will be paid in Income Tax.
The bottom line point here is that if inflation is controlled via GST / “Inflation Control Tax” there a extensive advantages everywhere. A very positive action on the community rather than being so utterly damaging the way it currently is using interest rates so radically and ineffectively as they are now.
The typical scenario in case you are not following what this pain and call for help is:
A house bought with a $1M mortgage in 2020 had around $20K annual interest repayments on it. Families considered this doable at the time! Their decision was reasonable. The RBA suggested no change for 3 years. By 2023 the annual interest repayment was $60K, plus the principal component. That’s 40K p.a MORE every year AFTER TAX than they made a decision on. That’s around a 75K before tax income that is required.
It’s insane!
For many it’s impossible! All this applied in 3 years and remember the loans were assessed by banks at the threshold of affordability in the first instance when it was at 2%.
What does that do ?
We loose people from critical industries out of desperation to find more income, basic roles such as nursing and teaching and emergency services can’t pay the bills, all are under serious stress as staff seek better pay, or take on more and more work hours, or second jobs: Good, high achieving teachers can’t afford to be teachers. Good nurses are exhausted for the extra hours they take on. Life has dissolved. This is not just another 4 hours a week we are talking about it’s another 40 hour week again that is needed to make up the extra $70k.
It’s not fair !!! Not when the other 70% of the population are benefiting and being counterproductive on the inflation measures with their extra earnings on savings.
Mothers are missing out on being mothers as a dual income is now the only option., Our children don’t see their parents in those critical early years ! These are the critical years for that generation in every way. It is a cultural pandemic.
The RBA itself recognises that inflation is strongly driven by external forces. The inflation during Covid and again right through to now in the US - Iraq War has caused supply driven inflation and petroleum industry is laughing all the way to the Bahamas in the latest event.
Using interest rates to control this WAS, AND STILL IS ,WRONG! Prices have not come down. Have they ?
Small businesses such as cafes and restaurants, as they were supported by that 30% middle class enormously… are now at ends meet No affordable loan option to keep afloat. See the shops closed and abandoned. Even the iconic David Jones and Myers are grasping for survival.
Really, it’s good to have some life about our communities, some “music in the air”. Give us back those little freedoms in life - the social money we need, the social time we need.). This is a great proposal and even if you don’t have mortgage stress yourself, sign this petition and let it fly.
Keep interest steady and reliable, NOT TRIPPLE over short terms.
Why This Matters
This crisis affects millions of Australians — families, first-home buyers, and renters alike.
It is An EXTREMELY SERIOUS SITUATION!
Call to Action
Sign this petition to demand a fairer system, a productive system, to say that you are open to a proposal like this with a new GST in place of the serious pain of interest looming over a family home.
Send this link or email your representatives and say you are OK with the politics of change here.
Please pass on this change proposal to everyone you are comfortable with in your social networks and let them support it if they agree.
And if it saves you $70k a year please support this petition with a few dollars and Change.Org will send it to suitable people as a promotion.
It must change. Its only fair and it’s really good for Australia as a whole with revenue rather than lost money interest. It may even save a property crash… as affordability is somewhat repaired.
74
The issue
- Mortgages are “breaking” us (and renters are being squeezed harder than ever) — all because of a one-sided inflation control policy.
While interest rates soar 1/3 of the population are roasted, the rest of the population standby unaffected by the inflation measures applied, but in fact, progressing the problem. It’s time for change: a system where everyone shares the load.
Stop Interest Rate Pain — Demand a Fair Inflation Solution for All Australians
Australia’s current approach to controlling inflation relies on interest rate hikes — is deeply unfair and ineffective !
Only one-third of Australians carry a mortgage, yet they bear all the financial burden of the Reserve Bank of Australia’s (RBA) inflation strategy. Meanwhile, wealthier Australians who own their homes outright or even better and hold multiple investment properties outright are shielded from these cost, benefit greatly and augment the issue if inflation itself.
What We’re Asking For
We are calling on the Australian Government and Members of Parliament to recognise the failure of the current monetary policy and to commit to reforming the inflation control system. That is, a move from managing variable ineffective interest rates. We ask to consider an alternative method and suggest a variable GST system.
About GST vs Interest Rates.
GST applies to 100% of Aussies not just the 30% of the population who are mortgage holders (and other businesses ventures).
It has an instant effect on the economy across the board, (the next GST quarter) in lieu of pickings within that 30 percent of whom are not necessarily on a variable loan. The current method is extremely delayed in general.
The RBA see an inflation report in short term periods and respond by adjusting interest rates which manipulates only a minor part of the economy extremely negatively, and that effect is almost opposed by the benefits to the other 70%.
With GST, people will have a choice to buy goods and services and how much they really need things. Those people (the free) are not scrutinising pricing in reality, and for convenience sake they pay the inflated prices. “They” are the real effect on inflation!
Mortgage holders don’t have any choice about keeping the roof over their heads first, and then place the lower priced goods in the shopping trolley as a secondary need. It’s tinned food not fresh food.
Move the pressure-point on consumption away from the fundamental needs like shelter.
Our Proposal
Return interest rates to the 2% retail rate in line with earnings and mortgages.
Introduce a second GST, (leave the first one simple at 10 %) that can be made variable by each Quaterly period under the RBA assessment tools, allowing the government to manage inflation by adjusting this rate instead of relying on interest rate changes.
To have an equal “inflationary control”, to reduce interest rates back down from 6% to 2% the additional GST would be expected to be around 2.5% (possibly only 1% - the same as we currently pay for credit card surcharges) to make an immediate effect and can be brought back to zero easily once inflation is controlled. For consumers we see the bottom line price increases (due to the tax not inflation). the price is scrutinised, so the base price needs to fall to meet the market. Inflation is controlled by the majority of buyers not the victimised 30%.
Positively, this additional GST revenue can support communities and not be lost to banking profits . (Also remembering foreign owned bank-share on that profit is adding to our own national loss of economy)
This second GST, let’s call it “Inflationary Control Tax” (ICT) can be politically promoted in support of more urgent pressing needs for revenue such as fast train, EV charging rollout with the possibility that OTHER TAXES can be relaxed or abandoned.
We could even link this to climate policy, so Australia can meet its net-zero goals while easing cost-of-living pressures.
The original GST of 10% can possibly be balanced with the proportion of this ICT applied. The possibilities are endless.
Our own National Debts can be paid down with the extra community revenue. Even for investors, lower interest will be good for them, but also 36% tax rate not being negatively geared will be paid in Income Tax.
The bottom line point here is that if inflation is controlled via GST / “Inflation Control Tax” there a extensive advantages everywhere. A very positive action on the community rather than being so utterly damaging the way it currently is using interest rates so radically and ineffectively as they are now.
The typical scenario in case you are not following what this pain and call for help is:
A house bought with a $1M mortgage in 2020 had around $20K annual interest repayments on it. Families considered this doable at the time! Their decision was reasonable. The RBA suggested no change for 3 years. By 2023 the annual interest repayment was $60K, plus the principal component. That’s 40K p.a MORE every year AFTER TAX than they made a decision on. That’s around a 75K before tax income that is required.
It’s insane!
For many it’s impossible! All this applied in 3 years and remember the loans were assessed by banks at the threshold of affordability in the first instance when it was at 2%.
What does that do ?
We loose people from critical industries out of desperation to find more income, basic roles such as nursing and teaching and emergency services can’t pay the bills, all are under serious stress as staff seek better pay, or take on more and more work hours, or second jobs: Good, high achieving teachers can’t afford to be teachers. Good nurses are exhausted for the extra hours they take on. Life has dissolved. This is not just another 4 hours a week we are talking about it’s another 40 hour week again that is needed to make up the extra $70k.
It’s not fair !!! Not when the other 70% of the population are benefiting and being counterproductive on the inflation measures with their extra earnings on savings.
Mothers are missing out on being mothers as a dual income is now the only option., Our children don’t see their parents in those critical early years ! These are the critical years for that generation in every way. It is a cultural pandemic.
The RBA itself recognises that inflation is strongly driven by external forces. The inflation during Covid and again right through to now in the US - Iraq War has caused supply driven inflation and petroleum industry is laughing all the way to the Bahamas in the latest event.
Using interest rates to control this WAS, AND STILL IS ,WRONG! Prices have not come down. Have they ?
Small businesses such as cafes and restaurants, as they were supported by that 30% middle class enormously… are now at ends meet No affordable loan option to keep afloat. See the shops closed and abandoned. Even the iconic David Jones and Myers are grasping for survival.
Really, it’s good to have some life about our communities, some “music in the air”. Give us back those little freedoms in life - the social money we need, the social time we need.). This is a great proposal and even if you don’t have mortgage stress yourself, sign this petition and let it fly.
Keep interest steady and reliable, NOT TRIPPLE over short terms.
Why This Matters
This crisis affects millions of Australians — families, first-home buyers, and renters alike.
It is An EXTREMELY SERIOUS SITUATION!
Call to Action
Sign this petition to demand a fairer system, a productive system, to say that you are open to a proposal like this with a new GST in place of the serious pain of interest looming over a family home.
Send this link or email your representatives and say you are OK with the politics of change here.
Please pass on this change proposal to everyone you are comfortable with in your social networks and let them support it if they agree.
And if it saves you $70k a year please support this petition with a few dollars and Change.Org will send it to suitable people as a promotion.
It must change. Its only fair and it’s really good for Australia as a whole with revenue rather than lost money interest. It may even save a property crash… as affordability is somewhat repaired.
The Decision Makers
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Petition created on 3 November 2025