, 7 tweets, 5 min read Read on Twitter
How good are Franking Credits?... A thread 1/7
Go for that tax give away if you can get it.
Gather up every last cent in #Frankingcredits where possible...
And then redistribute it.
Be the govt we don't have.
2/7 The #frankingcredit handout that goes mostly to shareholders with $2 M or more is set to continue indefinitely.
Over the next 10 yrs we'll need to find $58B for fund tax refunds to ppl who pay no tax.
And the election has simply made more ppl aware of this free money.
3/7 There have now been calls to broaden or increase the GST to fund this unsustainable give away.
The media have forecast cuts to govt services to raise revenue.
No matter which way you look at it, the poor will be paying long & hard, for this #frankingcredit 'gift'.
4/7 But WE can be the govt we don't have & desperately need.
Our plan is to redistribute our #frankingcredits.
Ppl can say it's foolish. But here's the thing. It's not our money. It's yours!
A moral choice...sustainability & social justice over self interest.
5/7 There are many ppl who could benefit from the reallocation of #FrankingCredits
The sick, homeless, children, unemployed, asylum seekers, physical or mental disability, indigenous, elderly, minority groups.
The list goes on and on.
6/7 I'd like to help ppl on the min wage with rent assistance.
This addresses two issues I feel strongly about.#AffordableHousing #LivingWage
The avg renter on min wage faces 60% rent stress.
That's twice the mortgage stress level while paying someone else's mortgage.
7/7 If like me, you feel conflicted about your #frankingcredit refund.
This is a great way to fight that election again
And this time you can win... a personal landslide victory.

#Payitforward #redistribute #auspol
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