Labor votes down action on price gouging   
2024-10-09
greens.org.au
Labor has sided with big business, voting down a Greens Bill that would have made price gouging illegal, showing they’re more interested in protecting corporate profits than looking after everyday Australians.

“Labor had the chance to stand up for Australians struggling with skyrocketing costs, but instead they chose to protect their corporate donors,” Greens Economic Justice Spokesperson Senator Nick McKim said.

“They talk about fairness and tackling the cost-of-living crisis, but when it comes to taking real action against the supermarket giants, Labor is nowhere to be found.”

“Major corporations like Coles and Woolworths will keep raking in massive profits, while shoppers are forced to pay more for their groceries, electricity, and other essentials.”

The Greens' bill would have made it illegal for corporations with substantial market power to engage in price gouging, with penalties of up to $50 million for those found guilty.

“Labor failed Australians today. This was a golden opportunity to hold the worst corporate offenders accountable for profiteering, but they chose to protect the billion-dollar profits of their mates in big business instead.”

“Labor tried every procedural trick in the book to stop the Bill going to a vote. They are embarrassed of their own position.”

“This Bill had the numbers to pass the Senate with Labor’s support.”

“If we’re serious about fixing the cost-of-living crisis, we need to rein in corporate power.”

“But Labor is either too compromised or too weak to take on the big end of town. Australians deserve better.”

The Greens will keep fighting for meaningful reform to crack down on price gouging and protect people from corporate greed.

So it’s not so much that Labor sided with big business, but rather that they opposed a piece of poorly crafted legislation?

Before enacting any laws that impinge upon the free market, it’s imperative that the policy is meticulously designed. It must be airtight, setting clear expectations for businesses while ensuring no exploitable loopholes remain.

I’ll look into the legislation later tonight to gain a clearer understanding of its contents.

However, if it’s anything like their half-baked "just cap rents bro" proposal, calling that a plan is generous let alone legislation, it’s far from ready for implementation.

The link for sir Crook's post:

https://greens.org.au/news/media-release/labor-votes-down-action-price-gouging


Politicians? -

they don't care about you at all,  at all,  at all.

Jump to 4:10

One of the biggest ripoffs at the moment is Tim Tams.

Last week they were $6 a packet at Coles. A few weeks back they were 2 packets for $7 or $4.50 a packet and I saw them for $5 a packet just recently.

Yesterday they were back to $4.50 a packet at Coles Belmont Forum. I don't know how much they were in Woolworths because I didn't go there.

They were also $4.50 a packet at our local IGA on the weekend (and the tag said the normal price was now $6).

Shrinkenstein

The New Packaging Prometheus

by

Mary Shilley

John Smith wrote on Oct 11^th, 2024 at 10:15am:


No lie, I’m deeply impressed by labor ( Penny Wong) work to improve relationship with China.
The removal of trade restrictions is symbolic and shows the damage done by Scomo and co has been repaired. Penny Wong is one of the better politicians, not only working hard but achieving results.

I still can’t believe labor voted against the greens bill.
They talk about cost of living crisis and than fail to criminalise those who profit from it!

They could have ( labor) negotiate with the greens only the poo scared ( as they should be) there going too be forced into a minority government and the greens will than control them ( labor).