Remittances leaving Australia represent our 5th largest Export by value.
But instead of bringing in money for the benefit of Australians, we are sending it overseas for the benefit of foreigners.
Remittance Tax Now!
Remittances leaving Australia represent our 5th largest Export by value.
But instead of bringing in money for the benefit of Australians, we are sending it overseas for the benefit of foreigners.
Remittance Tax Now!
๐จ๐ฆ๐บGlobal remittances leaving Australia are quietly responsible for $1.4โ$1.6 trillion+ of our national debt, which has now ballooned past $2 trillion when including all long-term commitments.
Every year, $38โ42 billion earned inside Australia is sent overseas as remittances.
That money is permanently removed from our economy. It never gets spent in shops, saved in banks, or invested in businesses here.
Remittances do not show up as a line item in the budget. But the damage is real: weaker multipliers, higher interest rates, slower per-capita growth, and ever-rising government borrowing.
If that money had stayed in Australia, it would have circulated (multiplier effect) and been invested, earning returns year after year. Over the past 15 years, this lost spending + lost compounding capital adds up to roughly $1.4 โ $1.6 trillion in total economic activity and capital that Australia never got.
This money flows heavily through Australiaโs migration programs, especially the PALM scheme. Take Tongan workers, they come here, earn Australian wages, and send back enough money to equal nearly half of Tongaโs whole economy every year!
That giant missing piece forces governments to borrow more every year. This is a major reason our total public debt has now exceeded $1.6 trillion (and is on track toward $2 trillion when including all future obligations).
We are effectively funding: 50% of Tonga's GDP, 28% of Samoa GDP, 15% of Vanuatu's GDP, 10% of Fiji's
And the list continues.
This secret pipeline was first established under the Rudd Government (2008 pilot), made permanent under Gillard, and then expanded by every government since.
No matter how much tax we pay, we cannot outrun this structural extraction.
Remittances leaving Australia represent our 5th largest Export by value.
But instead of bringing in money for the benefit of Australians, we are sending it overseas for the benefit of foreigners.
Remittance Tax Now!
I wonder why a Chinese car manufacturer is reinforcing the idea that Australia is stolen land and that Whites need to be welcomed to it?
Such divisive and demoralising ideas are a great weapon for the CCP or anyone who wants to steal this country from us.