People’s Economic Reform Act

Proposed by Socialist Republican Workers League · Passed 9 Sep 2024

✅ Passed

To redistribute wealth and deliver on popular healthcare and defense demands

Figures show the previous budget where they changed the new value.

Annual Taxes

Earning band	Tax rate
Personal income tax: Low earners	20% 5%
Personal income tax: Medium earners	25% 10%
Personal income tax: High earners	30% 20%
Personal income tax: Elite earners	35% 75%

Category	$ per capita	Peers	% of budget	Amount
Social Welfare	$970	$1,046	9.9% 8.4%	$3.2bn
Retirement	$1,455	$1,951	14.9% 12.7%	$4.8bn
Healthcare	$1,515 $2,424	$2,389	15.5% 21.1%	$5.0bn $8.0bn
Education	$1,818	$1,649	18.6% 15.8%	$6.0bn
Housing	$606	$603	6.2% 5.3%	$2.0bn
Justice, Police & Internal Security	$909	$682	9.3% 7.9%	$3.0bn
Defence	$121 $909	$827	1.2% 7.9%	$0.4bn $3.0bn
Environment & Climate	$242	$235	2.5% 2.1%	$0.8bn
Business Support	$909	$592	9.3% 7.9%	$3.0bn
Arts, Culture & Media	$212	$258	2.2% 1.8%	$0.7bn
Foreign Aid	$30	$70	0.3%	$0.1bn
Roads & Highways	$364	$386	3.6% 3.2%	$1.2bn
Public Transport & Rail	$273	$309	2.9% 2.4%	$0.9bn
Energy Infrastructure	$212	$234	2.2% 1.8%	$0.7bn
Ports & Airports	$152	$157	1.5% 1.3%	$0.5bn
Total			100.0%	$32.3bn $37.9bn

Passed

36Yes 0No 0Not voted 36 seats

For: 36 / 36 filled seats (100.0%) — needs 50.0%

Against: 0 · Abstained: 0 · Not voted: 0

Party	Seats	Vote	Reason
Socialist Republican Workers League Proposer	36	Yes	No reason given

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