The big four banks are taking all of the profits while the taxpayers are wearing all of the risk. Based on similar levies in Europe and the United States, the Australian Greens propose a 0.2% levy on bank assets in excess of $100 billion which will raise $8.4 billion over three years. Because it only applies to the big four banks and not their competitors, competitive pressures will stop the big four passing the levy on to consumers.
positive towards national solidarity, civil society or appeals for public spiritedness or against anti-social attitudes