I move:

That the Senate—

  (a)   notes the recent survey by the Australian Bureau of Statistics which showed that the gap between rich and poor is widening in Australia;

  (b)   understands why growing inequality along with corporate greed are motivating the 'Occupy' protest movements;

  (c)   notes that, in the United States of America, billionaire Warren Buffett has observed that he pays a smaller proportion of his income in tax than do the other people in his office; and

  (d)   calls for a 50 per cent marginal tax rate on incomes of more than $1 million per annum.

Question put.

The Senate divided. [15:41]

(The Deputy President—Senator Parry)

Question negatived.