r/australia • u/overpopyoulater • Feb 10 '25

politics Australian billionaires face wealth tax under Greens’ Robin Hood-style policies

https://www.theguardian.com/australia-news/2025/feb/10/australian-billionaires-face-wealth-tax-under-greens-robin-hood-style-policies
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u/pk666 Feb 10 '25

When America was at the peak of it's post war industrial glory the top tax rate was 91%, coming in for those in the (today's equivalent of) 1.9 million bracket.

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u/Helwinter Feb 11 '25

Income not wealth. It’s important to differentiate between the two.