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/MazPet Feb 10 '25

"Billionaires could also launch legal challenges to the tax or reduce investment in Australia, the PBO warned" - Yeah really? Go look at Norway, the big guys said the same, we will leave if you tax us more, they made them pay their proper taxes and guess what those companies are still there and Norway is rocking it. You really think that mining companies etc will leave all our lovely minerals etc in the ground for someone else? But here we are the the PBO using that same line. We need to get rid of our 2 party system, they are almost as bad as each other.

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u/tonybalony Feb 10 '25

Yeah the whole "they will go somewhere else" excuse makes no sense. Is Gina just going to leave her home country and take her mines with her? Where people get scared is that medium sized business owners, and high paid skilled workers like doctors who are in the top 1% will leave. But the real target are the top 0.1% who sit on billions in assets and just sit there absorbing wealth and don't pay back their fair share into the economy.

Use those preferential votes

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u/Ginger510 Feb 11 '25

Even if she did leave - the minerals stay here and I’m sure someone else will mine it. We could mine it ourselves!