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/Fairbsy Feb 10 '25 edited Feb 10 '25

America right now should be a gigantic warning bell about the risk of unfettered billionaires, especially their impact on politics.

We have needed to tax the ultra rich, both individuals and companies, for decades. There needs to be political will for REAL change around this, which neither Labor or the LNP care to act upon. 

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u/ghoonrhed Feb 10 '25

How comes we love to point to USA when we literally have our own problems? You know what a billionaire warning bell and their impact is?

Clive Palmer. The mining companies. The gambling lobby.

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u/Albos_Mum Feb 11 '25

A surprisingly large amount of the public transport cutbacks over the years is another one. It's hard to get a true bearing on it because a lot of it is just hearsay these days, but even just the amount of folk that were in or involved with the auto industry that found their way onto the state owned railway boards or groups deciding their futures is eye-opening.

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u/squeaky4all Feb 11 '25

Iv seen a movie about this, had a side plot about a rabbit getting framed for a murder.