BellingenNSW<p>A wealth tax on Australian billionaires</p><p>"Australia's 47 billionaires make an average $67,000 an h o u r , according to the report — a figure 1,300 times higher than that of the average Australian worker.The report finds that last year Australia's total billionaire wealth increased by more than 8 per cent, or $28 billion, at a rate of $3.2 million per hour."</p><p>"...The "rampant growth" of billionaires' wealth in Australia "was the legacy of colonisation", with 35 per cent of billionaire wealth inherited.There is a relationship between this concentration of wealth and extractive industries in Australia. There's a particular historical context to this in Australia and it's that all our billionaires dug their wealth out of the ground."<br>&gt;&gt;<br><a href="https://www.abc.net.au/news/2025-01-20/oxfam-calls-for-australias-richest-to-pay-more-tax/104821814" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">abc.net.au/news/2025-01-20/oxf</span><span class="invisible">am-calls-for-australias-richest-to-pay-more-tax/104821814</span></a></p><p>Make tax fair. Tax the super rich.<br><a href="https://www.oxfam.org.au/what-we-do/advocacy-and-campaigns/make-tax-fair/" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">oxfam.org.au/what-we-do/advoca</span><span class="invisible">cy-and-campaigns/make-tax-fair/</span></a><br><a href="https://mastodon.au/tags/tax" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>tax</span></a> <a href="https://mastodon.au/tags/EquityTax" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>EquityTax</span></a> <a href="https://mastodon.au/tags/extractivism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>extractivism</span></a> <a href="https://mastodon.au/tags/wealth" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>wealth</span></a> <a href="https://mastodon.au/tags/concentration" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>concentration</span></a> <a href="https://mastodon.au/tags/wages" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>wages</span></a> <a href="https://mastodon.au/tags/poverty" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>poverty</span></a> <a href="https://mastodon.au/tags/colonisation" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>colonisation</span></a> <a href="https://mastodon.au/tags/IndigenousPeoples" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>IndigenousPeoples</span></a></p>