Inequality and extreme wealth continue to skyrocket. In 2024, Australia’s 47 billionaires each grew their wealth by $67,000 per hour— while 3.5 million households struggled to put food on the table, housing is unaffordable and essential public services such as healthcare, education, and income support remain underfunded.
In 2024, Australian billionaire wealth rose by more than 8% or $28 billion. Most of this wealth isn’t even earned, flowing to wealthy elites through inheritance, corporate profits from monopoly industries and tax loopholes that allow them to dodge paying their fair share.
Research shows billionaires globally have an effective tax rate of 0.3% of their wealth. Our progressive tax system is failing us where its most needed to keep inequality in check and ensure those with the most pay their fair share to community services and poverty eradication.
Billionaire and corporate greed has gone unchecked for too long. It’s time to act.
Join us in calling on the Treasurer to introduce a wealth tax on the richest 1% and progressive tax reforms that ensure billionaires and big corporations pay their fair share. It’s time to build a fairer Australia where wealth works for everyone—not just the richest few.
Send your email today and demand the Australian government Make Tax Fair.
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