Obscene pay rise for Australia’s billionaires

A briefing published by Oxfam today revealed the 47 Aussies with nine-figure bank accounts grew their wealth at a rate of $2376 per second, or more than $205 million a day.

“The record-breaking nature of the growth in their wealth means that while many have been pushed to the brink, billionaires have had a terrific pandemic,” Oxfam Australia Chief Executive Lyn Morgain said via medianet, detailing how widespread economic initiatives ended up largely benefiting those who needed assistance least.

Tech giant Apple recently made headlines after surpassing the GDP of Italy, Brazil and Canada, while Tesla boss Elon Musk continues to grow his nest egg to unforeseen heights, breaking the $300 billion mark in late 2021. The assumption was based on deaths globally from “lack of access to healthcare, gender-based violence, hunger, and climate breakdown”.

Describing the current situation as a “deadly straitjacket of broken economic systems”, Ms Morgain called on the Australian Government to introduce a more comprehensive tax for the billionaire class.

And?

Yes, the 47 richest people stood on the scales and their weight was more than the skinny low income earners. Maybe James Packers weighs 47 tonne, and Gina looks like 10 tonne, and Gerry likes his tucker so he is probably 75 tonne, yuk

Clearly time for the tax loopholes to be closed, taxes raised and an end to offshoring of profits. Sorry,we have an LNP regime

Thinking that rich people cause poverty is like thinking that healthy people cause illness. It’s not a zero sum game.

i knew gina was big but to weigh that much...geeze

Reintroduce death taxes will soon fix these people up.

Kerry Packer said if you don't minimize your tax you have rocks in your head as governments dont spend it wisely and we shouldn't be donating extra.

deangilmour1

Just a reminder to those defending them ...

And in one case, making huge profits from the mineral wealth that belongs to ALL Australians ... and paying no taxes.

The french aristocracy never saw it coming either.

Outrageous? What's outrageous about success

Maximum wage should happen so as to share rest of profits around whole workforce within that company

Off with their heads

Yes but they also pay the most tax... the poor can hate them, and for some reasons rightfully so. But the bottom 7m people should remember its these people that pay their dole!

And this has been going for all of human history

Why do you consider it obscene now when you have spent a decade helping make them obscenely rich?

Our own homegrown Oligarchy ?

Maybe their companies don't need tax payer subsidies any more.

Obscene

You cannot take it with you

Literally and figuratively, as the image suggests

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