A$38.1 billion Gina

"The court ruling in Gina Rinehart’s mining dispute reveals a lot about the nation’s inherited wealth. And for the past 20 years or more, she has been fighting her own children in a series of court cases that are still continuing."

"Such disputes over massive inheritances are exactly what would be expected in the “patrimonial” society described by economist Thomas Piketty in his book Capital, a big hit a decade ago. This refers to a society where wealth and social position are dominated by inherited capital, not earned income." >>
https://theconversation.com/the-court-ruling-in-gina-rineharts-mining-dispute-reveals-a-lot-about-the-nations-inherited-wealth-280721

#UltraWealthy #wealth #inequality #inheritances #EarnedIncome #wages #BankofMumAndDad #WealthTax #family #extractivism

The court ruling in Gina Rinehart’s mining dispute reveals a lot about the nation’s inherited wealth

You don’t have to be born rich to make big money in Australia, but it certainly helps.

The Conversation

The United States is destroying itself - Rebecca Solnit

"Although there are far worse things about the utterly gratuitous and literally unjustified war on Iran, the fact that it burns through billions a day is striking, given that huge cuts are being made to environmental protection and national parks, and the forest service is being effectively sabotaged, while public lands are being offered up to fossil fuel companies and mining interests. The forest service headquarters are being moved across the country, which will probably cause many resignations, like the similar move of the Bureau of Land Management in Trump’s first term. More than 50 forest service research stations are being cut, meaning more loss of irreplaceable ongoing research, data, facilities and staff." >>
https://www.theguardian.com/commentisfree/2026/apr/12/united-states-trump-destruction

The list rings a bell...

#destruction #environment #conservation #biodiversity #PublicLands #FossilFuelIndustry #FossilFuels #climate #NationalParks #forests #science #democracy #UltraWealthy #cutbacks #msm #extractivism #mining

The United States is destroying itself

The daily news can’t adequately convey the administration’s sabotaging of our government, economy, alliances and environment

The Guardian
Canada’s super-rich are using foundations to funnel huge public sums to elite universities and Israel ⋆ The Breach

https://breachmedia.ca/canada-super-rich-private-foundations-to-funnel-huge-public-sums-to-elite-universities-and-israel/

> Over half of the money hoarded in Canada’s private foundations should have been paid as taxes. Instead, it’s being funneled to wealthy institutions and organizations complicit in Israel’s military occupation

#ultrawealthy #superrich #canadapolitics #canpol #canpoli #thebreach #Israel

Why is democracy failing?

🤔 Because the #UltraWealthy are buying it.

Additionally, the #SuperRich are leveraging their media platforms to convince voters that they need #Fascism

What we really need is a #WealthTax. Concentration of wealth is toxic to democracy

#PeterGeoghan ‘s examination of Reform party financing lays it out in all its ugly nakedness 👇

#UKPolitics #Politics #Oligarchy

https://democracyforsale.substack.com/p/75-of-reform-uks-donations-have-come

75% of Reform UK’s donations have come from just three rich men

Calls grow for donation caps as Democracy for Sale research reveals that three-quarters of Reform’s funding comes from a trio of wealthy donors

Democracy for Sale

#Billionaires with $1 salaries – and other legal tax dodges the #ultrawealthy use to keep their riches

Billionaires can enjoy growing wealth entirely free of income tax and reporting

By Ray Madoff
Published December 28, 2025

Excerpt: "Elon Musk received a salary of $0 from Tesla in 2024. Jeff Bezos earns $81,840 a year of income, low enough to get the child tax credit, which he took in 2021. One of our higher-paid billionaires is Warren Buffett, and he only gets $100,000 a year in salary and bonus combined.

All of these people are keeping their taxes down by keeping their salaries down. They are not avoiding compensation altogether, however, as they are well paid through the growing value of their stock. In 2024, Bezos’ wealth increased by $80 billion, Zuckerberg’s by $113 billion, Musk’s by $213 billion. Even better, they can enjoy this growing wealth entirely free of income tax and reporting."

Read more:
https://www.salon.com/2025/12/28/billionaires-with-1-salaries-and-other-legal-tax-dodges-the-ultrawealthy-use-to-keep-their-riches-partner/

#TaxTheRich #Billionaires #UltraWealthy #USPol #TaxDodgers #EatTheRich

Billionaires with $1 salaries – and other legal tax dodges the ultrawealthy use to keep their riches

Billionaires can enjoy growing wealth entirely free of income tax and reporting.

Salon.com
#AdamTooze is knocking it out of the park this morning with interesting charts … #CampaignFunding Increasingly Dominated by the #Ultra-Wealthy in the US. open.substack.com/pub/adamtooz...

#Trump & congressional #Republicans have attacked federal workers as instruments of the “deep state,” exercising power beyond anything authorized by the #law. Now the administration is doing the same thing, several #tax experts said, undermining laws that hit the #ultrawealthy & big #corporations.

#aristocracy #plutocracy #WealthGap #USpol

But the succession of notices the #Treasury & #IRS have issued beginning in summer means the #tax could bring in a fraction of that.

The breaks come in addition to the ~$4 trillion package of tax cuts that #Trump signed into #law in July. The #legislation, passed entirely by #Republicans, heavily benefits #corporations & the #ultrawealthy. It is projected to add trillions of dollars to the federal #deficit & came with steep cuts to #healthcare for the #elderly & #FoodStamps for the poorest.

The Mansion That Hides Rooms Until You’re Verified 🏰🔒💎 #hiddenroom #mansion #ultrawealthy #shorts

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