Gina Rinehart suddenly deciding taxes are terrible when they touch gas profits is peak billionaire logic. If windfall taxes are “unfair,” maybe the real issue is letting multinational fossil fuel giants pocket our natural wealth while everyone else cops the costs. Tax the windfall, fund public services, and stop pretending “energy security” means corporate security.
The AFR can bang the drum against a gas windfall tax all it likes, but it’s worth remembering its parent company has big shareholders who may benefit from mining and resource profits. That doesn’t prove the argument is wrong, but it does make the billionaire panic look a lot less convincing.
#GasTax #WindfallTax #BigBillionaires #FossilFuels #PublicServices #Australia #EnergyPolitics #TaxJustice #Auspol
https://www.afr.com/policy/economy/rinehart-s-riches-show-why-we-shouldn-t-slap-windfall-tax-on-gas-20260422-p5zpyx