Gary Stevenson went from betting against the working class to betting on taxing the rich.
Now he’s one of hundreds of super-rich people—including Australia’s Dick Smith—demanding governments tax them more.
Australia’s billionaires doubled in a decade. 47 of them earn $67,000/hour. Median wage: $40/hour.
Norway taxes wealth. The US has estate taxes. Australia scrapped inheritance tax in the 70s and 91 millionaires paid $0 income tax in 2022–23.
Meanwhile, 44% of buyers now spend >30% on housing. Wage growth for people born in the 90s is flat.

Stevenson: “The UK is a message from the future.” Poverty is growing there. Australia can avoid it—if we act.
After WWII, the UK taxed estates at 80%. That’s when a Post Office worker could buy a house.
“It was done by our grandparents. Of course, we can do it again.”

When billionaires say “tax us”—maybe it’s time we listen

#auspol #taxtherich #wealthtax #inequality #australia

https://www.sbs.com.au/news/the-feed/article/gary-is-part-of-the-super-rich-he-believes-wealthy-australians-should-be-paying-more-tax/m4ti99zc6