Australian billionaires increased their wealth by almost $600,000 a day on average over last year, report shows
Data collected by Oxfam shows 48 billionaires hold more wealth than bottom 40% of the population – 11 million people – combined
https://www.theguardian.com/australia-news/2026/jan/19/australian-billionaires-increased-their-wealth-by-almost-600000-a-day-on-average-over-last-year-report-showsOpen linkView original on lemmy.zip139
Comments10
Greens policy:, "tax the Billionares to afford dental in Medicare". Australians...
Voters clap back: "Gina needs a foot massage on her new private jet and I dont need teefs anyway!"
I would love to see the Greens in office just once in my lifetime.
What are all their names and addresses? Asking for a friend
I'm hungry. When do we eat?
we need to get people and companies to pay for taking the resources that belongs to all Australians
no more free mining bt companies , no more bludging off the Aussie tax payer
Glad it will ripple through our economy meaning we will all be able to afford housing and groceries easily.
Soon we will see and end to homelessness since they're making so much money and paying tax all those profits
Where is this money coming from?
You. Your neighbour. Me. The people who's actually making value. These people are leeches, and do not deserve to live.
It's a quirk in how companies are valued. All shares of a company are assumed to have the value of the last ones that sold. Even though 99%+ are not available for sale on a given day.
So the money doesn't actually exist.
Spoiler: all money doesn't actually exist.