Australian Greens to propose 6% wealth tax on billionaires to combat inequality

Original article by Paul Karp
The Guardian Australia – Page: Online : 29-Mar-21

The Greens will call for 700 per cent of Australia’s energy needs to be produced from renewable energy sources as part of their ‘Fight for the Future’ policy. The policy also calls for a six per cent wealth tax on billionaires, for public schools, universities and Tafe to be free, and for a jobs and income guarantee. The proposed wealth tax would see mining magnates Gina Rinehart and Andrew Forrest hit with tax increases of $2.2 billion and $586 million respectively, while the Greens will urge voters to elect a minority Labor government and give them the balance of power in both houses of parliament at the next election.


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