Damus
Mananguri · 1d
I'm no expert but, wouldn't they be able to fix the roads if billionaires paid their fair share of taxes?
Luxas profile picture
Sadly mate I don’t believe it would. Vic roads are some of the worst in Aus and yet the state has the 2nd most people and 2nd most millionaires/billionaires. Not to mention Aus also has a very high tax rate already for those making good money. Furthermore, most billionaires are not liquid net worth billionaires. The ultra wealthy hardly ever have millions in the bank. Their wealth is typically tied up in equity in a company and it’d tank the company stock if they sold everything. The wealthy will usually borrow against their collateral assets instead. That’s why “tax the rich” is an oversimplification of a more complex issue.
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Mananguri · 1d
You pay more tax than Gina. How is that fair? Also, the government gives more in tax credits and subsidies to mining industries than it collects in royalties. This country is, and always been owned by mining industries that pay no tax and get handed most of taxes you and every small business pay....