Tax the super rich

Today inequality and extreme wealth continue to skyrocket. In 2024, Australia’s 47 billionaires each grew their wealth by $67,000 per hour— while 3.5 million households struggled to put food on the table, housing costs soared and essential public services such as healthcare, education, humanitarian aid and income support remained underfunded.

In total, Australian billionaire wealth rose by more than 8% - that's $28 billion. The majority of this wealth isn’t even earned. It flows to wealthy elites through inheritance, corporate profits from monopoly industries, and tax loopholes that allow them to dodge paying their fair share.

Research shows billionaires globally have an effective tax rate of 0.3% of their wealth. Our progressive tax system is failing us where it's most needed to keep inequality in check and ensure those with the most pay their fair share to community services and tackling poverty.

Billionaire and corporate greed has gone unchecked for too long. It’s time to act!

Join us in calling on the Treasurer to introduce a wealth tax on the richest 1% and to ensure billionaires and big corporations pay their fair share. It’s time to build a fairer Australia where wealth works for everyone—not just the richest few.

Send your email today and call on the Australian Government to make tax fair.

Today inequality and extreme wealth continue to skyrocket. In 2024, Australia’s 47 billionaires each grew their wealth by $67,000 per hour— while 3.5 million households struggled to put food on the table, housing costs soared and essential public services such as healthcare, education, humanitarian aid and income support remained underfunded.

In total, Australian billionaire wealth rose by more than 8% - that's $28 billion. The majority of this wealth isn’t even earned. It flows to wealthy elites through inheritance, corporate profits from monopoly industries, and tax loopholes that allow them to dodge paying their fair share.

Research shows billionaires globally have an effective tax rate of 0.3% of their wealth. Our progressive tax system is failing us where it's most needed to keep inequality in check and ensure those with the most pay their fair share to community services and tackling poverty.

Billionaire and corporate greed has gone unchecked for too long. It’s time to act!

Join us in calling on the Treasurer to introduce a wealth tax on the richest 1% and to ensure billionaires and big corporations pay their fair share. It’s time to build a fairer Australia where wealth works for everyone—not just the richest few.

Send your email today and call on the Australian Government to make tax fair.

Demand Treasurer Jim Chalmers tax the super rich

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Dear Treasurer Jim Chalmers,

I am deeply concerned about inequality and extreme wealth in Australia. Last year, Australia’s 47 billionaires each earned an average of $67,000 per hour—1,300 times the hourly wage of the average Australian worker—while millions of Australians struggle with soaring living costs, stagnant wages, and underfunded essential services.

In 2024 alone, Australian billionaire wealth surged by $28 billion. This starkly contrasts with the financial uncertainty faced by everyday Australians. Our healthcare, education, and housing systems are under strain, while the ultra-wealthy continue to benefit from tax loopholes and an unfair system that enables extreme wealth growth and super profits in the midst of a cost-of-living crisis.

Research shows billionaires pay an effective tax rate of around 0.3% of their wealth globally. Our progressive tax system is failing us where it’s needed most to address inequality and raise revenue for essential services and eradicating poverty.

As Treasurer, you have the power to address this. I urge you to introduce a wealth tax on the richest 1% and progressive reforms to ensure the super-rich and big corporations pay their fair share of tax.

We call on you to invest the revenue raised from this wealth tax into essential services, addressing climate change and eradicating poverty at home and in our region. It’s time to share the profits with the people.

Australia is not alone in this inequality. Global billionaire wealth grew by $3 trillion last year, while 3.5 billion people, around 44% of humanity, live under the World Bank poverty line. This has barely changed since 1990.

So, we call on you to also advocate for global cooperation to tax the super-rich at the United Nations and G20.

At the recent UN Conference on Financing for Development in Seville, Brazil, Spain and South Africa launched a new Coalition on taxing the super-rich, the 'Seville Platform for Action.' This is a key step towards global tax justice. I urge Australia to join with other nations to unite behind a shared solution.

It's time for bold leadership. By acting now, you can help build a fairer and more equal Australia—one that works for all of us, not just the wealthiest few.

I look forward to hearing from you on this important issue.

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