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Three Australian millionaires say the nation’s super-rich should face higher taxes
(www.theguardian.com)
this post was submitted on 11 Feb 2026
64 points (100.0% liked)
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More tax isn’t the answer given how utterly disgracefully wasteful our government and politicians are with our tax dollars. Give them more and they’ll waste more and enrich themselves more. It also doesn’t fix anything, especially not things like political “donations”/bribes - laws fix things like that, but who make laws? Oh right, the politicians on the take, which is why it won’t happen.
What the billionaires need to do is start and run highly efficient charities that actually help people. They could even just not claim deductions if they want to pay more tax as well.
They should do things like make subscription services for essentials, sold at well below cost, so families and people that are struggling can have guaranteed necessities like basic food, clothes, toiletries, and so on for day $50 a week. This way their money goes directly to the people, not the politicians and their mates. Look at what Mark Cuban has done with his pharmaceutical company for example.
That’s what billionaires should be doing. Pledging to pay more tax when you know you’re never going to have to is just more pathetic virtue signalling. Open a supermarket where nothing is over $5. Start your own health insurance company where there are no exclusions and no excess/deductible for making claims, and it only costs $25 a month. The list of ways they can actually help are endless, they just don’t want to actually do any of them - they just want you to think they want to help.
That's kind of propaganda that government only wastes tax dollars and big businesses are more efficient. There are inefficiencies in both and one is not significantly more efficient than the other.
It’s definitely not propaganda. Our government can’t find where tens of billions of dollars went lol. Our government is far, far more wasteful than private business is. It’s virtually impossible to get fired from a government job these days. Losing millions of dollars won’t even do it.