The planet’s wealthiest people are putting Earth on a countdown to extinction. Wealth inequality is a global crisis and taxing the super-rich is a pathway to saving the planet from environmental catastrophe, writes Robert Gordon.
We can save the small remaining part of nature which can be saved and make Australia egalitarian again, by taxing the rich according to Northern European norms (inheritance and wealth taxes) and raising welfare support by 60% to the OECD average.
Red meat production is causing environmental pollution and global warming.
Great big new wealth and inheritance taxes. Intelligent, humane people would plan for the planet to thrive for a few more million years.
How much are the rich already taxed in Australia, in the UK 60% of income tax is garnered from the top 10%.
You’re making the mistake of thinking “the rich” we’re talking about here pay income tax at all. If you pay income tax, no matter which bracket, you’re not rich. You’re part of the working class.
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How much wealth do that 10% control? Much more than 60% I bet.
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