Spics, Jews, Wogs, Trump, Woke and Freedumb to spew suit

[Harry bootlace]

Greedy Bitch!

got that right

 

[Aye Shroomer]

Okay so before I begin.

*Without Prejudice*

A wealth cap is an interesting concept, and I appreciate that you’re thinking critically about solutions to systemic inequality. It’s an incredibly complex issue, and while I don’t claim to have the perfect answer, there are a few challenges with any sweeping proposal like this.

First, history teaches us that no system—whether capitalism, communism, or something else—escapes the flaws of human bias. Systems are created and maintained by people, and people are hardwired for self-preservation. That’s not necessarily a bad thing, but it often leads to power imbalances, corruption, and the erosion of fairness over time. Governments entrusted with immense power—like those that might enforce a wealth cap—have often left the majority powerless. Egypt, Rome, the Soviet Union, and even modern examples like China—tyranny, no matter how well-intentioned, has always failed in the long run.

A wealth cap, as you describe, raises similar concerns. While it might address inequality on paper, it places a lot of trust in governing bodies to act as neutral arbiters of wealth distribution. History has shown us that this trust is rarely justified, as those in power often fail to balance fairness with opportunity. There’s also the practical challenge of what we’re defining as wealth. As Green Genius pointed out earlier, being declared a billionaire doesn’t mean someone has a billion dollars in cash. Much of that wealth is tied up in assets—investments, businesses, and properties that also contribute to the broader economy. How do you tax or cap something like that without risking broader consequences, like discouraging innovation or dismantling social mobility?

What resonates with me more than these top-down solutions is the idea of pragmatism. Let me clarify—I’m not saying pragmatism is the solution. It’s just what I’ve found works for me personally. I’ve come to realise that navigating the system, however flawed, requires leveraging the tools we already have: financial literacy, education, and opportunities that are accessible to most people if they know where to look. That doesn’t mean the system is fair or that everyone has equal access—but the resources are out there, and they’ve helped me carve out a path forward.

Financial literacy is one area where I think we could make a real difference. Teaching people how to budget, invest, and understand the economy empowers them to navigate this “rat race” more effectively. Capital gains taxes, offshore accounts, and loopholes used by the wealthy are real issues, and addressing them at a systemic level would help. But for individuals trying to get ahead, the key is to understand the system and make it work for you where possible.

I also want to acknowledge the human element here. I’ve been painted as the “bad guy” for challenging certain ideals, but the truth is, the injustices caused by systemic flaws break my heart as much as anyone else’s. I’ve seen the pain they cause, and it’s that pain that fuels my perspective. I’m not blind to the problems—we all see them. But replacing one flawed system with another isn’t the answer. It’s why I think any real solution needs to go beyond politics or human governance.

In the long run, I believe we need something neutral and sustainable—something that transcends human bias entirely. AI and technology might play a role in creating such a system, but even that is far from perfect. For now, the best we can do is keep having conversations like this, stay open to new ideas, and push for systemic reforms that address inequality without losing sight of opportunity.

Pragmatism has worked for me, and I believe it can work for others too—with the right education and access to financial tools. It’s not about compliance; it’s about making the most of what’s available while we advocate for a better future.

Great points.

And you’re right. Humans are flawed and biased. So the bigger issue is changing that bias and the whole planet lives in peace and harmony. We all grow our own (food, wine, weed ) and live within our means. It’s what I want to do. Get land. Plant crops. Eat what I produce.
The problem is the society I live in has really put me so far behind the start line it seems impossible. But I’m not deluded that it’s not my fault. I ( like everyone) have to power to stop spending money. To stop buying takeout. To cancel Netflix ( and Disney, Stan, paramount, Spotify ). Bike to work. Etc

But there’s also factors that aren’t in my control and the wealth divide has certainly made this worse and worse.
I regret not buying property 15 years ago. Now with no degree or trade qualification to move me up from minimum wage. Plus 4 dependants. I’m not in any position to buy anything (like any lender would even consider giving me money)

And the game is not going to change with the current players and rules they have set.
Big money developers buy more properties and then offset the tax, big coal and gas companies rake in profits yet don’t actually invest in Australia production. ( I live 30min from a coal mine, and two closed power stations over the last two decades. Even gave it 5 months of my life and couldn’t keep doing it. Plus I’ve seen the waste of money in them. Mines do not need to be running 24/7. The engine bay of a Lieberr makes a warm bed in winter nights)

I’m getting to the point of living within our means. Why have 6 properties in your portfolio. Why dig up our resources just to sell them to other countries.

If the super rich actually wanted to make social difference in a positive they could. But they don’t.

Innovation to big coal would be rebuild Aussie manufacturing instead of selling it.

Developers turning homes into public housing for those who need it instead of creating the shit show that is the rental crisis we live in now.

That’s real change. But it won’t happen, so the wealth cap tax, which I’ll correct to income cap tax, is a deterrent to that greed.

Maybe encourage tax breaks to the said wealthy that if their income cap tax once they go over it, is put towards the public sector and to their local communities, then they have two options. Be greedy and pay 100% tax or put their money that they don’t really need as they already live well within their means to good use.

And who’s knows. Maybe AI could be the next idea that actually makes it work. It removes the human element from the equation. But then we trust governance to computers and that’s a scary thought.

 

[Goonie Goat]

 

[benn0]

assuming there is 25millon australians,

If that 3.2b profit would be shared with every single australian,

we all would be 128$ better off...

Greedy Bitch!

seize the means of production!

 

[Harry bootlace]

screw it. Gina would feed the homeless for a month if cooked properly.

 

[Goonie Goat]

 

[Johnny Walker]

Australia’s richest 47 make $28 billion in a year

While billionaire wealth surged by $28 billion in 2024, many Australians continue to struggle with soaring living costs.

dynamicbusiness.com

Trillionaires are coming next.

 

[Johnny Walker]

https://www.oxfam.org.au/wp-content/uploads/2025/01/English_Davos_Full-_Report_2025.pdf

Seems like a very equitable system. People just need to learn to navigate it better and be taught how to budget their mega incomes and live within their means.
All while a small minority make/take $67,000 an hour.
We better not change it because innovation will stop.

 

[Johnny Walker]

$11 Billion in lost taxes in Australia in 2020. Estimate only.
That could go a long way to underfunded schools, healthcare, infrastructure, environmental and many others.
Fuck the last coalition government killed Australian citizens with robo debt to get back 2.8 Billion while they let these billionaires steal 11 billion from the Australian people.

The cash to fix the climate crisis and cost-of-living pressures is there if tax evasion is stopped

Australians hold more than one-third of a trillion dollars in known tax havens, and profit-shifting by multinational firms deprives Treasury of almost $11 billion a year, finds a new international report.

www.abc.net.au

 

[SAW]

 

[benn0]

 

[HomeBound_Hound]

 

[Johnny Walker]

View attachment 56396

Are you advocating for communism or saying the views expressed are communist?

 

[Johnny Walker]

$11 Billion in lost taxes in Australia in 2020. Estimate only.
That could go a long way to underfunded schools, healthcare, infrastructure, environmental and many others.
Fuck the last coalition government killed Australian citizens with robo debt to get back 2.8 Billion while they let these billionaires steal 11 billion from the Australian people.

The cash to fix the climate crisis and cost-of-living pressures is there if tax evasion is stopped

Australians hold more than one-third of a trillion dollars in known tax havens, and profit-shifting by multinational firms deprives Treasury of almost $11 billion a year, finds a new international report.

www.abc.net.au

@Green Genius this post also answers your posts of 88 and 91.

 

[Green Genius]

@Green Genius this post also answers your posts of 88 and 91.

While I agree with the overall sentiment, taxing wealth is incredibly problematic, hence why just about nobody has figured out a way to do it. Because this is the invetiable outcome... You lose money..

Super-rich abandoning Norway at record rate as wealth tax rises slightly

Flood moving abroad has come as a shock and is costing tens of millions in lost tax receipts

www.theguardian.com

 

[Green Genius]

Countries have repealed their wealth taxes for a variety of reasons. They raise little revenue, create high administrative costs, and induce an outflow of wealthy individuals and their money. Many policymakers have also recognized that high taxes on capital and wealth damage economic growth.

The High Cost of Wealth Taxes

Many developed countries have repealed their wealth taxes in recent years for a variety of reasons. They raise little revenue, create high administrative costs, and induce an outflow of wealthy individuals and their money. Many policymakers have also recognized that high taxes on capital and...

taxfoundation.org

 

[Johnny Walker]

While I agree with the overall sentiment, taxing wealth is incredibly problematic, hence why just about nobody has figured out a way to do it. Because this is the invetiable outcome... You lose money..

Super-rich abandoning Norway at record rate as wealth tax rises slightly

Flood moving abroad has come as a shock and is costing tens of millions in lost tax receipts

www.theguardian.com

I thought they were writing letters to governments saying they wanted to pay more taxes?
So they are fleeing countries to avoid paying taxes.
Which one is it?
You enjoy contradicting yourself?

Taxing billionaires will cost Australia money will it?
They are already not paying 11 billion a year how much will it cost the Australian tax office it they flee to a tax haven like Switzerland?
In reality they don't have to leave the country as most of their money is offshore.

 

[Johnny Walker]

Countries have repealed their wealth taxes for a variety of reasons. They raise little revenue, create high administrative costs, and induce an outflow of wealthy individuals and their money. Many policymakers have also recognized that high taxes on capital and wealth damage economic growth.

The High Cost of Wealth Taxes

Many developed countries have repealed their wealth taxes in recent years for a variety of reasons. They raise little revenue, create high administrative costs, and induce an outflow of wealthy individuals and their money. Many policymakers have also recognized that high taxes on capital and...

taxfoundation.org

I wonder how much lobbying/ bribery brought these repeals on?

 

[Green Genius]

You enjoy contradicting yourself?

Pardon?

 

[HomeBound_Hound]

Pardon?

He is referring to something I actually posted from a link he shared from abc

Australian billionaires made $67,000 an hour last year, report finds

Think you earn a decent salary? The latest inequality report from Oxfam found Australia's billionaires took home 1,300 times more than the average Aussie earner last year.

www.abc.net.au

I posted this picture from the article.

Here's the other link.

Billionaires call on global leaders to tax them more

Hundreds of billionaires and multimillionaires have penned a letter calling on global leaders to fairly tax the super-rich, stating they'd "be proud to pay more".

www.abc.net.au