How was your 2020?
Did you buy a new jet? ✈️
Go on holidays overseas? 🏖

Or was it more homeschooling, zoom meetings, doom scrolling, and watching your savings dwindle? 💸

Well while your year was tough, billionaires in Australia did better than billionaires anywhere else in the world. 💰💰💰

This is Kerry Stokes, the 10th richest person in Australia. – PERSONAL WEALTH $6.3 BILLION – AMOUNT HIS COMPANY CLAIMED IN JOBKEEPER: $47M – HALF YEAR PROFIT RECORDED: $116M↑ – CUT TO STAFF'S PAY: 20% – PERSONAL JETS PURCHASED: 1
The billionaires have made out like bandits

During the pandemic, billionaire Kerry Stokes made over $570 million. His companies took millions in corporate welfare like JobKeeper, and cut workers’ wages. Meanwhile, Stokes bought a new jet.

At the same time millions of people lost their jobs. More women lost jobs than men, and did more unpaid work. A third of young people went jobless. 

Before the pandemic, billionaires and big corporations had too much power. Now, this special treatment is out of control. 

To turn around this growing inequality, and the climate crisis, we have to fight for our future. 

The billionaires made how much?!?!

Australia’s billionaires did very well out of the pandemic, increasing their total wealth by 34%.

  • The ten wealthiest billionaires in Australia increased their wealth during the COVID pandemic by $68.4 Billion.
  • Gina Rinehart's personal wealth more than doubled during the pandemic from $16BN to $36BN. 
  • The current total wealth of Australia’s billionaires is $417 billion, an increase of $90 billion.
  • The number of billionaires is growing and currently stands at 122.
  • Australia’s billionaires use complex schemes to avoid paying tax, while donating millions to the Liberal and Labor Party.  

Corporations got welfare, while women
and young people lost their jobs

During the pandemic, the government paid over a billion dollars in JobKeeper to the biggest, and most profitable companies. These companies paid over $24.7M in bonuses to their executives. 1 in 3 big corporations paid no tax.

Women and young people were already behind before the pandemic, but over the last year, these trends accelerated. Women were more likely to lose their job, lose hours, do more unpaid work at home, and were less likely to get government support through JobKeeper.  A third of young people lost their jobs, and a quarter of young people faced mental distress. Young people were also estimated to lose around $35,000 over the next decade.  

The Greens will make billionaires and big corporations pay their fair share.

The Greens will:

  • Introduce an annual extra 6% wealth tax on billionaires
  • Tax the mega-profits of big corporations earning over $100m annually
  • End government handouts to the billionaires and the big corporations, like the fossil fuel industry
How does does the billionaire tax work?

A 6% Billionaire’s Tax would only apply to the net wealth held by Australia’s billionaires. To stop the billionaires shifting assets offshore, the tax would still apply to 90% of their original wealth. This tax on just 122 Australian citizens would raise approximately $40 billion over the medium term to pay for the services and jobs that Australian’s need.

A fair share for Australia

6% of Australia’s billionaires’ wealth is a fair share for Australia, but generally, much less than the growth of biggest billionaires during the pandemic. For example, Australia’s richest person Gina Rinehart’s wealth has increased by 123% to $36.28BN, 6% of her wealth is $2.2BN. Billionaire coal miner Clive Palmer more than doubled his wealth to $9.76BN. Six per cent of his wealth is $586 million.

The Billionaires Tax, the Super-Profits Tax, and ending corporate welfare and handouts, will help fund genuinely free public schools, dental into Medicare, and a job for everyone who wants one.

ARE YOU READY TO TAKE ON THE BILLIONAIRES AND FIGHT FOR THE FUTURE?

Join our campaign to fight for the future by making the billionaires and big corporations pay their fair share to fund essential services that help everyone


By signing this you will also hear from us about our economic justice campaigns from time to time

Before the pandemic, billionaires and big corporations had too much power. Now, this special treatment is out of control.

To turn around this growing inequality, and the climate crisis, we have to fight for our future.

We have a plan to Fight for the Future and we need you to read it and share it with your friends and family if you want to see it become a reality.

Next: Fight for the Future

We can tackle the climate crisis and economic inequality, and create a better life for all.

Read the plan

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