Australian billionaires increased their wealth by almost $600,000 a day on average over last year, report shows

https://www.theguardian.com/australia-news/2026/jan/19/australian-billionaires-increased-their-wealth-by-almost-600000-a-day-on-average-over-last-year-report-shows

Data collected by Oxfam shows 48 billionaires hold more wealth than bottom 40% of the population – 11 million people – combined

139 points · 10 comments · view on lemmy.world

10 Comments

hanrahan@piefed.social · 30 pts · 226d (1 reply)

Greens policy:, "tax the Billionares to afford dental in Medicare". Australians...

Voters clap back: "Gina needs a foot massage on her new private jet and I dont need teefs anyway!"

Willows@aussie.zone · 19 pts · 225d

I would love to see the Greens in office just once in my lifetime.

DampSquid@feddit.uk · 13 pts · 225d

What are all their names and addresses? Asking for a friend

P1nkman@lemmy.world · 4 pts · 225d

I'm hungry. When do we eat?

Seagoon_@aussie.zone · 3 pts · 224d

we need to get people and companies to pay for taking the resources that belongs to all Australians

no more free mining bt companies , no more bludging off the Aussie tax payer

Aussiemandeus@aussie.zone · 1 pts · 224d

Glad it will ripple through our economy meaning we will all be able to afford housing and groceries easily.

Soon we will see and end to homelessness since they're making so much money and paying tax all those profits

Seagoon_@aussie.zone · 1 pts · 225d (3 replies)

Where is this money coming from?

P1nkman@lemmy.world · 12 pts · 225d

You. Your neighbour. Me. The people who's actually making value. These people are leeches, and do not deserve to live.

DavidDoesLemmy@aussie.zone · 3 pts · 224d (1 reply)

It's a quirk in how companies are valued. All shares of a company are assumed to have the value of the last ones that sold. Even though 99%+ are not available for sale on a given day.

So the money doesn't actually exist.

Almacca@aussie.zone · 2 pts · 224d

Spoiler: all money doesn't actually exist.