Post #3245036

2026-06-01 09:24 UTC

@ewen@social.ewenbell.com leaners would rather fuck off out of Australia than help lift the country up. Easy enough to update the laws to prevent as much foreign ownership to fuck this bullshit up. Imagine of we ran a US style personal tax pattern - if you have citizenship, you pay taxez.

Replies (1)

@ewen@social.ewenbell.com 2026-06-01 09:35

@Taco_lad@aus.social Moving profits overseas is already too easy. He won't stop making wine here, he'll just stop declaring profits here by selling the business to a shelf company in Panama. This is why a wealth tax is such an important tool. The value of the land, the vines, and everything other than the business ownership is not something he can move overseas. Wealth taxes are a very effective way for govts to ensure they collect. In Norway you pay 1.4% each year on assets. Apparently lots of rich Norwegians move to Spain instead of buying everything in Norway. Homes are much more affordable all over Norway, because rich folks park their money elsewhere and have a long sook over how unfair it is while they sip champagne.

Open ##3245037