Aussie Billionaires Face 10% Super Tax to Fund Cost-of-Living Demands
The Australian government is set to introduce a new policy targeting the country's approximately 150 billionaires with a 10% tax on their net wealth. This super tax aims to fund key cost-of-living initiatives, including Medicare-subsidised dental care, as part of the Greens' affordable living plan. The move is expected to generate significant revenue, which will be used to support low-income families and individuals struggling with rising living costs, while also promoting economic equality and social welfare. The policy is part of a broader effort to address wealth inequality and ensure the wealthy contribute their fair share to the economy. Key initiatives like Medicare and dental care will benefit from the new tax, improving access to essential services for all Australians.