billionaires

Nicola and Andrew "Twiggy" Forrest.

 ABC’s Australian Story rehashed the billionaire philanthropy trope in its episode about the second-richest person in Australia, Andrew "Twiggy" Forrest. Peter Boyle reports.

As the rich and powerful have always done, Clive Palmer is boasting he will spend $100 million on influencing the outcome of the federal election. Peter Boyle reports.

Since the pandemic began a new billionaire has been created every 26 hours, according to Oxfam. Jessie de Waal reports.

 

Billionaires are profitting from the COVID-19 crisis while lower income countries struggle to secure vaccines. Peter Boyle argues that the global vaccine apartheid is a symptom of the billionaire-profit-first system that is capitalism.

The Greens' proposal for wealth tax is a good start, but only a mass union and community campaign will be able to force the billionaire class to pay up, argues Peter Boyle.

The federal government plans to spend $130 billion for a wage subsidy, but Peter Boyle argues it is more a corporate survival subsidy.

A decade ago the left believed that it could use social media to outflank the established mass media. But it is the far right that now dominates social media, writes Phil Hearse.

Australia’s 33 billionaires increased their wealth by more than $38 billion dollars last year — or more than $1 billion each. That is more than $3 million each a day!

At the other end of the spectrum, Credit Suisse data cited in the Sydney Morning Herald showed the wealth of the bottom half of Australians declined in the same period alongside stagnating wage growth.

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