Make tax fair. Tax the super rich.

Extreme inequality is no accident

Today, Australia’s 48 billionaires hold more wealth than the bottom 40% of the population combined, almost 11 million people. The existence and rapid growth of billionaires is a sign of an economy where too much wealth and power are concentrated in too few hands. Such an accumulation of wealth shows a system that is failing people, both in Australia and internationally.

Across the globe, billions of people are face avoidable hardships of poverty, hunger and death from preventable diseases because the system is rigged against them. In 2025, global billionaire wealth jumped to $27.7 trillion – its highest level in history. Billionaires are also 4,000 times more likely to hold political office than ordinary citizens.

Meanwhile, in Australia, more than 3.7 million people live in poverty, including 757,000 children. Since 2020, eight new Australian billionaires have been minted. The gap between those doing it toughest and those benefitting most is stark.

Tackle inequality. Together, let’s make tax fair

We all want to live in a society where everyone is able to keep a roof over their head, food on the table and to live with choice, dignity and equal opportunity. At Oxfam, we strive for a fair and equal future without the inequalities that keep people in poverty.

To ensure there is enough money in the federal budget to pay for the services everyone needs, the super-rich need to pay their fair share of taxes and corporations must pay what they owe.

By increasing the Australian Government’s tax revenue, there will be more money available to fund better quality healthcare, education, humanitarian aid and action on climate change as part of a strong social safety net to alleviate poverty at home and abroad.