07/06/2026
People in the UK are now seriously discussing wealth taxes, not as a fringe idea but as part of mainstream political debate. That shift is happening because they are facing the same core issue we see in Australia, a cost of living crisis that keeps getting worse while wealth at the top continues to grow.
Rents are rising, housing is becoming less affordable, and everyday costs like groceries and energy are putting pressure on households. At the same time, large corporations and the wealthiest individuals are recording record profits and building more wealth than ever. This is happening alongside falling living standards for ordinary people, which is why inequality is moving to the centre of economic debate.
Tax the gas. Tax the 1%. Tax wealth, not work.
The key issue is not a lack of money in the economy. It is how that money is distributed. Working people carry a growing share of the burden while corporations and high wealth individuals often contribute less through loopholes and structural advantages. Governments then claim there is not enough funding for housing, healthcare, education and essential services, even though the wealth clearly exists.
What is changing is the recognition that inequality is not a side issue but a central driver of the crisis. That leads to a simple question. If inequality is pushing down living standards, what are governments prepared to do about it.
The answer being discussed is to tax wealth more fairly, close loopholes, and ensure large corporations and the wealthy contribute properly, with revenue reinvested into housing, Medicare style healthcare, education, public transport and clean energy.
Australia faces the same pressures and the same choices. We can continue as we are, or we can build a fairer system where prosperity is shared more broadly and living standards are protected.
In a wealthy country like Australia, no one should be struggling to afford a home, see a doctor, or put food on the table. Link in comments below 🖇️👇
Mark Delaney
Spokesperson, Ipswich Lockyer Greens 🌿
Credit Gary's Economics