Three Australian millionaires, Dick Smith, Graham Marr, and Richard Barnes, have joined a global group of nearly 400 wealthy individuals calling for higher taxes on the super-rich to address growing inequality. The trio signed an open letter, timed with the World Economic Forum, arguing that the current concentration of wealth fuels elitism, pollutes political systems, and exacerbates the climate crisis. They proposed various reforms, including a 5% wealth tax that could raise approximately $17 billion annually for essential services like housing, childcare, and healthcare.
Date: February 11, 2026. Summary: theguardian.com