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Dr Cornel West suggests a society be measured by the way it treats the weak and vulnerable. Currently our way of sharing global resources is based on power i.e. people receive based on their physical, social &/or financial status. Another way to share resources is based on equality i.e. all people receive equally. Another way to share resources is based on equity i.e. people receive based on their needs.

Rutger Bregman points out an obvious way to share resources is through taxation. Shortly after World War 2 the marginal tax rate for wealthy earners in the US was 94%. During his term Ronald Reagan slashed the marginal tax rate to 28%, a trend furthered by Donald Trump who also gave tax cuts to the wealthy.

In Australia, between 2018-19, 66 millionaires paid no income tax and 156 people earning between $500,000-$1million also paid no tax.

Tax minimisation is by no means an exclusive realm for the super rich as this door in regional Australia testifies…