Our ABC promotes a "Wealth Tax" proposal., page-51

IMO the uber rich's income is via dividends fully franked.

IMO the fair thing to do is to increase the top tax rate
-say $500K P/A +) to 60% so that billionaires living
off FF dividends & now paying 15% income tax
have to pay a net 30 % income tax . This is what
some European countries do.

Top income tax rates:
Switzerland: .......59.7%
Japan ................56%
Spain .................54% etc etc
(Source : Wikipedia)

If these top rates click in at $500K P/A then, IMO,
it wont effect too many on these threads....eh?

One would not consider any of these as Socialist,
In fact Switzerland & Japan are as Capitalist as you get.