Gina Rinehart Criticizes Australian Government Spending on 'Woke Propaganda'
The mining magnate asserts that taxpayer funds are being misallocated while her company, Hancock Prospecting, reports record tax contributions.
Australia's richest person, Gina Rinehart, has sharply criticized the Australian government under Prime Minister Anthony Albanese, accusing it of "wasting" taxpayer money on "woke propaganda." Rinehart's comments coincide with her company, Hancock Prospecting, announcing a net profit after tax of $2.8 billion for the fiscal year ending June 30 and paying a record $2.3 billion in Commonwealth and state taxes.
Hancock Prospecting's total assets have grown to $50.3 billion, with total comprehensive income reaching $5.2 billion, an increase from $3.5 billion. Over the past decade, the company's tax contributions to federal and state governments have amounted to $24.5 billion, in addition to taxes paid through employee salaries.
"No private company in Australia pays more (in taxes)," Rinehart stated, emphasizing that "every single dollar we pay in tax is a dollar that everyday Australians don't have to find themselves or another dollar that is not added to record government debt."
Rinehart specifically targeted government expenditures, including over $715 million in rent for federal government offices in Canberra, citing high non-occupancy rates due to work-from-home policies. She also pointed to billions spent on federal subsidies and initiatives related to the Paris Accord, which she claims negatively impact farmers. Furthermore, she criticized spending on "the left propaganda machine, the ABC, and unknown amounts on miseducation, DEI woke propaganda and teaching our children to be ashamed of our country, even to hate it."
She argued that increasing government size leads to greater demands on taxpayers. Rinehart concluded that Australia's current trajectory, marked by record federal debt, business failures, falling living standards, and rising costs for citizens, is a result of "socialist policies" that ultimately harm many.
Hancock Prospecting's annual report also highlighted operational milestones, including the opening of the McPhee Creek mine and progress in joint ventures in Saudi Arabia. The company also detailed its charitable initiatives, such as acquiring apartment buildings for homeless veterans, significant contributions to Telethon, funding for the Rinehart Kookaburra Centre at The Children's Hospital at Westmead, and providing bonuses to Commonwealth Games athletes. Additional philanthropic efforts include support for Solaris Cancer Care, domestic violence initiatives, the Royal Flying Doctor Service, Soldier On, the SAS Resources Fund, and the Commando Welfare Trust.
