@richmanparadise: This billionaire shut the parliament down instantly. Kerry Packer was one of Australia's most influential businessmen, building a media empire through publishing, television, and entertainment. Known for his sharp wit and fearless personality, he became one of the country's most powerful figures before passing away in 2005. During a famous 1991 parliamentary hearing, Packer was questioned about tax minimization and whether wealthy individuals were paying their fair share. Rather than backing down, he responded that he was simply using the tax laws as they were written. He argued that minimizing taxes legally was common sense and that anyone who chose to pay more tax than required needed their head examined. What made the exchange memorable was how directly he challenged the premise of the questioning. Packer pointed out that governments themselves create the tax rules and that individuals and businesses naturally operate within those rules to protect their interests. The broader lesson is not about avoiding taxes illegally. It is about understanding the rules, making informed financial decisions, and using every legal opportunity available to keep more of what you earn. Financial knowledge is often just as important as financial success itself. Media: economicsthemovie (YT) Follow for more content like this. #billionaire #economy #ceo #taxes #entrepreneur

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Thursday 23 July 2026 19:14:35 GMT