https://www.couriermail.com.au/business/toorak-homeowners-accused-of-being-too-rich-asked-to-give-away-assets-amid-cost-of-living-crisis/news-story/b4aca2dec602ae8dd1cf87ee177eee36

Toorak homeowners accused of being ‘too rich’, asked to give away assets amid cost of living crisis

Toorak's median house price is a staggering $5,300,000, with the suburb having the highest average household income in Victoria of $185,000, according to Australian Tax Office figures for 2019/20.

Last month, residents in the exclusive Melbourne suburb of Toorak opened their doors to find a double-sided sheet of paper accusing them of being “too rich” and harming others as a result.

Jeff Yew, CEO of crypto company Monochrome Asset Management, said the notes were odd.

“The proposals are a little bit wild,” he told http://news.com.au. “There is also a level of ‘this can’t be real’.”

Mr Yew said he knows a lot of high net worth individuals through his work and that a friend, based in Toorak, had sent him photos of the bizarre letter. The chief executive himself is based in Brisbane.

Local Toorak residents are reportedly concerned as the message made reference to violence.

“In our business we deal with a lot of high net worth individuals. Toorak is a particularly wealthy neighbourhood, I would draw that assumption” as to why they posted the letters there, Mr Yew said.

“It’s a very direct way to appear threatening the rich.”

Data from property analysis firm shows the median house price in Toorak is $5.19 million.

Melbourne’s inner city suburb of Toorak is one of the richest in the nation.

It holds the record for the second most expensive property sale in Australia’s history.

A run-down 10-bedroom mansion was snapped up by crypto kingpin Edward Craven in August last year for $80 million, setting a new state record, and coming second in the country.

https://old.reddit.com/r/AusFinance/comments/1436xm5/someone_has_taken_aus_fin_to_the_streets_letters/?sort=controversial

Average /r/Australia user

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Yeah now stop and consider that someone paid to have those printed.

Now who's got too much money hey?

Idk maybe $200 to get some printed up.

Not too bad really.

If you have $200 to print some pointless flyers then relative to a lot of people, you are too rich!

Almost as dumb as the previous comment. The mail out is clearly a form of social protest.

Do you need to be flat broke before you are allowed to talk about social equality?

Talk is free. Flyers are not.

I think you are one of those "only the people richer than me are too rich".

Ok, so..? And..?

So and your comment is pointless. Someone tried to make a social point and had some small printing costs. Try engaging your brain and addressing the point he raises. Of course no one is going to sell there houses for a letter. Don't be so direct or literal. It's a form of protest.

It's a form of nuisance, the posting it here is more likely the real slactivism than the mail drops are any form of protest or activism. You pointing out two hundred bucks, that would imply you could guess the number printed or is entirely a finger in the air, pointless. The sanctimonious lecture that comes with it... And that posting history. Hmm, friends of yours?

Oh Harden up. I am just a vocal supporter of any one who wants to push for social change. Our country and society isn't "finished". We need to always work towards the ideal of what we think it should be and not just assume it'll work out in the end.

That's how all our liberties and rights have been claimed in the past. Pushing for them in small and big ways. And yes leafleting and starting a discussion counts.

Sadly I'm too old, bitter and cynical to be the one doing this, but I'm not so myopic and self-righteous that I consider someone investing their own time and money as "slacktivism" (which btw is a weak term invented to shame people pushing for change).

This is old news, but I fully support the letter dropper. Hopefully some Toorak residents read it and actually reflected on the message. If wealth inequality continues on the path it is, it's only a matter of time until the guillotines come out.

>trust me guys the commie revolution is just around the corner! even though food security is so good 30% of the population is obese and the masses are placated with r-slurred entertainment like MAFS, footy and horse/sports gambling people are definitely eager to fight a bloody civil war to usher in the communist utopia!!!

https://old.reddit.com/r/melbourne/comments/13pacwr/toorak_letter_drop_tells_people_they_are_too_rich/?sort=controversial

I feel like (if this isn't a hoax which it absolutely could be) I relate. There's no political will in Australia to do anything about the issues we face with housing, and the majority of people (mostly homeowners) seem to have a kind of "frick you, I got mine" attitude towards fellow Australians that are struggling. This feels like an act of desperation by someone who literally doesn't know what else to do other than try to speak to the humanity of the wealthy. I'm not sure it's effective, but I do get it.

I think the Greens definitely have the political will to do something about housing with there ambitious housing policy and wanting to remove negative gearing

I worked for a greens majority council they are a tad too classist to effectively combat this issue. They were also actively against social housing in practice. Despite the ways they would bandy about the issue

Greens infighting moment #564364375

: MarseyAboRentFree :