The fund manager Geoff Wilson, a prominent public critic of the government’s tax changes, has deleted an inflammatory AI-generated video he reposted from a rightwing nationalist account portraying Anthony Albanese and Jim Chalmers taking money from white Australians and giving it to recently arrived migrants wearing Islamic face coverings.
Wilson said he had not watched the full video before sharing it or examined other accounts, some of whose content he reposted on Wednesday morning – which included content relating to the QAnon conspiracy theory – and deleted his posts after being contacted by Guardian Australia.
“Once the inappropriate associations were identified, I immediately removed the two posts,” he said.
The video posted by Wilson – a relative of the shadow treasurer, Tim Wilson – also includes AI-generated imagery of a protest march where demonstrators hold signs reading “diversity is not our strength” and “treason”, as well as images of a white family with blond children becoming homeless after leaving their house, which is later occupied by a triumphant south Asian family.
In other social media posts on X on Wednesday, Wilson also reposted content relating to the QAnon conspiracy theory, and from accounts regularly sharing anti-immigration content.
“We have only just begun. We will stop this insane CGT on all Australians businesses!” Wilson wrote alongside the reposted AI-generated video.
Wilson, the founder and chair of Wilson Asset Management, is a well-known investment manager and often quoted by media as an expert voice on tax and finance. His views are regularly highlighted by 2GB radio, the Australian Financial Review and The Australian newspapers, and Sky News television among others.
He is a major public critic of Labor’s contentious negative gearing and capital gains tax changes, calling them “economic vandalism” and an “aspiration tax”, and criticising the government for breaking promises not to change those settings. Wilson was also among the most vocal opponents of Labor’s proposed reforms to franking credits in 2019 and its 2025 changes to tax unrealised gains in superannuation.
Senior Coalition figures have quoted and promoted Geoff Wilson’s views on tax legislation in recent media appearances.
The AI video Geoff Wilson reposted on Wednesday morning depicts Albanese and Chalmers taking bags of money from homeless white Australians, which is then handed to people with dark skin and Islamic-style face coverings departing from planes.
It goes on to depict crowds of people of south Asian and Middle Eastern appearance appearing to rush across an airport tarmac. The video ends with images of an angry protest crowd led by a blond woman – featuring people wearing clothes bearing the words “resist” – holding up signs including “diversity is not our strength”, “treason” and “no world order”.
That clip was reposted from an account that states in its bio “Nationalist” and “White Lives Matter”, which has also previously posted Holocaust denial and other antisemitic claims.
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Another post shared by Wilson included a video stating “And just like that, everyone who laughed at us, suddenly believes in Q” – a reference to the far-right conspiracy theory QAnon – from an account which regularly posts content about the QAnon conspiracy theory.
Contacted for comment, Wilson said he “shared material without fully checking all of its sources and content”.
“I posted the content as part of our campaign against the government’s damaging CGT changes to Australian businesses. The focus was to clearly articulate the campaign against this illogical new tax on Australian businesses has just begun,” he said.
“I unequivocally reject racism, antisemitism and conspiracy theories of any kind. The focus remains fully on opposing these insane tax changes that will clearly harm the Australian economy, aspiration, investment, small business and economic growth.”
He has since delated the AI-generated video and the post referencing QAnon.
Wilson’s post about “we have only just begun” is a reference to the song of the same name from American pop duo the Carpenters, a video of which he later also posted on X.
Albanese has previously rejected Wilson’s criticisms of the budget tax measures, saying he “has been a political participant for some period of time … Geoff Wilson has opposed everything my government has done.”
