Australia’s wealthiest 20% worth 90 times the country’s poorest, new report reveals
Australia’s wealthiest 20% worth 90 times the country’s poorest, new report reveals
Superannuation and property investment fuels growing inequality, with the richest fifth worth an average of $3.2m
And what are we going to do about it? Absolutely fucking nothing.
The gov commission another report so a consulting firm filled with the 20% gets paid a few million to produce a repost giving recommendations to the government on how to address the problem.
The Gov will talk long and hard about how commissioning another report is the first, very necessary step, in addressing the problem.
When the report is received it will again be used for a few positive headlines for what ever party (lab or LNP it does not matter) happens to be in power at the time.
It will then be shelved as all the recommendations would slightly negatively affect those writing the report, those giving donations to the party and those actually making the decision.
So, a few more million is transferred to the ones that don't need it.
It's fucking unconscionable. We should be taxing these fuckers harder.
Only 90?
And I don't think people realise just how bad things are.. I was a tradie..
- We had a rich customer literally send a helicopter to pick up a $25000 projector for his home
- The biggest home I worked with, was 4 stories, and the bottom story was literally a garage which was bigger than my entire block.. it was pointlessly big
- Another rich persons home had a massive gas firepit (fire fountain I guess), in the middle of his swimming pool
- Another rich guy with a swimming pool with see through bottom you can see from underneath in house
- A home in Brighton with a full blown tennis court and massive yard
- Had a rich guys kid threaten me onsite to try to get what he wanted.
- We did work for 2 lib politicians. 1 literally flew a few of us interstate to move their rack to a different location (as they changed their mind). Another one had a useless IT guy that messed up their network, and then refused to pay the bill until we fixed it.. for free..
- One guy in the docklands smashed a $10000 8K TV, and literally just went out and bought a second one same day
- The WORST customer had (mechanic), was boasting how he got kicked from Uber for being racist. After it was reinstated, he said a racist joke to the driver which was delivering something whilst we were there.
- Lots of rich people throw parties where people eat off naked women..
These guys aren't job creators. They're just wasting money, and they definitely should be taxed more.
Most of them got there by screwing other people (in particular, the mechanic). They clearly can afford more taxes. Some of them purposely screw their customers too (so, the jobs they create aren't the ones we should be creating)
We need to get that number down to like 9 at most. Better yet, 3.
This is the best summary I could come up with:
Australia’s wealth gap has continued to grow over the past two decades, with superannuation and property investment driving inequality across the country, a new report from the Australian Council of Social Service and the University of New South Wales has revealed.
Over the past two decades the average wealth of the top 20% has grown at four times the rate of the lowest, the report has shown using figures from the latest Australian Bureau of Statistics data in 2019.
These forms of wealth deliver substantial capital gains each year to individuals with the highest incomes.
The Acoss chief executive, Cassandra Goldie, joined other advocates in calling for the government to remove policies that spur wealth inequality.
“Left unchecked, growing wealth inequality threatens to exacerbate and entrench generational, spatial and social divisions in our community,” she said.
Goldie said the government’s timely pandemic response and increase to social security payments reduced income inequality, but only temporarily.
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