[BITList] Top 1% of Australians own more wealth than bottom 70% combined

[John Feltham]

Despite efforts by the treasurer, Scott Morrison, to portray Australia as a country <https://www.theguardian.com/australia-news/2017/sep/30/penalty-rate-cuts-long-weekend-loss-will-run-into-millions-for-workers>in which income inequality is not worsening – contrary to the belief of International Monetary Fund officials <https://www.theguardian.com/business/2017/oct/12/imf-says-australia-has-one-of-the-fastest-rising-income-inequality-rates> – Oxfam Australia has released a new report revealing wealth inequality is still on the rise.


http://tinyurl.com/y7tvregb <http://tinyurl.com/y7tvregb>


The rich get richer and the poor get poorer.




ooroo





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