Published: July 11, 2019
As a progressive party leader, Anthony Albanese must acknowledge the reality of inequality, regardless of political blowback
The latest two-year survey of household incomes and wealth from the Australian Bureau of Statistics has revealed that over the past two years inequality has increased. The wealthiest 25% of Australians have increased their income by nearly double that of median income households, while the wealth holdings of the poorest 20% of households has actually declined.
The passing of the recent tax package – including stage three, which overwhelmingly benefits those earning over $120,000, has effectively ensured inequality is going to grow over the next decade.
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