Shortinghero, IMO we should be over the moon that investigative...

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    Shortinghero, IMO we should be over the moon that investigative journalists have the courage to expose what appears to be brazen abuse of the rights of low income earners to fair working conditions and remuneration. IMO such behaviours are un-Australian and explain why Tony Abbott's TURC's Terms of Reference were flawed from Day 1:

    Recent international articles [ie not Fairfax and not The ABC] have revealed how at least 65% of Australia's billionaires depend on political decisions whereas in the USA that figure is just 1%; with stories like this one you can almost touch the difference between our billionaires and those overseas:

    "... Why is politically connected wealth inequality so bad for a country? The researchers suggest that when wealth and power becomes concentrated in the hands of a few, those business and political elites often influence government policy in a way that hurts the broader interest. ..." "... Over 80 per cent of the wealthiest Australians have made their fortunes in property, mining, banking, superannuation and finance generally - all heavily regulated industries in which fortunes can be made by getting favourable property rezonings, planning law exemptions, mining concessions, labour law exemptions, money creation powers and mandated markets of many stripes. ..." "... the Australian situation is in stark contrast to that of the US, where only 1 per cent of the billionaires reportedly made their wealth through political connections. ..."

    http://www.washingtonpost.com/news/...re-bad-for-growth-and-others-arent/?tid=sm_tw
 
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