top 1% have more wealth than the bottom 70% in Australia, page-128

  1. 5,647 Posts.
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    Confusing my ratios doesn't change the point. Restated

    The Gini co-efficient equates the top 50% to the bottom 50%. Tax cuts for small business would, not unexpectedly, have a greater impact upon the income of the top 50% than the bottom 50% who are more likely to be on benefits, pension, etc.

    Why do you ignore transfers and only focus on tax? Apparently, you believe we can cut welfare/social services, flat-line real wages and destroy job security with no detrimental effects. Maybe people are just imagining that their households are more cash-strapped?

    Why do you begrudge all our citizens a fair share of the nation's spoils? Aren't they also worthy of a life lived with inclusion and dignity?
 
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