its all about winners and losers.....
it is not confined to australia....
it is world wide.....even in India....and of course China too, whoops and Africa and etc etc etc....
the meak do not inherit the earth....
its the innovators and people that work harder, take risks, and they do not follow the sheep....nor rely on a catastrophic event to bring them into line...
extract....
What?s noteworthy about the report is that India is among a select group of countries whose millionaire ranks (defined as people who have more than $1 million in investible assets, not including primary residence and consumer durables) are now above levels at the end of 2007, before the Great Recession.
Globally, millionaire numbers jumped 17% to 10 million people holding total assets of $39 trillion. Growth was strongest in the Asia-Pacific region, where there were just over 3 million high-net worth individuals in 2009 (up 26%) with $9.7 trillion in assets. The number of Asian millionaires overtook Europe?s tally for the first time last year, the report said.
http://blogs.wsj.com/indiarealtime/2010/06/24/india-mints-millionaires/
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