Australia's largest stock trading and investment forum Australia's #1 stock forum

Aussies not so equal and not so free any more, page-9

First 9 Last

Share
Profile

Follow
Michaelirish

24,817 Posts.

490

27/07/17

15:41

Post #: 26119344
Share

Originally posted by bz847 ↑

Aren't they comparing apples with oranges. One is arguing solely that income inequality hasn't risen (pretty sure I have read something confirming this in the AFR last week) and the other was talking about wealth inequality which is indeed going up (as well as mentioning income inequality).
I think, like Philip Lowe has done, we have to be careful when we talk about it because, someone on $80k a year who bought 2 houses 6-7 years ago is absolutely wealthier than someone who has only cracked the $180k in the last 12-24 months. One is asset rich and the other is only just starting to become income rich. Yet what annoys me the most about Bill's rhetoric is that the bad guy is the one on $180k and the one we should help is the one on $80k.
These are 2 very different things.

Expand

I chuckle when I hear Mr Shorten speak about inequality
9 Upvote

Reply

Top Stories

AII

Inside the depths of Panasqueira: A legacy carved in rock

Building value through discovery in Mexico’s silver heartland

Trump chides Powell as Goldman call for calm. The RBA must be nervous

Listen: HotCopper Wire Podcast 016 – FY25 ended up not so bad... but Trump unpause is coming

A junior miner unlocking high-grade potential in British Columbia

First 9 Last

SPONSORED BY