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I chuckle when I hear Mr Shorten speak about inequality

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Michaelirish

24,817 Posts.

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27/07/17

15:41

Post #: 26119344
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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.

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I chuckle when I hear Mr Shorten speak about inequality
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