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

Capitalism failing Aussies, page-3

First 3 Last

Share
Profile

Follow
squidgy

1,454 Posts.

534

30/03/19

08:07

Post #: 37935739
Share

Originally posted by moorookamick: ↑

Australia's startling wealth divide is highlighted in the article below and indicates that for a huge number of Aussies , Australia is far from being "The Lucky Country". It is also interesting to note that 5 out of the top 6 paying professions are in Medicine. No wonder the many Aussies can't afford specialist medical treatment and that Medicare is being ground into the ground by "rip off" specialist fees despite the lowest paid workers paying 1.5% of their minimal salaries to Medicare.

https://thenewdaily.com.au/money/2019/03/29/australias-richest-and-poorest-suburbs/?utm_source=Adestra&utm_medium=email&utm_campaign=Saturday%20News%20-%2020190330

With such disparity between the rich and poor, one has to seriously ask how long will it take for a French-like Yellow Vest movement to organise and hit the streets here? In the interim, I guess Pauline Hanson and the Aussie Populist pollies will pick up the " disgruntled " vote.

Expand

Are you looking for a complete 'equality of outcome'? Where every citizen has an equal life regardless of talent and effort?
The real life equivalent of a grade school race where there is no winner and all get the same participation medal.

If not what level of inequality of outcome should a perfect society have?
11 Upvote

Reply

Top Stories

VMS

Venture to sniff out high-grade REE targets at Jupiter project, WA

WGX

Westgold sets its sights on top five producer status through merger with Karora

VMT

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

MGU

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

GRX

GreenX picks up prospective copper project in Germany

NXG

Cost blow-out for Rook I uranium project sees share plummet for NexGen

DVP

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Is oil undervalued?

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

BOE

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

There are more pages in this discussion • 80 more messages in this thread...

First 3 Last