Australia's wealth gap widened to 90 times between rich and low-income earners, Anglicare Australia reports, attributing it to favorable tax system and government policies for the wealthy.
Australia's wealth gap has widened significantly, with the richest individuals holding 90 times more wealth than low-income earners, according to a new report by Anglicare Australia. The report, titled "Widening the Gap," attributes the widening gap to the tax system and government policies that have favored the wealthy over the past two decades. Anglicare Australia is calling for investment incomes to be taxed fairly and for the government to intervene in addressing the key drivers of unaffordable rents, including winding back housing concessions, ending capital gains tax, and targeting negative gearing to social housing.
August 26, 2024
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