2018 AFR Rich List: A sad indictment of Australia’s rampant neoliberalism

Economic Facts put Australian History into perspective when LNP want to reward the rich with 12.5 bill in tax cuts (ODT)

In 1989, there was one billionaire. In 2002, it reached ten. There were 29 in 2010. Today, it is 76. In 2017, the wealth of the richest 200 grew by about $50 billion or 21% to $282.7 billion. This 21% growth is ten times the growth of wages.

By contrast, between 1989 and 2016 average weekly wages have grown threefold, or thereabouts, over the same period of time.

It is time for workers to reclaim their unions, and to strike for big wage increases and a fair and just society. That and that alone will wipe the smile off the faces of the rich-listers, and begin the process of redistributing the wealth back to those who create it — workers.

via 2018 AFR Rich List: A sad indictment of Australia’s rampant neoliberalism

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