Coalition plans on track — corporate slice of the nation’s pie hits all-time high

The process of shifting wealth and income from the poor and middle to the rich continues apace. Alan Austin examines the latest national accounts. FOR THE FIRST TIME since 1959, when Australia first published detailed national accounts, the share of all income going to corporations has risen above 30%. Simultaneously, the share for employees has fallen below 50% for the first time ever.

Coalition plans on track — corporate slice of the nation’s pie hits all-time high