Category Archives: Wealth Inequality

Malcolm Turnbull’s myth of ‘middle Australia’ ignores both gender and reality | Greg Jericho | Business | The Guardian

‘Middle Australia’ earns much less than the government would have you believe and women continue to earn much less than men Source: Malcolm Turnbull’s myth of ‘middle Australia’ ignores both gender and reality | Greg Jericho | Business | The … Continue reading

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James Packer may determine Crown Resorts board’s 50 per cent pay rise

The CEO has tripled his remuneration, and the board want a 50 per cent pay rise, but that’s OK. Crown Resort’s largest shareholder, James Packer, can now help vote through the pay bonanza. Source: James Packer may determine Crown Resorts … Continue reading

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REVEALED: This Crazy Loophole Forces Taxpayers to Fund CEO Pay

The next time someone says America is broke and we have to cut spending, ask them if they approve of their tax dollars subsidizing CEO pay. Source: REVEALED: This Crazy Loophole Forces Taxpayers to Fund CEO Pay

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A plea on behalf of rich property owners – » The Australian Independent Media Network

By James Moylan Nobody likes homelessness. It’s not something anyone would choose to do, or choose to inflict on someone else. But we have no option. The very survival of our nation and a way of life depends on it. … Continue reading

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Fixing wealth inequality: future generations will think us mad, and they will be right | Wayne Swan | Opinion | The Guardian

We will rue the day we did not use this period of ultra-low interest rates to invest in infrastructure and put our people to work Source: Fixing wealth inequality: future generations will think us mad, and they will be right … Continue reading

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Labor Is At War With Inequality, Not Business – New Matilda

A barely reported speech delivered recently by a Labor MP reveals the party is moving towards a more radical position on the thorny issue of competition. Despite the shrieks from the business lobby, it’s not really about them, writes Ben Eltham. … Continue reading

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The Panama Papers Expose the Hidden Wealth of the World’s Super-Rich | The Nation

As global wealth concentrates in fewer hands, the world’s wealthy are shifting trillions to offshore havens to escape taxation, accountability, and publicity. Source: The Panama Papers Expose the Hidden Wealth of the World’s Super-Rich | The Nation

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Time Past to Whose Benefit?

 

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They get $438k, you get just $48k: figures show the uber-rich are earning more and more

The top 1 per cent of Australian earners amassed an extraordinary 9 per cent of Australian income in 2013, the highest proportion since the 1950s. Source: They get $438k, you get just $48k: figures show the uber-rich are earning more … Continue reading

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What’s A Rigged Economy? How the Rich keep you Poor

Source: What’s A Rigged Economy? How the Rich keep you Poor

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Why it’s getting harder to be one of the world’s wealthiest people

The uber-wealthy face a bevy of headwinds including succession and inheritance issues, higher taxes and a potential slowdown in the global economy, a report says. Source: Why it’s getting harder to be one of the world’s wealthiest people

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The Reverse Robin Hood: Tax ‘Reform’ In The Age Of Oligarchy – New Matilda

Liam McLoughlin is ‘calling bullsh *t’ on sustained government efforts to increase the gap between rich and poor.  I do not believe we are living in a democracy anymore. We are living in a plutocracy in Australia. That is, government … Continue reading

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The four-letter word you won’t hear spoken by politicians

There is a four letter word politicians hate – and it isn’t what you might think. Source: The four-letter word you won’t hear spoken by politicians

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VIDEO: John McCain Admits Bernie Sanders Is Right About Income Inequality – Has Abbott turned?

  Source: VIDEO: John McCain Admits Bernie Sanders Is Right About Income Inequality – Truthdig

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How the Rothschilds Use America to Dodge Billions in Taxes AnonHQ

(ZEROHEDGE) Back in September 2012 we first presented “the world’s biggest hedge fund nobody had ever heard of”: a small, previously unknown company called Braeburn Capital which, however, managed more cash than even Ray Dalio’s Bridgewater, the world’s largest hedge … Continue reading

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How Unequal We Are: The Top 5 Facts You Should Know About The Wealthiest One Percent Of Americans | ThinkProgress It’s got worse

As the ongoing occupation of Wall Street by hundreds of protesters enters its third week — and as protests spread to other cities such as Boston and Los A Source: How Unequal We Are: The Top 5 Facts You Should … Continue reading

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Robert Reich (And Now the Richest .01 Percent) this is 2014 and it ain’t getting better. Why Bernie just might be President!!

Source: Robert Reich (And Now the Richest .01 Percent)

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Robert Reich: America is trapped in a vicious wealth cycle – Salon.com

A progressive era saved us from the robber barons and it can save us now, argues the former secretary of labor Source: Robert Reich: America is trapped in a vicious wealth cycle – Salon.com

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System Change Not Climate Change

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Wealth Inequality Rises AGAIN AnonHQ

Well, global wealth inequality is up. Again. Oxfam had stated in January of this year that the 1% wealthiest people controlled 48% of the world’s wealth in 2014. They had predicted that this percentage would rise to 50% by NEXT year. … Continue reading

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America’s 100 Richest People Control More Wealth Than the Entire Black Population | Mother Jones

The moneyed elite is, as you may have guessed, pretty pale. Source: America’s 100 Richest People Control More Wealth Than the Entire Black Population | Mother Jones

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Top Fifth Of Households Hold 70 Times Wealth of Bottom Fifth, Report Finds |LNP repy they use a different stat base

Top Fifth Of Households Hold 70 Times Wealth of Bottom Fifth, Report Finds | newmatilda.com.

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There’s a hidden but easy-to-guess reason why many white folks are born wealthier than black folks. Consider the paralles here in Australia

There’s a hidden but easy-to-guess reason why many white folks are born wealthier than black folks..

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If you’re going to compare levels of income and welfare, do it fairly

If you’re going to compare levels of income and welfare, do it fairly – The Drum (Australian Broadcasting Corporation).

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Think For Yourself: Short Term Loans; Signal of a widening wealth gap and the casualisation of labour

Think For Yourself: Short Term Loans.

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1 per cent of the world will own more than half its wealth by 2016, Oxfam report says The World Today : Abbott governs for the 1%

Audio: Oxfam CEO Helen Szoke speaks to The World Today (The World Today) “The actual global checks and balances that might have once achieved the kind of reasonable equality that occurred after the Second World War have broken down; they’re … Continue reading

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