Here’s why billionaires can face lower tax rates than people whose income primarily comes from wages.
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You don’t have to be born rich to make big money in Australia, but it certainly helps.
Wealth inequality is a growing problem, with the richest 20% of Australians owning more than 60% of our wealth. But for true happiness, more money is rarely enough.
Infestations, overcrowding and suicide attempts have all been found at asylum accommodation sites run by private companies.
The wealth of the top 200 Australians has risen by A$56 billion to a staggering $480 billion.
Raising income taxes for the super-rich can help ease the burden on government budgets and reduce inequality in society.
Inherited wealth matters less among Australia’s super rich, fresh ideas matter more.
Top contributors
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Adjunct Assistant Professor, Universitas Bakrie
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Associate Professor, School of Geography, Earth and Environmental Sciences, University of Birmingham
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Professor of Business and Society, University of Technology Sydney
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Senior lecturer in Doctoral Program in Economics, Trisakti University
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PhD candidate, RMIT University
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Lecturer in Psychology, Swinburne University of Technology
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Professor, School of Economics, The University of Queensland
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Lecturer in Economics, University of Canberra