Australian Politics

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Wealth inequality is growing rapidly and the tax system is making it worse (self.australianpolitics)

submitted 5 months ago by ChrisG to c/[email protected]

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Inequality in Australia is growing and is driven by the rapid accumulation of wealth by the very wealthy.

The wealth of Australia’s richest 200 people nearly tripled over the last two decades. In 2020-21, capital gains exceeded all other types of income combined. Tax reform is needed to address this problem.

#inequality #australia

https://australiainstitute.org.au/report/wealth-and-inequality-in-australia/

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