Australia’s wealthiest 20% worth 90 times the country’s poorest, new report reveals
Superannuation and property investment fuels growing inequality, with the richest fifth worth an average of $3.2m
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And what are we going to do about it? Absolutely fucking nothing.
The gov commission another report so a consulting firm filled with the 20% gets paid a few million to produce a repost giving recommendations to the government on how to address the problem.
The Gov will talk long and hard about how commissioning another report is the first, very necessary step, in addressing the problem.
When the report is received it will again be used for a few positive headlines for what ever party (lab or LNP it does not matter) happens to be in power at the time.
It will then be shelved as all the recommendations would slightly negatively affect those writing the report, those giving donations to the party and those actually making the decision.
So, a few more million is transferred to the ones that don't need it.
Sounds like it’s good to be in the consulting business
Consultants produce knowledge gruel, which as it turns out, is a really in-demand product right now as we descend on our current path to 'fuck around and find out' land. Academics and scientist types tell governments and businesses what they don't want to hear. Consultants will sell them knowledge gruel disguised as cake.
Government proceeds to ignore all recommendations and set up an investment fund that, in the event of a positive ROI, would go towards addressing wealth inequality by hiring private companies to distribute welfare payment increases.