Does Australia have the appetite for economic change, or are we stuck with a system that rewards the rich? | Van Badham

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Does Australia have the appetite for economic change, or are we stuck with a system that rewards the rich? | Van Badham
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Decades of rewarding the wealthy for being wealthy at taxpayer expense has created a fortified ghetto of advantage

Ah, yes – egalitarian Australia … where somehow it’s become political habit to reward the wealthy with disproportionately more material flattery from the state than those who have less.

Hell, let’s start this analysis with last week’s news from New South Wales. Faced with an imminent state electoin, the conservative premier, Dominic Perrottet, is banking his leadership fortunes – quite literally – on a reward-the-rich scheme that his campaign has the zealot’s temerityUnder the scheme, tax revenue would be funnelled into cash deposit accounts for each NSW child under 10, accruing until withdrawal at adulthood.

” of the late 1990s doubled-down on Labor’s mistake. The baby bonuses and spraying around of generous family tax benefits for higher earners drew fair criticism … but it was upper-class welfare that was Howard’s most damning legacy. His government also imposed a GST which squeezed disproportionately more from the poor than the rich.

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