Monday, 6 November 2017

The Haves and Have Nots


I came across this video last week. The video was produced by the Australian Council of Social Service. Despite more than two decades of unprecedented economic growth, income and wealth gaps continued to grow between the top 20 percent and the bottom 20 percent of the population. 

This video and related report were produced in 2015. I wonder how those people being squeezed out of the pool during the period of unprecedented economic growth are faring now in this post economic boom period?






5 comments:

  1. Thanks for the video, Sherri. I must take a look.

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  2. I enjoyed the video. It was easy to understand. Although I'm not so sure about the punchline - increased taxing of the wealthy to fix the problem. I understand why that rationale would seem like "equality", by theoretically, pouring extra tax money into more disadvantaged segments of society.

    In reality, when govt's collect more money on behalf of the disadvantaged, their need for extra govt funding to oversee them, increases - making EXCELLENT employment conditions for civil servants, but subsequently reducing what goes to those well intended programs.

    And if a different side of politics gets in (*cough* Liberal *cough*) funding is always pulled, and we're back to the same equation again. I certainly understand the rationale used in the punchline, but it's never that simple. I'm not suggesting an alternative answer either, so I'm not that helpful to the discussion.

    I will say, my husband and I have the opportunity to get richer, but ultimately choose a lifestyle of less. So we're not driven to succeed as the top 20% are. We're in that cramped end of the pool, by choice, I guess. I don't intend to out-compete a workaholic, doing 70 + hours a week, making money by building an empire. Golly, it's hard enough running five acres, lol.

    I guess there are many ways to look at this situation. And it's a discussion worth having.

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    1. Good points Chris. Many people have gained wealth because they are willing to work really long hours and take risks that others don't.

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  3. I'm not sure what I think about this.....Australia is more socialist than it seems on the surface.

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    1. Yes...maybe it is. Or I suppose some sectors are. I perused the report (the link is in the post) and some of the figures were interesting.

      I sometimes wonder if the solutions people and organisations look to may take a too narrow view of things considering the complexity of the society we live in and the number of threats we are told we are facing.

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