The Widening Wealth Gap
New numbers released yesterday by Oxfam has revealed that the number of Australian billionaires increased from 33 to 43 in 2018, raking in a collective $100 million a day last year! The stats also reveal that the top 1% of Australians continue to own more wealth than the bottom 70% combined as the gap between rich and poor continues to grow. So how did we get here and do we have any chance of restoring some equilibrium in our society?
The Daily was joined by Senior Economist from Oxfam Australia Lisa Lee.