Old theories never die,they just get renamed. Scott Morrison’s notion of cutting taxes for the wealthy won’t spur growth, it will just entrench inequality furtherI grew up in Sydney, and a beautiful city regarded as one of the most habitable in the world. But that amenity is increasingly fitting unattainable for many Sydneysiders. As inequality increases,the opportunities and natural beauty become available to a dwindling minority: according to an Australian Bureau of Statistics report Sydney has become Australia’s least egalitarian city, where 11.4% of all income goes to just 1% of residents. And now the government is embarking on tax reform that could make it worse everywhere.
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Source: theguardian.com