Our top 1% of income earners is an increasingly entrenched elite
- Written by: Roger Wilkins, Professorial Fellow and Deputy Director (Research), HILDA Survey, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne
ShutterstockThe share of total income collected by the top 1% of Australia’s income earners has been trending upwards since the 1980s. It is now about 9% of total income.
How concerned should we be about this? To some extent it depends on fluidity of membership of the top 1% (which in Australia means earning a pretax income of at least...
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