
New figures released today show an alarming trend of rising wealth inequality as the benefits of the mining boom become increasingly concentrated among a small group of people, Greens Leader Bob Brown said today (Fri).
“The 20th century trend towards greater equality of incomes in Australia is being turned on its head, helped by very generous taxation arrangements which ensure that little can be set aside for the opportunities of the 21st century for the broader community,” Senator Brown said.
“Today’s figures from the Australian Bureau of Statistics provide further evidence for an effective mining tax, as recommended by the Treasury, and a sovereign wealth fund to provide funding for national dental care, high-speed rail and clean energy technology for future generations,” Senator Brown said.
“The poorest fifth in the community have only 1 percent of household wealth, while the richest fifth have 62 percent.”


















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