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Keywords: Wealth

  • ECONOMICS

    What will rising interest rates mean for wealth inequality?

    • David James
    • 01 March 2022
    3 Comments

    Australia’s Reserve Bank mainly concentrates on keeping inflation within an acceptable range and maintaining a high level of employment. Social equity has never been considered to be part of its mandate. It should be. Interest rates have been the biggest cause of economic and social division in Australia, not just between rich and poor, but also between older and younger generations. 

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  • ECONOMICS

    Best of 2021: Homelessness is caused not by poverty but by wealth

    • John Falzon
    • 04 January 2022
    7 Comments

    When you put rising housing costs alongside stagnating wages, an alarming trend in normalising insecure work, persistent unemployment and underemployment, and statutory incomes that are going backwards in real terms, there’s good reason to be deeply worried about an increase in homelessness.

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  • AUSTRALIA

    Look back at who we’ve left behind

    • Andrew Hamilton
    • 18 November 2021
    7 Comments

    The abrupt change in public attitudes to the threat of COVID calls to mind an earthy Cambodian proverb. It describes someone who has begged a boat ride across a river and then goes on his way without thanking or paying the boatman. Roughly translated the proverb says, ‘Flash your bum and say good-bye’.

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  • AUSTRALIA

    Why our defamation laws are no longer fit for purpose

    • Cristy Clark
    • 10 November 2021
    9 Comments

    Peter Dutton has recently argued that funds for defamation actions should be a ‘workplace entitlement’ for Members of Parliament (MPs). I’d like to repeat that another way: the Honorable Peter Dutton, Commonwealth Minister for Defence, would like the taxpayer to fund MPs to sue members of the Australian public for defamation.

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  • FAITH DOING JUSTICE

    Expose thyself to feel what wretches feel

    • Andrew Hamilton
    • 29 September 2021
    7 Comments

    In the Catholic calendar the Feast of St Francis of Assisi falls on next Tuesday. Although he gave up on wealth, power and influence Francis probably had a bigger effect on his world than any of his contemporaries. He continues to attract people to challenge the values of our society and to spark renewal in Christian institutions at the risk of going stale.

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  • ECONOMICS

    Labor’s embrace of Liberal tax policies leaves poor worse off

    • Chris Smith
    • 31 August 2021
    11 Comments

    In July, Anthony Albanese announced a significant change of stance on Labor tax policy which was disappointing, if not surprising. An elected Labor government, Albanese promised, would keep the coming high income tax cuts he previously opposed. This decision to not oppose the government proposal to restructure the income tax system through reduced marginal rates is supporting a government policy that will lead to a significant redistribution of wealth towards high income earners.

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  • ECONOMICS

    Homelessness is caused not by poverty but by wealth

    • John Falzon
    • 10 August 2021
    13 Comments

    When you put rising housing costs alongside stagnating wages, an alarming trend in normalising insecure work, persistent unemployment and underemployment, and statutory incomes that are going backwards in real terms, there’s good reason to be deeply worried about an increase in homelessness.

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  • AUSTRALIA

    Prison time for perpetrators but justice eludes victim of modern slavery in Australia

    • Rebecca Dominguez
    • 02 August 2021
    4 Comments

    Last month, a man and a woman were sentenced to between six and eight years in jail for intentionally possessing and exercising the right of ownership over a slave between 2007 and 2015 in Mount Waverley, Victoria. After arriving in Australia from the Tamil Nadu province in India on a 30-day tourist visa, the woman’s passport was taken from her and she was forced to cook, clean and care for the couple’s three children on an average $3 per day. 

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  • ECONOMICS

    Our economy needs democratic oversight, not the unleashing of animal spirits

    • John Falzon
    • 06 May 2021
    23 Comments

    In a recent speech to business leaders, Prime Minister Morrison made the remarkable claim that ‘we are going to meet our [climate change] ambitions with the smartest minds, the best technology and the animal spirits of capitalism.’ This is straight from the neoliberal playbook, the doxa that the role of government is to get out of the way to make room for those animal spirits so as to pander to the fantasies of the wealthy few.

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  • INTERNATIONAL

    The politics of vaccines

    • Daniel Sleiman
    • 04 February 2021
    8 Comments

    Despite talk against ‘vaccine nationalism’ the pharmaceutical companies are ultimately beholden to investors and shareholders. Their effectiveness percentages are pitches. They will sell to those who can afford to buy. And naturally that’s wealthy countries.

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  • RELIGION

    Francesco the film: ‘The path is opened by walking’

    • David Holdcroft
    • 27 October 2020
    9 Comments

    Insofar as there is hope in Francesco, it emerges gradually through an intimate viewing of the Pope’s engagement with the ‘hot button’ issues of our day, the environment and climate change, refugees and immigration, violence and conflict, disparity of wealth and poverty, women’s place in society and Church, family and sexuality, and sexual abuse within the Church.

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  • ARTS AND CULTURE

    Fair enough?

    • Seetha Nambiar Dodd
    • 20 October 2020
    3 Comments

    The story of colourism has roots that go back many generations; it has trickled relentlessly through time and is still evident in many ways today. In many countries with a colonial history, light skin was perceived, for a long time, as belonging to the upper classes, constituting power and wealth.

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