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Inequality : Comments
By David Leyonhjelm, published 10/1/2019Echoing the rhetoric of Bernie Sanders and Jeremy Corbyn, Bill Shorten recently claimed in a speech that rising inequality was the single biggest threat to Australia's social cohesion and the economy.
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That the liberalizing of the economy started by Keating and continued by Howard delivered the greatest increase in living standards of the bottom 25% over 2 decades ever recorded in Aus seems to be ignored by the economic ignoramuses in Labor.
Winding back these reforms may reduce the "inequality" but make everyone substantially less well off.