Capitalism... 82% of new wealth goes to top 1%. Top 1% of...

  1. 1,243 Posts.
    Capitalism... 82% of new wealth goes to top 1%. Top 1% of Australians own more wealth than bottom 70% combined. Top 1% in Australia own 23% of wealth. The wealth share of the top 1% has been almost constantly growing over the past two decades, while the wealth share of the bottom 50% has been falling almost continuously over the past two decades. Australia's Gini Coefficient is now the 22nd our of 35 countries in OECD. Top CEOs take only four days to earn a Bangladeshi worker's life pay. If you believe capitalism is a good thing, you have been brainwashed.
 
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