




The Ugly & Uncomfortable Truth of the Aus Economy. We protect Wealth & Assets whilst discouraging Work. AUS is the land of the inheritance. Most younger Aussies are not able to buy property alone so they rely on their parents for help. Why? We punish labour/work while incentivising assets (wealth)
We are not the land of creators, builders and innovators. Most younger Aussies don’t have aspirations of entrepreneurship or small business ownership compared to young Americans.
Most wealth is Australia is highly concentrated in wealth (assets like property and trusts). Not earnt from labour (work/income). We have a two-speed economy where one is taxed heavily (income) and the other wealth (assets) is given tax credits and concessions.
So why are younger Aussies not getting ahead in their own anymore? Incomes taxes are high and incentives are low. Work isn’t valued. Wealth and assets are.
And any attempt to change this model and flop it is met by a barrage of mass media coverage that is negative and critical. Also it’s because that’s how they have their money too.
Unless Australia changes this model, we will see levels of wealth inequality unprecedented in this country. And with this, more divide, more division and more power highly concentrated.