{"id":32913,"date":"2015-06-22T00:00:00","date_gmt":"2015-06-22T00:00:00","guid":{"rendered":"https:\/\/cms.fiveaa.com.au\/uncategorized\/rich-poor-gap-widens-2\/"},"modified":"2015-06-22T00:00:00","modified_gmt":"2015-06-22T00:00:00","slug":"rich-poor-gap-widens-2","status":"publish","type":"post","link":"https:\/\/cms.fiveaa.com.au\/show\/will-goodings\/rich-poor-gap-widens-2\/","title":{"rendered":"Rich-poor gap widens"},"content":{"rendered":"<h3>A new report released on Monday finds that the wealthiest fifth of Australian households own 70-times as much as the poorest.<\/h3>\n<p>The top fifth of households own an average of $2 million each, while the bottom fifth own less than $44,250 each, reports <a href=\"https:\/\/www.smh.com.au\" target=\"_blank\" rel=\"noopener noreferrer\">The Sydney Morning Herald<\/a>.<\/p>\n<p><span style=\"line-height: 1.428571429;\">And those at the top are getting richer much quicker, according to the report. In the eight years to 2012, the top fifth&#8217;s wealth jumped 28 per cent but the bottom fifth&#8217;s just 3 per cent.<\/span><\/p>\n<p>&#8220;The good news is that inequality is not as extreme in Australia as in the United States or the United Kingdom,&#8221; according to Cassandra Goldie, chief executive of the Australian Council of Social Service.<\/p>\n<p>&#8220;Yet we&#8217;ve allowed cracks to appear. The tax changes over the 2000s, particularly tax cuts that have largely benefited people on higher incomes, have reduced the progressivity of the tax system and its effectiveness in reducing inequality,&#8221; she said.<\/p>\n<p><strong>SEE ALSO: <a href=\"https:\/\/cms.fiveaa.com.au\/shows\/rowey-bicks\/graham-cornes-labels-hawks-unaustralian\">GRAHAM CORNES LABELS HAWTHORN &#8216;UNAUSTRALIAN&#8217;<\/a><\/strong><\/p>\n<p><strong>SEE ALSO: <a href=\"https:\/\/cms.fiveaa.com.au\/shows\/david-mark-jane\/susan-close-attacks-leaked-education-paper\">EDUCATION MINISTER ATTACKS LEAKED DETAILS<\/a><\/strong><\/p>","protected":false},"excerpt":{"rendered":"<p>A new report released on Monday finds that the wealthiest fifth of Australian households own 70-times as much as the poorest. The top fifth of households own an average of $2 million each, while the bottom fifth own less than $44,250 each, reports The Sydney Morning Herald. And those at the top are getting richer [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":1432,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[231,268],"tags":[],"geo_market":[],"class_list":["post-32913","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-show","category-will-goodings"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Rich-poor gap widens - FIVEAA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cms.fiveaa.com.au\/show\/will-goodings\/rich-poor-gap-widens-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rich-poor gap widens\" \/>\n<meta property=\"og:description\" content=\"A new report released on Monday finds that the wealthiest fifth of Australian households own 70-times as much as the poorest. The top fifth of households own an average of $2 million each, while the bottom fifth own less than $44,250 each, reports The Sydney Morning Herald. And those at the top are getting richer [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cms.fiveaa.com.au\/show\/will-goodings\/rich-poor-gap-widens-2\/\" \/>\n<meta property=\"og:site_name\" content=\"FIVEAA\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/1395FIVEaa\" \/>\n<meta property=\"article:published_time\" content=\"2015-06-22T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cms.fiveaa.com.au\/wp-content\/uploads\/2020\/03\/cash.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"650\" \/>\n\t<meta property=\"og:image:height\" content=\"366\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tim Ashdown\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@1395FIVEaa\" \/>\n<meta name=\"twitter:site\" content=\"@1395FIVEaa\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tim Ashdown\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/cms.fiveaa.com.au\\\/show\\\/will-goodings\\\/rich-poor-gap-widens-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cms.fiveaa.com.au\\\/show\\\/will-goodings\\\/rich-poor-gap-widens-2\\\/\"},\"author\":{\"name\":\"Tim Ashdown\",\"@id\":\"https:\\\/\\\/cms.fiveaa.com.au\\\/#\\\/schema\\\/person\\\/c9993afbb4e9c76944cb880fa918b687\"},\"headline\":\"Rich-poor gap widens\",\"datePublished\":\"2015-06-22T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/cms.fiveaa.com.au\\\/show\\\/will-goodings\\\/rich-poor-gap-widens-2\\\/\"},\"wordCount\":171,\"image\":{\"@id\":\"https:\\\/\\\/cms.fiveaa.com.au\\\/show\\\/will-goodings\\\/rich-poor-gap-widens-2\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cms.fiveaa.com.au\\\/wp-content\\\/uploads\\\/2020\\\/03\\\/cash.jpg\",\"articleSection\":[\"Show\",\"Will Goodings\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/cms.fiveaa.com.au\\\/show\\\/will-goodings\\\/rich-poor-gap-widens-2\\\/\",\"url\":\"https:\\\/\\\/cms.fiveaa.com.au\\\/show\\\/will-goodings\\\/rich-poor-gap-widens-2\\\/\",\"name\":\"Rich-poor gap widens - 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