PHOTO: Sharing the wealth around is not as straight forward as you might think.
The top one per cent (1%) of Australian income earners have accumulated ten (10) times more wealth than the bottom 50% in the past decade according to new analysis by Oxfam Australia.
The analysis also found that this 1% are now 61% richer than they were pre-pandemic and pocketed on average $150,000 a minute over past the 10 years.
Oxfam’s analysis was released on Monday 23 January along with the global report on wealth disparity that it calls “Survival of the Richest”, which was launched to coincide with this year’s World Economic Forum in Davos, Switzerland…