The wealth of Australians (or at least some of them) has grown by an extraordinary $9.5 trillion or 302% in the past 33 years according to a new report released by the Australia Institute. But because Australia currently has no taxes on wealth and collects very little income from capital gains, government revenues have not grown nearly as rapidly as the wealth of Australians.
Host: Ebony Bennett, Deputy Director at the Australia Institute // @ebony_bennett
Guest:
Richard Denniss, Chief Economist The Australia Institute // @RDNS_TAI
David Richardson, senior research fellow at The Australia Institute // @daverr01
Producer: Jennifer Macey //@jennifermacey
Theme Music: Pulse and Thrum; additional music by Blue Dot Sessions
Support Follow the Money: https://nb.australiainstitute.org.au/donate
See omnystudio.com/listener for privacy information.