Why is the Australian top 0.1% far less greedy than the UK, US saying Canadian top 0.1%?
Why is the Australian top 0.1% far less greedy than the UK, US saying Canadian top 0.1%?
Figure 1: top 0.1% share of gross income, Australia, UK, USA and Canada since 1946 Source: Chartbook of Economic Inequality. The top 0.1% in Australia is earning not much more than it did in 1946. For most of the post-war period, the Australian top 0.1% earned less than what it earned in 1946. The only spike in the earnings of the Australian top 0.1% occurred after the top tax rate of 66% was…
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