Rich vs Poor and the Widening Gap
Did you know that the richest 85 people in the world have more wealth than 50% of the rest of the world’s population?
Did you know that inequality is growing across the world despite the last 15 years of working towards the Millennium Goals?
Did you know that the richest 10% of the population in Australia are multi-millionaires and the poorest 10% have no wealth at all?
It is this poorest 10% in Australia who have been hardest hit by the recent Federal Government budget.
Inequality from a Samaritans perspective is obviously a bad thing. But we should all be worried about this phenomenon which is gripping Australia and most countries of the world. It has been well-established over the years that countries which have equitable incomes, whether they’re high or low, tend to be happier, more cohesive places to live. When inequality sets in, problems emerge such as higher rates of imprisonment, higher rates of unemployment and homelessness, addiction and school failure. When inequality reaches a certain level, it becomes bad for the economy as well as for social cohesion. That’s where we appear to be heading and that’s when our politicians may take notice.
Cutting back on pensions and withdrawing social protection from people experiencing unemployment will lead to further increases in inequality in Australia.