
Here we go again, yet a couple more subtle quiet shifts of wealth to the already wealthy away from middle- and low-income people.
The process can be seen with several announcements in the past week or so: the Reserve Bank’s decision to lift interest rates yet again; the interest cost of government debt to be $122 billion over the next five years; and the finding that in its last year the Coalition Government spent $21 billion on consultancies.
Continue reading “Wealth to the already wealthy”