Australian politics, society & culture

The Return Of The Australian Magnate

Submitted by kieronb on Sun, 2012-02-05 10:00

Wednesday, 2 May 2012 - 1:20am

PoliticOZ position:

General Content Item: Right Column Upper

"Since 1980, 13 per cent of Australia's income gains have gone to the top 1 per cent. The rise in inequality is reflected in sales of luxury goods. Prices for waterfront properties and great Australian artworks have soared, reflecting their scarcity. The noughties saw a five-fold increase in Maserati sales. The number of registered helicopters doubled."

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