billionaires

The federal government plans to spend $130 billion for a wage subsidy, but Peter Boyle argues it is more a corporate survival subsidy.

A decade ago the left believed that it could use social media to outflank the established mass media. But it is the far right that now dominates social media, writes Phil Hearse.

Australia’s 33 billionaires increased their wealth by more than $38 billion dollars last year — or more than $1 billion each. That is more than $3 million each a day!

At the other end of the spectrum, Credit Suisse data cited in the Sydney Morning Herald showed the wealth of the bottom half of Australians declined in the same period alongside stagnating wage growth.

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