wealth

We're all familiar with the old maxim: “the rich get richer while the poor get poorer”. It is said as often with resignation as it is as a call to action.

Left unquantified it remains abstract but it is much easier to get worked up when the sheer scale of material inequality is in front of your face. Hence the growing outcry surrounding Oxfam's recent annual reports on global inequality that clearly demonstrate the concentration of world resources in the hands of the 0.1%.

As economists debate whether this year will be economically better or worse for Australia, one thing is certain: we will all get screwed even more this year.

Last week, issued its survey of 27 leading economists from financial institutions, academia and consultancies.

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