The Economic Inequality Of Australia - 1861 Words

Australia, although being a multicultural country where everyone is equal, there is a severe presence of economic inequality. With millions of people living poverty, Australia’s wealthy continue to accumulate wealth, whereas the poor continue to become poorer. With the economic inequality in Australia rising, the Australian government is contributing to this by creating new policies within the budget, making those who are disadvantaged already worse off. Rather than creating policies that make the wealthy even wealthier, the government should be reducing the burden on those who actually have substantial burdens already. The government is aware that there are ways in which they can reduce the economic inequality in Australia, however with†¦show more content†¦This means that those who are already well off, are getting advances that make them wealthier and those who are struggling are only getting small advances that determine whether they can put food on the table and provide for their families. An example of a struggling Australian dealing with the economic inequality posed against him is Duncan Storrar. Storrar appeared on a popular political show on the ABC, QA and posed a question to the panel. â€Å"I have a disability and limited education. I ve been a low income earner my whole life and as such I pay a larger percentage of my income in taxes than the average Australian. Lifting my tax free threshold would change mine and my children’s life. How come rich people get a lift in their threshold? It means nothing to them but to me it would mean my kids hear something else apart from ‘sorry girls, daddy is broke’† (Storrar, 2016). Duncan is just one example of how he economic inequality in Australia affects its citizens. The government of Australia highly impacts the economic inequality in Australia with doing things such as bringing in polices and aiming the budget at certain demographics. After the highly anticipated budget release of 2016, the government told Australians of the major budget measures that were going to affect them. This included a raise of the tax bracket for middle income earners, redefining it as $87,000 rather than the current $80,000. Currently, the bracket is for those who earn $37,001 - $80,000. â€Å"Tax