Outrageous new figures have revealed Australia’s richest 47 people now outweigh the country’s poorest 7 million people.
A briefing published by Oxfam today revealed the 47 Aussies with nine-figure bank accounts grew their wealth at a rate of $2376 per second, or more than $205 million a day.
“The record-breaking nature of the growth in their wealth means that while many have been pushed to the brink, billionaires have had a terrific pandemic,” Oxfam Australia Chief Executive Lyn Morgain said via medianet, detailing how widespread economic initiatives ended up largely benefiting those who needed assistance least.
Tech giant Apple recently made headlines after surpassing the GDP of Italy, Brazil and Canada, while Tesla boss Elon Musk continues to grow his nest egg to unforeseen heights, breaking the $300 billion mark in late 2021. The assumption was based on deaths globally from “lack of access to healthcare, gender-based violence, hunger, and climate breakdown”.
Describing the current situation as a “deadly straitjacket of broken economic systems”, Ms Morgain called on the Australian Government to introduce a more comprehensive tax for the billionaire class.
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