The Wealth Explosion

The wealth of Australians (or at least some of them) has grown by an extraordinary $9.5 trillion or 302% in the past 33 years according to a new report released by the Australia Institute. But because Australia currently has no taxes on wealth and collects very little income from capital gains, government revenues have not grown nearly as rapidly as the wealth of Australians.australiainstitute.org.au // @theausinstituteHost: Ebony Bennett, Deputy Director at the Australia Institute // @ebony_bennettGuest:Richard Denniss, Chief Economist The Australia Institute // @RDNS_TAIDavid Richardson, senior research fellow at The Australia Institute // @daverr01Producer: Jennifer Macey //@jennifermaceyTheme Music: Pulse and Thrum; additional music by Blue Dot SessionsSupport Follow the Money & the research powerful interests fear: https://theaus.in/4vs6XeOSee omnystudio.com/listener for privacy information.