Australia’s rich keep getting richer, with the top 1 per cent of Australians owning more wealth than the bottom 70 per cent combined.
- There has been another record increase in the number of billionaires in Australia — from 33 to 43
- The wealth of the world’s billionaires increased by $900 billion in the past year alone, or $2.5 billion a day
- Oxfam wants the tax man to require companies to give detailed public reports about their tax affairs by country, and reinstate a women’s budget
A new report from Oxfam has found another record increase in the number of billionaires in Australia — from 33 to 43 — with their combined wealth climbing to almost $160 billion last year.
Oxfam said this equates to an increase of $100 million a day, or a total increase of $36 billion, and is enough to cover half the Federal Government’s total health budget this financial year.
Former prime minister Tony Abbott suggests Australians would be better off voting for Labor rather than independent politicians and minor parties.
The former Liberal leader said voting for independents such as Clive Palmer or Rob Oakeshott would weaken the credibility of federal parliament.
“If you want a credible parliament, if you want serious government, don’t vote independent. It is better to vote for the Labor Party than to vote for an independent,” Mr Abbott told 2GB radio on Monday.
“For all Labor’s faults, at least they are a party of government or potential government, and that means there is a level of responsibility which the Labor Party has to take which no independent or minor party does.”
He dismissed Mr Oakeshott, who is contesting the NSW seat of Cowper, as a serial candidate and collector of taxpayer money.
ps We know why Abbott hates
@RobOakeshott1. Abbott BEGGED Oakeshott and Windsor to give him the top job in 2010. He did not appreciate the rejection. What a small-minded childish man. Vote him out #Warringah. Please. #auspol #AusVotes2019 #ElectionNow
The underpayments date back to 2004.
In a statement, the State Government said a recent audit identified an “underpayment of royalties under various state agreements”.
BHP also provided a statement saying it was working with the Department of Mines to clear up the matter.
“The Mines Department has recently queried a long-standing and historically accepted deduction for costs related to the sale of WA iron ore,” it said.
“The long-standing deduction has been consistently audited and accepted by the Mines Department as part of BHP WA iron ore royalty calculations.
If the Liberals didn’t have their acute “woman problem”, Ms O’Dwyer’s jumping ship wouldn’t be such a concern. She’s been a competent minister, not an outstanding performer. She was not in “future leader” lists.
But it’s altogether another matter to have your minister for women bailing out when there has been a huge argument about the dearth of females in Coalition ranks, damaging allegations of bullying within the Liberal party, and high profile Victorian backbencher Julia Banks deserting to the crossbench.
All in all, the Liberal Party is presenting a very poor face to women voters. It was O’Dwyer herself who told colleagues last year that the Liberals were widely regarded as “homophobic, anti-women, climate-change deniers”.
Diplomatic anger and trade threats at Scott Morrison’s announcement that a shift was under consideration