The Rich Get Richer and the Poor get EVEN RICHER!

Shout it from the rooftops.

The rich are getting richer in Australia – but the poor are getting richer quicker!

According to this report, average income in the bottom 20 per cent of earners rose 18.5 per cent from 1997 to 2004, compared with a rise of 17.5 per cent for median income families.

So what does this mean? Simply that globalisation, outsourcing, free trade, labour market flexibility, tax reform, competition policy and all of the multiple developments in the Australian and international economy ARE RELATIVELY BETTER FOR THE POOREST PEOPLE IN THE ECONOMY!

So why is it that socialists whinge and moan about the “injustices of globalisation” and “fair trade not free trade”? Because they have no understanding of the realities of economics.  Only the hype of capitalism-hate.

What a fantastic result. To freedom!

Constantine Frantzeskos

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