Income inequality in Australia?

Question

What are the major causes of income inequality in Australia?

How could the government reduce income inequality?

What do you think are the best ways to do this?

Do you think that the government should take steps towards more equal incomes?

Answer 1

Do your own homework!

Read the papers. Read some books. Watch news and current affairs programs. Then THINK FOR YOURSELF!

Answer 2

Inflation and bringing in overseas workers.

To reduce income equality, we should have a better tax plan taking more from the rich and less from the poor.

It can be beneficial in some way. Everyone has equal amounts of money but i dont think the government will take action but i don't want this to occur cause my dad has gambling problems but has a high income. lmao.

Answer 3

You accrue income when something you do is valuable to someone else. If the various things people do are all equally valuable, then there is income equality. In the real world, the things people do have widely disparate values. Hence incomes will not be equal. The Australian government has very little influence over what others will find valuable, and even if it did, it wouldn't be a good idea economically. You would be reducing the rewards for high value skills and increasing the rewards for low value skills. The result would be slower growth in the supply of people with high value skills. Rather the opposite of what you'd like.