unemployed 23-year-old whose income will slide to be 18.3 per cent worse off as a result of the budget.
A single parent on the parenting payment with one child aged six will be 10.2 per cent worse off.
In contrast, someone earning three times the average wage will lose just 0.9 per cent of their take-home income.
A high-income childless couple earning $360,000 a year will lose nothing whatsoever.
Peter Martin The Age
Read more: http://www.smh.com.au/federal-politics/political-news/families-on-benefits-the-biggest-losers-analysis-of-budget-shows-20140518-38hz2.html#ixzz327unBxaM
"In Australia, the top 20 per cent of households control 62 per cent of the wealth, while the bottom 20 per cent have less than 1 per cent.
As in any society, economic inequality has certain inexorable social consequences for such things as rates of imprisonment, social exclusion, class envy and social anxiety. Yet, year after year, federal budgets have consistently chosen to favour the already-wealthy through such measures as tax cuts, the inherently regressive GST, and generous superannuation benefits inaccessible to the poorer members of the community."
"By such criteria, this is a profoundly disappointing budget. It’s not the economics; it’s not the politics; it’s the clear sign that this government has young people, the sick, the poor, the unemployed, the elderly and the marginalised in its sights.
It’s a budget that not only turns its back on the problem of inequality; it exacerbates it.
Hugh Mackay is an author and social researcher
Read more: http://www.theage.com.au/comment/budget-2014-is-this-the-australia-we-really-want-to-be-20140516-zrevn.html#ixzz327t8o6RK
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