This is what happens when you get a Labor government. They put everyone on the drip feed, not just those who need it. So instead of targeted assistance for those who need it everyone gets it.
THE richest fifth of households receive nearly half of all the wages paid in Australia but also get about 12 per cent of all government handouts, new research by the Bureau of Statistics shows.
The findings not only highlight big income disparities across the community but raise questions about the scale of “middle-class welfare” flowing to well-off families.
The richest fifth of households had nearly three-quarters of all savings.
The bureau has for the first time measured household inequality with the same data it uses to calculate key national economic indicators such as gross domestic product.
It revealed the poorest 20 per cent of households receive just 2.5 per cent of the nation’s wages and salaries in 2009-10 while the richest 20 per cent gets about 47 per cent. When income, government cash payments and social transfers in kind (such as public education and healthcare) are taken into account the poorest fifth’s share of “adjusted disposable income” was 11 per cent and the richest fifth 36 per cent.
