NATSEM: federal budget will widen gap between rich and poor

Description

The Morrison government’s pre-election budget has not been the bonanza some predicted. It is a fairly modest affair.

But calculations by the the National Centre for Social and Economic Modelling, based at the University of Canberra, show the budget will widen the gap between rich and poor. This is because changes to the tax and welfare system most benefit those paying tax. Those who don’t earn enough income to pay tax benefit least.

https://theconversation.com/natsem-federal-budget-will-widen-gap-between-rich-and-poor-114728

Subject

Economics; Human Geography; Poverty