Thomas Walker is the CEO of Think Forward, an economics think tank run by younger Australians.
The spending and accumulation of Australia’s asset-rich owners is counteracting the belt-tightening of earners – and there’s only one way to fix it.
If you’re buying your fourth investment property, you’re a true-blue Aussie. But a student receiving rent assistance? You’re a fiscal burden.
The social contract - the idea that a job is enough to feed and house a family - has been lost.
What many wealthy Australians don’t seem to realise is that their wealth has grown with considerable taxpayer support – over $100 billion to be exact.
We’re in the middle of the largest intergenerational wealth transfer ever, and it’s beginning to tear at our nation’s social fabric.