‘Slicing through the myth’
NZPA-Reuter Sydney The richest 2000 Australians own as much as the poorest 2,250,000, according to “Australia Ripped Oh” a booklet published by’ the Amalgamated Metal Workers and Shipwrights’ Union. The union, Australia’s biggest, has printed 250,000 of the 60-page, cartoon-studded booklets, to “slice through fondly cherished myths," It focuses on the distribution of wealth, income, and power, and concludes that Australia is a not-so-lucky country'. The wealthiest 1 per cent of Australians own 22 per cent of Australia’s total wealth, while the top 5 per cent own 46 per cent, the booklet says. Yet 50 per cent of Australians own less than 8 per cent of the total wealth.
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Press, 12 April 1979, Page 20
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113‘Slicing through the myth’ Press, 12 April 1979, Page 20
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