Peter Dutton and the Liberal-National Coalition Seize the Opportunity Amid Labor's Failures
It's a crazy thought, but Labor has let us down.
Which is why there's a crazy chance that Anthony Albanese 's Labor will probably lose to PETER DUTTON... and that's saying a lot about the current Australian Labor Party .
Recent data highlights a troubling trend in Australia: the wealth gap is widening and the cost-of-living crisis is deepening.
"Nearly half (45%) of the increase in household wealth since 2003 went to the highest 10% (those with at least $2.6 million) and half of this increase to wealthy older people (over 64 years)." - Australian Council of Social Service
To be fair, the average "wealth" of the lowest 60% has also risen, but I doubt many are getting ahead because of the cost of living and the fact that they need to pay the owners of the assets (like rent, etc.). While the average wealth of the highest 10% rose from $928,000 to $2 million (an increase of 126%) since 2003, probably because the own the assets and have less bills to pay...
But anyways, the recent Guardian Essential poll that you would assume would favour Labor more actually revealed that Australians are ready for bold policy interventions to address these challenges, and are sick of the status quo (Labor and Liberal parties).
Price caps on essentials like rent, groceries, and energy bills garnered 70% support across the political spectrum. Additionally, half of the electorate favours reducing tax breaks such as negative gearing for property investors.
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So despite these clear public sentiments, Prime Minister Anthony Albanese's administration has struggled to meet the expectations of voters who hoped for a departure from the status quo.
And in my opinion, the current government has been punished for not taking substantial actions to alleviate financial strain, leading to increased dissatisfaction among Australians facing financial hardship.
Because the growing wealth inequality and escalating living costs are not just economic issues; they are eroding the social fabric of the nation.
And many Australians are calling for decisive leadership and innovative solutions to bridge the wealth divide and ensure a fairer, more equitable society.