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Top-earning Australians make money very differently from typical workers (www.abc.net.au)
submitted 6 months ago by to c/australia@aussie.zone
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I find it very hard not to feel angry about the unfairness, and intransigence of the wealthy in this country.

Why should I work so hard, to get so little, when these people have a leg up on everything. And I don't count myself as that bad off, in fact I'm, overall, goin pretty well.

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[+] -6 points 6 months ago (3 children)

Employees work a couple of weeks, the then get paid. Inflation doesn't affect this. It's the time period of investments (years) that means inflation is a big part of the nominal growth.

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  • [–] 7 points 6 months ago (2 children)

    Employees work a couple of weeks, the then get paid. Inflation doesn’t affect this.

    Sure, but I don't work for just a couple of weeks. My salary doesn't increase with inflation or even with the business prices which may rise with inflation - our industry union is trying to get our annual pay to adjust to CPI at minimum, and good bloody luck to us (I'm doing my part). My coworkers and I are still losing buying power with inflation.

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  • [–] -1 points 6 months ago (1 child)

    That's an argument for tax brackets to be indexed with inflation, and for your company to pay more fairly. It has nothing to do with the CGT discount.

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  • [–] 1 point 6 months ago*

    That’s an argument for tax brackets to be indexed with inflation, and for your company to pay more fairly

    True, and I'll also say that the vested shares not going to workers if they leave or are fired is terrible, companies doing that is absurd. They're effectively doing the first few years on 2/3 or 1/2 pay, in an industry where I wouldn't trust them to employ certain roles for more than a few years.

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