Your numbers are way way off. Have a look at this handy tool.Below is my attempt at class definitions with household income per annum.
http://www.smh.com.au/business/the-...ralians-are-out-of-touch-20150512-ggznib.html
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Your numbers are way way off. Have a look at this handy tool.Below is my attempt at class definitions with household income per annum.
Have to agree. Wage/income doesn't reflect class. Accumulated assets ie money in the bank define strata for me. And yes for some income is the only asset they hold.I think people like to imagine that using household income as a class-rating tool is effective, however, I've always avoided it as I see it as far too simplistic. When you apply it to the "real" world it definitely shows you something, however, what it shows you though sure isn't class differentiation.
Household incomes, unless you are into the rich categories is crude at best. At the least it needs to be after tax. $150k on one income is paying a s**t load more in tax then the same household with 2 earning $75k. Take the first as having 2 or 3 kids and the latter none and they'd have hundreds a week less disposal income, despite the same money in.I think people like to imagine that using household income as a class-rating tool is effective, however, I've always avoided it as I see it as far too simplistic. When you apply it to the "real" world it definitely shows you something, however, what it shows you though sure isn't class differentiation.
Household incomes, unless you are into the rich categories is crude at best. At the least it needs to be after tax. $150k on one income is paying a s**t load more in tax then the same household with 2 earning $75k. Take the first as having 2 or 3 kids and the latter none and they'd have hundreds a week less disposal income, despite the same money in.
Ditch money for Family tax benefits and allow couples to income split instead and it'd wash out close to the same.it blows me away we can have trust structures to disperse income for certain income streams but not consolidate employment income under the same basis.
sure the overall tax rate may have to increase but equitable treatment is something employees miss out on. The Labor CGT proposal would have been another kick in the nuts but fortunately avoided for the moment.
Ditch money for Family tax benefits and allow couples to income split instead and it'd wash out close to the same.
Well according to that tool, two thirds of the country is doing better than me at the moment, damn!Your numbers are way way off. Have a look at this handy tool.
http://www.smh.com.au/business/the-...ralians-are-out-of-touch-20150512-ggznib.html
Not that richFamily Trusts all the way bro.
True. What's more important is how easy it is to move from one class to another between generations (at least up). And Australia is pretty decent (not perfect) in that regard.There's a class system everywhere. Even North Korea.
There's a class system everywhere. Even North Korea.
The term bogan refers more to redneck idiots than to a social class these days I think.We absolutely have a class system in Australia.
For a while we did not, back when unions ran the political system and it was common for doctors to have mates that were mechanics. Those days are long dead.
One only needs look at the way the term 'bogan' is used in modern Australia to see the way class politics have infected our nation. Working man's paradise indeed.
The fact you jumped immediately from upper middle class to lower middle class speaks volumes.
CUBs = Cashed Up Bogans. Idiots who lucked into the mining boom and spent their money on Utes and Meth and houses too big for them.Th
The term bogan refers more to redneck idiots than to a social class these days I think.
There are plenty of financially secure bogans in this country. They vote for morons like Pauline Hanson.
There's a class system everywhere. Even North Korea.
I have no class.
I have no class.
LOL ... Australia is not a 3rd world country.
.
Poverty isn't relative. It's an objective thing and there are very few below the poverty line in Australia.LOL ... Australia is not a 3rd world country.
If a household brings in <$25k per annum then its occupants are living in 'Relative' poverty.
So the whole concept of stagnant real family incomes i the US is baloney then given both lower and middle has fallen and upper has risen considerably.
They can watch the news on their big screen tvs while they smoke $25 packets of smokes or $80gm baggies.you need to talk with people living in the under class.
To get rid of classes but still provide, if not improve, the incentive to invest and work we need to:
Replace income taxes with wealth taxes
Get rid of family trusts
Invest more in public education to the point that private education is only attractive for niche students.
Reduce fees for higher education
. Further academia provides knowledge to see risk rather than opportunity. So we would need to overhaul our education system and better integrate with industry rather than throw good money after bad at our universities.
Excellent analysis and it is now happening here in Oz.Very interesting point.
The former Mexican resident I know told me some pretty disturbing stories about that country. One thing which surprised me was that having one bachelor's degree is not enough to get you a white-collar job there. You need a master's degree or even two or three bachelor's degrees to get anywhere. To me, this sounds like an overpopulated country which hasn't created enough jobs to occupy its population. The corruption which blights these countries is probably part of the problem - but I'm no economist or geographer.
I'm philosophically opposed to this hamster wheel of 'raising the bar'. I love education, but I hate wasted time and money. First, candidates can get the position of Widget Officer without even Year 12. Later, candidates need Year 12 and a Certificate IV in Widgets. Later, candidates need a Bachelor's Degree in Widgets. Later, candidates need a Bachelor's Widget Degree and lots of extra-curricular activities, and dux grades. Later, candidates need a Master's Degree in Widgets and extra-curriculars, and ten years' experience volunteering, et cetera, et cetera, et cetera.
Because employers want the best candidates and there are so many more candidates than jobs, the bar is continually being raised to a more and more unreasonable height. Eventually, what happens? Everyone's burnt out because they're having to finish a PhD to get a job changing toilet rolls?