Politicians from the major parties and capitalist economists tell us that the only way out of the cost-of-living crisis is to work harder, increase productivity and grow the “economic pie”. They claim a bigger economic pie means a bigger share for everybody and a better future.

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But this is a bald-faced lie to make us work harder to make the billionaire class richer and to justify even more subsidies and tax cuts for the corporate rich.

Research by The Australia Institute (TAI) shows that between 2009 and 2019 the richest 10% of the population received 93% of the benefit of economic growth while the rest of us got to share the remaining 7%.

The rich have been getting an ever bigger slice of the economic growth since the 1960s, but figures show this has accelerated sharply over the past three decades. As a........

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