How our tax system doesn't hurt the ultra-rich

By Michael Pascoe
Updated May 29 2017 - 7:13pm, first published 7:01pm
AFR, GENERIC, MONEY
US dollar sign
Money clip in the shape of a  US dollar symbol with one hundred dollar notes  --- one hundred dollars, cash, income, wealth, wages, currency, Reserve Bank of Australia, RBA, legal tender  Sunday 27th October 2002
photo Louie Douvis / ldz
***AFR FIRST USE ONLY***
***afrphotos.com***
AFR, GENERIC, MONEY US dollar sign Money clip in the shape of a US dollar symbol with one hundred dollar notes --- one hundred dollars, cash, income, wealth, wages, currency, Reserve Bank of Australia, RBA, legal tender Sunday 27th October 2002 photo Louie Douvis / ldz ***AFR FIRST USE ONLY*** ***afrphotos.com***

There's something just a little obscene about the juxtaposition of the 2017 Rich List with claims that our "wealth creators" are burdened by a progressive tax system, never mind alleged concern over the common herd's shrinking real wages.

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