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Monday, May 30, 2005

Major charity says wealth gap growing

TONY EASTLEY: A major charity is challenging the Federal Government's claims that households enjoying the strongest growth in earnings in the past eight years have been those at the bottom end of the income ladder.

The St Vincent de Paul Society says on the contrary, the gap between Australia's rich and poor is growing – a situation that will be exacerbated by tax cuts in the Budget. The view is contrary to that provided by the National Centre for Social and Economic Modelling, on which the Prime Minister has based his claims.

But the charity's Terry McCarthy, speaking here to reporter Liz Foschia, says the NATSEM figures are a mathematical illusion.


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