Dr Richard Denniss

@richarddenniss.bsky.social

Co-CEO at The Australia Institute Economist, Author of books and writer of columns often for Saturday Paper, The Monthly & The New Daily (previously The Guardian, Australian Financial Review)

4/ As @richarddenniss.bsky.social (@australiainstitute.org.au) likes to say, "Democracies thrive on high expectations". Do NOT settle for the mere appearance of action We can easily afford AND deserve the promised commitment & serious investment in our life-sustaining, life-enriching environment

Australia’s ‘green Wall Street’ is failing to launch. Threatened species deserve better than the nature repair market | Euan Ritchie and Yung En Chee

One must ask why Labor is so comfortable continuing to ignore the wishes of the vast majority of voters

theguardian.com

There is going to be a LOT of bullshit about trusts. So let's keep our eye on the ball. Bugger all people use them. But millionaires do and they get a LOT of income through them And they do that because they can avoid paying tax.

Chart showing percent of people who use trusts by total income range:

Total income or loss range	Percent with trusts
$1 - $50,000	10.7%
$50,000 - $100,000	10.4%
$100,000 - $150,000	16.5%
$150,000 - $250,000	26.7%
$250,000 - $500,000	34%
$500,000 - $1m	45.8%
$1m+	56.4%

Chart showing average income from trusts by total income range:

Total income or loss range	Average trust income
$1 - $50,000	$9,822
$50,000 - $100,000	$19,598
$100,000 - $150,000	$30,687
$150,000 - $250,000	$57,094
$250,000 - $500,000	$97,473
$500,000 - $1m	$248,530
$1m+	$1,125,429