"Trickle Down" doesn't work!
This is wonderful news for those who are keen on improving the lot of the poorest people in our society. However, even the above seems to be an issue for some. Even when they're confronted with a situation where the poor's income is rising, that fact is negated because the rich's income is rising faster. My question to them is WHO CARES? This is an ethical no-brainer. Forget the rich. What these figures suggest is that the poor are earning more. They're more able to send their kids to good schools. They're able to build better houses. They're able buy better food and clothes. In sum, they are able to live better lives.
If the rich households saw their incomes rising and the poor saw theirs falling, then yes, I would agree that such a scenario is very bad indeed. However, such a phenomenon seems to be a hallmark of socialist political systems with their elite administrative class, rather than our largely free market society where the wealth produced at the top is shared, nay, trickles down, to the less advantaged members of the community.
*The paper is actually a response to the charity, St Vincent de Paul, and its rebuttal of Peter's original piece, which was itself a rejoinder to a rather hysterical publication by the above charity regarding "The Reality of Income Inequality in Australia".