Its moving people down into the bottom bracket.

Yes - people focus on the extremes, so fail to recognize this crush. The difference in wealth between the bottom of the 1 and top of the 1% is far, far greater than the bottom of the 1 and the bottom. The last decade or two have been the fastest move of wealth from poor to rich ever.

It is insanity what is happening in Australia and elsewhere and I think that there are going to be more handouts from friends and family to come - "go fund me" for things that should never need external funding for.

I am not sure if Australia can fix it through legislation - I reckon it is going to come through collapse, violence and pain - unfortunately.

In my opinion, they should be incentivizing earning on the side at all levels and in all places. But, they seem to punish hard work.