Inequality, Tax and Welfare
Free Public Lecture
Professor Miranda Stewart, Professor Roger Wilkins and Dr Troy Henderson will examine the evidence and consider our current tax and welfare policy settings.
Australia’s progressive income tax has been very effective in raising revenue and enabling redistribution over the last century. But it may not tax capital income and savings enough and avoids taxing wealth or inheritance.
Alongside this, our social security system is highly targeted, but tight income tests and conditions mean many low income people slip through the net. Only half of families with children receive financial support, a steep decline since the 1980s. Could more universal benefits, or even a universal basic income, be a better way to go?
Is income and wealth inequality on the rise in Australia, and, if so, is this a problem? Certainly, our progressive taxation system and our social security and transfer systems have achieved a significant reduction in inequality of disposable income for Australian households. But if inequality is rising is it time for a re-think? Can we do better?
This lecture is part of the 'Talking About Economic Inequality' Lecture Series run by the Melbourne School of Government.
Mr Troy Henderson, Economist, Centre for Future Work
Mr Troy Henderson
Economist, Centre for Future Work
Troy Henderson is an economist with an interest in the future of work and in Basic Income as a policy option for Australia.
Professor Roger Wilkins, Professor at the Melbourne Institute of Applied Economic and Social Research
Professor Roger Wilkins
Professor at the Melbourne Institute of Applied Economic and Social Research
Roger Wilkins is Professor at the Melbourne Institute of Applied Economic and Social Research and a leading authority on inequality data in Australia.
Professor Miranda Stewart, Melbourne Law School
Professor Miranda Stewart
Melbourne Law School
Professor Miranda Stewart will Chair the event. She is a Professor at Melbourne Law School in the Tax Group and a Fellow at the Tax and Transfer Policy Institute, Australian National University, where she was director from 2014 to 2017. Miranda is Australian representative on the Permanent Scientific Committee of IFA and deputy president of the Asia Pacific committee. She previously worked in the ATO and in private practice.