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Shocking amount Australia's richest people earn per hour

<p>Three of Australia's richest people — Gina Rinehart, Andrew Forrest and Harry Triguboff — have more than doubled their wealth since 2020, according to the charity Oxfam. </p> <p>A report from the charity published on Monday, found that the fortune of Australia's richest people doubled at a staggering rate of $1.5 million per hour. </p> <p>The report also found that the total wealth of the country’s billionaires increased by $120 billion in that same period, which is over 70 per cent. </p> <p>Tech tycoons Elon Musk, Mark Zuckerberg and Jeff Bezos, are among the top five richest men worldwide, with the report finding that it would take them 476 years to spend all of their wealth if they spent $1.5 million daily. </p> <p>The global wealth of billionaires grew three times faster than the inflation rate, and they are $4.9 trillion richer today than they were in 2020, despite nearly five billion people worldwide growing poorer. </p> <p>According to the Australian Council of Social Services, one in eight adults are living in poverty, earning half of the median household income which ranges from $489 a week for a single adult to $1,027 for a couple with two kids. </p> <p>The report was released to raise concern over the growing global inequality, as they urge the federal government to reduce the wealth gap by scrapping the stage three tax cuts coming into effect on July 1. </p> <p>The tax cuts will lower marginal tax rates for high-earning Australians. </p> <p>Oxfam Australia chief executive Lyn Morgain has urged governments to step up. </p> <p>“We cannot accept a society that promotes the gross accumulation of wealth alongside widespread global poverty,” she said. </p> <p>“One of the best mechanisms we have to address this is progressive taxation.</p> <p>“The shame of our woeful global response to catastrophic disasters, displacement, famine and the climate crisis cannot be attributed to a scarcity of resources, it is distribution — and that’s a problem all governments, including the Australian government, need to tackle urgently.”</p> <p>Oxfam have also called for a wealth tax on the world's millionaires and billionaires that it claims could bring in $2.7 trillion each year.</p> <p>The report also called to cap CEO pay and break up private monopolies, which have gained significant power thanks to surging stock prices. </p> <p><em>Images: Getty</em></p>

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Annual "Naughty or Nice" list shows big brands that aren't cutting it

<p><span style="font-weight: 400;">Oxfam’s annual ranking of Australian fashion brands has been released, with some of the country’s biggest brands failing to make the ‘Nice’ list for their manufacturing practices.</span></p> <p><span style="font-weight: 400;">The human rights organisation released its Christmas’Naughty or Nice’ list with the mission of ensuring all overseas factory workers are paid a living wage.</span></p> <p><span style="font-weight: 400;">“We ask brands to assure shoppers that when they buy their products they know that the women who made their clothes have been paid appropriately,” Oxfam CEO Lyn Morgain said.</span></p> <p><span style="font-weight: 400;">Companies that refused to declare where their clothes were manufactured came in at the bottom of the list, and included big name brands such as Lorna Jane, Myer, Peter Alexander, Just Jeans and Jay Jays.</span></p> <p><span style="font-weight: 400;">“When brands persist in failing to make these commitments you have to ask yourself how it is that so many brands can do this,” Ms Morgan said.</span></p> <p><span style="font-weight: 400;">She </span><a rel="noopener" href="https://7news.com.au/lifestyle/shopping/oxfams-2021-naughty-or-nice-list-lorna-jane-myer-and-the-just-group-singled-out-over-ethical-commitments-c-4694183" target="_blank"><span style="font-weight: 400;">said</span></a><span style="font-weight: 400;"> it was “particularly disappointing” to see brands like Lorna Jane fail to be transparent, which claims to empower women and create responsibly produced clothing.</span></p> <p><span style="font-weight: 400;">“This supports a culture of secrecy that is harmful to the wellbeing of all women, including those who make our clothes, and entrenches the massive power disparity between brands and garment workers.”</span></p> <p><span style="font-weight: 400;">A Lorna Jane spokesperson said the company is “focused on continuous improvement and investment in our ethical sourcing program”, including a “commitment to a living wage for all involved in the manufacture of our products”.</span></p> <p><span style="font-weight: 400;">“We take a very serious view towards our social accountabilities, ethical souring and our responsibilities under the Australian Government’s Modern Slavery Act 2018,” the spokesperson </span><a rel="noopener" href="https://www.9news.com.au/national/new-south-wales-news-australian-fashion-brands-named-and-shamed-on-annual-christmas-naughty-or-nice-list/c4375e21-1e7e-4560-aaec-2546c6275e4b" target="_blank"><span style="font-weight: 400;">said</span></a><span style="font-weight: 400;"> in a statement.</span></p> <p><img style="width: 0px; height: 0px;" src="https://oversixtydev.blob.core.windows.net/media/7845946/2021-ac-002-naughty-or-nice-list_fa-1.jpg" alt="" data-udi="umb://media/be80fcc852b74fc8af03184c240d3dd4" /></p> <p><em><span style="font-weight: 400;">Image: Oxfam</span></em></p> <p><span style="font-weight: 400;">As for the ‘nice’ list, clothing brands Dangerfield, Gorman and H&amp;M took out the top spots, followed by retailers including Best &amp; Less, Kmart, Target, Cotton On and Rivers.</span></p> <p><span style="font-weight: 400;">Others on the nice list included Bonds, City Chic, Country Road, David Jones, Forever New, Katies, Millers and Noni B.</span></p> <p>Brands such as Jeans West and Zara were found to have made some progress but just missed out on making it onto the nice list. They still have work to do to catch up to other brands.</p> <p><span style="font-weight: 400;">“What is at the heart of this issue is the garment workers - mainly women in low-income countries … aren’t paid enough to build a better future for their children, because their low wages keep them in poverty,” Ms Morgan said.</span></p> <p><span style="font-weight: 400;">“It’s time for Australian brands to acknowledge and use the power they have to ensure these women are empowered to lift themselves out of poverty through the payment of a living wage.”</span></p> <p><em><span style="font-weight: 400;">Image: Getty Images</span></em></p>

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Charitable gifts to give this festive season

<p>Christmas is the time for giving and while there’s an indescribably joy in giving to our loved ones, it’s also a time to give to those who are less fortunate. According to a survey by Oxfam almost 90 per cent of Australians either give away or sell unwanted presents so Oxfam are urging everyone to consider giving a charitable gift this Christmas. Here are some ideas to get you started but remember there are many charities around – find an issue you know your giftee is passionate about for a truly amazing gift that just keeps on giving.</p><p><strong>Fairtrade gifts</strong></p><p>Many charities have a number of gifts to purchase for the festive season. Oxfam stores (and online) sell unique handcrafted goods made by people from developing countries. Check out their website <a href="http://www.oxfamshop.org.au/christmas-range" target="_blank"><span style="text-decoration: underline;"><strong>here</strong></span></a>.&nbsp;</p><p>For the animal lover in your life, a gift from World Wildlife Fund (WWF) in exchange for a donation to support WWF’s worldwide conservation efforts is a different but unique gift. Find out more <a href="http://gifts.worldwildlife.org/gift-center/Default.aspx" target="_blank"><span style="text-decoration: underline;"><strong>here</strong></span></a>.&nbsp;</p><p>Many other charities are selling gifts this Christmas which will help them raise much needed funds for their organisations.</p><p>Alternatively, pick up some vintage treasures at your local Vinnes or Salvos stores. A trawl through the bric-and-brac will uncover some interesting finds and you know the money is going to a good cause.</p><p><strong>A life-changing gift</strong></p><p>Help those in needs by providing education, clean water and other life-changing essential by giving the gift of a goat, a bunch of carrots, a bicycle and many more.</p><p>There are many different presents to purchase from charities like Oxfam’s 'Unwrapped Gifts' section. Giving the gift of a chicken will “provides families in South Africa with an income, eggs and the ability to breed more chicken’s just makes it even better. It’s a little gift that will change a lot.” Your giftee will receive a clever card (expect some puns) detailing their gift and you’ll still have something to give come Christmas day. Find more <a href="https://unwrapped.oxfam.org.au/choose-a-gift" target="_blank"><span style="text-decoration: underline;"><strong>here</strong></span></a>.&nbsp;</p><p>UNICEF Australia also have a range of charity gifts to help children in poverty. Whether it’s the gift of polio vaccines, footballs or bicycles, it’s a little gift that will change a lot to a child in need. Check their website <a href="http://www.unicef.org.au/charity-gifts/christmas-charity-gifts.aspx" target="_blank"><span style="text-decoration: underline;"><strong>here</strong></span></a>.</p><p>For those wanting to make an impact closer to home, help out The Smith Family with one of their gifts to Aussie children. It could be sponsoring a child for one term or a school essentials pack. Head to their website <a href="http://www.thesmithfamily.com.au/shop-with-us/joyspreader%20" target="_blank"><span style="text-decoration: underline;"><strong>here</strong></span></a>.&nbsp;</p><p>Other charitable organisation such as <a href="https://caregifts.org.au/shop/" target="_blank"><span style="text-decoration: underline;"><strong>Care</strong></span></a>, <a href="https://gifts.worldvision.com.au" target="_blank"><span style="text-decoration: underline;"><strong>World Vision</strong></span></a>, <a href="http://rspcagifts.org.au/%20" target="_blank"><span style="text-decoration: underline;"><strong>RSPCA</strong> </span></a>and many others offer similar joy-spreading gifts.</p><p><strong>Wishing Tree Appeal</strong></p><p>It’s become a Christmas tradition for many Aussies to donate a gift to the less fortunate at one of Kmart’s wishing trees. Working with The Salvation Army, the Wishing Tree Appeal aims to collect more than 500,000 gifts for people in need across Australia and New Zealand in 2014. Help them make it possible so Christmas can be brighter for the thousands of Aussies who have fallen on hard times. Find where to donate <a href="http://wishingtree.kmart.com.au/about.html" target="_blank"><span style="text-decoration: underline;"><strong>here</strong></span></a>.&nbsp;</p><p><strong>Charitable cards</strong></p><p>A simple option to give this Christmas is to purchase charity Christmas cards. We all need cards to go with the presents so why not make it one you know will be going to a good cause. There are many out there supporting great charities so find one that you are passionate about.</p><p>If you can’t pop out to the store, you can order online from websites like <a href="http://www.auscard.com.au/charity.asp" target="_blank"><span style="text-decoration: underline;"><strong>Auscard</strong> </span></a>with the money from the cards supporting The McGrath Foundation, The Cancer Council and the Children’s Hospital in your state.&nbsp;</p>

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