Cobi Smith edited Equality_of_outcomes_Is_income__.md  over 8 years ago

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Why does Australia reward those at the top more than some other places? (examples shared in lecture included University of Melbourne's Vice Chancellor, Australia's Prime Minister who earns more than Barack Obama)  Why does Perth have the "greatest number a high proportion  of millionaires" millionaires  according to some measurements? What are some externalities related to economics and income in Perth? What are the societal impacts when people who are millionaires do not perceive that they are wealthy?