Wealthy Australians are worried we might realise how rigged the system is in their favour | Greg Jericho

For the first time the average home price across the nation is above $1m.

For the past year the wealth of the richest 200 has increased 6.9% to $ 667.8bn well ahead of the 3.4% increase in wages.

Wealth generally grows faster than income over the past 25 years .

Wealth is very much more concentrated at the top than is income.

We tax income quite well; we barely tax wealth at all.

Those with wealth like property prices rising because that increases their wealth, and they love that the capital gains tax discount gives them a 50% tax break when they generate even more wealth.

The extremely wealthy are worried that people will realise just how rigged the system is in their favour.

And they worry it might be the start of attempts to address the growing wealth inequality in this country.