Labor right to smash millionaire Lowe

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This is right:

He’s the million dollar-a-year man running the Reserve Bank that sets interest rates who is now urging workers to cop it sweet on falling real wages amid soaring inflation for the good of the nation.

Reserve Bank governor Philip Lowe, Australia’s most powerful banker enjoys a package worth $1,076,029 courtesy of taxpayers, putting him among the most highly paid bureaucrats in the nation.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.