Article VEJG New Zealanders need to share our common wealth. Let's start by discussing inequality | Max Rashbrooke

New Zealanders need to share our common wealth. Let's start by discussing inequality | Max Rashbrooke

by
Max Rashbrooke
from on (#VEJG)

The emergence of a young, monied elite whose inherited wealth is highly visible is a new thing for New Zealand - but how do we respond?

When I went on television to launch my new book about wealth inequality in New Zealand, I didn't expect much of a backlash. The core of my book is straightforward information: new data showing that the wealthiest 10th of New Zealanders own more than half of all assets, while the poorest 50% have just 4%.

Related: Helen Clark: 'Many things blighting our world are linked to inequality'

Related: As inequality soars, the nervous super rich are already planning their escapes

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