by Marty G from The Standard November 5, 2009 Most of the wealth in New Zealand is owned by a tiny fraction of the people because our political/economic system makes it that way. 10% of people have more income than 50% combined.
That’s just income. The inequality of wealth distribution is far greater. The net wealth of 10% of people is 20 times the wealth of 50% of us combined. In fact, the wealthiest 10% have more wealth than everyone else put together.Although worth checking out is Marty G’s second post on this topic ‘The myth of upward mobility’