Wealth and New Zealand

by Max Rashbrooke

We are heading towards Thomas Piketty’s predicted steady state of wealth being worth six times national income. We are not immune to his prognosis of a return to Victorian-style levels of inequality.

The most recent NBR Rich List has revealed the biggest proportional increase in wealth since the list first appeared in 1986. But what do these figures mean and what else do we know about New Zealand’s fortunes? Following his groundbreaking work on income inequality, Max Rashbrooke examines how wealth shapes our experience. Drawing on previously unpublished data, he explores what constitutes wealth in New Zealand – where, how and why it is held. In doing so, he addresses how wealth has come to be so unevenly distributed, and why this imbalance is something we can no longer ignore.

Genres: Nonfiction

120 pages, Kindle Edition

Published November 4, 2015

Reviews

[Roland Harrison · Rating 4 out of 5]

Very useful New Zealand context on the transfer of wealth and power for ordinary people to the elite that has happened in my lifetime. Interesting graphs. I will revisit the proposed policy responses from time to time.