Friday, July 29, 2011
Rich List Prompts Questions
Reading the release of the latest "rich list" prompted me into asking a few questions in the form of a letter:
The Southland Times
If New Zealand’s rich list of those with a personal wealth of over $50 million is growing, why are most New Zealanders earning less than $28,000 a year?
Why have the rich enjoyed an 18% average growth of their wealth when most of us have seen a reduction of our disposable incomes?
How can one man have $2 billion, largely from investing in Southland dairy farms, yet the government can only find $15 million to invest in protecting our rivers from farming effluent?
Why does the government insist that the tax cuts for the wealthy are justified when many of those wealthy are expressing concern at the inequities of income and would be prepared to pay more?
If almost half of New Zealand wage earners need financial support from the government to survive on their incomes, are we not subsidising business profits and the incomes of the wealthy?
Given that 151 New Zealanders have a combined wealth of around $45 billion why is it that 100,000 of our children live in poverty?
Why is New Zealand one of the most inequitable countries in the OECD and why are many New Zealanders still shifting to Australia?
It was interesting to note that new rich lister, Phillip Mills, sees that the future is in "clean technology"!