Who are New Zealand’s real rich? The results may surprise you
Last weekend Max Rashbrooke’s latest book, Wealth and New Zealand, was released, giving a rare insight into the wealth of New Zealanders.
We don’t see this sort of information very often because of lack of data. Because we tax some forms of cash income, we have oodles of data on that. But, of course, the wealthiest Kiwis often arrange their affairs to have very little taxable income so there’s a paucity of information on wealth. That’s a shame because it’s wealth after all, not income, that determines an individual’s material wellbeing.
Who has the wealth?
Read more at
Last weekend Max Rashbrooke’s latest book, Wealth and New Zealand, was released, giving a rare insight into the wealth of New Zealanders.
We don’t see this sort of information very often because of lack of data. Because we tax some forms of cash income, we have oodles of data on that. But, of course, the wealthiest Kiwis often arrange their affairs to have very little taxable income so there’s a paucity of information on wealth. That’s a shame because it’s wealth after all, not income, that determines an individual’s material wellbeing.
Who has the wealth?
Read more at
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