Written By: - Date published: 9:59 am, October 13th, 2015 - 9 comments
Categories: articles, equality, im/migration, poverty - Tags: briefing papers, inequality, Max Rashbrooke, poverty, refugees, wealth
A while back I linked to AUT’s Briefing Papers. They have been busy lately – check out:
The Global Refugee Crisis by Love Chile
Refugee Policy Holds A Mirror Up To Ourselves by Tracey Barnett
Advancing Refugee Protection In The Asia-Pacific Region – A Role For New Zealand? by Carsten Bockemuehl
Just to give a flavour here’s an extract from Wealth Inequality: Who Owns How Much?:
What the 2004 Sofie data showed is that the wealthiest one per cent of individuals – just 34,000 people at the time of the survey – had 16 per cent of all the country’s assets. The wealthiest tenth of individuals (including that wealthiest one per cent) had 52 per cent of all assets. In contrast, the poorest half of the country had just five per cent of all wealth. Some 190,000 people had negative net worth (more debts than assets), owing $4.7 billion between them. These wealth inequality figures have been most strikingly represented in the ‘Wealth-Gap Tower’ by cartoonist Toby Morris, which visualises them using a ten-storey building as a metaphor. Looking at international comparisons, the New Zealand data is roughly the same as for other developed countries – in most places the wealthiest ten percent has half or more of all assets.
How long can wealth keep sucking up (opposite of trickle down) before a society breaks down completely?