- Date published:
10:50 am, July 31st, 2015 - 98 comments
Categories: capital gains, class war, Economy, health and safety, unemployment, wages - Tags: nbr, parasites, rich list, trickle down
The National Business Review has released its annual list of the richest New Zealanders. These are the people National and their franchises govern for; the one percent who will continue to benefit from growing inequality, who are in the queue to make more millions from the surrendering of our sovereignty under the TPP and who regard health and safety as a risk to their ongoing ability to exploit the disposable lives of the majority of Kiwis.
The flea market economy has let us down. Researcher Max Rashbrooke says
“Household debt is much much higher than it was 10 or 20 years ago and, than conversely, you’ve got this really significant increase in wealth at the top so it does look like we’re in a bit more of a trickle up than a trickle down situation.”
Trickle up. Yep.
The NBR reckons the economy is working well for the wealthy. How’s it working for you?
THE TOP TEN
1) Graeme Hart – $9 billion
2) Richard Chandler – $4 billion
3) Todd family – $3.16 billion
4) Erceg family – $1.6 billion
5) Michael Friedlander – $1.4 billion
6) Christopher Chandler – $1.3 billion
7) Goodman family – $1.2 billion
8) Stephen Jennings – $980 million
9) Douglas Myers – $930 million
10) Michael Fay – $870 million
=10) David Richwhite – $870 million
“We must devastate the avenues where the wealthy live”
More detail, please.
” Let every dirty, lousy tramp arm himself with a revolver or a knife, and lay in wait on the steps of the palaces of the rich and stab or shoot the owners as they come out. Let us kill them without mercy, and let it be a war of extermination.”
…. Lucy Parsons, Chicago Tribune
there’s plenty more if you like those ?
Press on if you like, but I need to tell you that I’m kind of against murdering people.
there just quotes buddy , dont get carried away !
They’re not people: they’re rich.
could it be construed as self defense ?
Considering that poverty does induce early death and poverty is a direct result of the rich then I don’t see why not.
Why do you feel the need to post quotes that advocate violence and murder ?
its what i believe its going to take inevitably to protect the world from predation by the greedy/psychopathic elites who are performing some EXTREME acts of violence on us
even the very environment we live in & the air and water we need to survive is being trashed for the sake of profit/rapacious greed
you dont consider that violence ?
Well in my opinion you’re either a nutty key board warrior who is having a laugh, or if you actually believe that in need of some help.
Violence and anarchy begets little else apart from violence and anarchy.
Sadly , that is the most likely outcome humanity is heading towards.
The police will be armed with tasers…
1. Because they anticipate the country is going to become a more dangerous and violent place
2. Because they anticipate the country is going to become a more peaceful and less violent place
Horse, cart, chicken egg
Standing back and hoping those on the levers of power are going to pull back and alter the course, is the stuff of fantasy..
Peaceful options were removed a long time back, and people went to war because they thought it would bring peace.
A million people peacefully marched in London against a future Iraq war more than 10 years ago.
What was the outcome of that expression of peace ?
Why can you not accept the expression of reality here of violence that happens every day around the world and is used eagerly as a dramatic point of reference in our major news outlets? Aggression registers blatantly, but the passive aggression that is rife slips by, from the trolls here for instance.
And yet, here you were, four days ago deploring the level of violence in New Zealand:
You’re quite confused, aren’t you Ann01701.
Always loved this cartoon shown last year on a few sites
+1000 TRP good on you.
Great to see that #1 is a former Tow Truck driver & Panel Beater. Go’s to show you what working hard for yourself can achieve. Well done Graeme.
Nope. It shows what other people working hard can achieve for yourself. I have no doubt that at some point most of the richlisters have done some manual labour, uni term breaks at the freezing works being the classic kiwi example, but it’s what they do as capitalists that makes them parasites.
” it’s what they do as capitalists that makes them parasites.” Do you mean things like build companies that hire people and contribute to the tax take for the govt to redistribute ? Or, do you mean things like taking risks with capital to try and grow enterprises ? Or things like the philanthropy that their wealth allows them to undertake ? Grapes….sour…..much ?
They don’t build their companies, OM, their employees build their companies. There is a clear point in the development of any growing business where the owner’s own contribution is overtaken by that of the employees.
So riddle me this TRP, where would the thousands of people that rich lister companies employ be if these ‘rich pricks’ hadn’t built their empires?
Still working, Alan. If all the owners disappeared, nothing would change in the day to day operation of the businesses. For example, no CHH worker knows where the owner’s yacht is parked at present, but the work continues regardless.
They would be more financially secure and have some ownership/shareholding of the business they work in. Take the Warehouse for example, if that didn’t exist many more kiwis would be employed in local businesses with higher incomes.
Really? tell me how you have reached that conclusion.
It’s pretty obvious isn’t it, my local town centre was thriving before the Warehouse came in, more local businesses stocking more locally made produce, providing more employment than a superstore does, it’s been downhill since. Profits are distributed through small business owners rather than being filtered up to the top of a corporate.
The Warehouse succeeded because NZ consumers chose to purchase goods at the lower prices it offered, rather than deliberately pay more to keep local businesses running.
Do you think those consumers would be happy If you removed the Warehouse / Briscoes / Countdown low cost outlets, and forced them to pay more for goods from local producers and retailers?
House sellers win when they sell at high prices to overseas investors, but the market that works for one doesn’t work for all. There are cul de sacs down which money is enticed, hit on the head and kidnapped to gang headquarters. Everyone else can smile, sheeps will be dumbfounded.
The choice was oft forced upon them through lower wages. When your wages dropped the “choice” to buy better quality or New Zealand made was taken away from you.
You can easily see this by the lack of rich-listers shopping at the warehouse.
They are the ones who have the “choice” to shop elsewhere.
Much of that choice made possible by the low wages and high rents that exist today.
As someone who has a decent income, although not rich by any quantitative measure, I know how fortunate I am to be able to choose where I shop.
So yeah I make choices to shop at the dairy around the corner, although it costs me more, cause that dairy is sustaining a family, that when the recession hit I made another choice to do some renovations earlier than intended to keep some local electricians and builders with some work, that I can choose to give stuff I no longer need away rather than sell them on Trade Me, etc.
It’s privilege to make those choices not a freedom and each day in this country less and less people get to enjoy the privilege of choice – certainly in the way you intend it to mean.
Nice prose, but it didn’t answer my question.
Low priced goods made possible because of cheap third world raw materials and labour, and the purchasing power and efficiency of large corporations, are seen as a benefit by the majority of NZ consumers, and so they choose to put their money down those avenues.
Removing their choice to purchase those goods would be seen as an active decrease in quality of life by most of them.
How do you think they would react to such a proposal?
Less than wealthy People used to buy goods from local businesses before the warehouse came along.
When it did come along they chose to purchase there instead of where they used to buy. They understood very clearly that the goods were made in China and other places where wages were very low and that’s why the goods were cheap.
They knew perfectly well that taking their business away from the corner shop was going to kill the local business that was owned by the people that lived in their street.
But they saw it as a benefit to themselves to do so, and so they did.
It’s an uncomfortable paradox for those of you who believe in the innate solidarity of the proletariat isn’t it?
Removing their choice to purchase those goods would be seen as an active decrease in quality of life by most of them.
How do you think they would react to such a proposal?
Yet their choice to buy better quality goods has been undermined completely by lower wages, increased rent, fewer jobs, lower benefit rates, less security of housing, higher power prices and so on.
How do you think they react to an ever greater proportion of their income going in rent with the growth in rent outstripping any income increases they receive – particularly the most vulnerable.
Yeah I know it’s their choice to have predatory landlords put their rents up isn’t it.
There was some work done a few years ago on why poor people got their milk and bread from petrol stations where the price was higher.
When you’ve only got $20-00 left to spend on food after you’ve paid the bills it was just too depressing for most to travel to the supermarket and see people with trolleys full of groceries.
I get that as a perfectly understandable way of coping with their lack of money – you’d say they are making bad choices.
That is part of the fundamental economic theory bull-shit about choice that the right spout. The notion that such choice operates in a vacuum aside of actual real human behaviour.
The Warehouse may be successful and a lot of people may prefer shopping there. But it doesn’t change the fact that these superstores destroy local employment and lessen incomes, and I would argue that few consumers would be concious of that. Look at America, half their population is on some kind of state welfare and manufacturing has mostly been redistributed to China. Now it’s China with the manufacturing base, ample jobs and consumer income and spending to drive their economy.
Regardless of whether your allegations of less purchasing power are true or not Ssss, exactly the same reality applies.
Very few NZ’ers are going to pay more for goods than they need to in order to benefit the ‘greater good’.
Such Altruism is no more common among ‘workers’ than it is among the ‘wealthy’.
So if you or anyone else think that forcing NZ’ers to buy locally at higher prices is going to be such a great idea, why don’t you ask Labour or the Greens to promote that policy?
Hint. They will not.
You’re being deliberately disingenuous now.
You’re well aware that for the poor in our society they have less and less money to spend and less job security and less housing security and a greater proportion of their incomes go towards lining the pockets of landlords.
Those aren’t allegations they are facts.
The choice you refer to is an illusion and a right wing method of working class condemnation. They cannot choose to shop at Kirkcaldie & Stains because they have insufficient income to do so.
I can absolutely guarantee that if you lifted the poor’s incomes on a consistent basis they would shop in different places and for better quality.
People who work in a decent paying job buy better quality food and clothes and better cars. Their spending habits change.
Why do you think clothing trucks and security scare firms and vacuum cleaner salesmen target poor areas and not well off areas?
The Warehouse does contribute by being part of the Sustainable business network.
Harts big break when he “stole” what was Government Print. The conditions were so favourable that he paid the government out of money made AFTER he took over the business.
Its the russian oligarch model
If you ever get a chance to check out Graemes ink, you should. It tells a very interesting story, which he keeps well covered these days.
I had the opportunity to work with him & his wife in the early 90’s on one of his projects, they are a bloody nice couple, very down to earth and very much not deserving the parasite title you seem to want to bestow upon them.
“very down to earth”
So what, he brought a boat. It’s not like the Harts don’t do anything for charity either.
Or are you just miffed he didn’t buy NZ made ?
Check your link. That’s not an article about Graeme Hart. And, btw, it’s boats, plural.
Gretchen is Graemes daughter, read the article – you will see that he & Robyn attend a lot of the events she does for Starship. But lets not get in the way of the story… right ?
I dead read the article. It’s about an Auckland woman. Doesn’t say anything about Graeme Hart doing diddly for charity, as you claimed. Don’t waste my time, you won’t like the result.
We put up with your blog posts…
And it’s been proven that the poor give more, as a percentage of income, to charity than the rich.
Of course, if we didn’t have the parasitic rich we wouldn’t need charities at all.
It has also been proven that the poor spend more, as a percentage of income, on cigarettes, alcohol, and the lottery…
A poor wage -10% of $500 is $50,a generous salary=3% of $3000 is $90.If in each case that was the sum spent on alcohol…what has been proven?
Actually, people spend about the same percentage of their income regardless of income.
Yeah, you’re just another RWNJ talking out their arse.
Somehow those other 2-3 million hard-working kiwis just didn’t quite make the cut to become millionaires/billionaires eh.
Some people have the drive to become rich and some people don’t
Some people work two jobs, well over 40+ hour weeks just to bring up a family and are probably doing more hours than the rich.
Yep need an inheritance tax so that lazy people don’t receive riches without working
& a mansion tax IMO maybe 2-3% of the value on homes above a certain size/value per annum
& possibly a luxury tax on ferraris , yachts (above a certain size) ETC
Isn’t that what GST and FBT are for to some extent ?
possibly increase the GST on “luxury” items
and drop it on un-prepared/processed fresh foods (fruit ,veg,meats etc)
Yes the Andersons Bay Peninsula Branch of the Labour Party suggested something similar.
IMO removing all GST except for a 30% GST applying to each dollar of an item over $250, would be appropriate.
If everyone can be self-made than the inheritance tax should be 100%. No need for inheritance at all.
NEWS FLASH FOR PUCKISH ROGUE
SOME PEOPLE DO NOT WANT TO BE RICH
Many just want a fair day’s pay for a fair day’s work with time to enjoy their community, their family and their friends
Hows it with PR? You seem to have lots of time to put your oar in here all the time, usually negatively.
No, some people have the psychopathy to screw over as many people as they can to enrich themselves whereas most people don’t.
If you could stop tugging your forelock for a moment Kiev and read a bit further in Hart’s Wikipedia entry you’d see that he hardly came from humble beginnings. His father was a radiographer; Hart Jnr went to Mt Roskill Grammar School and, although he allegedly dropped out at 16 and worked as a tow truck driver / panel beater, he managed to go on to do an MBA at Otago University where he apparently outlined his business strategy of growing a company by means of ‘leveraged buyouts’.
Like many in the course of the monetarist revolution, Hart got his first big break by buying state assets at less than capital value. In other words he wasn’t so much given a leg up as a load of politicians and bureaucrats lay themselves down in a heap for him to clamber up on.
yes and dont forget to thank Prebble and co the long suffering NZ taxpayer fot gifting him the Govt Printing Office !
I’m surprised it took this long for the jealousy to rear its ugly head
[There’s no jealousy involved. There is no reference in the post to wanting to have the lifestyle of the rich. Rather, the post talks about growing inequality. Take a week off for trolling. TRP]
And I’m surprised that it took you 40 minutes to raise the ‘envy/jealousy’ catch cry, PR.
Who’d want to be rich when all the day long all you can do is ‘biddy biddy bum?”
“If I were a rich man,
Ya ba dibba dibba dibba dibba dibba dibba dum.
All day long I’d biddy biddy bum.
If I were a wealthy man.” Tevye in “Fiddler on the Roof.”
I like the bit where he would have a mansion with one long staircase going up, and one even longer going down.
Tevye realised that both he and the rich man had one great lack in their lives. The difference is that Tevye realised it, but the rich man did not.
“If I were rich, I’d have the time that I lack
To sit in the synagogue and pray.
And maybe have a seat by the Eastern wall.
And I’d discuss the holy books with the learned men, several hours every day.
That would be the sweetest thing of all.”
Tevye understood that poverty for a Jewish father meant he could not pay full attention to his religion, something that the rich man in his spiritual poverty never understood.
A bit of relevance on the ‘envy’ front from a few weeks ago… http://www.theguardian.com/commentisfree/2015/jul/07/humanity-chancellor-emergency-budget-george-osborne-austerity
Yep. The whole “Keeping up with the Joneses” peer pressure is a very upper middle class one.
Nothing is more true than this proverb;
Money begets money.
The more money you make, the easier it becomes to make still more.
Meanwhile as the parasites at the top accumulate even great wealth, down the bottom the working poor on subsistence wages are deliberately kept that way. After all sharing is caring and the 1% don’t, preferring to keep the loot in their exclusive club.
can’t buy a soul though, and that’s what will plague them later in life, no matter how much wealth they have accumulated.
I wouldn’t be too upset. Wealth seldom lasts more than three generations.
Well not true really and we also should not forget that genetics plays a part as well.
In general the more unequal the society the less social mobility there is.
What tends to happen is that the individual successes are held up as examples that it can be done precisely because it is uncommon.
Things you’ll never hear a richlister say ;
How much more can I pay my workers
How do I restructure to increase employee numbers.
2008 John Key’s estimated wealth on the NBR rich list was $50 million
2009 -$55 million
2010 – $55 million
2011 – $55 million
2012 – $50 million
2013 – $55 million
2014 – $55 million
2015 John Key’s estimated wealth on the NBR rich list was $55 million
Yeah that list looks legit, as Key himself said ” I think they interview their own typewriter when they put that list together.”
No wonder Keys wealth is not growing….he keeps giving his salary away to charity ?
Read a comment on a MSM site the other day where the person stated John Key gives ALL his salary to charity 🙂
(naturally, the moderator let it through without adding any editorial comment )
if the 50 mil has not doubled by the time he leaves office…I will go…..he or is that hee.
I reckon there will be a “1” involved, but just not sure if it will be afore or after the staid “55”
If one could dam the envy shown by some of the previous comments, the Hoover Dam would look insignificant.
[I’ve already banned someone for trolling on the ‘envy’ line. Unless you can swiftly point to previous comments that indicate envy, you’re joining them. TRP]
Ahhhhh, the dear old Todd family.
Those of us who went to state schools in the Porirua area during either the 60s, 70s or 80s were supposed to be educated just enough to work as obedient drones in the huge local Todd Motors factory. Some of us just managed to escape the fate by our fingertips.
I can guess how they managed to keep their fortune. About 15 years ago, a friend of mine spent a number of nights baby-sitting the IHC child of one of the key members of the Todd family. What did she receive from this Mega-Wealthy family for her labours ? …….a cabbage – a scrawny old cabbage that had clearly gone well past its Use-By date.
You gotta laugh.
dont give a man ,money,he will just spend it,give him a cabbage and teach him to make …soup.
You’re romping along. today.
Here I was thinking the car industry was good for New Zealand workers and their families because at least to some degree we were producing what we consumed and the wages, taxes and profits circulated around our economy creating flow on spending, thus causing more locally domiciled supply and demand paradigms.
Contrast that with now, where everything we purchase comes from offshore and offshore is where the profits. wages and taxes generated from production go too.
TRP, Your headline “Parasite Drive” and referring to the PM’s residential address sounds pretty envious to me!
I’m going to be charitable, because you appear to be new around here.
1) Key’s main NZ holiday home is in Parnell, not Orakei.
2) As far as I can tell, nobody mentioned Hawaii John till you did.
3) Paritai Drive has been known as Parasite Drive for a very long time, certainly well before Key became PM and All Black captain.
Envy requires that you want what someone else has. That is clearly not the case here, where we actually just want things to be fairly distributed in society, rather than concentrated in a few individuals. By definition that means that we must not be seeking to have the same concentrated wealth.
I thought he meant parasitic in terms of business owners not paying a living wage to people thus being able to live a lavish lifestyle at their own workers expense. That’s how the ‘haves’ and ‘have nots’ occurs across society. You haven’t figured that out yet?
I ran a half marathon where the route went through Paratai Drive area. Good route to make sure your pace doesn’t slack off toward the end. Because that place… it’s strange, man. Clean. Tidy. Quiet. Reeeal creepy. Nothing visually wrong, but bad vibe. You wouldn’t want to walk it. On the other hand, I’ve wandered around the greater Porirua area where, theoretically, someone like me is at greater personal risk, but I felt entirely “safe”.
It’s an inhuman atmosphere, almost anti-social or dare I say it, sociopathic.
apparently a number of the rich list have increased their wealth by having lots of shares in retirement home providers…..Rymans, Oceania,etc……..the workers in those places are amongst the most poorly paid in the country….they are the working poor …these rich listers life styles are based on exploitation…….I do not envy them,I do not want to be them and I hate their philanthropy,poverty doesn’t need charity,it needs justice….bugger them
case and point: Summerset Group
If (as was pointed out last year) this company had given their roughly 550 staff members, who are predominantly minimum wage staff, an immediate $3 an hour pay raise they would still have earned over fifty million in clear after tax profit.
if that is not simple greed, then I guess greed does not exist.
It’s working for me great. Only the dumb or unlucky end up on the rich list. You definately want to stay off that list or else you can’t get anything past the IRD.
More like a flood.
Cheery fellow, Talley.
Well, you wont see me bowing down to them, that is for sure.