Inequality in the English-Speaking World
Jun. 30th, 2016 09:08 amThe New Zealand finance minister was interviewed about inequality today...
http://www.radionz.co.nz/national/programmes/morningreport/audio/201806441/porirua-family-can-only-afford-biscuits
This is in response to a report showing that 60% of NZ's wealth is owned by 10% of the population while the bottom 40% of the population own 3% of the wealth. In the interview, he compares NZ to Australia, the UK and America. He calls them comparable countries, though doesn't say why they are. My guess would be because they have comparable taxation systems, unlike some of the countries in Europe with much higher taxation and much better standards of living for those at the bottom of the heap. (And who conveniently don't speak English.)
In the 80s the US had Reaganomics, the UK Thatcherism, NZ Rogernomics and Australia something or other similar. These were all major swings to the right in economic policy. The Brexit vote in the UK and the rise of Trump in the US can probably be blamed on the inequality those policies have given us.
http://www.radionz.co.nz/national/programmes/morningreport/audio/201806441/porirua-family-can-only-afford-biscuits
This is in response to a report showing that 60% of NZ's wealth is owned by 10% of the population while the bottom 40% of the population own 3% of the wealth. In the interview, he compares NZ to Australia, the UK and America. He calls them comparable countries, though doesn't say why they are. My guess would be because they have comparable taxation systems, unlike some of the countries in Europe with much higher taxation and much better standards of living for those at the bottom of the heap. (And who conveniently don't speak English.)
In the 80s the US had Reaganomics, the UK Thatcherism, NZ Rogernomics and Australia something or other similar. These were all major swings to the right in economic policy. The Brexit vote in the UK and the rise of Trump in the US can probably be blamed on the inequality those policies have given us.