Wealth and New Zealand

Max Rashbrooke

nov 2015 · BWB Texts Libro 34 · Bridget Williams Books

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We are heading towards Thomas Piketty’s predicted steady state of wealth being worth six times national income. We are not immune to his prognosis of a return to Victorian-style levels of inequality.

The most recent NBR Rich List has revealed the biggest proportional increase in wealth since the list first appeared in 1986. But what do these figures mean and what else do we know about New Zealand’s fortunes? Following his groundbreaking work on income inequality, Max Rashbrooke examines how wealth shapes our experience. Drawing on previously unpublished data, he explores what constitutes wealth in New Zealand – where, how and why it is held. In doing so, he addresses how wealth has come to be so unevenly distributed, and why this imbalance is something we can no longer ignore.

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Max Rashbrooke is a journalist, author and researcher based in Wellington. He has written for national newspapers and magazines in New Zealand and the UK, including the Guardian, the NBR and Metro. He has become a major commentator on the rising gap between rich and poor in New Zealand, with Inequality: A New Zealand Crisis released in 2013, and the shorter introduction to inequality, The Inequality Debate, released in 2014. He is also a research associate of the Institute for Governance and Policy Studies at Victoria University of Wellington. He has twice been the recipient of the Bruce Jesson Senior Journalism Award, and was a 2015 Winston Churchill Fellow.