The one key graph on NZ's widened income gaps, last 30 years (updated with last month's new data). Source: MSD/WTID http://t.co/wWpSIhrM2K—
Max Rashbrooke (@MaxRashbrooke) September 10, 2015Inequality/poverty surges past 'the economy' and unemployment as NZ's number 1 issue. From Roy Morgan data http://t.co/uR05SjOzMl—
Max Rashbrooke (@MaxRashbrooke) June 03, 2014
New work by Chris Ball and John Creedy shows substantial *declines* in NZ inequality.
initiativeblog.com/2015/06/24/ine…http://t.co/f94fw4Bhae—
Eric Crampton (@EricCrampton) June 24, 2015
The top 1% in New Zealand really have been dropping the class war ball for at least a generation.
Source: The World Top Incomes Database.
Not only have the New Zealand top 1% been pretty miserable at increasing their share of incomes, hardly any change since 1990 and not much before that, the top 1% allowed inequality in both consumption and disposable income to actually fall since 1990 as shown by Treasury analysis published today.
Joan Robinson was on to this in the 1940s when she said the battle cry of Marxists would have to change from the 1848 version “rise up ye workers, rise up for you have nothing to lose but your chains” to “rise up ye workers, rise up for you have nothing…
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Utopia, you are standing in it! 
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