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  # 1045064 14-May-2014 19:13
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be nice to get back on topic instead of argueing about the political compass or stating our political beliefs.




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  # 1045065 14-May-2014 19:14
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Geektastic:
SaltyNZ:
KiwiNZ: 

There is also the other aspect the higher up the chain the greater risk exposure.


In absolute terms, yes. Proportionately, no. If I only have $20, and you take $5, I'm 25% down. If I have $100 billion, and I lose a billion, well... I don't about you but I'd be happy to be sitting on $99 billion.


That depends. If I lost it due to changes in asset valuation, fair enough.

If it was taken as tax to fund the poor, then no, not happy.


I suspect you might think otherwise if those unfunded poor were pushing over your razor-tipped steel fence and coming to take your stuff, if not you too. Look, I don't like paying taxes any more than anybody else, but 'trickle-down economics' is prima facie BS. 




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  # 1045070 14-May-2014 19:27
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jeffnz: be nice to get back on topic instead of argueing about the political compass or stating our political beliefs.


I think ones political leanings are relevant in this thread




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  # 1045072 14-May-2014 19:29
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jeffnz: be nice to get back on topic instead of argueing about the political compass or stating our political beliefs.


Fair enough: no. They're socialists insofar as they're anything simplistic enough to fit a label. More importantly, though, the hardcore nutjobs have left and those that remain are now putting policies that are far more reasonable. They also happen to have the most technology-savvy member in the current parliament, but that has nothing to do with being a communist or not.




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  # 1045074 14-May-2014 19:31
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KiwiNZ:
jeffnz: be nice to get back on topic instead of argueing about the political compass or stating our political beliefs.


I think ones political leanings are relevant in this thread


I'm about as left, and a little more down than ajobbins, it seems.




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  # 1045080 14-May-2014 19:37
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jeffnz: be nice to get back on topic instead of argueing about the political compass or stating our political beliefs.

Since the OP pretty much stated a political belief in the form of a question it seems this was destined to go off topic from every direction.

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  # 1045090 14-May-2014 19:59
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SaltyNZ:
KiwiNZ:
jeffnz: be nice to get back on topic instead of argueing about the political compass or stating our political beliefs.


I think ones political leanings are relevant in this thread


I'm about as left, and a little more down than ajobbins, it seems.


Both you and ajobbins must dispair at the state of Australian politics then. The Australian Labor Party is almost certainly to upper right of the NZ National party, and things pretty much only go further upper right from them!

 
 
 
 


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  # 1045091 14-May-2014 20:02
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It would be really interesting to know what proportion of national wealth is controlled by the top 1% in NZ.

When people talk about the 'rich getting richer' they really need to clarify who they consider to be rich. I personally don't know anyone who I would consider to be rich, or even well off. I earn enough money to pay the bills and have a few simple luxuries like owning a car and occasional travel, and most people I know are either in the same position or struggling. It seems to me that NZ has a general standard of living problem rather than a distribution of wealth problem.

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  # 1045146 14-May-2014 21:56
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wongtop: Both you and ajobbins must dispair at the state of Australian politics then. The Australian Labor Party is almost certainly to upper right of the NZ National party, and things pretty much only go further upper right from them!


I live in Melbourne. And yes I do. Tony Abbott is really something else!




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  # 1045149 14-May-2014 22:00
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alasta: It would be really interesting to know what proportion of national wealth is controlled by the top 1% in NZ.

When people talk about the 'rich getting richer' they really need to clarify who they consider to be rich. I personally don't know anyone who I would consider to be rich, or even well off. I earn enough money to pay the bills and have a few simple luxuries like owning a car and occasional travel, and most people I know are either in the same position or struggling. It seems to me that NZ has a general standard of living problem rather than a distribution of wealth problem.


Some stats here.

Top 1% hold 16.4 percent of the wealth.

Bottom 50% hold only 5.2% of the wealth





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  # 1045205 14-May-2014 23:29
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ajobbins:
alasta: It would be really interesting to know what proportion of national wealth is controlled by the top 1% in NZ.

When people talk about the 'rich getting richer' they really need to clarify who they consider to be rich. I personally don't know anyone who I would consider to be rich, or even well off. I earn enough money to pay the bills and have a few simple luxuries like owning a car and occasional travel, and most people I know are either in the same position or struggling. It seems to me that NZ has a general standard of living problem rather than a distribution of wealth problem.


Some stats here.

Top 1% hold 16.4 percent of the wealth.

Bottom 50% hold only 5.2% of the wealth



There was a piece on this a while ago, I think in the Herald. If you're paying attention this isn't news.

EDIT: Yep, this January in the Herald with similar pieces reported at several junctures in the last decade. I should refine what I said about paying attention earlier, because many will have seen these figures but consciously or unconsciously not given them the thought they deserve because they fail to affirm their world views.




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  # 1045207 14-May-2014 23:37
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Wasn't paying particular attention. Also I'm getting a 404 on that link.

Edit: that's a bit harsh nztechfreak, not everyone reads the herald everyday ; )

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  # 1045208 14-May-2014 23:38
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NZtechfreak:

There was a piece on this a while ago, I think in the Herald. If you're paying attention this isn't news.

EDIT: Yep, this January in the Herald with similar pieces reported at several junctures in the last decade. I should refine what I said about paying attention earlier, because many will have seen these figures but consciously or unconsciously not given them the thought they deserve because they fail to affirm their world views.


Do you have a link? I think the numbers I quoted are a few years old, and I suspect it has worsened in recent years.




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  # 1045209 14-May-2014 23:40
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gzt: Wasn't paying particular attention. Also I'm getting a 404 on that link.


Link fixed. Looks like I chopped the x off the end the first time




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  # 1045210 14-May-2014 23:51
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ajobbins:
NZtechfreak:

There was a piece on this a while ago, I think in the Herald. If you're paying attention this isn't news.

EDIT: Yep, this January in the Herald with similar pieces reported at several junctures in the last decade. I should refine what I said about paying attention earlier, because many will have seen these figures but consciously or unconsciously not given them the thought they deserve because they fail to affirm their world views.


Do you have a link? I think the numbers I quoted are a few years old, and I suspect it has worsened in recent years.


Can grab link tomorrow on desktop, was 28th of Jan this year (statistics may be the same though, similar numbers in similar piece 2007).




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