Two New Zealand rich listers are among the first signatories on a ‘Millionaires for Humanity’ letter urging governments across the world to raise the tax for the wealthy amidst the COVID-19 crisis. The Warehouse Group founder Sir Stephen Tindall and Hire Things founder Peter Torr Smith are two of 174 millionaires to have signed the Read more
While wages stagnate, stock prices rise and the rich get richer. If you’re lucky enough to be a member of the global 1%, last year was another good year to be alive (every year is pretty great, though). Your wealth bracket increased its share of global riches so that it holds just over half of Read more
At its simplest, the groundbreaking work by French economist Thomas Piketty proves no more than what we thought we already knew: the rich get richer. Whether the poor also get poorer is another matter. What would the taxi driver who took me across Beijing last year in a Toyota tricked out with three smartphones have Read more
On a pilgrimage to Assisi, Pope Francis has called on all Christians and the whole Church to imitate St Francis by embracing poverty and stripping away worldly attitudes. “A Christian cannot coexist with the spirit of the world,” he said, speaking in a room of the Assisi archbishop’s residence where St Francis shed himself of Read more
The political power and wealth of New Zealand’s business elite is on display in two important media publications this week – the NBR’s 2013 Rich List and the New Zealand Herald’s ‘Mood of the Boardroom’ survey of CEOs. Both publications illustrate the immense power and wealth that is concentrated amongst a miniscule group of businesspeople. Read more