The return of the 1%

The World Top Incomes Database has just updated its figures for New Zealand’s richest inhabitants. While the update only takes us up to 2011, the figures are still revealing. In 1986, the average person in the top 1% got around $159,000 (adjusted for inflation); in 2011, they got $337,000 – more than double. During that…

OECD takes aim at “disproportionate” 1%

The OECD’s latest research – which warns about concentrating power and privilege at the top, and advocates new tax measures – is yet another sign that even major international institutions have woken up to the danger of inequality. The Focus on Top Incomes shows New Zealand isn’t immune from the 1%er phenomenon. Over the last…