Sunday, May 9, 2010

Matt McCarten : Protest a glimmer of hope in our doormat country - page 2 - Opinion - NZ Herald News

Matt McCarten : Protest a glimmer of hope in our doormat country - page 2 - Opinion - NZ Herald News

Kia-ora

The transfer of wealth from ordinary people and the increase in inequality in New Zealand continues as Matt McCarten says in this Herald article.

The share of national income for wage and salary earners has decreased from 75% in 1980 to 50% today. At the same time executive salaries have increased at a much greater rate than skilled wage and salary earners wages. No wonder why New Zealanders are borrowing to maintain their standard of living.

Do we want to be like the Philippines. A few rich people living behind walls and private security while the rest fight over the leavings, because that is the way our Governments are taking us!

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