Monday, 25 January 2021, 10:32 pm
New Zealand’s richest citizen, Graeme Hart, has seen
his fortune increase by NZ$3,494,333,333 since March 2020
– a sum equivalent to over half a million New Zealanders
receiving a cheque for NZ$6,849 each, reveals a new analysis
from Oxfam today.
The New Zealand analysis precedes a
global report being published by Oxfam at 1pm NZT today,
released to coincide with the opening day of the World
Economic Forum’s ‘Davos Agenda’. It shows how the
rigged economic system is enabling a super-rich elite to
amass wealth in the middle of the worst recession since the
Great Depression while billions of people and businesses are
New Zealand's richest man made $3.4 billion during the Covid-19 pandemic, highlighting the urgent need for a wealth tax to help fix inequality, an Oxfam manager says.
Press Release – Oxfam NZ New Zealands richest citizen, Graeme Hart, has seen his fortune increase by NZ$3,494,333,333 since March 2020 a sum equivalent to over half a million New Zealanders receiving a cheque for NZ$6,849 each, reveals a new analysis from Oxfam today. The New Zealand …
New Zealand’s richest citizen, Graeme Hart, has seen his fortune increase by NZ$3,494,333,333 since March 2020 – a sum equivalent to over half a million New Zealanders receiving a cheque for NZ$6,849 each, reveals a new analysis from Oxfam today.
The New Zealand analysis precedes a global report being published by Oxfam at 1pm NZT today, released to coincide with the opening day of the World Economic Forum’s ‘Davos Agenda’. It shows how the rigged economic system is enabling a super-rich elite to amass wealth in the middle of the worst recession since the Great Depression while billions of people and businesses are struggling to make ends meet.
Following reports that New Zealand wonât be backing the call to waive patents and facilitate a free and fairly distributed vaccine to help prevent the spread of coronavirus around the world, Oxfam New Zealandâs Communications and Advocacy Director Dr Joanna Spratt said:
âIt is disappointing for the New Zealand government not to support a decision that could help to prevent billions of people missing out on a life-saving vaccine, as poorer countries do not have the same leverage as richer nations to protect their populations while those wealthy countries are hoarding more than they need.
âSaying New Zealand will support the COVAX facility instead is no perfect solution to the complex challenge of delivering a safe vaccine to everyone in the world. Meeting this task is essential to ending the pandemic, as itâs not over until itâs over for everyone.