Tuesday, September 23, 2008

Kiwis getting poorer


A few more reasons to thank Liarbour.
Not just is New Zealand slipping behind in the OECD economic league tables, but we are getting poorer.
The number of millionaire households - those with at least US$1 million ($1.47m) in assets under management - increased by 6 per cent from 6600 to 7000 in 2007, despite an overall reduction in personal wealth.
Millionaire households accounted for only 0.5 per cent of all households in New Zealand, compared to 2.4 per cent in Australia.
The story continued:
Worldwide, the number of millionaire households grew by 11.2 per cent to reach 10.7 million.
The study also said that the personal wealth of New Zealanders (measured in local currencies) decreased by 4.8 per cent from $191.3 billion in 2006 to $182.1 billion in 2007.
Stuff further confirms us going backwards.
UPDATE: Whale Oil adds a few social statistics, confirming Liabour as a destroyer of wealth.
We can't afford to keep Clark and Cullen in power any longer, can we?
UPDATE2: Australia the millionaires factory, reports the Sydney Morning Herald.

1 comment:

Clunking Fist said...

I had thought that one could accuse Liarbore of taking all our extra wealth and using it to employ more bureaucrats.

But i'm wrong: it seems we HAVE no extra wealth...

Great to hear the Maori Party blast the gummint for spending $800k on examining Moa poop. What next? Another Hip-hop tour?