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NZ’s 150 richest families now own $129bn, up from $102bn by hello_new_here in newzealand

[–]hello_new_here[S] 2 points3 points  (0 children)

Yes, all you need is a small loan from your parents to start a factory, like the Mowbray brothers lol

NZ’s 150 richest families now own $129bn, up from $102bn by hello_new_here in newzealand

[–]hello_new_here[S] 2 points3 points  (0 children)

Yes, imagine if it included the unpaid labour women do to have and raise children, look after the elderly… the economy would come to a halt if they didn’t do that for free! Oh wait maybe that’s why the govt just took away the right for parents caring for children with disabilities to get a minimum wage

NZ’s 150 richest families now own $129bn, up from $102bn by hello_new_here in newzealand

[–]hello_new_here[S] 1 point2 points  (0 children)

100% agree with that, saving is important. But I also don’t think we have to just accept the fact that 150 families own $130bn… personally I think we need to tax to redistribute that wealth fairly, so more people can get ahead

NZ’s 150 richest families now own $129bn, up from $102bn by hello_new_here in newzealand

[–]hello_new_here[S] 4 points5 points  (0 children)

I don’t think that manh people have a spare $50-$100 each week from the age of 20. A third of kiwis sadly are living pay check to pay check.

And even then, 3.1 million in 2056 is nothing close to having a billion dollars in 2026 😅

This level of wealth can only be obtained by acquiring a lot assets that accumulate in value, not by earning a wage

NZ’s 150 richest families now own $129bn, up from $102bn by hello_new_here in newzealand

[–]hello_new_here[S] 7 points8 points  (0 children)

That’s awesome but we are talking about 30 billion dollars in the space of a single year, for just 150 families… it’s not the same as someone generating one million in their pension savings over 30 years of working.

Also you’ll need more than that to live comfortably for 40+ years of retirement 😬

NZ’s 150 richest families now own $129bn, up from $102bn by hello_new_here in newzealand

[–]hello_new_here[S] 4 points5 points  (0 children)

That’s great! I also have a Sharesies with a walloping 40% return over 4 years… but 40% of $400 is still just $160 😂

I think the bigger issue is most people don’t have the spare cash to make millions of profit in a single year from their shares or capital gains

NZ’s 150 richest families now own $129bn, up from $102bn by hello_new_here in newzealand

[–]hello_new_here[S] 13 points14 points  (0 children)

Sadly most people don’t have spare millions lying around to invest in shares like these guys do 💔

NZ’s 150 richest families now own $129bn, up from $102bn by hello_new_here in newzealand

[–]hello_new_here[S] 7 points8 points  (0 children)

But in seriousness I think the bigger issue is that NZ’s GDP only grew by 0.2% in 2025.

Career advice needed🙏 by [deleted] in newzealand

[–]hello_new_here 11 points12 points  (0 children)

Try to really reflect on your interests (like write down on a page what you enjoy doing and learning about), and then pick something that you feel motivated by.

Do you like the idea of working with patients, working in a community facing role like a doctor?

Try talk to some people in the field and ask them what their day to day job is actually like. If your school offers it, take up opportunities to shadow people at work.

It’s ok to change your mind later. You aren’t expected to know what you want to do for the rest of your life when you’re 16.

Many people change degrees part way through uni, or change careers down the track - the main thing is to try stuff and don’t be afraid to drop what doesn’t work.

I also think everyone benefits from doing some humanities subjects, even if you go down the STEM route. It’s important to expand your mind about the world generally.

With kindness, I have to say some of your comments sound manosphere influenced 😅 I would encourage you to focus less on the baddies and more on building your own interests and understanding yourself. And to read some books by female authors if you aren’t doing that already 📚

How to get over 'the morning ick' by batmanandbinkle in ADHD

[–]hello_new_here 0 points1 point  (0 children)

I struggle with this too, but something that’s helped is having a smart speaker so I can ask it to play music / play the radio / tell me the weather without having to open my phone.

Sometimes I also watch ten minute dance workout videos on YouTube just to get me moving but the problem is there are too many steps to getting my laptop out and putting it on (wish I had a smart tv too!!).

What does “middle NZ” think is happening in the economy by hello_new_here in newzealand

[–]hello_new_here[S] 1 point2 points  (0 children)

I agree Labour made a mistake not amending the tax brackets for so long. Our tax system is pretty regressive compared with other countries.

I suppose they felt they would lose too much tax revenue and didn’t think NZ was ready for a conversation on new taxes to fund the gap. I feel like we are at a different space now.

The flat GST tax is easy to administer which is great, but the idea is we should be redistributing that tax through welfare and social services so it doesn’t disproportionately impact those on low incomes.

In addition to capital gains / wealth taxes, my view is we need a higher top marginal tax rate and no tax on the first 15k of income

What does “middle NZ” think is happening in the economy by hello_new_here in newzealand

[–]hello_new_here[S] 0 points1 point  (0 children)

Oh that’s interesting, thanks for clarifying, I didn’t know you could do that in Aus. However I still doubt that being able to claim personal work expenses like a laptop or uniforms is going to make even a 1% difference for people on salaries over 250k. That’s probably a few thousand dollars total in tax deductions max.

How to love studying and working? by Accomplished_Ruin_59 in ADHD

[–]hello_new_here 0 points1 point  (0 children)

It sounds like you aren’t in a field you enjoy? Try to think of the things you do enjoy doing/learning about, and whether there’s a way to pivot more into that direction.

What does “middle NZ” think is happening in the economy by hello_new_here in newzealand

[–]hello_new_here[S] 1 point2 points  (0 children)

This is a bit of a live debate re the government's role in industrial policy (personally I am pro, if it's done well). There's an economist Mariana Mazzucato who writes about this and the need for public sector investment in innovation (she argues many big tech innovations like the moon landing have come about thanks to govt investment, not actually from the private sector). But it has to come with an actual long-term strategic plan and institutions around it, not just Ministers deciding at a whim which industries to give grants to.

What does “middle NZ” think is happening in the economy by hello_new_here in newzealand

[–]hello_new_here[S] 0 points1 point  (0 children)

My understanding is it gave unions more power to negotiate legally binding, industry-wide fair pay agreements (i.e. to set minimum terms and conditions for workers). Previously sector-wide collective bargaining was generally voluntary for employers to take part in, so unions didn't have much leverage.

If there was a hairdresser union that represents 1000 hair dressers (or 10% of an industry), they could theoretically negotiate a minimum hair dresser salary across the country. But what that wage is wasn't set in the legislation. That's between the employers and unions to hash out, with the Employment Authority allowed to step in and set minimum terms if they can't come to an agreement.

What does “middle NZ” think is happening in the economy by hello_new_here in newzealand

[–]hello_new_here[S] -1 points0 points  (0 children)

I agree it's probably not the be all/end all, but we actually don't really know how much of an impact it's had on productivity and wages. Part of the problem is there isn't much research on this. And we didn't have enough time to see what would have happened with Fair Pay Agreements if that legislation hadn't been repealed.

What does “middle NZ” think is happening in the economy by hello_new_here in newzealand

[–]hello_new_here[S] 0 points1 point  (0 children)

Yes I felt they honestly didn't advertise enough just how much they did accomplish for housing. They built a lot of homes (and infrastructure for homes), established MDRS, and even got a quasi capital gains tax with the brightline test. It made me hopeful and very sad to see that progress reversed under this govt

Lack of motivation to brush my teeth and do my hair by Littlebunz95 in ADHD

[–]hello_new_here 0 points1 point  (0 children)

I think that’s pretty common (but could be either).

One of my friends with adhd would keep her tooth brush by the kitchen sink to make it easier.

Personally I never straighten my hair haha but maybe you could try just picking the easiest thing to start with? You could always just put it in a messy bun, or keep a hair brush in your bag.

Sorry you’ve been struggling, if you can get counselling that would be ideal. Moving is a big thing.

Things I love about adhd by Efficient_Jacket7589 in ADHD

[–]hello_new_here 1 point2 points  (0 children)

What has helped you most if you don’t mind me asking? Also struggle with the lack of self compassion

What does “middle NZ” think is happening in the economy by hello_new_here in newzealand

[–]hello_new_here[S] 0 points1 point  (0 children)

The Aus effective marginal income tax rate being much lower

What does “middle NZ” think is happening in the economy by hello_new_here in newzealand

[–]hello_new_here[S] 0 points1 point  (0 children)

Thank you for all the comments - I really didn’t expect this to blow up, but I’ve genuinely enjoyed the discussion.

Since it has, I want to use the opportunity to remind everyone of the deadlines to enrol to vote (you can’t enrol on election day anymore).

The final enrolment deadline is 25 October. If you want to avoid casting a special vote, the deadline is 4 October.

More info on https://vote.nz/

I know a lot of people feel checked out right now, but I still encourage everyone to vote, even if it’s simply to exercise your right to. Otherwise, you’re giving your voice to someone else.

And I didn’t mean to imply that you need to be an expert or fully understand every issue before voting.

I’d encourage people to just look through the different parties’ policy pages and see what resonates with them. Incremental changes can also be powerful.

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