Originally Posted by
ronaldson
Another thought that I want to get " out there " but doesn't seem to have a convenient thread available, so I will use this one, relates to the updated individual parliamentarian's Register of Interests that the NZ Herald gave some publicity to recently.
What was absolutely striking was the paucity of elected members who held any ( yes, any ) NZX listed shares. Only about 3 of 120 did ( yes, I know, a Kiwisaver Account is now quite common and that usually signals an indirect investment in the market but most balances will not be very significant ) by contrast with those who held an interest in property, often multiple and often via Trusts, where only 3 of 120 didn't! The implied disconnect with business and the dominance of property in lieu is remarkable. This is widely known to be a NZ obsession, but when it is so evident in our elected representatives it is no wonder that there can be the perception of a lack of comprehension of how to achieve economic outcomes and efficiencies, and delivery of projects.