Looks like corrupt politicians are the biggest problem a country faces if Batista is anything to go by. America doesn't come off too well in the link you provided either.
Probably getting off track anyway as this thread is about ACT policy.
How do you measure the wealth gap and what would be considered big.
Despite all my angst Stats NZ says the distribution of wealth has not changed between 2015 and 2021. Whether 10% of the population holding 50% of the wealth is huge or not is subjective I guess?
What would you consider a huge wealth gap? 80%-90% owned by the top 10%??
https://www.stats.govt.nz/news/distr...%20%2411%2C000.
Per the earlier treasury page it appears 9% of the population earn 42% of the taxed income. whether that represents a huge gap might be considered subjective as well I suppose?
https://www.treasury.govt.nz/informa...ays-income-tax
The surveys might be wrong.
Don't get me wrong I don't begrudge people their success but I just think they are in a better position to contribute to society so a progressive rather than flat tax makes sense to me.
And a capital gains tax wouldn't go amiss but ACT is not alone not wanting this.