Graeme Hart's wealth gain would pay the entire grocery bill for more than 200,000 New Zealand households for a year, Oxfam says. Photo / Michael BradleyBy RNZNew Zealand's richest man, Graeme Hart, made $3.4 billion during the Covid-19 pandemic, reinforcing the urgent need for a wealth tax to help fix inequality, an Oxfam manager says. Hart's added wealth is revealed in a new Oxfam report which is part of wider research tracking global wealth. Photo / Bevan ConleyOxfam New Zealand communications and advocacy director Joanna Spratt told Morning Report such wealth accumulation highlighted the urgent need for a focus on wealth tax in New Zealand. Joanna Spratt: "We can raise the issue and keep highlighting what a powerful lever our tax system is."

Source: New Zealand Herald January 25, 2021 00:59 UTC