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Originally Posted by Bernard Hickey

Official figures show the stark explosion in inequality since the onset of covid as the Government’s interventions to print $58b and give $20b in cash to business owners helped make owners of homes and businesses $952b richer since December 2019.

Meanwhile, renters have missed out on that asset growth and have been hammered with real wage deflation and rents rising faster than incomes. The poorest are now $400m more in debt and need twice as many food parcels as before Covid.

The Labour Government, supported by the Greens, presided over policies that accidentally on purpose engineered the biggest transfer of wealth to asset owners from current and future renters in the history of New Zealand.

https://thekaka.substack.com/p/covid...Published=true