Friday, March 12, 2010

Completely out of touch

Colin Espiner, blogging about the government's plans to sell New Zealand residency (and by extension, voting rights) to those willing to invest $750,000, makes this comment:

Three-quarters of a million dollars is a paltry sum in most countries - including New Zealand actually.
Really? The median income in New Zealand is around $23,000. Assuming someone works nonstop from age 20 to 65, the median person will earn $1.075 million over their working life. What Espiner calls a "paltry sum" is in fact around three-quarters of the median lifetime earnings in this country. But clearly, Espiner can't see beyond his own high salary or recognise that the vast majority of New Zealanders - and his readers - are not in his privileged position.