To subscribe, advertise or contribute articles to www.nzmanufacturer.co.nz contact publisher@xtra.co.nz
  • Home
  • Latest News
    • Business News
    • Developments
    • Product News
    • Manufacturing Technology
    • Analysis
    • Innovators
    • Energy
    • Calendar
    • Editorial
  • About the Magazine
  • Advertise
  • Subscribe to the Magazine
NZ Manufacturer - Success Through Innovation
Success Through Innovation
  • Home
  • AI
  • Analysis
  • Business News
  • Climate Change
  • Covid-19
  • Cyber Security
  • Developments
  • Energy
  • Events
  • SouthMACH 2025
  • Innovators
  • Magazine
  • Manufacturing Technology
  • Industry 4.0
  • Product News
  • Productivity
  • Profiles
  • Smart Manufacturing Today
  • Sustainability
  • The Creative Class
  • Webinars

News Ticker

How manufacturers can prepare for the ESPR
Tech isn’t the Hero, it’s the plucky sidekick
Finding Your True Competitive Edge: A Guide for Manufacturers
Fixing manufacturing’s billion-dollar harm problem
Steel awards showcase local industry’s expertise and sophistication
Aotearoa’s Industry 4.0 journey
5S – Not That Old Chestnut
Scott Aylett, SEA Electrical a winner

Historian berates billionaires at Davos over tax avoidance

Rutger Bregman tells panel that the real issue is the rich not paying their fair share

Martin Farrer

This is not rocket science’: Rutger Bregman tells Davos to talk about tax – video

A discussion panel at the Davos World Economic Forum has become a sensation after a Dutch historian took billionaires to task for not paying taxes.

In a video shared tens of thousands of times, Rutger Bregman, author of the book Utopia for Realists, bemoans the failure of attendees at the recent gathering in Switzerland to address the key issue in the battle for greater equality: the failure of rich people to pay their fair share of taxes.

Noting that 1,500 people had travelled to Davos by private jet to hear David Attenborough talk about climate change, he said he was bewildered that no one was talking about raising taxes on the rich.

“I hear people talking the language of participation, justice, equality and transparency but almost no one raises the real issue of tax avoidance, right? And of the rich just not paying their fair share,” Bregman tells the Time magazine panel on inequality.

“It feels like I’m at a firefighters conference and no one’s allowed to speak about water.”

Industry had to “stop talking about philanthropy and start talking about taxes”, he said, and cited the high tax regime of 1950s America as an example to disprove arguments by businesspeople at Davos such as Michael Dell that economies with high personal taxation could not succeed. “That’s it,” he says. “Taxes, taxes, taxes. All the rest is bullshit in my opinion.”

 A member of the audience, former Yahoo chief financial officer Ken Goldman, challenged his comments and said it was a “one-sided panel”. He argued the fiscal settings across the global economy had been successful and had created record employment.

But another panel member, Winnie Byanyima, an Oxfam executive director, took up the fight and said high employment was not a good thing in itself because many people found themselves in exploitative work. She cited the example of poultry workers in the US who had to wear nappies (diapers) because they were not allowed toilet breaks.

“That’s not a dignified job,” she said. “those are the jobs we’ve been told about, that globalisation is bringing jobs. The quality of the jobs matter. In many countries workers no longer have a voice.

Addressing Goldman, she said: “You’re counting the wrong things. You’re not counting dignity of people. You’re counting exploited people.”

Billions of dollars were leaked by tax avoidance every year which should instead be going to alleviate poverty in the developing world, she added.

After the panel Bregman tweeted a link to a opinion piece he wrote for the Guardian in 2017, saying “most wealth is not created at the top, but merely devoured there”.

Share this:

Related Posts

0423_SouthMACH28May2025_3600px (2)

Business News /

SouthMACH 2025 hailed as most successful event to date

Remanufacturing PIC

Developments /

Christchurch manufacturing trade fair to create opportunities

Investment PIC

Recent News /

Investing for growth

‹ X-Frame for waste free buildings gets commercialisation boost › Has your business registered for the Food Act 2014?

8th June 2025

Categories

  • AI
  • Analysis
  • AusTech
  • Business Books
  • Business News
  • Calendar
  • Case Studies
  • Climate Change
  • Covid-19
  • Cyber Security
  • DESIGN
  • Developments
  • Editorial
  • EMEX 2014
  • EMEX 2016
  • EMEX 2018
  • EMEX 2024
  • ENERGY
  • Events
  • FOOD
  • Industry 4.0
  • Innovators
  • LEAN MANUFACTURING
  • Magazine
  • Manufacturing Technology
  • Product News
  • Productivity
  • Profiles
  • Rear View
  • Recent News
  • Recent News
  • Regional Manufacturing
  • Smart Manufacturing Today
  • Solidtech
  • SouthMACH 2015
  • SouthMACH 2019
  • Sustainability
  • The Circular Economy
  • The Creative Class
  • The Daily News
  • Uncategorized
  • Webinars

Archives

Back to Top

  • Home
  • AI
  • Analysis
  • Business News
  • Climate Change
  • Covid-19
  • Cyber Security
  • Developments
  • Energy
  • Events
  • SouthMACH 2025
  • Innovators
  • Magazine
  • Manufacturing Technology
  • Industry 4.0
  • Product News
  • Productivity
  • Profiles
  • Smart Manufacturing Today
  • Sustainability
  • The Creative Class
  • Webinars

To subscribe, advertise or contribute articles to nzmanufacturer.co.nz contact publisher@xtra.co.nz

(c) NZ Manufacturer, 2025