New Zealand raises minimum wage to $20 an hour and raises taxes on the rich.

The title is incorrect. They raised taxes on high incomes or high earners. Rich refers to wealth which is not related to income tax. It's important to be accurate in these conversations because high wealth and high income, while related, are separate populations. A doctor making over $180k annually has a high income but could have a negative net worth (not wealthy) due to debt and a lack of investments or real estate. Alternatively, an individual could have a modest income and a lot of personal wealth. Appropriate taxation and discussion about appropriate taxation should accurately describe each group. The word rich should not be used to describe income.

/r/worldnews Thread Link - independent.co.uk