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  "description": "10 News Stories They Chose Not to Tell You",
  "path": "/your-daily-ten-10-2026-107/",
  "publishedAt": "2026-06-16T22:00:54.000Z",
  "site": "https://goodoil.news",
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  "textContent": "**This is edition 2026/107 of the _Ten@10_ newsletter.**\n\nHi all,\n\nThis is the Ten@10, where I collate and summarise ten news items you generally won't see in the mainstream media.\n\nEnjoy!\n\n* * *\n\n## 1. The $129 billion political class\n\n _Bryce Edwards_\n\n  * 🧭 The NBR Rich List is framed as more than a wealth ranking, functioning as a “map of power” showing how financial elites carry significant political and economic influence.\n  * 💰 Total wealth of the 150 richest New Zealanders has surged to about $129b, with billionaires increasing from 18 to 26 and the top ten holding around $64b collectively.\n  * 🏛️ The list is used to illustrate how concentrated wealth can translate into political influence through funding parties, lobbying, shaping regulation, and supporting think tanks.\n  * 🏚️ The traditional New Zealand “Establishment” of landowners, banks, law firms, and old family dynasties still exists but is now supplemented by new tech and global capital players.\n  * 🚀 New entrants reflect a shift toward technology, including founders of companies like Halter, Supabase, Wayve, Nuro, Partly, AS Colour, and Substack-related ventures.\n  * 📈 Over 40 years, wealth on the list has expanded from $5.3b (55 individuals and 12 families) to $129b (many more individuals, families, and duos), reflecting major economic transformation.\n  * ⚖️ The rise in wealth is linked to neoliberal reforms, deregulation, privatisation, and property inflation, which boosted asset wealth faster than wages and public services.\n  * 🗳️ Political responses diverge: the Greens see inequality and advocate structural tax reform, National rejects wealth taxes, and Labour acknowledges imbalance but avoids tax solutions.\n  * 🌍 Tech billionaires like Peter Beck are highlighted as more dynamic wealth creators, but their industries still depend heavily on public systems like education, regulation, and R&D support.\n  * ⚠️ The piece warns that even “new economy” wealth in tech still translates into political influence, and New Zealand lacks adequate transparency systems to manage this evolving power structure.\n\n\n\nRead More\n\n### This post is for subscribers only\n\nBecome a member to get access to all content\n\nSubscribe now",
  "title": "Your Daily Ten@10 - 2026/107",
  "updatedAt": "2026-06-16T22:00:53.469Z"
}