Our lives have been hijacked by billionaires.
They cream off the wealth we create and leave us and our families struggling.
Most of us work longer hours for poor pay in insecure jobs. We have less money, less choices and face lives of increasing struggle. Most of our children will never own a home and face bleaker life chances than us today.
Meanwhile the billionaires are using their wealth and dominant political influence to make obscene piles of cash at our expense. They have overwhelming influence over our main political parties which plead for their corporate donations to run election campaigns. The billionaires have decided the policies before we even cast our votes.
At their behest successive governments have asset-stripped our economy, run down our public services, changed laws to suit the corporates and told us there is no other way.
The billionaires own most of our media – filling our lives with empty celebrity culture, narrowing our vision of ourselves and dumbing down our capacity to fight for meaningful change.
And they don’t pay their share. Billionaires pay lower tax rates than the rest of us.
We must break the billionaires grip on our economy and on our lives.
Here are two things you can do now:
- Write to the government’s Tax Working Group to say you’ve had a gutsful of these high-earning tax dodgers and demand the billionaires pay their share.
- Post your submission to your friends on-line and ask them to do the same. We need a tsunami of messages demanding change.
You have one week to act. Submissions close next Monday 30 April.
Make your own arguments for change but here are a few tax changes I’m suggesting would be a strong start to pushing back the billionaires and loosening their grip on our economy and our lives.
- Firstly a Financial Transactions Tax (set at around .01%) which taxes all money going through our banks. This won’t be noticed by any of us day to day but will bring in large sums of money from corporate billionaires and speculators who move billions in and out of New Zealand every day. This tax would replace GST – a vicious tax on low incomes.
- Secondly, a comprehensive Capital Gains Tax which would tax the unearned income of the wealthy and the super-wealthy. Wage and salary earners can’t avoid tax. We are taxed on every dollar we earn and every dollar we spend. Why not the billionaires?
- Thirdly, we need a much higher top tax rate – currently we have one of the lowest in the world. Why should corporate CEOs pay just 33% on their vastly inflated salaries in tax when much more is demanded in other countries? (Eg Denmark 55.8%; Australia 49%; USA 46.3%; France 54%; UK 45%)
Don’t leave it to someone else. Make your submission today and post it on-line.