Waatea News Column: Tax the rich to pay for the poor

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As we face the rebuild from climate change and as we struggle with the cost of living crisis, Banks continue to make obscene profits in the billions.

If we are to live up to the promise of the Treaty, the promise of Kaupapa and the promise of Pakeha Egalitarian Meritocracy, we must fund the rebuild of our community infrastructure along with our physical infrastructure by taxing the rich.

Labour and National bicker over moving the tax brackets, but that will only seek to put band aids on the change required.

Only the Greens with their Wealth Tax and the Māori Party with their GST off food (alongside their financial transaction tax) are the parties currently in power with specific policy to tax the wealthy for the people.

There are over 3100 individuals in New Zealand whose net worth is over $30million plus 14 Billionaires. Some of those very rich individuals have pumped millions of dollars in donations for National and ACT to ensure their interests are protected.

If we as citizens want a tax system that removes the taxation yolk off the working people and places it on the wealthy, the Greens and the Māori Party are the only place to put that vote this election.

First published on Waatea News.

TDB Recommends NewzEngine.com

19 COMMENTS

  1. pakeha meritocracy is a myth but so is maori advancement depending on tribal relationships…which is basically a genetic old school tie,

  2. There is no corruption in New Zealand, but we will do favours for friends, especially those we went to (the right) schools with.

  3. The Greens defined their wealth tax as on anyone with assets of $1m or over, which could be anyone in Auckland with a freehold property. Sincerely, is that wealth? Where to start a realistic level to tax the wealthy? And not the simplistic “anyone earning over $250k per annum”, as that could be a medical specialist who has a huge student debt to service from their training days….

  4. I’ve been a Green-Left voter all my adult life (nearly retired now), but I can NOT bring myself to vote for any of those parties any more. They have BETRAYED their original aims. For what I don’t know, but I guess for serious black-money ‘later on in life’.
    Given I believe the ONLY way NZ will ever be somewhat egalitarian is if we have CGT, inheritance tax and NO GST on any essentials !
    So, as of today it would seem I have two options, vote TOP or Maori. But which (if not both) will be the wasted vote?
    Will Maori MPs do as the previous ones did and sell-out for ‘baubles of power’ and lovely ministerial pensions?
    Or TOP, who might not get above the INSANE (and purposely harsh) threshold or an elected MP.
    Seems we purposely have NO choice in NZ politics. Just shades of right wing neloiberalism.

  5. Not just “tax the wealthy,” (this blogs favourite mantra), but cut ridiculous government spending. Money saved could be spent on the poor. The $55m spent on consultants re. the canned Auckland Harbour bike bridge, Justice ministry spend of $300,000 on office furniture ($4,000 provided for a desk in the private home of a judge – similar could have been purchased for $1,000), the government department that spent hundreds of thousands on travel of which little was on public transport (can’t wait for a bus – have to take a taxi), consultants charging $500 per hour (one admitted on the Newstalk ZB site that he knew that was exorbitant – article deleted now) and one working for four hours but charging for twelve while hot tailing it to his holiday home. Many more examples, but most of the above just reported on in the last couple of days…..

  6. A bank in America has failed with huge losses to those with money invested in it .I am sure they would have been very pleased to have seen their bank make a profit. The bank return is 11 percent on investment which is not over the top as compared to most businesses

  7. Martyn when will you learn? Your thinking is so flawed – you actually believe that by taxing the rich, this govt will use that money to help the poor? Hahahaha they’ll help themselves to pay rises and more consultants at 500 per hour you gullible chap.

  8. oh c’mon trev we all know the aussie banks don’t even have the basic manners to give NZ a reach around

  9. The weird, almost mystical, shadowy and vague inter-dimension where AO/NZ’s multi-billionaires lurk in their cloaks of all but invisibility has yet to be dissected for analysis so how would anyone know what to do about, and/or with them? To most people billionaires are creatures not unlike unicorns, fairies or trolls. They exist because we give them a mystical presence based upon the scripts they write that we must read and adhere to. They exist by simply ‘being’ but what are they really? Do you or you actually know?
    Personally, all I know about multi-billionaires is that they don’t seem to do anything other then be rich in money and stuff and things and what ever they do, do, which to me looks like fuck all except to be able to walk in the realm between one reality and another while gleaming like polished turds showing us the way to seeing how superior they are to we mere normals who must wipe our own arse holes rather than be able to use the money taken from others to have others still do it for them.
    It seems to me that billionaires become billionaires because they create a perfect environment within which they can flourish and doesn’t that mean that they must sculpt we and our politics to best suit themselves first to enable that? So, based upon that premise, doesn’t that then mean, or to suggest to you that they must first manage our politics to best suit themselves in any way that achieves that goal. To take vast amounts of what might otherwise be our money out of our realm and place it within theirs to hoard and jizz on. That kind of mentality, that kind of psychological blue print must clearly make it unbelievably easy to simply walk in, steal the money, then walk out again knowing that because of their pre planned activities that we had no knowledge of it was literally easier than stealing a worm from a blind hen because they created the realm within which we must live to work to earn the money they simply help themselves to. It’s a game to them, isn’t it. It’s literally like a board game except they can’t lose and we can’t win. If the dice doesn’t land the way they want it they simply flip it over until it shows the numbers they need to win. Neoliberalism is simply a game where the winners never lose and the losers live under bridges while they watch their kids go hungry or end up in prison or dead.
    The curative solution to the multi-billionaire disease lies with our politicians who are currently under orders from the rich. We need to change that. But without unions, without brains and spines and while we hate on our primary industry who hate on you in return and they’re not sure why and neither are you but it’s what they heard they must do and like wise in reverse. I hate to write this but I think we’re currently all fucked and they win.
    Or? We beg for an independent royal commission of inquiry kept company by world class forensic accountants and legal professionals NOT OF AO/NZ to scour the bins. Aye boys?

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