How do NZ Political Parties save us from the Free Trade neoliberal collapse they spent decades building?

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The image below is the reality no one in NZ politics wants to admit – the spectrum of Political Parties economically are all very free market and right wing…

The true demarcation of power in a liberal progressive democracy is between the 1% richest + their 9% enablers vs the 90% rest of us.

The richest protect their wealth from any new taxes and our social and physical infrastructure suffers.

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The political project of the Right is to starve the State of revenue so there is nothing to redistribute in the first place.

The Māori Party identify this and have put together a Tax Policy that is as close to Socialism as we are going to get!

Te Pāti Māori’s tax policy

Tax rates

    • $30,000 and under – 0% tax
    • $30,001 – $60,000 – 15% tax
    • $60,001 – $90,000 – 33% tax
    • $90,001 – $180,000 – 39% tax
    • $180,001 – $300,000 – 42% tax
    • $300,001 and up – 48% tax

Currently the top tax rate – for earnings over $180,000 – is 39%.

The party would also:

    • Remove GST from all kai and regulate the ability of supermarkets to hike prices
    • Increase the company tax rate from 28% to 33%

And introduce:

    • A net wealth tax
    • A foreign companies tax
    • A land banking tax
    • A vacant house tax

The enormity of what the Māori Party are espousing here can not be ignored.

Labour is here to manage under regulated capitalism (and let the free market do the rest), the Greens are here to try and add the cost of pollution into the price (and let the free market do the rest) while the Māori Party are actually here to disrupt capitalism!

Normally the wealthy can rely on the fecklessness of the Greens or the cowardice of Labour to do nothing meaningful on Tax Policy, currently Labour are trying to smother a CPT and a Wealth Tax so as to be as meaningless as possible and the Greens aren’t really sure how their Wealth Tax will work!

How do NZ Political Parties save us from the Free Trade neoliberal collapse they spent decades building?

As Trump shits on Global Trade,  where are you free market Gods now?

 

 

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23 COMMENTS

  1. ” How do NZ Political Parties save us from the Free Trade neoliberal collapse they spent decades building? ”
    Well, they can’t. They can’t because they’re all the same thing therefore they’re all a part of the same problem. Cancer doesn’t cure itself and neither does neoliberalism.
    We lot. Us poor fuckers need an independent body to apply flea powder to the underwear of our urban hyper riche and investigate the political and financial lineage of the same and AO/NZ isn’t able to do that by itself. We need help and since the Crown is still our head of state ( Soz @ Maori. ) then we need them to do their fucking job. And urgently to be honest.

    • In saying “the Crown is still our head of state” and “we need them to do their … job” I assume that you mean King Charles should step in to sort us out. He will do that when the military and intelligence services ask him to, but why would you want to bring that day forward to the present?
      What exactly do you think that King Charles will do when he does choose to step in and exercise his reserve powers?
      Why are you so convinced that we can’t sort out the colonial regime by ourselves, and how does that fit with your other bonky proposal that voting in colonialist parliamentary elections should be mandatory? Why vote if Charles is going to step in and take over the reins of power from the elected government?
      Being able to diagnose what ails the Realm of New Zealand is all very well, but your prescription for a cure also needs to make sense.

      • I think your mind comes up with good stuff GF but I ask you and any other disagreeing and finding holes in people’s ideas, when they have spelt out the reasons why – then put up something possible for consideration that could work as a righteous step on the long journey, and how to go about it. Don’t just do a dump on our doorstep, bag it and put it on the garden, with a light covering of growgood to enable it to be absorbed!

        • Kia ora Greywarbler
          I called the mandatory voting proposal bonkers because KWTC has put it forward many times but never answers the objections raised against it. If it is a serious proposal, then debate it seriously.
          The proposal that a non-elected foreign hereditary monarch should be given absolute control of the administration of the state is certainly allowed for in the New Zealand constitution, but I despite that I still consider it to be bonkers, as would quite a few other New Zealanders who uphold the principles of democracy (rangatiratanga) and self-respect as a nation (mana motuhake).
          KWTC is a correspondent whose colourful contributions are read and enjoyed by many and I often agree with his analysis, but not so often with his prescriptions, and on this occasion I felt it necessary to express dissent.
          In recent times TDB has published my detailed thoughts on rangatiratanga and te whakaminenga as the best way forward for our nation of Aotearoa, and I don’t think I need to go over that ground again here. (My views on sovereignty and governance have also been fully developed in articles published at http://www.republican.co.nz)

  2. Martyn – Te Pati Maori tax policy is unique…it could run the risk of creating capital (money) flight out of NZ.

      • well if they did that there goes 20% of the economy at least and the price of pakeha houses would crash because when the Maori sold their houses there would be a glut of places for sale and not enough people able to buy them .Then the 20% of GDP that Maori contribute would be gone as well so Pakeha would be left having to pay their own debt .Then there is the tax all those Maori workers pay that the government would not get .
        Oh a 20% smaller NZ full of immigrants who would also leave because they would be taxed out of existence .

          • correct and it is dumber to reduce the countries income which comes from tax just so some can get richer .How do you envision we pay for the new roads you want and the 185 billion for water issues .I guess you can just unload on your grand kids .

    • It runs the risk of the majority having more spending money.
      Which is good for business.
      As for capital which has mostly bid up the prices of existing assets without adding any value. The sooner it leaves, the better.

  3. You are right Martyn. “The enormity of what the Māori Party are espousing here can not be ignored.” and yet TPM are only advocating the policies followed by indisputably right wing parties from the end of the second world war until the nineteen eighties.
    But would it be enough to save colonial capitalism?
    We may never know the answer to that question, because it is hard to see such measures finding favor with a majority in the colonialist parliament.
    Rather, our future as tangata motu depends on the the successful development of political and economic institutions outside of the colonialist system.

  4. Yeah! Oh the irony of it. Gonna vote Te Pati Maori on the strength of their tax policy. This is the really meaningful thing, the only thing that really matters to rectify a broken broken system.Greens, where the hell are ya??? Labour, well it’s LINO now, and probably forever. One thing Trump has proven is that the status quo can certainly be changed, because he has changed it, with shock and horror rather than awe. Why can’t a left government ever effect change in the same dramatic way? Chippy has already signaled he won’t change a thing National have done so get fucked Labour, the great betrayal party.

  5. They have by far the best tax policy ,which is very close to AUS whom everyone thinks is the golden country .But at the last election NZ was too busy making sure that Pakeha could steal the water and the remaining Maori land .Luxon just got educated by Tainui on how big the Maori economy is and how big it will be very soon .He even tried to claim their giant deal for Ruakura inland port as the result of his free feed for a few rich pricks a couple of weeks ago .

  6. We rely on ‘free’ trade over the past 3 decades, that replaced ‘imperialist’ trade prior to that when New Zealand was essentially subsidized by Great Britain, benefitting of Britain’s exploitation of its colonies. That’s how we became the world’s wealthiest nation. Great Britain then abandoned us in the early 1970s and we had to look for non-traditional markets for our agricultural exports.

    • Britain did not subsidize New Zealand. New Zealand became relatively rich on the back of highly productive agricultural land confiscated from Maori, a favorable climate, modern agricultural methods and a social system geared to the creation of wealth. A large and affluent British market certainly made it easier for New Zealand, but the British market was also a boon to Canada, Australia, and Argentina among many other colonial or national economies. New Zealand survived the loss of the British market without suffering too much pain because it was basically an efficient producer of agricultural commodities, and in any case by the late seventies many other nations had become wealthy enough to afford to buy New Zealand products. However there are risks in being fully dependent on trade in primary produce, and on account of the US tariffs and New Zealand involvement in the US/China conflict the future for New Zealand as “a trading nation” is looking more uncertain than it has at any time since the nineteen seventies.

  7. The wealth tax needs to be done in such a way that the assets within the country remain taxable regardless of where the person trying to escape them moves to.

    In NZ due to all the tax incentives and breaks the majority of the wealth tends to be tied up in real estate, and is also where many of our societal problems are. We don’t have systemic problems from the wealthy buying up too much art for example. Struggling local artists might actually welcome it!

    In France their wealth tax is predominately on real estate (net of loans), primarily focused on residential homes, investment real estate and rental assets rather than commercial premises or agricultural land.

    It kicks in from 1.3 million euro’s, and is per household, which includes the assets of couple’s and their minors under 18. The rate goes up in stages with the top rate being 1.5% (for over 10m euro).

    If the person is resident they are taxed on all their real estate including global. If they go offshore, their French real estate.

    If a wealth tax is implemented in NZ something along those lines needs to be done to ensure the domestic assets continue to be taxable even if the person goes offshore for it to be feasible, and without too many exclusions and complex dodges, like via trusts and gifting etc.

    The point of the wealth tax besides the collection of revenue should be to disincentivise wealth going into areas that are causing problems, which in NZ is largely residential real estate and land banking. Maybe if the wealth tax is limited to real estate in NZ it would also avoid the excuse of it being too hard to administer, as council records could be used.

    https://chasebuchanan.com/france-wealth-tax-charges-explained/

  8. ” The Māori Party identify this and have put together a Tax Policy that is as close to Socialism as we are going to get ”

    Now we know why LINO MP’s are so nervous and need Winston to save them from any future governing arrangement.

    LINO don’t want a coalition with TPM or the Greens so they will need NZF to be back to rescue them and continue as National lite.

  9. Neo Liberal MP’s don’t save anybody unless there is money in it for them.

    The Free Market and ATLAS takes no hostages and shoots the wounded.

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