Written By: - Date published: 2:41 pm, March 25th, 2019 - 46 comments
The most important comment in the Tax Working Group’s Final Report is that even the reasonably comprehensive capital gains tax proposed is likely to have only a minor impact on addressing inequality — what is needed is a more progressive income tax system that lifts the top marginal tax rate
Written By: - Date published: 3:23 pm, March 22nd, 2019 - 43 comments
Submissions for the final report on the Electricity Price Review closed today at noon. My recent experience with Genesis Energy reveals pricing by power company majors not only rips customers off, but is immoral. The initial report of the EPR is unlikely to address this issue.
Written By: - Date published: 6:06 am, November 15th, 2017 - 7 comments
Idiot/Savant at No Right Turn looks at the Paid Parental Leave Bill and how National are trying to wreck it.
Written By: - Date published: 7:04 am, July 29th, 2017 - 181 comments
There are basically two kinds of reaction to Metiria’s bombshell, the practiced “outrage’ of the usual political operatives, and the support of the ordinary people. I think that the louder the operatives shout, the more that people are going to side with the under-dog.
Written By: - Date published: 7:22 am, July 15th, 2017 - 70 comments
The government is “seeking advice” over the skyrocketing prison population. I’m happy to oblige – but they aren’t going to like it…
Written By: - Date published: 6:45 am, July 5th, 2017 - 137 comments
I/S at No Right Turn writes: “Around the world, we’ve seen a backlash against political establishments, driven in part by a recognition that economic and political systems are rigged to the advantage of the rich. And we have the same sentiments in New Zealand”
Written By: - Date published: 4:13 pm, May 4th, 2017 - 8 comments
I/S at No Right Turn writes: “The CPI is out today, and it shows that the poor are getting poorer … This is a long-term trend. Since National took office, inflation for poor households has been nearly twice that of rich households.”
Written By: - Date published: 8:38 am, January 17th, 2017 - 94 comments
Guardian: “The world’s eight richest billionaires control the same wealth between them as the poorest half of the globe’s population, according to a charity warning of an ever-increasing and dangerous concentration of wealth.”
Written By: - Date published: 11:32 am, January 16th, 2017 - 36 comments
Oxfam’s report on wealth inequality in NZ has some staggering headline numbers.
Written By: - Date published: 9:42 am, June 29th, 2016 - 56 comments
Inequality in NZ is the worst it’s been in a decade. Key’s response is pathetic. We need to vote to end suck-up economics. We need to be a better country than this.
Written By: - Date published: 9:35 am, June 25th, 2016 - 45 comments
“Poverty NZ’s ‘new normal’ – report”. “Food bank pantries bare, emergency food grant dropping – report”. “NZ egalitarian? That’s a pretty little lie”. Hello – National supporters – where do you think this is going to end?
Written By: - Date published: 7:17 am, June 25th, 2016 - 155 comments
Yesterday was a big day for both UK and US politics. Brexit revealed the political consequences of social inequality. Meanwhile in America the Trump Train is derailing.
Written By: - Date published: 7:02 am, May 10th, 2016 - 22 comments
Is John Key the only international leader defending tax havens? Includes bonus international media round up of yesterday’s revelations.
Written By: - Date published: 7:28 am, March 11th, 2016 - 66 comments
History clearly shows us that when people are economically stressed they turn to extreme action and extreme leaders. Economist Jared Bernstein argues that the Trump ascendancy is another example of this.
Written By: - Date published: 11:08 am, February 23rd, 2016 - 55 comments
Looks like the top 1% and the cashed up asset rich are doing just fine. The rest of you, work harder.
Written By: - Date published: 7:06 am, January 21st, 2016 - 165 comments
A piece yesterday foreshadows a report on poverty from right-wing lobby group “The New Zealand Initiative”. It’s (surprise!) another attempt to minimise the significance of poverty in NZ – and it’s another big distraction…
Written By: - Date published: 7:02 am, January 19th, 2016 - 155 comments
Ever widening inequality generates ever more astonishing statistics – suck up economics in action. The super-rich are laughing all the way to the bank.
Written By: - Date published: 7:10 am, November 10th, 2015 - 65 comments
Inequality is a choice. It isn’t a choice made by individuals, it is a choice made by governments. Check out Joseph Stiglitz’s new book Rewriting the Rules of the American Economy: An Agenda for Growth and Shared Prosperity.
Written By: - Date published: 9:34 am, August 18th, 2015 - 7 comments
While we devote acres of pixels to flag distractions and “celebrity” nonsense, the health of the nation goes largely unremarked. Was there any MSM coverage of the latest Ministry of Social Development report – Household Incomes in New Zealand: trends in indicators of inequality and hardship 1982 to 2014?
Written By: - Date published: 9:16 am, July 22nd, 2015 - 40 comments
Both Key and English now on record as being “concerned” about rising inequality. So why are they acting to increase it?
Written By: - Date published: 7:22 am, June 29th, 2015 - 22 comments
Last week Treasury came out with a detailed and interesting report, Inequality in New Zealand 1983/84 to 2013/14. It is no surprise to find that the last Labour government acted to reduce inequality, the current National government has acted to increase it.