Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 


The rich get richer, why not everyone else?

27 July 2012

The rich get richer, why not everyone else?

The minimum wage would be $16 an hour if it rose at same rate as the wealth of the 151 New Zealanders on the NBR rich list, said the Green Party.

The NBR rich list, released today, shows the collective wealth of the richest New Zealanders rose by $7 billion, or 18%, in the last year.

"The rich list highlights the growing income inequality in New Zealand While Kiwi families on low wages struggle to get by the wealthiest New Zealanders are doing very well," said Green Party Co-leader Metiria Turei.

"Treasury forecasts average wage growth of only 3-4% for the foreseeable future, yet the rich listers’ wealth is growing at a phenomenal rate of 18%.

"Government policy such as tax cuts for the well off, is fuelling a boom for those at the top while all other families are confined to limited wage growth and increasing job uncertainty.

"The Government should immediately lift the minimum wage to $16 to bring it into line with the wage growth of those on the rich list or, better yet, adopt Green Party policy and set the minimum wage at 66% of the average wage,” said Mrs Turei.

The 2011 OECD report Divided we stand showed that the income gap had grown faster in New Zealand than any other OECD country.

"Each year the rich list highlights the inequality gap in New Zealand. But each year the Government does nothing to address this chronic problem," said Mrs Turei.

"It is time we got serious about developing policies that actually close the inequality gap rather than increase it.

“The Greens will be supporting David Clark’s Member’s Bill to lift the minimum wage to $15 an hour as an important step in the right direction.

"Massive income inequality and poverty is anathema to our concept of a fair and egalitarian society and needs to be addressed," said Mrs Turei.

ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

PARLIAMENT TODAY:

Harmful Digital Communication Bill Passes: Focus Must Be On Education

InternetNZ acknowledges the passage of the Harmful Digital Communications Bill into law this afternoon, and says that the sooner the education efforts at the heart of the legislation start, the better... More>>

ALSO:

3-Year Transport Plan: No Plans On Six Northland-Election Bridges

The Transport Authority’s decision to fund only four of the 10 bridges promised in National’s shameless Northland by-election bribe is a huge embarrassment for Transport Minister Simon Bridges, Labour’s Transport spokesperson Phil Twyford says. More>>

ALSO:

Gaza Blockade: Māori TV Crew Returning Safely From Israel

A Māori Television crew will be flown back from Israel after their boat was detained by the Israeli Navy while attempting to break the Gaza blockade. More>>

ALSO:

Family Violence: Increasing Reporting But Fewer Resolutions

“We are aware the Police have embarked on a significant programme of change in how they respond to family violence. The data suggests that adequate resourcing including investing in staff training, support and culture change will be required for this to be effective.” More>>

ALSO:

Health: NZ Children Still Suffer Rickets From Lack Of Vitamin D

Vitamin D deficiency continues to cause rickets in young New Zealanders, new University of Otago research has found. The researchers say that their finding suggests that at-risk mothers and children should be better targeted for Vitamin D supplementation. More>>

Also GPs, Housing, Milk: PM Press Conference On The UN Security Council

In a press conference today the Prime Minister discussed the upcoming appointment of New Zealand to chair the UN Security Council. He said they would put pressure Asad in Syria and attempt to “jump start” negotiations between Israel and Palestine. More>>

ALSO:

Housing: State Houses Could Sell To Overseas Groups

Bill English’s admission that he would sell hundreds of New Zealand’s state houses to the Australians is the latest lurch in the Government’s stumbling, half-baked housing policy, Labour’s housing spokesperson Phil Twyford says. More>>

ALSO:

AND:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news