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:

Mt Eden Prison: Serco Inquiry Extended

A two month delay to the Government investigation into prison fight clubs shows the extent of problems within the Serco circus, says Labour’s Corrections spokesperson Kelvin Davis. More>>

ALSO:

Health And Safety: Late Addition Of National Security Provisions A Concern

The New Zealand Law Society has expressed its significant concerns at the last-minute addition to the Health and Safety Reform Bill of provisions for a closed material procedure for court proceedings where national security is involved. More>>

ALSO:

Rugby And Beer: World Cup Alcohol Bill Passes

ACT MP David Seymour’s Sale and Supply of Alcohol (Extended licensing hours during Rugby World Cup) Bill completed its third reading by 99 to 21... More>>

ALSO:

Gordon Campbell: On The Flag Campaign

So far, the public has treated the government’s flag campaign with something between disinterest and disdain. Most New Zealanders have instinctively seen through the marketing hype involved. More>>

Change For 2017: Local Govt To Decide On Easter Sunday Trading

The Government is to enable local communities, through councils, to decide whether retailers can open on Easter Sunday, Workplace Relations and Safety Minister Michael Woodhouse announced. More>>

ALSO:

(And Targets Worse Than Australia's): Foresters Abandoning Emissions Trading Scheme

The Government’s gutting of the Emissions Trading Scheme has caused foresters to leave and emissions to rise, says Labour’s Climate Change spokesperson Megan Woods. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news