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

 

Also, Loan Interest: Productivity Commission On Tertiary Education

Key recommendations include better quality control; making it easier for students to transfer between courses; abolishing University Entrance; enabling tertiary institutions to own and control their assets; making it easier for new providers to enter the system; and facilitating more and faster innovation by tertiary education providers... More>>

ALSO:

Higher Payments: Wellington Regional Council Becomes A Living Wage Employer

Councillor Sue Kedgley said she was delighted that the Wellington Regional Council unanimously adopted her motion to become a Living Wage employer, making it the first regional council in New Zealand to do so. More>>

ALSO:

Scoop Images:
Dame Patsy Reddy Sworn In As Governor-General

This morning Dame Patsy Reddy was sworn in as the New Zealand Realm’s 21st Governor-General. The ceremony began with a pōwhiri to welcome Dame Patsy and her husband Sir David Gascoigne to Parliament. More>>

ALSO:

Ruataniwha: DOC, Hawke's Bay Council Developer Take Supreme Court Appeal

The Department of Conservation and Hawke's Bay Regional Investment Company (HBRIC) are appealing to the Supreme Court over a conservation land swap which the Court of Appeal halted. More>>

ALSO:

With NZ's Marama Davidson: Women’s Flotilla Leaves Sicily – Heading For Gaza

Women representing 13 countries spanning five continents began their journey yesterday on Zaytouna-Oliva to the shores of Gaza, which has been under blockade since 2007. On board are a Nobel Peace Laureate, three parliamentarians, a decorated US diplomat, journalists, an Olympic athlete, and a physician. A list of the women with their background can be found here. More>>

Gordon Campbell: On The Key Style Of Crisis Management

At Monday’s post Cabinet press conference Key was in his finest wide- eyed “Problem? What problem?” mode. No, there wasn’t really a problem that top MPI officials had been at odds with each other over the meaning of the fisheries policy and how that policy should be pursued... More>>

ALSO:

Mt Roskill: Greens Will Not Stand In Likely Post-Goff By-Election

“The Green Party’s priority is changing the Government in 2017, and as part of that we’ve decided that we won’t stand a candidate in the probable Mt Roskill by-election... This decision shows the Memorandum of Understanding between Labour and the Green Party is working." More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news