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

 


Risks due to income inequality in New Zealand

17 January 2014

Risks due to income inequality in New Zealand

New Zealand needs to take action on our growing inequality in light of the World Economic Forum’s 2014 report on global risk which identifies the chronic gap between the richest and poorest as the most likely cause of serious damage globally in the coming decade, said the Green Party today.

“We must fix income imbalances in New Zealand if we want to avoid the societal breakdown inequality can trigger,” said Green Party MP Jan Logie.

“Right wing economic policies have caused a massive increase in inequality in New Zealand. From the mid 1980s to the mid 2000s, the gap between the rich and the rest of us grew faster in New Zealand than in any other wealthy country.

“New Zealand had a proud history of being an egalitarian and relatively equal country. However that has changed and we now have big income gaps which are now acting as a barrier to most New Zealanders getting ahead.

“Inequality is an unnatural economic state. It is the result of politicians making choices that create imbalances that benefit a small number of wealthy people and hurt all the rest of.

“National is doing nothing to address income inequality in New Zealand. Their own forecasts show that despite predictions of strong economic growth wages are expected to rise by only one percent.

“The average New Zealand is not getting a fair return on improvements in the economy. The wealth is going to only a few, otherwise wage growth would be better.

“The Green Party will implement smart, compassionate economic and social policies that will make New Zealand a more equal country again.”

“We can take basic steps now like raising the minimum wage to $15 an hour, encourage more employers to adopt a living wage and introducing a capital gains tax so that those who earn their income from non-wage sources pay their fair share,” said Ms Logie.

World Economic Forum Report: http://www.weforum.org/reports/global-risks-2014-report

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Re-Entry: Why Has Pike Footage Been Hidden For So Long?

New footage of workers servicing a robot in the Pike River drift appears to show that going into the drift doesn’t pose the danger the Government and Solid Energy claimed, says Leader of the Opposition Andrew Little.

“The Government must immediately release all Pike footage and images, and explain why it has kept the public and the families in the dark for so long.” More>>

 

Recovery: Economic Impact Of Kaikōura Quake Revealed

The report details the impact on small businesses and tourism caused by disruptions to transport infrastructure and the economic impacts... The impact on New Zealand’s Gross Domestic Product (GDP) over the first 18 months following the earthquake has been estimated at $450-$500 million. More>>

ALSO:

Human Rights Commission: Urgent Need For Action On Seclusion And Restraint

Chief Human Rights Commissioner David Rutherford says that while the report makes for sobering reading, the focus should now be on how the recommendations can be used to reduce the occurrence of seclusion and restraint in New Zealand and, in circumstances where it is necessary, to improve practices. More>>

ALSO:

CORRECTIONS (March 2017):

SCHOOL SECLUSION ROOMS (2016):

$11bn Capital Spend, New Debt Target: Steven Joyce On Budget Priorities

First, delivering better public services for a growing country – providing all New Zealanders with the opportunity to lead successful independent lives... And finally, we remain committed to reducing the tax burden and in particular the impact of marginal tax rates on lower and middle income earners, when we have the room to do so. More>>

ALSO:

JustSpeak Report: Bail Changes To Blame For New Billion Dollar Prison

In 2013 criminal justice spending was falling and the Government was mulling over what to spend the money on. 3 years later there are 10,000 people in prison and a new billion dollar prison is announced. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news