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

Werewolf Issue #49: Gordon Campbell Interviews Laila Harre

For 25 years, Labour and National have been in virtual agreement about the basics of economic policy, and differed mainly on how to go about managing its social consequences.

Such is the power of the economic orthodoxy that when opposition parties arise – say, in the shape of the Greens – their “credibility” is measured by the extent to which they give the appearance of learning and abiding by the ruling consensus.

The tension between the desire for change – and the inability of the current political framework to deliver it – creates openings for populists of all stripes. It is what has made the emergence of Internet Mana so interesting. More>>

 

Parliament Today:

Gordon Campbell: On National’s Electorate Deals

For all the talk yesterday from Prime Minister John Key about National being transparent about its electorate deals in Epsom and Ohariu, that transparency is entirely front-loaded. More>>

ALSO:

Greens: Oil Drilling Face-Off With Labour

The key policy points in the Green Party’s plan to protect our beaches from oil spills are to:
1. Prohibit deep sea oil drilling; 2. Implement compulsory shipping lanes for coastal shipping; 3. Build Maritime New Zealand’s oil spill response capability; and 4. Introduce a stronger legal framework so that when accidents do happen, the New Zealand taxpayer does not have to pay for the clean-up. More>>

ALSO:


Nick Smith v Fish & Game:

Minister Told Of FBI Investigation, Says INZ: Coleman Must Quit Or Be Sacked Over Dotcom Case - Harré

Immigration New Zealand has done the right thing in distancing itself from Jonathan Coleman’s claims that ministers were not aware of FBI involvement in Kim Dotcom’s residency application, says the Internet Party. More>>

ALSO:

Valedictory Season: Maori Party Founders Say Goodbye

Two major Maori MPs gave there farewell speeches to Parliament Thursday outlining their history, experiences, triumphs and regrets. More>>

ALSO:

Resignation Not Accepted: Transport Minister Breaches Aviation Security Rules

"Running late for a plane at Christchurch Airport, I without thought breached airport and airline security rules by entering the gate lounge through a door usually used for exit only..." More>>

ALSO:

TAIC Report: Urgent Recommendations After Melling Rail Accident

The Transport Accident Investigation Commission has made four urgent recommendations to KiwiRail following the accident two months ago (27 May) when a Matangi passenger train collided with a stop block at Melling Station, Lower Hutt. More>>

ALSO:

Red Tape: Local Regulations Go Under Microscope

The Government says it is accepting nearly all of the recommendations the Productivity Commission has made on ways to improve local regulations. More>>

ALSO:

Spending Questions: Claudette Hauiti To Step Aside At Election

National Party President Peter Goodfellow confirms that he has received notification from List MP Claudette Hauiti that she plans to step aside at the 20 September election. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news