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

 

PARLIAMENT TODAY:

Flyover Over: NZTA Not Appealing Flyover Decision

The NZ Transport Agency has decided not to appeal the High Court’s Basin Bridge decision, and says the High Court’s findings provide valuable clarity to help guide the development of future infrastructure projects throughout the country. More>>

ALSO:

Developing Crown Land: Government, Auckland Iwi Reach Agreement

The government has reached agreement with Ngati Whatua and other Auckland iwi over developing 500 hectares of excess land in Auckland for private housing which had been under High Court challenge. More>>

ALSO:

Gordon Campbell: On Maurice Williamson

Maurice Williamson seems to have been granted an annual licence to embarrass the National Party, and its that time of year again. Also as per usual, Williamson’s recent exercise in sexism and homophobia has passed by with barely a murmur from his leader. More>>

ALSO:

Green Climate Plan: Shaw Launches 40% Emission Cut Target

Green Party co-leader James Shaw has announced an emissions target initiative for 40% reduction by 2030. He said agriculture has to long been used as a reason for inaction, a roadblock to action... He proposed a tax of 8 cents per kilo of milk. More>>

ALSO:


Images & Video: Four Alternative Flags For Referendum

Flag Consideration Panel chair, Professor John Burrows, said the Panel’s decision had been guided first and foremost by the results of its engagement programme across a range of communities where thousands of Kiwis shared what was special about New Zealand, as well as the Panel’s own selection criteria. More>>

ALSO:

Transport Report: LGNZ Calls For Proactive Approach To Mobilise Regions

LGNZ has today released Mobilising the Regions, its major transport study, which highlights the economic and social impact of strategic transport decisions nationally and in the regions, and the direct link between regional development, national prosperity, social well-being and cohesiveness. More>>

ALSO:

Transport: New Rules Bring Double-Deckers To Our Cities

New rules that allow buses, including double-deckers, to carry more people will ramp up the public transport offering in our cities, Transport Minister Simon Bridges and Associate Transport Minister Craig Foss say. More>>

ALSO:

Cycling:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news