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

 


Horan launches Save Our Seniors campaign

Horan launches Save Our Seniors campaign


The NZ Independent Coalition is launching a Save Our Seniors campaign, calling for fair incomes for seniors funded through implementation of a Financial Transaction Tax (FTT).

Brendan Horan MP, leader of the NZ Independent Coalition, says urgent and immediate action is required. Speaking in Parliament, he said “Although everyone wants to believe that all New Zealanders are guaranteed security in retirement and that the needs of seniors are well catered for, the reality could not be more different.”

Our seniors are expected to live on as little as $282/week. The reality is that the Govern-ment’s own research shows that for a married couple to have reasonable living, $56,000 pa is needed. Currently a married couple are expected to live on less than $33,000 pa.

What this National Government is doing to our seniors is inhumane. Words cannot convey the deep sense of tragedy when 85-year olds are driven to commit suicide.

Revenue can be found in a currently untaxed area of the New Zealand economy - financial transactions. The NZ Independent Coalition will look to implement a 0.1% Financial Transaction Tax, following the example of 11 European Union nations lead by France and Germany.


The volume of transactions through the banking and foreign exchange systems is enormous and currently untaxed. According to the Reserve Bank, New Zealand’s foreign exchange market handles an average of US$12.4 billion per day. On top of that over $25 billion a day of transactions are processed through the banking system. To put these eye-watering sums into perspective, that’s over $8,000 per New Zealander churned every day.

The NZ Independent Coalition is also looking to use FTT revenue to (1) remove GST on food (2) remove GST on medical costs and (3) support vet costs for seniors pets, recognising that our seniors’ quality of life is enhanced by their pets.

An FTT at the modest rate of 0.1% will result in revenue of around $9.5 billion for the people of New Zealand every year. After all, if the financial institutions make their money by clipping the ticket on every transaction, then so too should the Government.

Save Our Seniors!

NZ Independent Coalition: Safe Children, Safe Whanau, Safe Society
Respecting and serving New Zealanders

ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Gordon Campbell: On Bank Scandals (And Air Crashes)

Last month, the Australian Securities and Investment Commission (ASIC) filed proceedings against Westpac over activities that have some distinct echoes of the Libor scandal. More>>

Budget: Health Funding Must Keep Up With Need

NZNO: “The nursing team has been doing more with less for years. It’s getting to the point that we’re really worried about our colleagues, our patients, our jobs and the level of health care available for people in our country." More>>

ALSO:

Emissions Inventory: Time For The Government To Do The Right Thing

It’s time for the National Government to step up and do the right thing to reduce climate pollution as data shows New Zealand’s greenhouse gas emissions are higher than ever, the Green Party said today. More>>

ALSO:

Budget 2016: More Partnership Schools To Open

Seven new schools will join the eight Partnership Schools already open, along with further new schools opening in 2017. “The growth of this policy is a reflection of the high level of interest from educators and community leaders,” Mr Seymour says. More>>

ALSO:

No Correspondence With English: Did Brownlee Make Up Sale Of Navy Ships ‘On The Hoof?’

Having revealed that several Royal New Zealand Navy vessels have not left port in years, New Zealand First is now asking the Minister of Defence to prove he did not come up with the idea of selling HMNZS Taupo and Pukaki until the media asked him. More>>

Housing Plans: Labour- Abolish Auckland Urban Boundary
The Government should rule out any possibility of an urban growth boundary in Auckland Council’s Unitary Plan if it is serious about fixing the housing crisis. More>>
Greens - State House Solution
The Homes Not Cars policy allows Housing New Zealand to retain its dividend and, in addition, would refund its tax, to spend on the emergency building of around 450 new state houses. More>>

ALSO:

Houses And Taxes: Post-Cabinet, Pre-Budget Press Conference

The Prime Minister said that the pre-budget announcements showed that his Government is “investing in a growing economy”. He re-affirmed the National Government’s commitment to lowering personal tax rates but that any such change must fit with the fiscal reality of the time. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news