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

 

New Research: Most Homeless People Working Or Studying

“The cost of housing has been rising without corresponding increases in income, whilst the number of state houses per capita has been in decline. Many low-income people are missing out on housing, whether we recognise them as ‘homeless’ or not. More>>

ALSO:

Post-Traynor: New Offender Info Sharing Plan

“This Bill delivers on that step-change by moving away from name-based records held by individual agencies to a shared, anchor identity based on unalterable information, such as fingerprints and facial recognition. It also gives agencies access to the drivers’ licence photo database and birth, death and marriages information." More>>

  • NZ Law Foundation - New $2M fund for research on information challenges
  • Littoral: New Ship To Deliver Enhanced Naval Capability

    Defence Minister Gerry Brownlee says the Government has approved a Ministry of Defence and New Zealand Defence Force recommendation to request tenders for a new naval ship to support littoral operations. More>>

    July:

    After King's Labour Snub: Māori Party And Kiingitanga To Work Together

    Māori Party Co-leaders Te Ururoa Flavell and Marama Fox met with Kiingitanga representatives in Wellington yesterday to discuss working together on key issues for the betterment of Māori. More>>

    ALSO:

    Waitangi Claim On Rehabilitation: The 'Justus' System For Māori Not Good Enough

    Closing statements at the Waitangi Tribunal case against Corrections called for immediate steps and a comprehensive review to address the high rate of Māori reoffending. More>>

    ALSO:

    Advice: PM Sets Rules For Ministers' Treatment Of Public Servants

    Prime Minister John Key has laid down the law about the way ministers and public servants should interact, saying ministers may not always like the advice they receive, but they must listen to it carefully, respectfully and professionally. More>>

    Gordon Campbell: On The Funding Changes In Special Needs Education, And Uber

    The plan to strip out the educational support for older “special needs” children in order to meet the existing shortfall in funding for special needs in early childhood education is so miserly and relentlessly stupid as to defy belief… More>>

    SPECIAL EDUCATION (& More):

    Online Learning Plans:

    Post Cab Presser: Inquiries And Consciences

    This afternoon the Prime Minister John Key announced that his cabinet had drafted terms of reference for the Havelock North water contamination inquiry... In response to questions on the Shop Trading Hours Amendment Bill, the Prime Minister said he didn't think allowing National MPs a conscience vote was warranted. More>>

    ALSO:

    Get More From Scoop

     

    LATEST HEADLINES

     
     
     
     
     
     
     
     
     
    Parliament
    Search Scoop  
     
     
    Powered by Vodafone
    NZ independent news