To narrow the gap between
rich and poor we need to change the money system, according
to the New Economics Party candidate for Wellington
Central.
"If children are going hungry and poverty is
increasing then it is time to consider that there might be
something structurally wrong. There it is – it’s the way
we create money. It is created every time a bank makes a
loan and they create the principle but not the interest.
There isn't enough money in the system for everyone to pay
off their debts at the same time."
"Each round someone
loses. The ones that miss out have to go to the bank for
another loan. There are always winners and losers so we
won't close the gap until we change the money
system."
"The system is dog eat dog and the poor end up
net borrowers while the rich are net lenders," he
said.
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