Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search


Greens' economic policy is no left turn

Alliance Party says Greens' economic policy is no left turn

Alliance Party Media Release-FOR IMMEDIATE RELEASE-Friday, October 24th, 2008

The Greens revealed their true colours this week when they revealed their economic policy, says Alliance list candidate Matthew Stephen.

"While we welcome the Greens adopting the Alliance's policies of a capital gains tax and a tax on international currency movements, we are concerned at how little the Greens are offering those at the bottom of the economic system."

The Greens say they will give everyone a tax cut. We say those on the highest incomes can afford to pay a bit more to help those with a fraction of their wealth. The Alliance would give a tax cut to the 67 percent of New Zealanders who earn under $41,000, while increasing taxes progressively on those on higher incomes. "We want to see New Zealand once again be a beacon of progress to the world in terms of social equality," says Mr Stephen. "We would use economic policy as part of a broader societal shift to an economy that serves the needs of the people."

The Green proposal to shift taxes from incomes to resource use will have a regressive impact on incomes and make New Zealand and even more highly unequal country. New Zealand is already one of the most unequal countries in the OECD, having a more unequal distribution of incomes than Australia, and even class-ridden Britain. "How much longer can we go down this path of increasing inequality, and expect the poor to suffer the burden of climate change?" says Mr Stephen.

Despite the Greens' commitment to improving the food New Zealanders eat, they have backed away from advocating the removal of GST from food, which would have been a quick and simple way to reduce the cost of fresh fruit and vegetables. Furthermore, taxes on resources as the Greens favour tend to have a regressive impact on income distribution. For example, raising the tax on petrol means someone earning minimum wage pays the same tax on that petrol as someone who earns millions each year. Mr Stephen says that only a democratic socialist government can manage the transition to a sustainable economy and spread the costs equitably over the population.

Mr Stephen ended with a call to Green Party members to show their commitment to progressive taxation: "Ultimately, this shows the superficiality of the Green commitment to social justice. Greens who want an egalitarian society founded on ecological rationalism will have to ask themselves whether they're in the right party."


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Government: Northland To Move To Orange, NZ Prepared For Omicron

Northland will move to Orange at 11:59pm tonight, 20 January 2022, while the rest of New Zealand will remain at Orange as the Government prepares for Omicron to enter the community.
“Vaccination rates have continued to increase in Northland and are now at 89 percent first dose. The easing of the Auckland boundary over summer did not drive an increase in cases so we believe it is safe for Northland...


Gordon Campbell: On Responding To The Need In Tonga

The power of the Tonga eruption (and the size of the aid response being mounted) have been sobering indications of the scale of this disaster. The financial impact is certain to exceed the damage done by Cyclone Harold two years ago, which was estimated at the time to cost $US111 million via its effects on crops, housing and tourism facilities. This time, the tsunami damage, volcanic ash, sulphur dioxide contamination and villager relocation expenses are likely to cost considerably more to meet...


Government: New Zealand Prepared To Send Support To Tonga

New Zealand is ready to assist Tonga in its recovery from Saturday night’s undersea eruption and tsunami, Foreign Affairs Minister Nanaia Mahuta and Defence Minister Peeni Henare said today... More>>

Ministry of Health: COVID-19 Immunisation Starts For 5 To 11-year-old Tāmariki

More than 120,000 doses of the child (paediatric) Pfizer vaccine have been delivered to over 500 vaccination sites around New Zealand as health providers prepare to start immunising 5 to 11-year-olds tamariki from today, 17 January... More>>

Crown: Duke Of York’s NZ Military Patronage Appointment Ends
Buckingham Palace has recently announced that, with the Queen's approval and agreement, the Duke of York’s military affiliations and Royal patronages have been returned to the Queen... More>>

Financial Services Federation: Open Letter To Government From Non-bank Lenders: The Path Forward On CCCFA Changes
Responsible lenders are not interested in telling the Government “I told you so” when it comes to unintended consequences of changes to lending laws that are now causing grief for everyday Kiwis seeking finance... More>>

CTU: Too Many Kiwi Workers Financially Vulnerable As Omicron Looms
With New Zealand on the precipice of an Omicron outbreak and the economic upheaval that comes with it, the CTU’s annual Mood of the Workforce Survey shows the vast majority of kiwi workers do not have the financial resources to survive a period of unemployment... More>>

Financial Advice NZ: Law Changes Locking Out Home Seekers, Urgent Meeting Sought With Government

Recent changes in consumer finance law on top of Government policy changes are locking many home seekers out of finance options they would have qualified for just six weeks ago, says Financial Advice New Zealand... More>>




InfoPages News Channels