Mana Says It's Time For A New Economic Direction

"When the IMF says the global economy is broken then it's time we fixed it" said MANA leader Hone Harawira.

Mr Harawira said that the kinds of measures followed by successive NZ governments, and being proposed by both Labour and National in 2011, simply don't and won't work, and that the IMF announcement of the planet going into deeper economic troubles should be heeded.

"John Key's vacant optimism that things are going to get magically better if we simply flog off our assets is no longer credible, in light of the IMF warning" said Harawira. "In fact, National's proposed free-market strategies were what had crashed the global economy in 2008."

Harawira said that MANA's proposed Hone Heke Tax was the only way to increase the country's tax revenue base, clear the overseas debt and begin to rebuild our economy.

“It's not rocket science. It's a simple philosophy based on everyone paying

1% on all their financial transactions. On current figures we would be able to double our tax revenue base, clear our overseas debt, abolish GST, and have money left over to rebuild the core services like housing, education and health.

"John Key doesn't like it because it means his rich mates have to pay. Phil Goff doesn't like it because he's scared of his own shadow. But, if it's

such a bad idea, how come France and Germany have just announced that they intend introducing a similar tax regime?

"NZ led the world out of the great depression of the 1930's with a focus on full employment, free health and education, and a safety net for the truly needy.

"We can lead the world out of this current crisis as well. All we need is courage, commitment ... and a little bit of Hone Heke ... "

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