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


Just Another Neo-Liberal Failure

Press Release

MANA Vice President John Minto

2012 Budget

Just Another Neo-Liberal Failure

Wednesday 23rd May

“With 160,000 people unemployed, another 107,000 who can’t get enough work, half a million on less than $16 an hour, hundreds of thousands of kids and their families living in poverty while the 1% live high on the hog, we should be expecting big things from the budget” says MANA Vice President John Minto.

“But the government’s carefully managed zero-budget spin is a sad commentary that neo-liberal economics still holds sway over New Zealand’s economy. Sadder still is that Labour has no coherent alternative on offer and has muzzled David Cunliffe’s sensible criticism of the policies Labour still follows”.

“Mana can provide a human alternative which draws on sensible policies followed by other countries we like to compare ourselves with”.

“What should New Zealand be doing?

1. Put spending power in the hands of those on the lowest incomes by eliminating GST and replacing it with a financial transactions tax. The poorest 10% of New Zealanders spent 14% of their income on GST while the richest 10% spend just 5%. This would provide a huge stimulus to growth and get the economy moving. It would have the additional advantages of reducing speculation in the New Zealand dollar which would in turn reduce its value and bring in more income for our exports. (European Union countries like France and Germany are examining the FTT).

2. We should reverse National’s $2 billion of tax cuts to wealthy New Zealanders on high incomes. We would move immediately to the Australian highest tax rate of 45c (New Zealand is on 33c) and reduce tax altogether for the first $27,000 of earnings for everyone. (The Gillard government in Australia has just set this at A$18,000 which the exchange rate would bring close to Mana’s policy).

3. A proper capital gains tax (where all personal income irrespective of its source is taxed at the personal tax rate) and an inheritance tax would bring in further income. Even the US and UK have these taxes.

4. Starting a job creation programmes by building 20,000 state houses in the next two years. This would provide a huge stimulus to the economy as well as creating jobs and reducing unemployment. It should be done by a state agency and used as the opportunity to provide training in skills for the next generation of young New Zealanders. This policy should be seen as a social and economic investment rather than as an expense because the tenants will pay off these houses through state rentals.

These are common sense proposals rather than radical. A generation ago these would have been mainstream polices to build a decent New Zealand. We can’t go back to the past but we can bring forward the values of previous generations which the rich pricks want us to forget”.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Virtues (and Fluffed Opportunities) Of The Operation Burnham Report

One unspoken rule of thumb in any official public inquiry is : whatever you do, don’t conclude you were made to listen to “a litany of lies” even if the evidence of a deliberate cover-up is right there under your nose. In that respect, the report into the 2010 Operation Burnham military raid in Afghanistan has been a model of decorum. Bad stuff did happen and has been duly noted and lamented - but only as a lapse and departure from usual professional standards. Normal service can be trusted to resume shortly... More>>


Office Of The Speaker: Parliament Is Revamping Its Rules

Today, the Standing Orders Committee’s report on the review of Standing Orders was presented to the House. The Speaker of the House, the Rt Hon Trevor Mallard, chairs the committee. He said today that the 2020 review will make our rules more ... More>>

Environment: Govt Progress On Climate Change Essential, Risk Assessment Shows

The release of the National Climate Change Risk Assessment shows that the progress this Government has made to solve the climate crisis is essential to creating cleaner and safer communities across New Zealand. “Because of this report, we can see clearer ... More>>

Economy: Investing In The Tourism Sector’s Recovery

More than $300 million in funding has been approved to protect strategic tourism businesses, drive domestic tourism through regional events and lift digital capability in the tourism industry, Tourism Minister Kelvin Davis announced today. A $400 million ... More>>


National On MP Bill: Waka-Jumping Repeal Bill Passes First Reading

The Electoral (Integrity Repeal) Amendment Bill has passed its first reading, marking one step closer to Parliament getting rid of NZ First’s ‘waka-jumping’ legislation, National List MP David Carter says. “I’d like to thank the Greens for voting ... More>>


Covid-19:Legislation For Managed Isolation Payments Introduced

Hon Dr Megan Woods Minister of Housing Legislation to allow the Government to recover some of the costs for managed isolation and quarantine will be introduced to Parliament today, said Minister of Housing Megan Woods. “The Bill will allow the government ... More>>


Your Vote 2020: Bringing Election Coverage To Viewers Across TVNZ Channels And Platforms

As New Zealand gets ready to head to the ballot box this September, 1 NEWS is bringing voters comprehensive coverage and analysis of this year’s General Election. TVNZ’s coverage will draw on the depth of experience held across the 1 NEWS team, says Graeme ... More>>

Economy: 30% Believe Households Worse Off, 298,000 Expect To Lose Jobs

64% of New Zealanders feel the economic position of their households is the same or better than a year ago – and 30% think it is worse or much worse, while 298,000 think they will lose their jobs in the next 12 months. Households’ perceptions ... More>>

State Services Commission: Findings Of Investigation Into COVID-19 Active Cases Privacy Breach

Deputy State Services Commissioner Helene Quilter has today announced the findings of an investigation into a breach of privacy regarding sensitive personal information. The investigation looked into who or what caused the disclosure of the information, ... More>>

International Security: New Zealand Suspends Extradition Treaty With Hong Kong

The New Zealand Government has suspended its extradition treaty with Hong Kong and made a number of other changes in light of China’s decision to pass a national security law for Hong Kong, Foreign Affairs Minister Winston Peters says. More>>


Energy: 100% Renewable Electricity Grid Explored With Pumped Storage ‘battery’

The Government is taking a significant step toward its goal for 100% renewable electricity generation in a move that could be a game changer for consumers and the creation of a low-emissions economy, Energy & Resources Minister Megan Woods said. ... More>>






InfoPages News Channels