Labour needs to reconsider wealth tax

The announcement today that the Government has decided to cut funding to public services shows exactly why they need to tax wealth and big corporations.

“The Labour Government is constraining itself unnecessarily by refusing to change the tax system to raise revenue from the wealthiest few which can be used to support everyone in Aotearoa. The time is now for a wealth tax,” says Green Party finance spokesperson Julie Anne Genter.

“Aotearoa’s tax system that has been designed to favour the wealthiest few. The government’s own research shows that just 311 families own more wealth than the bottom two and half million New Zealanders.

“And yet they pay less than half the effective tax of the average New Zealander.

“Today’s decision will only constrain future Governments from being able to help every single person in Aotearoa.

“It doesn’t have to be like this. The money we need to make life better for everyone in NZ is already there. All that’s missing is the political courage to make it happen.

“The Green Party’s plan ensures the wealthiest few, and big corporations like the banks, pay their fair share through a wealth tax and corporate tax of 33%.

“This would guarantee everyone an income that covers life’s essentials; a warm, dry and affordable place to live that is powered by cheap, clean energy; and access to free dental care in communities where people and nature thrive.

“Labour can play the rule-in, rule-out game all they want. But politicians need to remember that it’s up to the people to decide what they want on the table after the election. When 63% of people polled say they support a wealth tax to pay for free dental care - together with lifting all whānau out of poverty - it’s time for politicians to listen up.

“With more Green MPs and Green Ministers sitting around the cabinet table, we can redesign the tax system to benefit everyone,” says Julie Anne Genter.

Latest Finance Announcements

Story

Trickle-down tax cuts while the planet and social contract burns

The Government’s bloody-minded commitment to delivering trickle-down tax cuts at all costs comes at the expense of investment in people and planet. 
Read More

Story

Minister of Finance reheats austerity politics

This morning’s pre-Budget speech from the Minister of Finance offered no “meaningful” news on the Government’s trickle-down economics based plans.
Read More

Story

Central Bank makes clear Government is pouring fuel on housing crisis fire

Today’s Financial Stability Report has once again highlighted that poverty and deep inequality are political choices - and this Government is choos...
Read More

Story

Cold climate cuts for Christmas

Once again, the National Party has shown a breathtaking willingness to say one thing during an election campaign and then do the exact opposite whe...
Read More

Story

State of books makes clear case for wealth tax

The case for a wealth tax has never been stronger.
Read More

Story

Crumbs from the property speculator’s table

High-income property speculators will be the biggest winners from a National Party tax plan that will send house prices and rents through the roof,...
Read More