New year, new chance to turn the inequality tide

This year is our chance to turn the tide on growing inequality in New Zealand with a change of government, the Green Party said today.

A report released this afternoon by Oxfam outlines the growing inequality gap around the world, and coincides with the World Economic Forum annual meeting in Davos. Oxfam New Zealand has released analysis of this afternoon’s report that shows two New Zealanders have more wealth than the poorest 30 per cent of the adult population.

“This National Government remains relaxed about tax avoidance by those with the means to get away with it, while more and more New Zealanders struggle to put food on the table and a roof over their heads,” said Green Party Co-leader James Shaw.

“An obvious immediate solution to this growing inequality would be to more fairly tax wealth, rather than income, and use the revenue to better fund health, education and housing.  

“The Green Party in government will push for a comprehensive capital gains tax (excluding the family home), to ensure everyone is paying their fair share, and to discourage the kind of housing speculation that has led to many Kiwis being priced out of home ownership.

“The tax system that we currently have in New Zealand is moving us further and further away from each other. It is stopping us from being able to work together for a better society.

“Instead of trying to explain away this data with elaborate excuses, Bill English and Steven Joyce should focus on creating the inclusive society that New Zealanders want to live in.

“New Zealand can, and should, be a place where everyone gets the chances they need to succeed, and where we are all able to work together to create a great country.

“Inequality stalls growth, pits us against each other and devalues the hard work of many New Zealanders.

“A more divided and unequal society is not good for any of us,” said Mr Shaw. 

Latest Finance Announcements

Story

Report shows urgent need to fix wealth inequality

A new report out today provides all evidence the Government needs to start addressing runaway inequality and rebalance Aotearoa to work for everyone.
Read More

Story

It’s important to know your KiwiSaver history, Mr. Luxon

What the Government should now do is reverse the cuts the National Party Government made to KiwiSaver incentives, the Green Party says.
Read More

Story

Bold solutions needed to ease inflation pressures

Action is needed to address the inequality crisis and support New Zealanders on the lowest incomes, the Green Party says.
Read More

Story

Inquiry into COVID-19 economic response necessary

The Green Party is again calling on the Government to review the economic response to COVID-19, as the Reserve Bank of New Zealand puts up the Offi...
Read More

Story

Budget 2022: James Shaw Budget Speech

Mr Speaker, It has taken four-and-a-half years to even start to turn the legacy of inaction and neglect from the last time they were in Government ...
Read More

Story

Rising household costs hurting low-income people

The Green Party says the Government needs to do more for those on the lowest incomes as inflation outpaces wage and benefit increases.
Read More