Will the rich get richer under Labour’s latest tax policy? Based on the analysis in reaction to yesterday’s announcement, the answer would seem to be yes. The consensus from commentators is that inequality and severe economic problems will remain unchanged or even be made worse by Labour’s new policy. Although the policy incorporates a small …
Inequality and poverty look to be the forgotten issues of the election campaign, with not much more than lip-service being paid to them on the campaign trail. Yet decisions are currently being made that appear to be fuelling a greater gap between rich and poor. Newsroom’s Bernard Hickey has tweeted this week to sum up …
Millionaires and billionaires can step up today and start making proper contributions to improving the world. They do not need to wait for governments to act. A group of 83 wealthy people calling themselves “Millionaires for Humanity” earlier this week released an open letter calling on governments to raise taxes on people like them “Immediately. …
Hearing the Prime Minister castigate the Warehouse for laying off 1,000 workers after receiving $52 million in wage subsidies reminds me of the fabled frog who agreed to carry a scorpion across a river. The scorpion stings the frog halfway across, dooming both to drown. The frog cries “Why on earth did you do that?” …
What is the Government thinking ? The Herald on Sunday reported that a $371 million government contract for the electrification of the Papakura to Pukekohe rail line was awarded to overseas companies, said to be a joint bid from Chinese-owned firm John Holland and South-African-owned McConnell Dowell. Construction companies Fletcher and Downer, which were originally …
How radical or transformative is Grant Robertson’s 2020 Budget? Opinions are divided over this week’s landmark economic package. Some are viewing the big spend as a return to traditional Labour – or even socialist – politics, while others see it as “business as usual”, albeit on a grander scale. Seeing red Leftwing political commentator Chris …
In ancient Rome, a victorious general would parade through the city to the temple of Jupiter in a gilded chariot amidst a frenzy of adoration. But to keep the triumphant commander tethered to reality, the trusted slave holding a laurel wreath above his head would whisper repeatedly in his ear: “Memento mori” — “Remember you are …
Never let a crisis go to waste, the cliché goes. Which is why, given predictions of a serous economic slump, some of prime minister Jacinda Ardern’s stalwart supporters are urging her to remake the economy for the better. But those hoping that the PM will embark upon a Hugo Chavez-style rejection of the neoliberal paradigm …
As is often the case with crises, the coronavirus pandemic has been a boon for New Zealand’s political leadership. Jacinda Ardern’s decisive and effective health response to the virus has garnered both New Zealand and herself adoring headlines around the world, particularly in countries starving for basic governmental competence. New Zealand’s exceptional handling of the …
When New Zealand holds its post-virus general election later this year, the country will go through a fiercely ideological debate about economics and resources. On 19 September, New Zealanders are scheduled to go to the polls. By then, the country is likely to have eliminated Covid-19, providing an enormous boost for Jacinda Ardern’s government, which is blitzing the …