Aotearoa has a problem: the rich don't pay their fair share. They benefit from our society: the state protects their wealth and provides peaceful conditions allowing them to carry on business without fear. And yet they refuse to pay for it. Meanwhile, their cartels suck the money out of ordinary New Zealanders, so they can spend it on bigger and bigger houses, bigger and bigger yachts, helicopters, and so on.
Its time we made them pay their fair share. And over the weekend, the Greens put up their election year tax policy, which will make them do it. A wealth tax, targeted at the super-rich, which will finally bring them into the tax system. A new top income tax rate, for those earning top incomes. A capital acquisitions tax, targeting gifts and inheritances over $1 million, to limit intergenerational accumulation and tax-dodging. A higher corporate tax rate for big companies. A bank-levy, targeting our biggest cartel parasites, Aussie banks. Stopping foreign tech companies from dodging New Zealand taxes by pretending the profits happen elsewhere. And reversing Luxon's landlord and property speculator tax cuts.
These are not radical socialist policies. They are all perfectly normal overseas. But the rich have bought so much power in our society since 1984 that they've been able to gaslight us into thinking that the normal is abnormal, that other countries don't have wealth taxes, inheritance taxes, more progressive income taxes, restrictions on tax cheating. And they've been able to do that, in part, because they can use their money to buy politicians and media outlets, steering our society in their preferred direction, despite huge public support for taxing them.
Taxing the rich and limiting their ability to accumulate and weaponise their wealth is a necessary thing for the preservation of our society. And the best bit is that it won't affect the vast majority of New Zealanders. Only a tiny proportion of people - the Chris Luxons of this world - have more than $10 million. Only a tiny proportion of people inherit or are given more than $1 million. Only a tiny proportion (which includes every MP) "earn" more than $160,000. None of that affects us. Instead, what we get in practice from this policy is a reduction in inequality, a restriction on the power of the rich, better-funded public services, and a tax cut! Because most of us will end up better off, thanks to a shift in the tax burden from the poor to the rich. Which is perfectly sensible the moment you think about it. There's no point taxing people who don't have any money. Instead you go after the people who do have it, the bloated accumulators who have sucked all the wealth out of our society into their own pockets.
Sadly, Chris Hipkins - a man paid $305,900 a year plus slush, who rorted his parliamentary superannuation scheme into buying his holiday home and then said "it's my money" - is saying that none of this will happen if he's in charge. Voters should take that as a challenge: if we want these policies, we have to vote for them. We need to put the Greens in a position where they can force this policy on Labour. Otherwise, nothing will change, and the rich will just keep on leaching and looting us.
