Dave Armstrong on the Green’s wealth tax proposal hits the markPosted: July 8, 2020
The Editor, The Dominion Post, Wellington
Another on the mark observation from Dave Armstrong Tuesday, highlighted and not distracted, by his usual satirical brilliance. The reduction of inequality as an economic consequence of taxing high wealth (assets) has become mainstream knowledge today, especially from the work of French economist Thomas Piketty, author of Capital in the 21st Century.
The description of the Greens modest tax on wealth in excess of 1M$ as a ‘far-left’ policy is laughable. A wealth tax is so main stream today that to not adopt this tax indicates an intent to increase inequality. The adoption of that policy or not by Labour will be the main indicator of ‘who they are’ this election.