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Dave Armstrong on the Green’s wealth tax proposal hits the mark

The Editor,  The Dominion Post,  Wellington

02/07/2020

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.

Sincerely,

Richard Keller

 


3 Comments on “Dave Armstrong on the Green’s wealth tax proposal hits the mark”

  1. Paul Bruce says:

    Spot on.

    Regards Paul

  2. mihail horvat says:

    Rubbish because: 1. NZ $1million is not that much now – all of AKL houses are at that level now / will be soon. 2. This is an Envy tax on anybody who works and saves. 3.Inequality will always exists because people are not equal and never will be So, forget the b/s about taxing everybody to get some mythical “equality”.
    4. The Soviet Union tried a form of “equality” by confiscating farms and turning them into collectives = millions died from lack of food. Yeah right, you useless dreamers and lazy , envious bums , living on the dole


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