Wealth tax needed

The Editor,  The Dominion Post,  Wellington


The world’s billionaires have increased their total wealth by hundreds of billions ($) during the pandemic while many people and businesses are losing income.  The work of French economist Thomas Piketty, author of “Capital in the 21st Century”, has shown that to reduce inequality requires taxing high wealth (assets).  This is now mainstream thinking.

“Shovel ready” now needs to be interpreted broadly to include a tax on wealth as well as projects which reduce our CO2 emissions.  More appropriately call them “future ready”.


Richard Keller

published 03/09/20

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s