Labour needs a wealth tax

The Editor,  The Dominion Post,  Wellington


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.  The Greens proposed tax on wealth in excess of 1M$ is a modest attempt to take advantage of this new realization.  There is still work to be done to determine what $$ thresholds should apply.

The description of this modest tax as a ‘far-left’ policy is laughable, but also provides a chance to look at an important indicator of “who we are” here in Aotearoa New Zealand.  A wealth tax is so main stream today that not to adopt this kind of tax indicates intent to increase inequality.  Is Labour still intending to characterize its government as ‘well-being’?  The adoption or not of some form of a wealth tax will be the main indicator of ‘who they are’ this election.


Richard Keller

published Mon, 13/07

Shane Jones and New Zealand First are not ‘transformative’

The Editor,  The Herald,  Auckland
07 October, 2019

Dear Editor:

So Shane Jones tries to hijack the so-called ‘transformative’ label of the current government with his Northland port proposal just after the climate strike success has laid out the most important transformative requirement for the government, in fact for our nation and our culture. Read the rest of this entry »

Former PM’s declaration on Afghanistan no longer believeable

The Editor,  The Dominion Post,  Wellington

14 February, 2018

Dear Editor:

The cultural changes required to contain the worst of climate disruption and the threat of nuclear weapons are fundamental and terrifying to people of most political persuasions.   National won the last election (a continuing 44% vote) primarily because it has been so persistent in doing nothing significant about climate change, thus blunting that terror.  Read the rest of this entry »

The new Labour Government and North Korea / Trump-Land

The Editor,  The Dominion Post,  Wellington

20 November, 2017

Dear Editor:

It is shocking, if not surprizing, that the new Labour government has indicated they might participate in a military option against North Korea while talking gingerly around the issue. Read the rest of this entry »