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

Letter to PM Arden on the P-8A warplane

17 October, 2018

Jacinda Ardern,  Prime Minister

Parliament Buildings,  Wellington

Hello Ms Ardern:

Spending an extra $1B+ on a warplane (Boeing P-8A) while claiming there is not enough money for necessary pay increases for nurses and teachers, to name but two, is not a good look for a Labour government.  Read the rest of this entry »

Rash of post office closures a neo-liberal move

The Editor,  The Dominion Post,  Wellington

31 March, 2018

Dear Editor:

The growth in post office closures is a failure of public policy but a neo-liberal success. Read the rest of this entry »

Will the Labour led government ask for an independent inquiry into the SAS in Bamyan Province?

The Editor,  The Dominion Post,  Wellington

7 March, 2018

Dear Editor:

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