Politics 🗳️ NZ Politics

[MrFrankWhite]

I don't know where you think I said stolen from the rich.

by the rich

I'm saying once civilization has been established there are rich, middle and poor. All on different scales. When you're at the bottom of the pile, it's hard to leave. It's not like a smart educated person who goes bankrupt. We're talking either generations of family violence, or trauma or uneducated.

But you are completely ignoring that the same wealth creation happened during the establishment of civilisation and just glossing over it. How did poor people get rich when there was no rich people?

If you go to a South Auckland high school. You'll see how they are disadvantaged. A example and yes it's anecdotal, is a year 13 student got a free scholarship to polytech. But it was far away and they would need to bus. They declined it because it was too difficult and they needed to get a job to support the family.

So? people used to cross continents to uncover wealth. Read any contemporary gold miners stories. Incredible hardship. You expect my heart to bleed about a student having to catch a bus or work?

 

[miket12]

Wealth tax would be a great start. Getting back democracy from the oligarchs and corporate backers another.

Greens Party economics 101.

In May 2025, the Greens released an alternative budget which included stating that their proposed tax changes, including the wealth tax, would raise the government's tax revenue to approximately $200 billion PA. This included, again from their alternative budget, raising $72 billion over four years from it's proposed wealth tax... an average of $18 billion each year from that wealth tax. That means that 9% of the annual tax revenue would come directly from the wealth tax.

But there's a huge problem with their projections. Norway is the only country where the wealth tax is national (Spanish regions can alter their wealth tax such as Madrid and Andalusia which off a 100% effectively meaning there is no wealth tax there and Switzerland's is regional). So, off all the countries in the OECD, Norway is the only country to have a fully nationalised wealth tax. The wealth tax is set at a much lower threshold than that proposed by the Greens and at a higher percentage. Yet, their wealth tax only generates 1.5% of their total tax revenue.

So how, the NZ Greens expect to be able to raise four times the amount of tax with higher thresholds and lower tax rates.

Sorry, but it doesn't add up.

Green Budget proposes $22b wealth and private jet taxes

The Green Party says its would raise $88 billion in taxes over four years to expand public services and reduce poverty if able to lead a government

www.interest.co.nz

 

[Damo]

Greens Party economics 101.

In May 2025, the Greens released an alternative budget which included stating that their proposed tax changes, including the wealth tax, would raise the government's tax revenue to approximately $200 billion PA. This included, again from their alternative budget, raising $72 billion over four years from it's proposed wealth tax... an average of $18 billion each year from that wealth tax. That means that 9% of the annual tax revenue would come directly from the wealth tax.

But there's a huge problem with their projections. Norway is the only country where the wealth tax is national (Spanish regions can alter their wealth tax such as Madrid and Andalusia which off a 100% effectively meaning there is no wealth tax there and Switzerland's is regional). So, off all the countries in the OECD, Norway is the only country to have a fully nationalised wealth tax. The wealth tax is set at a much lower threshold than that proposed by the Greens and at a higher percentage. Yet, their wealth tax only generates 1.5% of their total tax revenue.

So how, the NZ Greens expect to be able to raise four times the amount of tax with higher thresholds and lower tax rates.

Sorry, but it doesn't add up.

Green Budget proposes $22b wealth and private jet taxes

The Green Party says its would raise $88 billion in taxes over four years to expand public services and reduce poverty if able to lead a government

www.interest.co.nz

This will never get across with any coalition partners so not worth worrying about imo.

 

[miket12]

This will never get across with any coalition partners so not worth worrying about imo.

And I didn't think that National would be stupid enough to give tax breaks to Tabacco companies.... then came the coalition agreement.... then came the tax breaks.

Miket's observations... politicians from all sides lie and would sell their mothers to get into power.... even if it meant making a wealth tax.

My vote goes to whoever I think is lying the least and would do what's best, not for me, but for the country.

 

[FormerlyJamesW]

Miket's observations... politicians from all side lie and would sell their mothers to get into power.... even if it meant making a wealth tax.

Preach.

We need to question politicians more, not ridicule each other.

 

[Damo]

And I didn't think that National would be stupid enough to give tax breaks to Tabacco companies.... then came the coalition agreement.... then came the tax breaks.

Miket's observations... politicians from all sides lie and would sell their mothers to get into power.... even if it meant making a wealth tax.

My vote goes to whoever I think is lying the least and would do what's best, not for me, but for the country.

Fair cop. I just think this particular Greens policy would be political suicide and surely won't be taken on by the majority coalition partner.. but do see your point!