I stumbled across this nonsense over at Socialist Aotearoa; the same old tired slogans from the student union movement are of course today’s mantra for the grown-up ex-student flunkys who now work in the state sector or for the “real world” unions. The only thing that’s changed is the number of wrinkles and the method of extracting funds from unwitting citizens.
“take the battle to Key and Hide”
“massive attacks on our rights and conditions as NAT-ACT implement the Shock Doctrine”
“JOIN THE FIGHTBACK.” [Emphasis NOT mine]
I passed Socialist Aotearoa by thinking its just the extremists talking, the moderate left surely have grown up a bit, or at least invented some new tactics, but alas… see The Standard’s latest offering in Nats step to the right with ACT, particularly check out this propaganda-pearler:
Flatter tax. That means any future tax cuts will go exclusively to the wealthy. Most people will get nothing. [Emphasis mine]
Really? Setting aside the fact that tax cuts to the top earners still potentially benefit everyone (as in let’s pretend they do not) lets take a look at the confidence and supply agreement between National and ACT:
… National and ACT note that United Future favours reducing and aligning personal, trust and company taxes at a maximum rate of 30%. They agree that such a tax structure is a desirable medium-term goal.
Yes there is stuff in the agreement about long term goals but the only thing all the parties are agreeing on right now is to aim for a maximum rate of 30%.
So now, lets take a look at the individual income tax rates:
Ok, so that’s a crap picture but if you squint or go here, you will see that reducing the individual tax rate to 30% will impact everyone who earns more than $40,001 per year.
So according to The Standard, if you earn $40k + $1 you are wealthy. What planet do they live on that makes them think $40k is wealthy? Try living in a main centre with a family on that income, you might be able to get by if you are frugal but there is no way you could be called wealthy.
I suppose if you are a single, state-servant and can tap into state sector fringe benefits $40k might keep you in chardonnay.