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:"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]
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.