While the return of a wealth tax in France and Germany seems unlikely, the reality is different at EU level, where supporters play up the climate argument.
New Zealand’s Greens have undoubtedly succeeded in some policy areas, including climate and housing quality. But the party continues to battle internal tensions between idealism and pragmatism.
You may feel little sympathy for people in the top bracket of earnings, but don’t let that stop you reading. Like it or not, their views and actions matter to everyone
Susan St John, University of Auckland, Waipapa Taumata Rau
Forget wealth or capital gains taxes, a straight tax on housing equity – exempting most homeowners – would be a simple and efficient way to break the circuit of inequality.
Jonathan Barrett, Te Herenga Waka — Victoria University of Wellington
New Zealand’s tax system might be in need of updating, but Revenue Minister David Parker’s new tax legislation is unnecessarily complicated at a time when we most need clarity.
The costs of high taxes on the rich are likely only to be moderate. But the democratic, environmental, and health benefits are truly enormous and could transform society and dramatically.
Lisa Marriott, Te Herenga Waka — Victoria University of Wellington
Heading into the 2023 election, politicians and commentators have said New Zealand’s tax needs to be fairer. But opinions on how to make the system fairer vary wildly.
Lisa Marriott, Te Herenga Waka — Victoria University of Wellington
A wealth tax has long been in the too hard basket for successive governments, but it’s time to take it out and properly debate the fairness of the current system.
The western media has been reporting on Xi Jingping’s supposed ideological turn on bringing prosperity to all of China’s people. But his rule has seen sustained and large tax cuts on the wealthy.
Afrofuturist’s work is rooted in the desire to transform the present for Black people. To do so, they imagine a reality in which Black people are the agents of their own story, countering histories that discount and dismiss them.
Rethinking capitalism requires that the primary focus should be on the distribution of economic power as the potential leading causal factor driving inequality.
Economists estimate the tax on households worth over $50 million could bring in $3 trillion over 10 years, but it will run into constitutional challenges.
We find low taxes on the rich bring economies little benefit. This suggests there is a strong economic case for raising taxes on the rich to help repair public finances following the pandemic.