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Viewing entries tagged with 'tax'

Envy tax, says PM

Posted by Philip on 25 June 2014, 6:27 pm in , , , , , , , , ,

Labour's "alternative budget" today announced, "High earners will pay a tax rate of 36 percent on income over $150,000. Currently the top tax bracket is 33 percent for people earning over $77,000."

The Prime Minister John Key's surly response: "Envy tax." It's a response that epitomises this Government's entitled, ungenerous and irresponsible approach to the economy.

Key's response is typical of the neo-liberalism of conservative politics. It erodes community, rewards greed and treats money, not only like it's an infinite resource, but that it's an entitlement to have more money than others.

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