The Alliance Party is supporting a new campaign to introduce a tax on banks and finance institutions that is creating waves in the UK.
The new campaign is called the “Robin Hood Tax” and proposes a financial transactions tax that is about “turning a crisis for bankers into an opportunity for the world.”
Alliance Party spokesperson Victor Billot says the Alliance is advocating a Financial Transactions Tax for New Zealand that is basically the same as the Robin Hood tax.
A Financial Transactions Tax would be charged on all withdrawals or purchases at a rate of 0.02 % or 2 cents per $100. This would have no impact on ordinary people but only on large financial transactions.
The Financial Transactions Tax or “Robin Hood tax” could contribute towards the phasing out of GST, a regressive tax that hits ordinary people hard.
Mr Billot says the Robin Hood tax is the way ahead, not John Key’s proposed increase in GST which is about “robbin’ the people.”
He says that it’s not surprising given John Key’s background in the corporate finance sector in the UK, which played a major role in the global economic crisis, that he prefers taxes to be paid by the majority while letting a small minority dodge their responsibilities.
Mr Billot says it is repulsive that John Key’s plan to cut the top rate of income tax could see the Prime Minister get potentially hundreds of dollars extra a week, directly subsidized by rises in GST which would hit families hard on basics like bread and fresh vegetables in supermarkets.
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Mr Key is an archaic tory who is a political conman the same as all his front bench who will stop at nothing to institute punitive actions on the population of this country and will hopefully be voted out by the next election
It appears to me that money has moved from being a means of valuing production of goods essential to the survival of people and growth of a society which endeavours to provide for all to an industry that is controlled by a few to enhance their status and effect of their thinking thru their monetary power whether they are right or wrong for the majority of the country.For them democracy is another means to control the rights of the the population who collectively have to support them with no power other than the one piece of democracy left to them the vote which the privilged also try to hijack for the security of their position.So to reduce this happening in NZ :
1 Get rid of the monarchy and the treaty of waitangi
2 Bring in FTT
3 Make more of the issues that effect the use of resources in this country subject to referendum
4 Take back control of the service industries formally owned by the govt and hold politicians who try to initiate policy that is unsound personally responsible
5 Get rid of the right to have religious institutions of all denominations and types to be included automatically in govt protocol
These few points I believe will clear the ground for more sound judgement