Click to view
So 60% of taxpayers receive more in income support and benefits that they pay in tax. That leaves 40% funding those 60% and the vast majority coming from the top 10%.
It is a useful reminder we have a tax and welfare system which is already highly redistributive.
David Farrar runs Curia Market Research, a specialist opinion polling and research agency, and the popular Kiwiblog where this article was sourced. He previously worked in the Parliament for eight years, serving two National Party Prime Ministers and three Opposition Leaders.
It is a useful reminder we have a tax and welfare system which is already highly redistributive.
8 comments:
And of the "wealthy" in the main only the mug wealthy are excessively captured. Those without complex evasive schemes.Those wealthy with cash also suffer stripping by inflation, a form of tax as rewards for their past efforts cancelled.
Figures for maori/pacifica would be interesting.
Sadly democracy is in the hands of the bludgers.
Thanks to you and Dr Eric Crampton for highlighting this.
David question for you. Many years ago there was a study done suggesting that if all the wealth was redistributed evenly to the population that within 5 years those that were previously wealthy would be wealthy again and those that were poor would be poor again.
Has any reader here seen that study or know what I'm talking about. ?
Regards
Our of that 40% how many work for government? So the real number is far lower.
Surely not! We know that the rich pay no tax and the poor are given nothing! /s
On this basis, the end is closer than we had thought.
Not according to the Greens, Labour and Te Pati Maori - they patently want those 40% paying more (they've all said as much), and especially those in the upper deciles.
I wonder where those in those upper deciles might go if that transpires? And when they depart, who's going to be paying then?
Well, I s'pose Marama, Chloe, Debbie & Co could fund a few, although their generous packages may not last, what with those departing evermore increasing the percentage remaining sucking on the public teat. And with our education levels falling, doesn't it all look rather bleak?
And if you're an achiever in life, doesn't emigration look more attractive as every day rolls by?
I used to do this as a thought experiment with my classes, Anon 8:24. Dump a couple of thousand people on a remote island with $20K each, come back in 10 years and what do you see? Equality? No way.
The Maori are hugely over represented in most adverse social statistics. Unemployment, welfare dependency,crime, lack of school, trade or professional qualification, drug and alcohol abuse, gang membership, you name it.
Given their current position in the socio economic structure it is very likely as a combined group they currently pay no tax , if indeed they ever have.
I note that most Maori tribal based business units pay no tax either, courtesy of a decision by a Clark Labour Government. Why should such groups have tax advantages based solely on skin colour ? Ending that tax treatment would be one source of revenue for this government.
And if Maori they had to pay a little for more for the many benefits they receive from other taxpayers they might appreciate them a bit more.
Post a Comment