Showing posts with label Upper House. Show all posts
Showing posts with label Upper House. Show all posts
Friday, May 9, 2025
Kerre Woodham: The New Zealand political system David Parker wants
Labels: David Parker, Kerre Woodham, MMP, STV, Upper HouseLong serving Labour MP and former Minister David Parker gave his valedictory speech in Parliament last night, where he gave his colleagues across the House a list of things to do, among his thank yous and goodbyes.
Chief among them was closing the gap between the very wealthy and the middle class. It could be done, he said, with a tax on capital income, a wealth tax, some form of interest deductibility ban with rules for deductions to avoid double taxation. He said this would pay for a tax-free threshold for income earners up to $10,000 with the next 10,000 subject to lower tax rates.
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