Labour follows closely behind the UK in its policy making. In the UK they have the Fabian Society and a branch has been formed here in New Zealand for hard core Labour lefties.
Selwyn Pellett, Bernard Hickey and David Parker et al are all either members or contributors of the Fabians in New Zealand. One wonders if they will take the lead of the UK and implement a policy like that proposed over there…raising taxes off of the back of those filthy rich pensioners?
Pensioners’ taxes should increase, their benefits be cut, and a tax on property wealth should be introduced in order to share the pain of austerity with today’s hard-up workers, a think-tank said today.
The income gap between pensioners and workers has shrunk massively in the last few decades, so taxes should be raised on those in retirement, the Fabian Society said.
Middle-income working households enjoyed an income 93 per cent above that of middle-income retired households when Margaret Thatcher came to power in 1979, but that figure is now 37 per cent.
High-levels of home ownership among older people means the older generation are in effect far better off, as middle-income workers’ wages now stagnate and they cannot afford to buy a home. Read more »