Monday 6 May 2024

The Green Party under Swarbrick calls for "a Zero-Sized Economy"


"Chlöe Swarbrick says tax reform is needed in NZ.
She says that adopting a capital gains tax is just "basic economic sense."
 I wonder which books in economics she is reading? Das Kapital..."
"Chlöe Swarbrick ... says that adopting a capital gains tax is just 'basic economic sense.' I wonder which books in economics she is reading? 'Das Kapital' by Karl Marx? ...
    "[P]roductivity is particularly weak in NZ? [Why?] Because we are a 'capital shallow' economy ... Poor countries have lots of labour and little capital, which leads to low wages, whereas in rich countries it's the other way around. At present, NZ is driving up labour with record-breaking immigration — whilst GDP per capita, and productivity, are plummeting. So what is Swarbrick's mind-bogglingly contradictory intervention into the tax debate? That in order to improve our prosperity, it's 'basic economic sense' to tax capital more. Since when did you get more of something by taxing the pants off it?
    "The Green Party under Swarbrick has a new way to achieve its Net Zero carbon goal - its by aiming for Zero Capital and a Zero-Sized Economy."




1 comment:

Trevs_Elbow said...

Chloe has the intellectual heft of a small furry creature scurry through a primeavel forest. Disrespectful? Yes but accurate. The NZ Greens are the voice of Mao echoing down from his grave....