The tax system is based on taxing only declared wage and salary incomes or consumption taxes the are unequal in their impact. Credit Suisse rank among the 30 most important banks in the global financial system, and they have almost $1.7 trillion in assets. That will worsen the current account deficit and increase deficit spending without tax increases. We must pay for these reforms through a wealth tax which affects only the richest 5% of New Zealanders. Climate refugees from the Pacific must be given safe passage and citizenship due to Aotearoa’s historical responsibility in the region.

Source: New Zealand Herald March 19, 2023 22:54 UTC