you’d have to look long and hard to see anything positive in cullens sop to those, (however misguidedly), who call/called for tax cuts for the rich..
as one who sees radical taxation reform as a key component of any blueprint for environmental sanity the need for tax reform is obvious..though that reform would be different from the basic “tax cuts for the rich” cries from the mewlers…
it includes less reliance on personal income tax and a move to focus on environmental taxes..(part of the carrot-and-stick levers necessary for change)
their case is both tenuous and fatuous..those who cry “but what about the hard done by wealthy?”..
cullen is correct when he points to international comparisons to our top tax rates as clear evidence of this..most of their arguments (discounting the ‘what about me’ factor) swing on tales of tearful frustrated don’twannabe tax exiles fleeing our fair shores, just because that beastly cullen won’t lower the top tax rate…
even a cursory glance at this emotive claptrap shows the tenuity and fatuity descriptions to be precise..
cullen is also on the money when he points out that any tax reform in new zealand should be from the bottom up..not the top down…looking at those international comparisons again, our lowest to mid tax bracket takes are far too high..we also have no first $10, 000, say, tax-free….(this would surely be fair, would it not?..addressing anomolies/inequalities and giving everyone the same amount back?)
so, you would have to ask yourself, if cullen knows all this..why did/does he, not do something to correct these anomalies..and answer those calls for reform at the same time..?
instead he tried this pathetic, derisive, insulting sop to those who do the simple maths of billion dollar surpluses..and higher tax revenue take..and cullen admitting to these inequities/anomolies..yet doing absolutely nothing about it…
in the process he has managed to piss just about everybody off..(as armstrong points out in his article he has managed to turn the wine of the economic good times into water..)
plus by screwing this one up cullen has given national something they haven’t had for a long long time..something resembling traction..now, what will they do with it?….