Tax Cuts Caused Current Crisis
Russel Norman provides the evidence for what he has been saying for some time, the economic crisis is largely the result of tax cuts to the rich. New Zealand has just been following what has happened in many other so called "developed" countries; the greed of the rich results in a reduction of government revenue and the poor suffer through the introduction of austerity programmes in an attempt to balance the books. Rather than increasing revenue by reintroducing fair taxes the government cuts support to those who need it the most. National keeps claiming that an ongoing recession is causing the deteriorating state of the government's books and yet last year New Zealand's richest saw their wealth increase by over 18% , for them the recession ended some time ago. The country's 151 richest people saw their collective wealth reach $45.2 billion last year, up $7 billion from the previous year. The crisis is a lie, greed and mismanagement is creating the prob