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The Working for Families changes impact on households with incomes as low as $35,000. Yes, it costs $2.8 billion a year, but it is in effect a tax cut aimed at those who need it most. Rolling back this tax cut but leaving in place the cuts last year which cost $5b, with 42 per cent of them accruing to the top 10 per cent of income earners, is obscene.
An excellent example of how disguised wealth redistribution is taking place, causing an ever increasing wage gap, I suspect this is why Nationals big thing is to get the average wage up, averages can be lifted at the top, even while the bottom spirals down.
© 2012 Created by NZEI.
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