Dim view of PM’s legacy
The nation’s newest political party leader has a dim view of what departing Prime Minister John Key will be remembered for.
‘‘Unfortunately John Key’s legacy will be that he allowed the second round of expansion in inequality,’’ economist, philanthropist and now aspiring-politician Gareth Morgan said.
Morgan launched the Opportunities Party (TOP) in November, with a vow to reduce the gap between New Zealand’s haves and have nots.
He proposed a Robin Hood-style tax policy on Wednesday; a capital tax on home owners that will offset reductions in income tax across the board.
’’I want to hold house prices - not collapse them - and give incomes a chance to catch up’’, he said.
This will boost the brass of 80 per cent of the population and leave the wealthier 20 per cent to ‘‘fund an increase in fairness in New Zealand’’, he estimated.
For the latter group, Morgan is the first to admit his policy proposal would be ‘‘like a cup of cold sick’’.
‘‘This policy is one you do have to go away and think about - and then have a whisky and think about it again.... And then overcome your rage’’, he said.
‘‘It’s a very radical, fundamental reform for New Zealand.’’
‘‘The question I’m saying to New Zealand now is: Are you up for this?’’