Cunliffe versus truth

From David Cunliffe Speech to 2013 Labour Party Conference – Building a future for all:

One for the rich and powerful, who don’t pay their fair share of tax because they have smart accountants to ensure they avoid it.

Families who pay tax on every dollar they earn, pick up the slack for the mega-rich and the foreign corporations who don’t.

Five years ago, John Key told New Zealanders, “wave goodbye to higher taxes, not your loved ones’’.

But he only meant it for the privileged few.

He gave massive tax cuts to the rich that they did not need while he put up GST on everyone.

Cunliffe is supposed to be intelligent and financially literate – if so this means he is telling deliberate distortions and lies.

The tax cuts “to the rich” were not massive. Damien Grant writes in NZ Herald:  Poverty isn’t fault of rich

Key to the inequality fantasy is that New Zealand is a neo-liberal rich-man’s paradise but the facts do not support this.

Bill English said the top 12 per cent of households, those earning over $150,000, pay over three-quarters of all tax. To balance this, half of all households take home less than $60,000 and pay $2.7 billion in tax; yet they receive $8.1 billion in transfer payments. Half the population are net beneficiaries.

The tax increases were partly balanced by the increase in GST which costs them more as the biggest spenders.

And GST increases were balanced for lower income earners with income tax cuts, and beneficiaries had compensating benefit increases.

Cunliffe is speaking to an audience which is receptive to his dishonesty. Time will tell whether enough voters buy his bull.

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1 Comment

  1. OH the spin has started already! Is it election year Pete? 🙂

    Simple lies and half lies and subtle lies and downright blatant lies – Yes I think it starting to look like election year!

    Reply

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