TLDR & TLDL: The quest for an unemployment insurance scheme unveiled in last week’s Budget is remarkably close to being a consensus policy that risks slipping through Parliament and into the social contract between taxpayers at large, employers and workers without much debate.
But it deserves a much closer look because the way it’s structured and funded could, in various combinations, turn into a tool that widens inequality; creates a new middle class tax break; creates compulsion without compensation; and could become the basis for two-tier social safety net — with one level of support for the rich with ‘proper jobs’ and a much lower level for the rest.
I’ll be digging around more on this in the coming days.
Briefly elsewhere in our political economy
The Queen, on the recommendation of the Prime Minister of New Zealand, has been pleased to approve the appointment of Dame Cindy Kiro as the next Governor-General of New Zealand.
bit.ly/2RFONJS
Royal Society Te Apārangi @royalsocietynz
Briefly in the global political economy
Victorian contact tracers are working to identify the missing links in a growing northern suburbs coronavirus cluster as @VictorianCHO warns that one of the infected people had been moving around the community with a high viral load. #coronavirus
Tuilaepa has called today’s swearing in of the FAST Party “treason” & said action would be taken tomorrow. It came after FAST leader Fiame & the judiciary was locked out of Parliament, forcing an impromptu ceremony on the lawn outside. @NewshubNZ #Samoa
Australia: A senior intelligence officer has said there were about 500 known or suspected cases of foreign interference and espionage in Australia in late 2020.
Signs o’ the times news
Wait - is that @JulieAnneGenter on the pop up Berhampore connection bike lane? #respect @CyclingActionNZ @CycleAwareWgtn
Peak irrigation in Canterbury? Not so much, although it is sheep, beef and cropping rather than dairy.
Chart of the day
.@VWGroup's 12-month cumulative West European BEV electric car volume now double that of @Tesla's according to exclusive Schmidt Automotive Research data published in the latest monthly report this week.
Source: schmidtmatthias.de
@Herbert_Diess
@elonmusk
Longer reads to stock up for the weekend
For more, here’s a piece I wrote recently for @NorthSouthNZ on Mahia’s changing relationship with Rocket Lab
As people I know and don't know arrived back in Aotearoa over the past year, I kept hearing the same thing from many: they planned to stay for good (or at least didn't plan to leave) even though it was v much against their financial interests. @nytimes
An entire family in New Delhi contracted coronavirus, and local doctors wouldn’t return their calls. So they turned to a physician 7,700 miles away in Missouri.
My latest story on how the Indian diaspora is mobilizing:
Dawn chorus: When is a levy not a tax?