The Kākā by Bernard Hickey
The Kākā by Bernard Hickey
Dawn chorus: When is a levy not a tax?
0:00
-6:32

Dawn chorus: When is a levy not a tax?

PM is denying a mandatory ACC-style unemployment insurance scheme would be a tax hike. The devil will be in the detail of an idea that employers, unions and the Opposition support

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

Twitter avatar for @RoyalFamily
The Royal Family @RoyalFamily
Twitter avatar for @royalsocietynz
Royal Society Te Apārangi @royalsocietynz
"This notion of service has really gone to the heart of everything I have done in the past.” Ka rawe! Congratulations to our Ahorangi Chief Executive Professor Dame Cindy Kiro who has just been announced as the next Governor-General of New Zealand. https://t.co/fFW44QvmGE

Briefly in the global political economy

Signs o’ the times news

Chart of the day

Longer reads to stock up for the weekend

Some fun things

Discussion about this episode

User's avatar

Ready for more?