According to the Herald this morning, John Key is asking New Zealanders to spend their tax cut or give it to charity ( http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10562448 ). I for one don't think now that is the time to be giving tax cuts to New Zealanders when we are facing a real economic crisis. Labour should have moved in this direction when the economy was strong, but now the moment has passed. It will come again, and I think we should wait until the crisis has passed. I suppose Key thinks he can't break an election promise. However, I think he should as this increases the national debt and we may need that money for the unemployed and suffering. We may pay for it in the long term especially if the unemployment levels really rise as they may. I also think he should not over-rate the tax cut. For a worker on $45,000 that gives them $11.54 a week; those on $100,000 $24. Excellent, $11-12 covers about 7 litres of milk, 5 bottles of coke, a block of chee...
The blog of Mark Keown, New Testament lecturer at Laidlaw College, Auckland, New Zealand. It involves comments on theology, life, sport and whatever comes into Mark's random mind.