The Jobseeker changes assume there are enough jobs for young New Zealanders looking for work – when one in eight are already not in a job, training or education.
- Honorary Associate Professor, Economic Policy Centre, Auckland Business School, University of Auckland, Waipapa Taumata Rau
Working for Families tax credits favour those in work, yet discourage them from working or earning more. But there is a cost-effective way to improve the system for those on welfare and low incomes.
Both major parties are promising to increase payments for families ‘in work’. But the changes will only entrench the problems already faced by beneficiaries and the working poor.
Forget wealth or capital gains taxes, a straight tax on housing equity – exempting most homeowners – would be a simple and efficient way to break the circuit of inequality.
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