A NEW ECONOMIC MODEL
A total transformation of the money and tax system is required to address the multiple crises we face. We need a new economic model that works for all Life.
The economic metamorphosis we propose will move away from tax on work and production towards tax on resource use. Our philosophy is that land values should be shared, so “owners” of land and its resources must pay an annual rent to the public for the privilege, instead of paying income tax. That is they currently have their earned income confiscated by government, while they are praised for getting a windfall gain from sale of their property. While we allow the private capture of land value gains, both banks and property owners will benefit and the money supply will have to keep increasing. The gap between land “owners” and the rest will keep widening.
We recognise that solving the land problem and the money problem together is a major political challenge. A return to either some form of Crown Leasehold Land or imposing a full land rental on all private land (or a combination) is indicated. Public creation of money is also indicated. Various solutions are offered on this site including ones which will surprise the reader. (We know we need to do models to calculate scenarios for revenue raising, but currently don’t have the resources to do this)
Our solutions will go a long way to tackling resource depletion, climate change, environmental damage, unemployment and poverty, while at the same time unleashing the human creativity and entrepreneurial spirit required to meet the big challenges ahead.
We will change the way money is created. The current interest-bearing debt money system drives the world-devouring engine of perpetual growth, transfers wealth from the poor to the rich and causes growing debt, instability and environmental harm. The profit making bank-created money system we live with is a monoculture that causes people to behave competitively in a dog-eat-dog world. We want multiple currencies co-existing. We want the country’s national money to be publicly created at community level with a variety of feedback loops involving strict controls on inflation Until we change the money system we change nothing. Change it and you help all of the above including inequality and climate change.
Equality, according to research, makes everyone happier. Inequality is the greatest predictor of a range of social ills. Other parties draw attention to the growing gap between rich and poor, but so far their proposed solutions usually rely on centralist solutions and do not encourage green business. They also keep wanting to tax work and enterprise. You cannot solve today’s problems with yesterday’s solutions.
The post fossil fuel economy, should be what Herman Daly called “a steady state economy”. Within that steady state there is constant and dynamic change as old things die and new life is created. In this system resilience will bear more weight than efficiency. We need to get the balance right.
We are internationally linked with organisations involved like the New Economics Institute and all the websites it links with.
Without fundamental currency and tax reform, the future could be brutal – the old economy will struggle in its death throes while the new one emerges. Our party will be a catalyst in birthing this new economy and give New Zealand a measure of resilience to withstand the shock coming our way.
When talking about the $37 billion that has been captured by private landowners, I am reminded of the quote from Henry George, author of Progress and Poverty. He said “For this robbery is not like the robbery of a horse or a sum of money, that ceases with the act. It is a fresh and continuous robbery, that goes on every day and every hour. It is not from the produce of the past that rent is drawn; it is from the produce of the present. It is a toll levied upon labor constantly and continuously. Every blow of the hammer, every stroke of the pick, every thrust of the shuttle, every throb of the steam engine pay it tribute. It levies upon the earnings of the men who, deep underground, risk their lives, and of those who over white surges hang to reeling masts; it claims the just reward of the capitalist and the fruits of the inventor’s patient effort; it takes little children from play and from school, and compels them to work before their bones are hard or their muscles are firm; it robs the shivering of warmth; the hungry, of food; the sick, of medicine; the anxious, of peace. It debases, and embrutes, and embitters.”
Centralisation and monocultures are not Nature’s model. In all our policies we try to imitate Nature’s model of organisation.
For a welcome and a brief description of our major policy, go here
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