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Collins insisted that he is not being irresponsible in telling New Zealand Labor that he will introduce a wealth tax, because he says Labor cannot be trusted to deliver on its promises.
He pointed to the flaws in Labor’s KiwiBuild housing program, the free study policy that did not meet expectations, and plans to build a light rail from Auckland CBD to the airport that did not cross the line.
“I think it’s very difficult when we look at the track record like KiwiBuild, free light rail, all these kinds of promises that have been made.”
Even if Labor wins a majority in Saturday’s election, Ardern is not ruling out working with the Greens anyway, and Collins believes that is because Labor wants someone to blame for unpopular policies.
“If the Greens go above the 5 percent threshold, Labor will take the Greens with them. Jacinda Ardern made it very clear, that’s what she wants to do. The reason for doing it would be to blame the Greens.”
But the Labor Party has also made it very clear that a wealth tax is not envisaged.
“To be clear: The Labor Party will not introduce or negotiate a so-called ‘wealth tax’. Any suggestion that the Labor Party would accept the tax plans of other parties is incorrect,” says Labor’s website.
Labor’s only tax policy is to introduce a new top tax rate of 39 percent on income earned above $ 180,000, which is expected to generate $ 500 million a year.
