Rod Oram asks: GLOBAL TURMOIL demands new insights and incisive policies from
governments. So, which of the two main parties would best lead the next
one here?
His answer: Labour.
So, our next government needs to encourage New Zealanders to consume
less and save more. KiwiSaver is helping households do so while the
Superannuation Fund is helping the nation make the same shift.
Labour is committed to maintaining both mechanisms. National is promising to weaken them.
National is also promising bigger tax cuts than Labour. Past
experiences show households are very likely to spend rather than save
the money - the exact opposite of what people should be doing for
long-term security. Moreover, the cuts will only force National to save
money elsewhere.
For households, for example, both parties are offering help to people
made redundant. Labour will offer them free skill retraining, a
long-term benefit. National will offer them mortgage relief, a
short-term fix.
...
Labour will keep the R&D tax credit, expand
skills training and help companies trade and invest overseas.
National says it will axe the R&D credit, even though the credit
is helping companies upskill themselves. It is also very vague about
what it would do with these development programmes.
...
Labour's policies are modest at best on the likes of renewable
energy and other sustainability issues.
But National's would be backward steps, with the possible exception
of water standards. For example, it does not believe building codes
have any role in improving home insulation. It advocates instead price
mechanisms alone to drive change.
These great shifts are at the heart of the global crisis. They are
also a great opportunity. But only for the bold and prepared. Labour
is. National isn't.
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