Driven by government and Reserve Bank intervention, including printing money according to a leading financial journalists, has found Labour’s Covid-19 policies have made the wealthy sector hundreds of billions richer while the poor sunk $400 million further into debt.
The same journalist, writing in a political blog, says the Labour Party supported by the Green Party has presided over the biggest transfer of wealth from the poor, predominantly from renting, to current and future and asset owners in the history of New Zealand.
In short, Labour is tarred with the same brush as National in which profit comes becomes before people.
Gary Hollis
Mellons Bay
