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Watch live: Labour announces 'Future Fund' as first key election policy (www.rnz.co.nz)

submitted 1 month ago by Dave@lemmy.nz to c/politics@lemmy.nz

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Labour has launched its first key election policy this term, announcing a fund which would invest in New Zealand infrastructure and businesses only.

The party is calling it the first step in its plan to "back New Zealand's potential", create "secure, well-paid jobs across the country", lift productivity and ensure wealth is made and remains in the country.

A document launched alongside the new policy outlined three principles to underpin the Future Fund and the party's "wider approach":

Wealth creation with purpose - directing investment to solving real problems: affordable healthcare, warm homes, higher productivity, and a zero-carbon economy.

Partnership - working alongside business, unions and communities to shape and create new markets, providing clarity, direction and confidence to invest for the long term.

Investing in ourselves - mobilising New Zealand's own savings, skills and innovation to create jobs and opportunity here at home, and investing proactively to nurture new technological and industrial strengths.

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[–] BalpeenHammer@lemmy.nz 2 points 1 month ago (1 children)

We should simply have a levy on exports of natural resources to feed the fund.

[–] Dave@lemmy.nz 1 points 1 month ago (1 children)

We already have royalties on mining and petroleum, though I wasn't able to find where that money goes. I guess into the general government pool. It would be nice to send it into a fund like this, as you say.

[–] BalpeenHammer@lemmy.nz 2 points 1 month ago (1 children)

Those are not the only natural resources we export. There is also agricultural products, milk, meat, logs etc.

[–] Dave@lemmy.nz 1 points 1 month ago (1 children)

Ooh I hadn't thought of that. It feels like it would be deeply unpopular to add an additional tax to the things that voters directly produce, though.

[–] BalpeenHammer@lemmy.nz 2 points 4 weeks ago

The idea is that the natural resources belong to everybody. This would include things like trees, clean air, water etc. I suppose one could tax the water which would be passed on the agriculture sector and the lease of grazing land etc.