Will's Word is Pacific Mornings host William Terite's daily opinion piece on the latest news happening here and around the Pacific.
Photo/ PMN News
Pacific Mornings' host William Terite says it's time we had a frank conversation about tax reform to address low productivity in our economy.
Now it’s time for Will’s Word…
And we’re talking tax yet again, because I’m hyper fixated on it at the moment I must confess.
Now full disclaimer I am no tax expert, this is ultimately based on what looks good to me as a voter.
But do we need to consider one tax rate in this country, instead of a progressive tax system which is what we currently have?
Now just indulge my thinking for a moment — would one tax rate incentivise people to work harder to keep more of the money they earn? It certainly would light a fire under me to do that.
Now in practice though it’s a different story – concerns that it would lead to terrible infrastructure and a weak public service – those fears are also warranted.