TUMEKE EXCLUSIVE: Greens launched quantitative easing just before Labour were planning to - how does Labour retake economic initiative?
The Labour Party have just been caught out again by the far quicker Green Party. Labour were quietly discussing quantitative easing at the very top of the Party, the Greens have jumped the shark by launching the debate yesterday on Q+A and have claimed their alternative economic policy spurs once again.
Labour need an economic alternative, Cunliffe has been attempting this and the Greens stealing the agenda again helps draw in those left progressive votes that see the rising inequality as a reason to stop being politically apathetic and vote in 2014.
How does Labour retake the economic initiative? I joked when Labour took MANA's feed the kids policy that they should also take MANA's financial transaction tax.
If we want to lower our currency, a financial transaction tax would dampen speculation while generating desperately needed tax revenue from a corporate segment of the economy who hire battalions of accountants to minimize their tax liability.
It would tackle those who avoid tax that 60minutes exposed on Sunday.
Labour are also thinking about a financial transaction tax. David Parker in his interview with Selwyn Manning last week on Triangle TV didn't write the idea off.
A Financial Transaction tax is a radical enough idea that does more to genuinely reshape the economic structure to tackle inequality and poverty than any other single thing Labour could do.
It would also leap frog the Greens.