• ABOLISH PETROL TAX

Petrol Tax accounts for more than 40% (FORTY PERCENT) of the price of petrol at the pump.

Replace ALL taxes with a 1% Transaction Tax.

This can be easily done. Petrol tax and ALL other taxes (including GST, company tax, road user’s tax and income tax, along with the entire Inland Revenue bureaucracy) can be eliminated by a mere 1% TRANSACTION TAX on bank withdrawals. Just 1% sent straight to Treasury (through a simple computer entry at the bank like the present RWT) would raise over $90 BILLION in Government revenue per year.

Lessen New Zealand’s reliance on imported oil, whilst introducing environmentally friendly fuels.

Bio-Ethanol can be made from maize, sugar beet, whey, waste paper, straw, wood shavings. Bio-ethanol would also allow for farm diversification and decrease reliance on exporting. Brazil has long run its vehicles on a blend of 22% ethanol. The NZ Government is encouraging investigation into the possibilities but you can be sure that (1) this will only be a 3% to 10% ethanol blend; (b) the Government would merely replace Petrol Tax with Road User’s Tax.

At the moment there is a New Zealander running his car to optimum capacity long distances on vegetable oil at 50c cents per litre, without engine modification. (Dom. Post 5/5/06).

These are the types of innovations that can be made.

Develop New Zealand’s untapped oil resources.

Despite promising tests from wells, there has been only low-level petroleum exploration in the South Island. There is great potential for oil discovery from the Great South Basin, Canterbury Basin, Solander Basin, Puysegur Bank, and Fiordland. The State should be exploring, developing and marketing NZ oil resources for NZ use.

Prices at the pump rise and fall, and rise again often the same day. The Government claims to be powerless over these rises. This is because the Government has relinquished its responsibility over the economy in the name of "market forces" and "world trade."

"Market forces" in global oil production mean the economy can be wrecked at any time by interests beyond our borders.

A war in the Middle East, a coup in South America, a civil war in Africa, even just a rumour of a war, coup or revolution in any oil producing country causes petrol prices to rise within hours.

Then there’s the rivalry between the USA and China in the scramble after oil resources. China stations troops in Syria. The USA BACKS Islamic terrorists in Afghanistan and Central Asia to secure American oil interests. What chance does NZ have among these super-power rivalries?

New Zealand can be free from world oil dependency. However this requires fundamental economic reforms, and no Government committed to the so-called "market economy" will act. As for the Green Party, they do not even understand the financial policies required to end oil dependency and introduce fuel alternatives. Read about our alternative…

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