I find the entire situation incoherent. I grew up in situation where I spent a lot of time with people who felt that “additional interest free loans would create output” – as a child I felt that the description was nonsensical, and as I’ve aged I’ve become even more surprised about how such a ridiculous position could ever have made any sense.

To make up for this I’ve sat down and asked “why”. My description involves a situation where capitalists are allowed, and are told by government to, take advantage of labour. It violates every inch of what I have read of early communist literature, and yet the current left of the political spectrum in NZ seems to support it due to the “left” wing voters pushing it.

Why not honestly state “we believe the state should provide certain things it doesn’t, and we believe certain groups should be liable for it? An inflation tax does this by stealth – and makes those with the lowest ability to pay liable. I find the entire situation distasteful, and I would expect anyone on the true economic left to feel the same way!