Hold on 850man ...He may have have been taking the mickey as well...cheers.
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Hold on 850man ...He may have have been taking the mickey as well...cheers.
I dont even think it is a left vs right situation he is highlighting. NZ tax system is fairly screwed up. It is uniquely perverse in its structural design which vastly favours property investment over any other form of investment, and New Zealand is much the worse for it. On top of that the underinvestment in infrastructure, when NZ has ample ability to service much higher debt, hurts everyone, especially private enterprise.
You would have to be pretty deep into property if you think introducing capital gains taxes and/or a land tax, while also lowering income tax rates isn’t potentially a better structure for our tax system. Would encourage far more investment in business and increasing productivity.
Dear Laser I for one would apply for the job of campaign manager for you to be NZ PM.
I whole heartly agree with you.
Thankyou.
NZ inc is so besotted with house price appreciation its shameful.
You really should visit Scandinavia for a while, or maybe even live there for a bit to fully appreciate how those societies work. Their public sector is much larger than it appears once you factor in indirect public sector activity. Nepotism, incompetence, groupthink, petty squabbles and attitudes. It's all alive and well there.
The hog isn't a National or ACT voter by the way. :)
Better keep him away from the Reserve Bank boys & girls then .. all the ups & downs fired at the RB might leave them with something closer to a fine trim than they could ever had imagined .. possibly a few things missing or a whole side taken off if an unexpected tidbit of economic stuff lands while the trimming operation is in progress ;)
The Land of 70% Taxes & Cradle to Grave deal from Nanny State ? ;)
Hope you show them what happens when the Kiwi experiment under Ardern / Hipkins for a go at the same
comes badly off the rails and hits the skids at speed :)
It's a wonder any Private Enterprise up there hasn't already been made extinct or run away to kinder lands
away from the treacherous cold and huge tax impost freezing everything in sight ;)
nztx...its actually closer to 90 %.
I think you are nuts and havent travelled much
Im signing off on this post.