Capital Gains Tax

[Aaron]

Tried reading the sports pages to avoid the depression brought on by all the other news but then read that Marc Ellis is looking to leave NZ. I think he has done quite well for himself not sure if you could say "rich". But it is not the unimaginable thought of a capital gains tax driving him from these shores it is

New Zealand feels as if it is being pulled apart at the seams. I thought we were egalitarian and unified but some people who feel slightly disenfranchised use that to exacerbate rifts for political reasons.

I suppose it is unreasonable to expect a larrikin to tough it out and try and make things better. He did not offer any solutions and I wonder if there are any? Just a cycle we have to go through? Not sure if he means Maori when talking about people who feel slightly disenfranchised or ACT or Green supporters.

There was also an article about immigration although they did not discuss the age demographic, I will assume it is young people finally getting around to voting and they are voting with their feet.

Not to fear boomers, after shi*ting on the younger generations all your life just because the ungrateful little b*rstards don't want a minimum wage job wiping your old ar*e in a rest home, there is plenty of cheap labour wanting to come to NZ as it is still relatively better than a lot of places around the globe. (Not Italy according to Marc, I hope he doesn't have the gall to support the AllBlacks at the world cup as he is heading to the Azzurri country)

Note to administrator happy to be banned for bad language I think I was happier when I couldn't post.

[777]

Tried reading the sports pages to avoid the depression brought on by all the other news but then read that Marc Ellis is looking to leave NZ. I think he has done quite well for himself not sure if you could say "rich". But it is not the unimaginable thought of a capital gains tax driving him from these shores it is

New Zealand feels as if it is being pulled apart at the seams. I thought we were egalitarian and unified but some people who feel slightly disenfranchised use that to exacerbate rifts for political reasons.

I suppose it is unreasonable to expect a larrikin to tough it out and try and make things better. He did not offer any solutions and I wonder if there are any? Just a cycle we have to go through? Not sure if he means Maori when talking about people who feel slightly disenfranchised or ACT or Green supporters.

There was also an article about immigration although they did not discuss the age demographic, I will assume it is young people finally getting around to voting and they are voting with their feet.

Not to fear boomers, after shi*ting on the younger generations all your life just because the ungrateful little b*rstards don't want a minimum wage job wiping your old ar*e in a rest home, there is plenty of cheap labour wanting to come to NZ as it is still relatively better than a lot of places around the globe. (Not Italy according to Marc, I hope he doesn't have the gall to support the AllBlacks at the world cup as he is heading to the Azzurri country)

Note to administrator happy to be banned for bad language I think I was happier when I couldn't post.

You are sick. Get some help.

[Aaron]

You are sick. Get some help.

Many thanks for your concern.

[Aaron]

If true Chippy's plan is to take GST off fresh food. Good to see Chippy is "In It For Us".

He rules out a capital gains tax like the spineless wimp he is proving to be. Then looks to buy votes with an idea even his own advisors think is dumb. I guess Chippy understands that at least some of the voting public is even dumber.

Has Chippy asked all the hard working Kiwis how residential rents being exempt from GST has helped with their budgeting? I guess not.

Our oligopolistic supermarket chains will be the only ones possibly benefiting from GST being taken of fresh food, hopefully the 15% increase in margin offsets all the d*cking around with the GST changes.

Chippy desperately introducing dumb ideas to buy votes from idiots does not sound like he is "in it for us" Chippy is desperate to hang onto power and has just shown he does not give a f*ck for the country as a whole. Actions speak louder than slogans Chippy.

Mind you I do not think he is better or worse than any of the others. They all have to pander to the worst in us to get elected.

[Aaron]

He sounds like the type of guy we need running the country.

https://www.nzherald.co.nz/business/...A7FSN3O4UFBQE/

Colin Maiden knows how to introduce a capital gains tax.

he supports a moderate capital gains tax – “maybe about half the normal tax rate”; probably a few other implementation issues to be addressed.

I can hear all the dummy lefties now saying the wealthy (captial) should not be paying tax at half of what poor people (labour) are paying.

Half is better than the current "nothing".

[SBQ]

He sounds like the type of guy we need running the country.

https://www.nzherald.co.nz/business/...A7FSN3O4UFBQE/

Colin Maiden knows how to introduce a capital gains tax.

he supports a moderate capital gains tax – “maybe about half the normal tax rate”; probably a few other implementation issues to be addressed.

I can hear all the dummy lefties now saying the wealthy (captial) should not be paying tax at half of what poor people (labour) are paying.

Half is better than the current "nothing".

I agree, after all places like Australia and Canada have CGT for donkey years. When I left Canada pre-2000, the CGT was 75% of the gain is taxable income (currently, 50% or half is taxable income, same in Australia).

I think there's an unspoken problem why CGT has become so difficult to implement in NZ. That's is due to that around the area of share investments, we already have taxation on it. If your Kiwi Saver invests in overseas shares in America, it will have FIF which is worse than a CGT, but rather a tax on paper gains (and on years like last year where the market went -20%, well it gets to do another 2nd round of taxing for 2023 when the market goes positive). You could be paying FIF on say +10% return in 2023 yet your portfolio would not have reached the end year 2021 high, which essentially robs the potential compound interest. I would put my $ on that the current regime gives IRD more tax take than putting in CGT despite they would get the tax from all those houses in NZ.