Capital Gains Tax

[Bjauck]

We don't need a capital gains tax. The government needs to spend less or spend more efficiently.

If there was to be a capital gains tax, (I would like to see a reduction in income tax or a reduction in GST). In addition you will need to have an inflation adjuster to account for artificial price increases.

That would be great but perhaps wishful - Along with a concessionary CGT/IT scheme for KiwiSaver to encourage bigger balances rather than investing yet more in housing real estate.

Demands for expenditures for increased defence, infrastructure, health and aged care would probably outweigh further efficiency gains.

I am not sure what artificial price increases are. The inbuilt inflation from the RBNZ remit? However why would an inflation adjustment be any more likely for a CGT, than for example a tax-free IT threshold, or automatic inflation adjusted IT brackets? The latter two should receive greater priority.