Quote Originally Posted by Bjauck View Post

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.
Why do we need greater expenditure on defence, infrastructure, health and aged care on a per capita basis? You would think technology etc has granted efficiencies that would have led to reduced spending requirements? Maybe technology is not that efficient after all?

I was not debating the inflation adjustments on IT threshold and automatic inflation adjusted IT, they have merit on their own right. Inflation is a thief and has cost the tax payer dearly to the benefit of the beauracracy which seems to get larger and larger.

As Thomas Sowell is quoted as saying "Life in general has never been even close to fair, so the pretense that government can make it fair is a valuable and inexhaustible asset to politicians who want to expand government."