Tokens? We are going to need genuine change to continue . Are you genuinely that flippant about whats happening to this planet BP. Maybe you should consider National they dont give a stuff, well Judith doesnt anyways.
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Tokens? We are going to need genuine change to continue . Are you genuinely that flippant about whats happening to this planet BP. Maybe you should consider National they dont give a stuff, well Judith doesnt anyways.
I didn't talk about what we (or the planet) need(s), but about what the Greens are likely to get in any negotiation with Labour, given that they don't have any real lever to negotiate. Not flippant, but realistic. Time to get down from your tree :p. NB: pretending to occupy the moral high ground does not suit you ;) ;
When you consider 30% of homeowners are mortgage free (nationally and in Auckland according to One Roof 2019) & $1.2 M only buys you a 2 bedroom apartment in many suburbs in Auckland, and the average asking price for a house in Auckland is now over $1M, the wealth tax would capture a heck of a lot more people than just rich listers.
I can think of more than a few middle socio eco group families trying to save for a secure retirement while paying the bills, who would be worried about an extra tax burden.
You've already paid tax on the money you've used to buy the asset.
You need to balance this against the health costs which overweight and obese Kiwis will need to pay under a future National government out of their own private pocket. Why do you think that Collins made already overtures saying being overweight is the individuals responsibility? Surely only to be able to put - if & when in government - the knife to the health budget. Fat people need to pay for their own healthcare if & when National comes back into power ... hey it is their own fault!
See - creating fears goes both ways, my claim above about big people under National loosing their public health cover is as true as your claim about the wealth tax und Labour :p; On a second thought - I think it is much more likely National will cut the health cover for big people than that Labour would go with the Greenies wealth tax. Collins would need to implement her austerity program somewhere, and what would make more sense for her than asking the people creating the problem (being overweight) to pay for the consequences by themselves?
By the way - Collins is offending with her thoughtless attacks against overweight people the majority of all New Zealanders. While she might have a point (to a degree), she clearly did not think through the consequences of what she said.
https://www.stuff.co.nz/national/hea...ng-experts-say
Remember it is net wealth - so the value of the house is reduced by the outstanding mortgage. Also, The Greens policy means that if home and other assets are owned jointly by two people (a couple) then the couple can hold up to $2m before the tax is applied. Then for assets over $1m (per person) the rate would be at 1% and then for assets over $2m (or $4m per couple) the rate would be at 2%.
So a couple owning $3m in net assets would end up paying $10,00 pa in Green wealth tax
Yes it is ridiculous the amount of debt a first home owner (without wealthy family help) needs to take on and how many multiples of average incomes you need to buy an Auckland house.
Yet Kiwisaver is already taxed, so I see taxing the family home that is used as a de facto retirement plan / wealth accumulatoris only logical and consistent. It is much more unfair to tax kiwisaver?Quote:
I can think of more than a few middle socio eco group families trying to save for a secure retirement while paying the bills, who would be worried about an extra tax burden.
You've already paid tax on the money you've used to buy the asset.
If you invest your money into shares and a business, then you continue to pay tax on you investment.