What bothers me is that since the border processes were tightened up we have had new cases every day. Yet while border processes had holes there were no cases at all for weeks. Something wrong with this picture.
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What bothers me is that since the border processes were tightened up we have had new cases every day. Yet while border processes had holes there were no cases at all for weeks. Something wrong with this picture.
The new cases are being imported from other countries and it will continue, and probably accelerate as more Kiwi's who are entitled to return to NZ do so. IMO you needn't be concerned unless those imports refuse to be tested and are released into the community. Uh oh.
That 'you and I' should be 'you and me' in the first sentence. In the second sentence, its should be it's, and in the last sentence 'know' should be no. Sorry to be pedantic but to ease your burden from all that wealth, you could always spend a chunk on English lessons.
Quite correct Fungus Pudding, pretty sure you are not a grammar Nazi, just Alt Write.
It seems unfair to me that you pay tax on income from your labour, but do not pay tax on capital gains which in the case of increasing house prices just happens while you sit in the couch. Increasing house prices is an unseen (private) tax on workers’ income because they have to work many more hours to pay for a house. A private tax is one that is not collected by government but by capitalists. This makes the rich richer and the poor poorer. It is in a country’s financial interest to have a strong middle class because economies do much better when this is so. If there is a wide gap between rich and poor this has a negative effect on GDP. If house prices are to be affordable for first home buyers then there has to be some form of wealth/capital gains tax. People invest in houses because of the capital gains which are untaxed. Investing in productive activity is usually less profitable, which does not make economic sense.
From 1957 to the late 1980s the average New Zealand house price was between two-to-three times the average annual household income.
Prices peaked at around six and a half times the average household income in 2008.
Auckland, at nine times income, was severely unaffordable, and up from 5.9 in 2004.
The country as a whole also ranks in this range, with a ratio of 6.5.
https://www.stuff.co.nz/business/110...housing-report
Infometrics economist Brad Olsen said house price growth had significantly outpaced incomes in recent years. Over 20 years, incomes were up 113 per cent but house prices 248 per cent, he said.
https://www.stuff.co.nz/business/117...p-unachievable
You are being disingenuous. It is not capital gains Jonu is talking about. It is the green's proposed wealth tax. Ie you have a boat a house a batch and a couple of cars with some art thrown in worth $2m. Most of these assets are not income generating. Regardless you get taxed on an extra $10,000 (1% on the extra $1m over the $1m). Repeat ad infinitum.