Jobseeker numbers are going down since we have a strong economy under labour & you would hope that there are experts advising the govt.
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Jobseeker numbers are going down since we have a strong economy under labour & you would hope that there are experts advising the govt.
It would be a start Blackcap, but realistically, even that is just 'tinkering'. If we keep doing the same stupid things, we are going to keep getting the same stupid outcomes. As a country we need to be bold, brave, innovative & revolutionary with our fiscal set-up. As dramatic as it sounds, the harsh reality is we are on the slow, winding, bumpy pathway to Banana Republic status; if we aren't careful.
- "Flatten the (tax bracket) Curve".
- Standardise Individual, Company & Trust tax rates (& Lower!)
- Implement a Gross Revenue/Turnover Tax which will capture ALL economic activity. Which through implication will also capture 'capital gains' for non-productive transactions, e.g. casual residential property speculators.
I agree that govt does rely on sly income tax increases by virtue of bracket creep, which is worse in a high inflationary environment. Increasing income tax also does not get to the rich, it just gets those who produce productive taxable incomes. To increase taxes from the “rich”, NZ would need to overhaul its tax system and introduce new taxes. Neither of the major parties have the stomach to do that.
It is ridiculous when starter salaries are already in higher tax brackets, while in the meantime property owners can receive untaxed capital gains from their homes and investment properties worth more than annual salaries. Do many of our young need to become exiles to get ahead whilst they wait to inherit their parents properties?
As Clueless Cindy is now politically a smelly corpse, her captain's call to can CGT is now invalid.
Why is Hipkins not pushing for the CGT to be introduced?
Or is he waiting for after the election to announce its introduction, win or lose?
Despicable hypocrite is the chip of Ardern block.
https://www.nzherald.co.nz/nz/financ...FBKOIDR5WCT6A/
Finance Minister Grant Robertson disputes millions spent on TVNZ-RNZ merger were ‘wasted’
Yep no waste - Robbo .. just a waste of space sitting atop the taxpayer money pile who can't work out where it disappeared to .. perhaps Willie Wonka might know which consultants got refeathered nests ? :)
Must hurt when another of your favourite hobby horse projects (aka another expensive waste of space) gets wiped off the list in the large clean out by the Schoolboy trying to cover his backside from following in another impending slide down the greasy slope that the earlier excuse for failed leadership got pushed down, to get her out of sight ;)