ACT's David Seymour - i like his style.

[Bjauck]

They want to make you pay an annual tax on the value if your house and assetts so they can give it to someone else. That's extreme socialism.

Why is an asset tax more socialist than an income tax? Indeed I think TOP reforms would actually encourage individual capitalist endeavour by encouraging the investment into income producing capital assets as opposed to non-income producing assets.

TOP wants to slash income tax which would be of particular benefit for those on the current top rates. Why is an annual tax on your house any more of a "socialist" concept than annual rates charged on the capital value of your house?

Besides all nz parities (including ACT) are socialist according to the second aspect of the following definition of socialism. TOP is not socialist according to the first part of the definition.

Socialism:
noun

• a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole. (my highlight)
  
  https://www.merriam-webster.com/dictionary/socialism