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30-06-2020, 08:57 AM
#4921
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30-06-2020, 09:07 AM
#4922
Originally Posted by blackcap
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.
Worse than that - on the third and subsequent millions the tax would be $20,000 per million - every year. It's ridiculous and unworkable. Capital gains, if well designed, is hard to argue with. Unfortunately the minute taxing the principal residence is included (essential in a fair and sensible CGT) it gets screamed down.
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30-06-2020, 10:41 AM
#4923
Originally Posted by fungus pudding
Worse than that - on the third and subsequent millions the tax would be $20,000 per million - every year. It's ridiculous and unworkable. Capital gains, if well designed, is hard to argue with. Unfortunately the minute taxing the principal residence is included (essential in a fair and sensible CGT) it gets screamed down.
Greens simply playing the odds to garner more leftist votes, mindful that they are and have been bleeding support to Labour.
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30-06-2020, 12:35 PM
#4924
Originally Posted by fungus pudding
Worse than that - on the third and subsequent millions the tax would be $20,000 per million - every year. It's ridiculous and unworkable. Capital gains, if well designed, is hard to argue with. Unfortunately the minute taxing the principal residence is included (essential in a fair and sensible CGT) it gets screamed down.
Yes it does get screamed down and is generally seen as electoral suicide.
But when has anyone seen any actual rationale for not including the main home? Apart from TOP in 2017.
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30-06-2020, 02:18 PM
#4925
Originally Posted by artemis
Yes it does get screamed down and is generally seen as electoral suicide.
But when has anyone seen any actual rationale for not including the main home? Apart from TOP in 2017.
There isn't any other than the political suicide factor. Hypocrisy at work - 'it's a fair tax as long as it's not me who pays it'.
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30-06-2020, 05:27 PM
#4926
No tax increases Cindy's last (for now) installment of tax increases on fuel comes into effect tomorrow. This is alongside the extra tax that lucky Aucklanders get to pay for things like Light Rail...oh wait.
The good news is...Cindy has ruled out anymore of the tax hikes that she had already ruled out before this one.
Hmmm...anyone noticing a pattern here?
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01-07-2020, 07:46 AM
#4927
Is there no end to the cynical propaganda from the PM? Now that Ashley has been packed off down the road she is back to her daily briefings. Oh, but she's not electioneering....oh no siree!
https://www.stuff.co.nz/national/300...-campaign-mode
trouble is...Cindy doesn't comprehend the concept of Overexposure. The fairy dust is wearing thin amongst those that escaped unbesotted. Including the media. I'm picking it'll backfire
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01-07-2020, 07:50 AM
#4928
Originally Posted by jonu
Is there no end to the cynical propaganda from the PM? Now that Ashley has been packed off down the road she is back to her daily briefings. Oh, but she's not electioneering....oh no siree!
https://www.stuff.co.nz/national/300...-campaign-mode
trouble is...Cindy doesn't comprehend the concept of Overexposure. The fairy dust is wearing thin amongst those that escaped unbesotted. Including the media. I'm picking it'll backfire
We all know she will only appear when there’s good news (like zero case yesterday) and when she is going to spend more of taxpayers’ monies to breed more welfare beneficiaries & Labour voters.
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01-07-2020, 08:02 AM
#4929
https://www.nzherald.co.nz/nz/news/a...ectid=12344399
And guess who is the Minister in charge of America Cup’s spending?
You got it - none other than Mr Incompetent, Phil Twyford, Comrade 🐒 Cindy’s #1 choice for promotions & cock-ups. 🤣
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01-07-2020, 08:35 AM
#4930
Originally Posted by Balance
You're suggesting that this is Labours fault?
Your hatred of Labour knows no bounds.
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