sharetrader
Page 163 of 163 FirstFirst ... 63113153159160161162163
Results 2,431 to 2,445 of 2445
  1. #2431
    Update Ready To Install
    Join Date
    Aug 2010
    Location
    Floating Anchor Shoals
    Posts
    7,525

    Default

    Quote Originally Posted by minimoke View Post
    No it didnt. Every time the issue s raised no-one wants it. Nothing has changed about a CGT to make it so attractive as to make it worht asking the question again. Lanbour would have known this if they had bothered doing any work in their 9 years in oppositon. Good news though. De-risks our share market.
    Yes it does and did.We know National would never take that risk and ask the hard questions, gutless and power mad with a sense of entitlement hangover that will be groundhog day ,like a mobius loop until their culture changes and they get with the times for the right reasons and not the selfish ones..
    I applaud this govt in doing just asking the awkward question and the things that will still be changed some that will find themselves paying more tax for speculating etc. Good job. Give and receive.Adapt or perish.

  2. #2432
    Update Ready To Install
    Join Date
    Aug 2010
    Location
    Floating Anchor Shoals
    Posts
    7,525

    Default

    Quote Originally Posted by 777 View Post
    I don't trust the idiots though. Should Labour get in on their own or with just the Kermits then they will just announce it is happening on 1/4/21. They will get the two terms and hang their hopes on it being accepted in that term. And would the Kermits go with them if they don't bring CGT in. Shaw has already stated the if it is not there then they don't deserve to be government.

    Words that it won't happen under her watch are just that.
    One cant debatewith 777, he is totally unreasonable, one sided and plain nasty(look at his language. this is a great example of where the national party are at a dead end until they change their culture, change with the times, find humanity and compassion. Its possible but they need a complete cleanup and reboot as does 777 isolated somewhere out there in his walled mansion in the wastelands.
    Last edited by Joshuatree; 17-04-2019 at 08:43 PM.

  3. #2433
    Advanced Member
    Join Date
    Aug 2012
    Posts
    1,744

    Default

    Good on Jacinda for setting up the tax review. She knew a CGT would be unpopular yet she knew tax reform should be looked into. Home ownership rates are dropping and the ownership of wealth is becoming more concentrated in the upper deciles.

    ‘’However she is a MMP politician who would like to be in government. So she knows the centre ground and middle NZ’s aspirations cannot be ignored.

    Personally, Ardern’s Labour is looking like they will get my party vote. I think that will be be the second time in two decades that I would consider a vote Labour.

  4. #2434
    Legend minimoke's Avatar
    Join Date
    Mar 2005
    Location
    Christchurch, New Zealand.
    Posts
    6,072

    Default

    Quote Originally Posted by westerly View Post
    The most you can pay is 30 cents in the dollar, a comparitively low amount.
    We know saving / investment is just deferred spending so add the 15% GST you are looking at 45% tax take

  5. #2435
    Guru
    Join Date
    Apr 2008
    Location
    Sth Island. New Zealand.
    Posts
    4,436

    Default

    Quote Originally Posted by westerly View Post
    The most you can pay is 30 cents in the dollar, a comparitively low amount. Until you are personnally affected you won't be complaining about the continuing reduction in Govt. services?
    Especially when your years of hard labour takes effect on your body.

    westerly
    Ridiculous comment. Every cent over $70,000 per annum is taxed at 33%. So while tax on the first 70k income is 14,000 each subsequent 70,000 earned is taxed at 21,000

  6. #2436
    Dilettante
    Join Date
    Mar 2010
    Location
    Nelson
    Posts
    2,792

    Default

    Quote Originally Posted by Joshuatree View Post
    Yes it does and did.We know National would never take that risk and ask the hard questions, gutless and power mad with a sense of entitlement hangover that will be groundhog day ,like a mobius loop until their culture changes and they get with the times for the right reasons and not the selfish ones..
    I applaud this govt in doing just asking the awkward question and the things that will still be changed some that will find themselves paying more tax for speculating etc. Good job. Give and receive.Adapt or perish.
    "power mad" is exactly the reason Jacinda abandoned her principles. She does not want to lose the next election so another 'Captain's call" disappears. James Shaw is on record saying if the Coalition does not introduce the CGT they do not deserve to be re-elected. Too funny !

  7. #2437
    Legend minimoke's Avatar
    Join Date
    Mar 2005
    Location
    Christchurch, New Zealand.
    Posts
    6,072

    Default

    Quote Originally Posted by Joshuatree View Post
    Yes it does and did.We know National would never take that risk and ask the hard questions, gutless and power mad with a sense of entitlement hangover that will be groundhog day ,like a mobius loop until their culture changes and they get with the times for the right reasons and not the selfish ones..
    I applaud this govt in doing just asking the awkward question and the things that will still be changed some that will find themselves paying more tax for speculating etc. Good job. Give and receive.Adapt or perish.
    Trouble is labour didnt exactly do this. Nine years in opposition and they had no policy on CGT. So they had to hire a Working Group to do the work for them. Lazy, inept and gutless.

  8. #2438
    Advanced Member
    Join Date
    Aug 2012
    Posts
    1,744

    Default

    Quote Originally Posted by iceman View Post
    "power mad" is exactly the reason Jacinda abandoned her principles. She does not want to lose the next election so another 'Captain's call" disappears. James Shaw is on record saying if the Coalition does not introduce the CGT they do not deserve to be re-elected. Too funny !
    It is up to Shaw to make his judgment before the next election if he does not wish to campaign as part of a coalition. NZF may pick up a few votes now.

    While housing supply failed to keep up with population growth and investors helped price first home buyers out of cheaper areas, Key’s National Party mostly avoided the issues. Were they Too unpalatable for the National Party Constituency?

    Ardern seems to think a comprehensive tax reform is necessary. However she does not have the parliamentary numbers to be able to achieve that. However she has said she hopes to introduce targeted changes. She has not abandoned principles but will try to find a different way to gradually achieve policies that takes into account parliamentary arithmetic.

  9. #2439
    Update Ready To Install
    Join Date
    Aug 2010
    Location
    Floating Anchor Shoals
    Posts
    7,525

    Default

    Quote Originally Posted by iceman View Post
    "power mad" is exactly the reason Jacinda abandoned her principles. She does not want to lose the next election so another 'Captain's call" disappears. James Shaw is on record saying if the Coalition does not introduce the CGT they do not deserve to be re-elected. Too funny !
    Hilarious, no sense of bitter entitlement there we know where the reek of bitterness and entitlement is still coming from. National are even claiming victory here, laughable and ever shrivelling credibility here from Bridges. I hope he stays as leader for obvious reasons. Shame about Winston but he always has been a bit of a populist and in one stroke he has given his party a good chance of getting back in and consigned national to the depths of Mt Doom. I was hoping that we would join the first world and have a fairer tax system , not to be but there will still be some changes to speculators etc, some consolation.

  10. #2440
    Senior Member
    Join Date
    Dec 2001
    Location
    Wellington, , New Zealand.
    Posts
    869

    Default

    Quote Originally Posted by minimoke View Post
    Trouble is labour didnt exactly do this. Nine years in opposition and they had no policy on CGT. So they had to hire a Working Group to do the work for them. Lazy, inept and gutless.
    Not so. It was Labour policy going into the 2011, 2014 and 2017 elections. And almost into the 2020 election. Canned after the 2014 election, temporarily reinvented for 2017 as a captain's call that was re-reinvented as a working group.

    Not saying the policy was thought through well, or at all apart from the slogans. But it was there.

  11. #2441
    Senior Member
    Join Date
    Jul 2007
    Location
    , , .
    Posts
    676

    Default

    Quote Originally Posted by fungus pudding View Post
    Ridiculous comment. Every cent over $70,000 per annum is taxed at 33%. So while tax on the first 70k income is 14,000 each subsequent 70,000 earned is taxed at 21,000
    Yeah, got it wrong, but even at 30 cents compared wih Australia's 45 cents top rate the wealthy are doing well in NZ

    westerly

  12. #2442
    Guru
    Join Date
    Feb 2005
    Location
    Auckland, , New Zealand.
    Posts
    2,523

    Default

    Quote Originally Posted by westerly View Post
    Yeah, got it wrong, but even at 30 cents compared wih Australia's 45 cents top rate the wealthy are doing well in NZ

    westerly
    It is about $88,000 income that Australia tax becomes more than NZ. And their top rate 45c comes in at $180,000.
    There were new rates announced in the recent budget which will alter things a bit.

    When do you think people become wealthy?

  13. #2443
    Guru
    Join Date
    Apr 2008
    Location
    Sth Island. New Zealand.
    Posts
    4,436

    Default

    Quote Originally Posted by westerly View Post
    Yeah, got it wrong, but even at 30 cents compared wih Australia's 45 cents top rate the wealthy are doing well in NZ

    westerly
    Why? Simply because they are not taxed as much as the immoral Australian rate? The govt. should not be able to take 33% of my money just because of some arbitrary line.

  14. #2444
    Dilettante
    Join Date
    Mar 2010
    Location
    Nelson
    Posts
    2,792

    Default

    Quote Originally Posted by Bjauck View Post
    It is up to Shaw to make his judgment before the next election if he does not wish to campaign as part of a coalition. NZF may pick up a few votes now.

    While housing supply failed to keep up with population growth and investors helped price first home buyers out of cheaper areas, Key’s National Party mostly avoided the issues. Were they Too unpalatable for the National Party Constituency?

    Ardern seems to think a comprehensive tax reform is necessary. However she does not have the parliamentary numbers to be able to achieve that. However she has said she hopes to introduce targeted changes. She has not abandoned principles but will try to find a different way to gradually achieve policies that takes into account parliamentary arithmetic.
    She abandoned her principles when she signed the Coalition agreement with Winston First where he was handed all the power and given a few $ Billion slush fund while Labour gets very little and The Greens have been made a joke of. Now with CGT abandoned, we wait with interest to see what she is going to do, if anything, about her generation's "nuclear moment" , but I suspect Winnie will scuttle any attempt at that as well. I do note when she announced dropping CGT , her statement also included the environmental taxes the TWG recommended. Certainly nothing has happened yet, after 18 months in Government.

  15. #2445
    Advanced Member
    Join Date
    Aug 2012
    Posts
    1,744

    Default

    Quote Originally Posted by iceman View Post
    She abandoned her principles when she signed the Coalition agreement with Winston First where he was handed all the power and given a few $ Billion slush fund while Labour gets very little and The Greens have been made a joke of. Now with CGT abandoned, we wait with interest to see what she is going to do, if anything, about her generation's "nuclear moment" , but I suspect Winnie will scuttle any attempt at that as well. I do note when she announced dropping CGT , her statement also included the environmental taxes the TWG recommended. Certainly nothing has happened yet, after 18 months in Government.
    I am not sure what your distinction is between principles and policy goals. Isn’t it a requirement of all politicians who become cabinet ministers per Collective cabinet responsibility that personal policy goals and ideas need to be tempered with the need to co-operate with others to reach a consensus.

    If Labour voters thinks that the balance of power in government has tilted too far in favour of NZF, then they can switch to National If they think National in government would be more likely to introduce Labour Party type policies....
    Last edited by Bjauck; Yesterday at 11:27 PM.

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •