Labour / NZ First Government

[blackcap]

Is that a serious question? Have a look at their tax proposal.

Unfortunately FP, there live with us a species of people that think their tax proposal is the best thing since "progressive tax rates".

[dobby41]

Is that a serious question? Have a look at their tax proposal.

Thanks - it was serious but I had viewed the posts out of order so missed that this was in relation to the wealth tax proposal.
Must read it for a bit of a laugh.

[fungus pudding]

Unfortunately FP, there live with us a species of people that think their tax proposal is the best thing since "progressive tax rates".

Fortunately Labour have distanced themselves from the Kermits.

https://www.stuff.co.nz/national/pol...ty-tax-reforms

[jonu]

Another example of those lovely cuddly "kind" lefties eating themselves.

https://www.nzherald.co.nz/entertain...ectid=12343800

[Balance]

https://www.tvnz.co.nz/one-news/new-...just-good-luck

Comrade Cindy still does not get it.

Stuck In her mind with the adoration of weeks past, she has yet to realise that majority of NZers are fed up to the back teeth with the gross mismanagement of the quarantine regime.

[Panda-NZ-]

They are fed up with no community cases and being in level one..?

[dobby41]

https://www.tvnz.co.nz/one-news/new-...just-good-luck

Comrade Cindy still does not get it.

Stuck In her mind with the adoration of weeks past, she has yet to realise that majority of NZers are fed up to the back teeth with the gross mismanagement of the quarantine regime.

I think the majority of NZers are fed up with the media harping on about it.

[greater fool]

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[Rep]

Unfortunately FP, there live with us a species of people that think their tax proposal is the best thing since "progressive tax rates".

https://www.nzherald.co.nz/nz/news/a...ectid=12343897

Yesterday the Greens unveiled its first major election policy, which would tax the wealthy more to fund a payment of at least $325 a week for anyone not in fulltime work.

A wealth tax of 1 per cent would apply to "net assets worth over $1 million" and 2 per cent for net assets over $2m. These would only apply to the value above those thresholds and would discount the value of, for example, mortgages held by landlords owning a suite of rental properties.

Green Party co-leader Marama Davidson said this morning that the policy was a priority but wouldn't say if it might be a bottom line in any post-election coalition negotiations.

She said older people or retirees who had assets but lacked cash could defer payments.

We understand that many older people may have a home, for example, worth more than $1m and it is paid off, they don't have a mortgage, but perhaps they're living on Super or perhaps they're moving to a retirement home and wish to put their home into a trust - you can defer payments," she told RNZ.

"The trust also is liable for a wealth tax, but again, it is shared among all beneficiaries and trustees, so again only if each individual has more than $1m net wealth worth then we are asking them to chip in at 1 per cent over and above that $1m.

This has to be the first tax proposal where the co-leader of the party proposing tax policy with a new tax then suggests how to avoid that new tax with some tax planning? Arguably, the folk where there is arguably more to derive from the wealth tax are going to be better able to participate in tax planning than someone who is trying to pay their house off in Auckland and has some Kiwisaver?

[Balance]

I think the majority of NZers are fed up with the media harping on about it.

You wish.

Media simply reflect what public are thinking and discussing - don't shoot the messengers just because the media is not blowing smoke up Comrade Cindy's ego anymore.

https://www.nzherald.co.nz/nz/news/a...ectid=12343692

Notice how Comrade Cindy skirted around why her Health Minister is such an inept and gutless individual?

She still does not get it which is FANTASTIC! The more she attempts to defend the indefensible, the worse it is going to get.