According to this table in 2018 the net financial wealth per person is similar in Australia, NZ, the UK and Canada
https://en.wikipedia.org/wiki/List_o...ets_per_capita
Property Rates, like fuel tax, are a user-pays charge. Rates pay for local government services and all households end up paying them, whether directly by owner occupiers or indirectly through rent paid to the landlord.
GST is a regressive tax insofar as it places a greater percentage burden on those with lower incomes. It should really have been levied in conjunction with a income tax 0% band and a CGT and/or financial transaction tax/stamp duties. So NZ has scope to broaden the tax base without increasing the burden on GST and lower income groups.
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