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  1. #2661
    Guru
    Join Date
    Aug 2012
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    3,591

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    Does NZ need to introduce policy changes to shift more of the tax burden from incomes to housing and other wealth. Hopefully this would encourage productive investment with well paid employees, and stop more workers from leaving because of the high cost housing and high cost of living.

    Thousands head overseas, partly because of economic conditions, with departures accelerating and labour shortage feared
    https://www.theguardian.com/world/20...cost-of-living
    Last edited by Bjauck; 19-05-2022 at 07:11 AM.

  2. #2662
    Senior Member
    Join Date
    Feb 2010
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    983

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    Quote Originally Posted by Bjauck View Post
    Does NZ need to introduce policy changes to shift more of the tax burden from incomes to housing and other wealth. Hopefully this would encourage productive investment with well paid employees, and stop more workers from leaving because of the high cost housing and high cost of living.

    Thousands head overseas, partly because of economic conditions, with departures accelerating and labour shortage feared
    https://www.theguardian.com/world/20...cost-of-living
    Yes, people are heading overseas in droves. Inflation is hitting hard with people having less disposable income. Interest rates are rising and rising, up another 50 bps today. We are going through a construction boom. US equities are going through a slow motion crash, KiwiSaver balances are down. And sentiment is turning negative rapidly.

    The government won’t be able to collect a cent from ‘property wealth’, even if they introduce a comprehensive CGT tomorrow. The party is over.

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