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View Poll Results: Should there be a Capital Gains Tax on Property

Voters
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  • No

    189 100.00%
  • Yes

    42 64.62%
  • Goff is just an idiot

    2,147,483,654 100.00%
  • Epic fail for Labour

    1,920 100.00%
Multiple Choice Poll.
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Results 196 to 202 of 202
  1. #196
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    Quote Originally Posted by Aaron View Post
    Having a mortgage free house rising in value each year, it must be infuriating seeing the less well off and young avoiding paying their fair share of GST by spending all their income on rent. Lucky we can still get them when they buy food so they can contribute like you aye FP.
    Not at all. It doesn't infuriate me and neither it should. Yes. I'm absolutely sure I pay more GST than said family who earns $23000 and rents. They should contribute just like I do when they spend of course. Just as their weetbix and underwear, their soap and shoe laces cost the same as mine. You must be terribly disappointed the retailers and manufacturers don't give them a discount.

  2. #197
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    Quote Originally Posted by Aaron View Post
    You really make things complicated Minimoke. Now we are discussing working for families. (I would note GST on $23,000 is $3,000.00 or $57.69 per week but that is being pedantic.)
    I don't believe I am complicating things. I am more accurately reflecting the story. It is impossible to talk about regressive tax in the context of the rich and poor without accounting for income. Like it or not Working for Families bolsters incomes so it must be taken into account.

    WWF is that inconvenient benefit people who spruik poverty consistently do not raise. Do you ever hear the "Living Wage " bleaters mention it. No of course not - because it undermines their position that people don't take much home
    after a being exploited by the capitalist employers intent only on exploiting the vulnerable.

    And as an aside you wont here the government advocate against Living Wage because it pushes the burdon of income from the tax payer onto the employer.
    Last edited by minimoke; 12-10-2017 at 06:31 PM. Reason: quote

  3. #198
    Guru minimoke's Avatar
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    Quote Originally Posted by Aaron View Post
    Having a mortgage free house rising in value each year, it must be infuriating seeing the less well off and young avoiding paying their fair share of GST by spending all their income on rent. Lucky we can still get them when they buy food so they can contribute like you aye FP.
    You are assuming FP's house does rise in value each year - which is not a safe assumption. Regardless, it is only a paper increase. The house isn't a machine that churns out cash that a home owner can spend. The only way to release the cash is to take a mortgage on which you will pay interest as well as return capital.

    The great thing about renting is you dont bear the "loss" when the roof over your head depreciates, or needs repairs

  4. #199
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    Not entirely so, Minimoke. As an eighty-year-old I could pull two or three hundred g's from my property and go cruising or whatever for the next few years without a worry in the world or I could greatly increase my successful investments. I do not have to worry about my offspring as they are already well ahead of me. But age has made me lazy or maybe just contented and I am happy with a couple of visits to the Club each week and a few drinks and a few bets on slow horses. Nobody has to die rich but a hell of a lot do.

  5. #200
    Guru minimoke's Avatar
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    Quote Originally Posted by craic View Post
    Not entirely so, Minimoke. As an eighty-year-old I could pull two or three hundred g's from my property .
    I'm not sure how you would do that without a reverse mortgage (or home equity release) loan. (more here: https://www.govt.nz/browse/housing-a...rse-mortgages/) And I'm trying not to complicate things with loans from family repayabel in inheritance or other tools that are availabe

  6. #201
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    Quote Originally Posted by minimoke View Post
    I'm not sure how you would do that without a reverse mortgage (or home equity release) loan. (more here: https://www.govt.nz/browse/housing-a...rse-mortgages/) And I'm trying not to complicate things with loans from family repayabel in inheritance or other tools that are availabe
    I think craic was suggesting he could trade down.

  7. #202
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    Quote Originally Posted by craic View Post
    Not entirely so, Minimoke. As an eighty-year-old I could pull two or three hundred g's from my property and go cruising or whatever for the next few years without a worry in the world or I could greatly increase my successful investments. I do not have to worry about my offspring as they are already well ahead of me. But age has made me lazy or maybe just contented and I am happy with a couple of visits to the Club each week and a few drinks and a few bets on slow horses. Nobody has to die rich but a hell of a lot do.
    As my wise Mother always said.. " There are no pockets in a shroud "..

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