sharetrader

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

Voters
131. You may not vote on this poll
  • No

    213 100.00%
  • Yes

    74 56.49%
  • Goff is just an idiot

    2,147,483,658 100.00%
  • Epic fail for Labour

    1,935 100.00%
Multiple Choice Poll.
Results 1 to 10 of 1008

Threaded View

  1. #10
    Junior Member
    Join Date
    Jan 2010
    Posts
    23

    Default

    Quote Originally Posted by Lizard View Post
    One issue with CGT as a form of revenue is that it tends to dry up just when the economy is at its weakest, thereby dealing a double blow to govt accounts and capacity to stimulate.
    Sorry, but that is totally incorrect.

    The sovereign government that issues its own non convertible currency never has nor doesn't have dollars, and ALWAYS has the ability to spend/stimulate. Government spending is NOT funded by taxation or the issue of securities, and the extent to which the government collects taxes does not in any way limit the governments capacity to spend (despite politicians and commentators telling you otherwise). Think of it this way - how can the NZ government "run out" of dollars, when they create them out of thin air on a spreadsheet?

    The only issues with a capital gains tax are there is normally plenty of loopholes, and other taxes are potentially more efficient.
    Last edited by rpcas; 15-04-2011 at 03:11 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
  •