View Poll Results: Should there be a Capital Gains Tax on Property
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No
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Yes
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Goff is just an idiot
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Epic fail for Labour
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Originally Posted by lou
It might sound extreme but land taxes are the only tax that do not produce a dead weight loss. Just some food for thought.
How would it be applied? Cant be by area or farms wouldn't be viable so it must be by 'ratable value'. Given that is somewhat arbitary it doesn't seem fair. Plus it creates cashflow issues to those that own land with no income.
Why not go to a full consumption tax (ie. GST). You need to buy what you need to buy.
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