Capital Gains Tax

[Balance]

The private sector is heavily in debt.. the NZ govt has an AA+ credit rating, enough said.

Ignoramus Labour peasant panda-nz - tell us about you wanting Ryman to load up with more debt to do a share buyback when it was close to debt default.

[ValueNZ]

The private sector is heavily in debt.. the NZ govt has an AA+ credit rating, enough said.

Funny how a decade of loose monetary policy incentivises firms to take lots of debt on, isn't it? The governments ability to repay debt on time is by no means an indicator of its ability to efficiently allocate resources. Private institutions are driven by profit, meaning where its necessary firms will enter and exit markets. What are government employees incentivised by?

[Panda-NZ-]

Ignoramus Labour peasant panda-nz - tell us about you wanting Ryman to load up with more debt to do a share buyback when it was close to debt default.

Ryman is heavily in debt yes.. as are many businesses and consumers. The govt though, not so much.

[777]

Ryman is heavily in debt yes.. as are many businesses and consumers. The govt though, not so much.

You really live in another universe.

[Panda-NZ-]

You really live in another universe.

One with facts and figures in it.

An AA+ credit rating and looking relative to the international environment (where everyone has taken the same approach).

[Balance]

You really live in another universe.

It’s ok - let him post the garbage which comes from the Labour Party.

Helps the electorate out there know what kind of clowns are in the Labour Party.

[ValueNZ]

One with facts and figures in it.

An AA+ credit rating and looking relative to the international environment (where everyone has taken the same approach).

Like I said before, a high credit rating for the government does not mean they would be able to spend the capital gains tax dollars better than individuals would.
Also Balance, lets attack the arguments rather than the people

[nztx]

The private sector is heavily in debt.. the NZ govt has an AA+ credit rating, enough said.

So taxing the backsides off the Private Sector just so the Central Govt bureaucracy can blunder on in wasteful squandering is the answer ?

Very soon the AA+ buckles when those being harvested are no longer harvestable

It all sounds like a dumb shortsighted Socialist scheme for killing the golden goose ..

Only a Dumb Socialist would try revisiting past history, rejection of the idea and previous
failed CGT initiatives few on the front bench knew how they would operate

There is a whole Labour front bench of that sort of desperate deficient talent ..

[Panda-NZ-]

So taxing the backsides off the Private Sector just so the Central Govt bureaucracy can blunder on in wasteful squandering is the answer ?

It's often the other way around, they will be cap in hand to the govt after any disaster.. GFC corona, earthquake, flooding etc.

[nztx]

It's often the other way around, they will be cap in hand to the govt after any disaster.. GFC corona, earthquake, flooding etc.

The Bureaucracy have spent how many hundred years firmly attached to the tit of private sector and private enterprise sucking away ?

Without it they would wither and die - would they not - peasant friend ?

You like South America - say Costa Rica ?

Many peasants there and smart money all run away

If Comrade Parker wants to start poking the tigers at large, then he and his incompetent mates risk get badly bitten or savaged yet again - surely ?

It wouldn't be the first time an incompetent mob of Labour nincompoops have tried their luck and paid a price for their stupidity