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@Snowy how can you dodge a land tax though?
Assuming you mean the wealth tax?
I think the lower spending from land owners would be offset by more spending from everyone else through lower net tax.
Agree that due to current asset prices it is difficult
Particularly for those who havent ridden the huge capital gains on the way up, ie new buyers.
For me a lower income tax plus land tax is the easiest to implement hardest to dodge. But also incentivises productive investment.
I might have a look at nzs old land taxes as tbh I bavent looked at any case study just the theory makes sense. -
@Paekakboyz said in NZ Politics:
@Smudge so they've given the role to a builder? could have at least chosen one that starts the day with a nutritious pie!!
He needs to smash back a V to complete the look.
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@Smudge said in NZ Politics:
@Paekakboyz said in NZ Politics:
@Smudge so they've given the role to a builder? could have at least chosen one that starts the day with a nutritious pie!!
He needs to smash back a V to complete the look.
One of those 5 hundy cans!
I have no idea how people can drink that dross.
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@muddyriver said in NZ Politics:
@Snowy how can you dodge a land tax though?
Assuming you mean the wealth tax?
I think the lower spending from land owners would be offset by more spending from everyone else through lower net tax.
Agree that due to current asset prices it is difficult
Particularly for those who havent ridden the huge capital gains on the way up, ie new buyers.
For me a lower income tax plus land tax is the easiest to implement hardest to dodge. But also incentivises productive investment.
I might have a look at nzs old land taxes as tbh I bavent looked at any case study just the theory makes sense.Yes, wealth tax. Most peoples major assets are land so it's co related but not exclusive.
Where are the lower net tax rates? Who said that?
I simply don't have the income to pay the tax on my assets and would have to sell them.
The end result of a wealth tax for me would be leaving the country and taking my money out of a collapsed economy. Three families out of a home, six staff unemployed and two businesses closed down with 5 more people out of work.Huge capital gains are only real if you realise them. The actual return isn't great as rents lag gains and how do you pay the tax without the income?
Land taxes were a British thing centuries ago. They didn't work and was abolished in 1963.
See my comments regarding @dogmeat post (and rates) regarding land tax. It is better than CV and also not what a "wealth" tax would be.
Tell me how you nail the wealthy with stocks? At what value, on what day? How do you tax other assets? Should I move money from land to a massive boat and live on that? I've done it before and quite happy to again. It just won't be in a country that taxes me on a lifetime of work.
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@muddyriver said in NZ Politics:
Would expect drops in house prices and rents to reduce
Why would you expect rents to reduce? You don’t think that land owners will pass the additional tax onto tenants through increased rent?
whilst median take home pay to increase with drop in taxes.
What drop in taxes? There was no suggestion of lowering tax rates and the intention isn’t to redistribute the tax to higher earners. It has been clearly flagged up as a way to increase the overall tax take to fund additional spending.
more money floating around the economy, instead of going to australian banks.
As per above, there’s limited scope for new money floating around, it’s going to go into government coffers where it will become some of the least productive money in the economy.
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Surprised no one's posted here as read about in UK: https://www.stuff.co.nz/national/122023431/helen-clark-peter-gluckman-rob-fyfe-on-deficiencies-and-inaccuracies-in-isolation-system
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Well the privacy leak wasn't due to incompetence as I expected, it was Michelle Boag sending private data to Hamish Walker who sent it to media.
He is trying to twist it around to 'but I shouldn't be able to see it, so it is the govt fault for not password protecting it'
What a twat. Politicians constantly tell us that the media shouldn't be trusted but it is OK to send private data to them?
I bet Muller is fuming.
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@Toddy said in NZ Politics:
@Crucial any chance of criminal charges? That'd be awesome
Against Boag? I would think they’ll be looking at it.
I m not entirely sure why she was in the distribution list as acting CEO of the rescue helicopter outfit in the first place but still
NZ Politics