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@Kirwan said in So we are about to get taxed up a storm!:
@canefan said in So we are about to get taxed up a storm!:
@Kirwan said in So we are about to get taxed up a storm!:
@gt12 said in So we are about to get taxed up a storm!:
So, what do you think will happen to those existing properties?
Sold to homeowners, potentially at a lower than expected price to avoid the date for the CGT, removing them from the rental market. Flow on affect of reducing surrounding house prices, putting existing home owners in a precarious position too with their mortgage.
That reduces the number of renters too surely?
Not in the group that can't afford houses. The people that were going to buy homes anyway will be in a better position, but those that are struggling will have higher rents and less choice.
So basically those who can't afford are screwed either way.....
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@canefan said in So we are about to get taxed up a storm!:
@Kirwan said in So we are about to get taxed up a storm!:
@canefan said in So we are about to get taxed up a storm!:
@Kirwan said in So we are about to get taxed up a storm!:
@gt12 said in So we are about to get taxed up a storm!:
So, what do you think will happen to those existing properties?
Sold to homeowners, potentially at a lower than expected price to avoid the date for the CGT, removing them from the rental market. Flow on affect of reducing surrounding house prices, putting existing home owners in a precarious position too with their mortgage.
That reduces the number of renters too surely?
Not in the group that can't afford houses. The people that were going to buy homes anyway will be in a better position, but those that are struggling will have higher rents and less choice.
So basically those who can't afford are screwed either way.....
No, they will be in a worse position. The opposite of what Labour campaigned on.
Rents are going up from the removal of the letting fee, the new Tywford rules on heaters, etc and now CGT. Like I said above, add in the Petrol tax increases, and the poor are getting screwed hard in Labours attack on landlords.
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@Kirwan said in So we are about to get taxed up a storm!:
No, they will be in a worse position. The opposite of what Labour campaigned on.
Rents are going up from the removal of the letting fee, the new Tywford rules on heaters, etc and now CGT. Like I said above, add in the Petrol tax increases, and the poor are getting screwed hard in Labours attack on landlords.
Unintended consequences. IT's what smacks you down, and it's learned the hard way in the real world.
Try to save the climate by stopping oil exploration? Watch additional emissions as we import more oil.
Try to reduce house prices by imposing CGT and minimum standards? watch rents go up and supply drop
Reality has a nasty way of biting ideology on its arse
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@Kirwan said in So we are about to get taxed up a storm!:
@canefan said in So we are about to get taxed up a storm!:
@Kirwan said in So we are about to get taxed up a storm!:
@canefan said in So we are about to get taxed up a storm!:
@Kirwan said in So we are about to get taxed up a storm!:
@gt12 said in So we are about to get taxed up a storm!:
So, what do you think will happen to those existing properties?
Sold to homeowners, potentially at a lower than expected price to avoid the date for the CGT, removing them from the rental market. Flow on affect of reducing surrounding house prices, putting existing home owners in a precarious position too with their mortgage.
That reduces the number of renters too surely?
Not in the group that can't afford houses. The people that were going to buy homes anyway will be in a better position, but those that are struggling will have higher rents and less choice.
So basically those who can't afford are screwed either way.....
No, they will be in a worse position. The opposite of what Labour campaigned on.
Rents are going up from the removal of the letting fee, the new Tywford rules on heaters, etc and now CGT. Like I said above, add in the Petrol tax increases, and the poor are getting screwed hard in Labours attack on landlords.
It's the same old shit. They try to tax the 'rich', but it is their own people that lose out
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In terms of wealth redistribution apparently anyone earning less than 65K p.a. will gain about 50K towards their retirement (*not sure of the term) while those above will lose the same
the shocking thing for me was you only need to have nett worth of $400,000 to be in top 10% of kiwi's. I don't want to come over all Wellingtonian on a 6 figure salary but 400K!
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@taniwharugby said in So we are about to get taxed up a storm!:
@canefan yeah the way they are painting it is wrong, they are talking about bringing those at the top down and closer to those at the bottom through taxation, rather than bringing those at the bottom up.
one appears way easier than the other. And paints the right picture to the right people.
In reality you bring the middle back, as the top find ways around it.
And the Big 4 accounting firms and the lawyers make bank.
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@mariner4life for sure...but just idiotic way it is being 'sold'
But those at the bottom of the tree, are these people voters? Sure I might be generalising/stereotyping, but often many of the lower socio-economic demographic the Govt 'claims' they are trying to help, dont vote or notice that extra $40 a month or whatever they get.
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@canefan said in So we are about to get taxed up a storm!:
@Kirwan said in So we are about to get taxed up a storm!:
@gt12 said in So we are about to get taxed up a storm!:
So, what do you think will happen to those existing properties?
Sold to homeowners, potentially at a lower than expected price to avoid the date for the CGT, removing them from the rental market. Flow on affect of reducing surrounding house prices, putting existing home owners in a precarious position too with their mortgage.
That reduces the number of renters too surely?
Yes but by not enough, the occupancy rate of renters is far higher than owner occupier, every house that goes from rental stock to first home buyer means there is less occupancy used. Creates a MASSIVE rental shortage very quickly.
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@SammyC said in So we are about to get taxed up a storm!:
I guess I’m as biased as everyone on here though (to the other side) as I won’t vote national tho unless they drag themselves out of the dark ages with their approach to drug legislation, crime and the environment.
So what have this govt done in these regards that is so good? Or even better than national govts?
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@Baron-Silas-Greenback said in So we are about to get taxed up a storm!:
@SammyC said in So we are about to get taxed up a storm!:
I guess I’m as biased as everyone on here though (to the other side) as I won’t vote national tho unless they drag themselves out of the dark ages with their approach to drug legislation, crime and the environment.
So what have this govt done in these regards that is so good? Or even better than national govts?
We are getting a referendum on cannibus legislation aren’t we? Which National seem to be vigorously opposing.
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@SammyC said in So we are about to get taxed up a storm!:
@Baron-Silas-Greenback said in So we are about to get taxed up a storm!:
@SammyC said in So we are about to get taxed up a storm!:
I guess I’m as biased as everyone on here though (to the other side) as I won’t vote national tho unless they drag themselves out of the dark ages with their approach to drug legislation, crime and the environment.
So what have this govt done in these regards that is so good? Or even better than national govts?
We are getting a referendum on cannibus legislation aren’t we? Which National seem to be vigorously opposing.
I’ve heard this several times recently. Apparently referenda are a good way to spend $26m when Labour and the Greens have them but a waste of money when National does. Is that how it works?
Just for the record, I consider cannabis legislation to be equally as important as what colour flag I don’t fly on the flagpole I don’t have. That is, not important at all, but if you want to measure the quality of a government on such things, more power to you.
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@SammyC said in So we are about to get taxed up a storm!:
@Baron-Silas-Greenback said in So we are about to get taxed up a storm!:
@SammyC said in So we are about to get taxed up a storm!:
I guess I’m as biased as everyone on here though (to the other side) as I won’t vote national tho unless they drag themselves out of the dark ages with their approach to drug legislation, crime and the environment.
So what have this govt done in these regards that is so good? Or even better than national govts?
We are getting a referendum on cannibus legislation aren’t we? Which National seem to be vigorously opposing.
The best example you can give is a referendum on something and not actual meaningful and positive change.
That's a pretty piss poor show from Princess Rainbow Sparkles thus far don't you think? -
@JC said in So we are about to get taxed up a storm!:
@SammyC said in So we are about to get taxed up a storm!:
@Baron-Silas-Greenback said in So we are about to get taxed up a storm!:
@SammyC said in So we are about to get taxed up a storm!:
I guess I’m as biased as everyone on here though (to the other side) as I won’t vote national tho unless they drag themselves out of the dark ages with their approach to drug legislation, crime and the environment.
So what have this govt done in these regards that is so good? Or even better than national govts?
We are getting a referendum on cannibus legislation aren’t we? Which National seem to be vigorously opposing.
I’ve heard this several times recently. Apparently referenda are a good way to spend $26m when Labour and the Greens have them but a waste of money when National does. Is that how it works?
Just for the record, I consider cannabis legislation to be equally as important as what colour flag I don’t fly on the flagpole I don’t have. That is, not important at all, but if you want to measure the quality of a government on such things, more power to you.
I’m sure there are people in National who aren’t opposed to legalising dope that are campaigning against the referendum in the same way changing the flag was labour policy in the 2014 election yet they tied themselves in knots campaigning against it . I don’t really care either way whether dope is legal but I’m more than happy for National to get a bit of utu if they want after the behaviour of labour and their shills over the flag.
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@jegga said in So we are about to get taxed up a storm!:
... their shills over the flag.
What cheesed me the most is that while I'm not opposed to a flag change to a decent flag, the thing I'd prioritise is our national anthem. Hard to feel patriotic when it feels like a funeral dirge.
IT's so bad, these guys could have it as their anthem:
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@Frank said in So we are about to get taxed up a storm!:
@SammyC said in So we are about to get taxed up a storm!:
@Baron-Silas-Greenback said in So we are about to get taxed up a storm!:
@SammyC said in So we are about to get taxed up a storm!:
I guess I’m as biased as everyone on here though (to the other side) as I won’t vote national tho unless they drag themselves out of the dark ages with their approach to drug legislation, crime and the environment.
So what have this govt done in these regards that is so good? Or even better than national govts?
We are getting a referendum on cannibus legislation aren’t we? Which National seem to be vigorously opposing.
The best example you can give is a referendum on something and not actual meaningful and positive change.
That's a pretty piss poor show from Princess Rainbow Sparkles thus far don't you think?On the positive side she has created loads of jobs. Those working groups aren’t going to run themselves you know. And all those consultants on $1400 a day will probably end up paying CGT, so wins all round.
https://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=12140239
$250m is a lot of cash. I’m glad it isn’t being wasted.
Seriously though, why don’t the media ask the obvious question, which is “Why do you need a bigger tax take, Cindy? What are you going to spend it on, more consultants?”
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@JC said in So we are about to get taxed up a storm!:
@Frank said in So we are about to get taxed up a storm!:
@SammyC said in So we are about to get taxed up a storm!:
@Baron-Silas-Greenback said in So we are about to get taxed up a storm!:
@SammyC said in So we are about to get taxed up a storm!:
I guess I’m as biased as everyone on here though (to the other side) as I won’t vote national tho unless they drag themselves out of the dark ages with their approach to drug legislation, crime and the environment.
So what have this govt done in these regards that is so good? Or even better than national govts?
We are getting a referendum on cannibus legislation aren’t we? Which National seem to be vigorously opposing.
The best example you can give is a referendum on something and not actual meaningful and positive change.
That's a pretty piss poor show from Princess Rainbow Sparkles thus far don't you think?On the positive side she has created loads of jobs. Those working groups aren’t going to run themselves you know. And all those consultants on $1400 a day will probably end up paying CGT, so wins all round.
https://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=12140239
$250m is a lot of cash. I’m glad it isn’t being wasted.
Seriously though, why don’t the media ask the obvious question, which is “Why do you need a bigger tax take, Cindy? What are you going to spend it on, more consultants?”
The spin from labour about the costing is very Blairite .
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Arderns experience was i night a week as a teenager at a fish and chip job . She did work for Blair though which is how she can come out with this
“To ensure we knew what she was banging on about she reminded us that she grew up in Morrinsville, in a small town rural community. All of her jobs were mostly with small businesses and she knows the debate going on in rural New Zealand and their views will be heard, she insisted.”
So we are about to get taxed up a storm!