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@nzzp said in NZ Politics:
@taniwharugby said in NZ Politics:
@nzzp said in NZ Politics:
One of the reasons I was cross with National
haha, I think you are the first person that wasnt my Nan I have seen/heard use the word 'cross' :smiling_face_with_open_mouth_closed_eyes:
how do you know I aren't your Nan? This is the internet, dude, we're not all 40ish white guys sitting on the couch with cheeto stained grubby white vests in our Y fronts.
Most, not all.
There's a lot of Polish chicks too. Which makes conversing a lot more attractive than your image.
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wealth tax too difficult to admin too many loopholes. net neutral land tax off set by income tax reduction or UBI whatever is best.
cost of housing/rent is strangling western economies, hurting families and communities. if assets are not productive they should not be the backbone of our economy (housing-and credit creation)how to work the land tax without crippling farmers who are mostly running on poor yields with huge debt i dont know.
land tax is better than TOPs and greens asset/wealth tax as it encourages development of land to allow higher yields. whilst also reducing speculation and land banking. Would expect drops in house prices and rents to reduce whilst median take home pay to increase with drop in taxes. more money floating around the economy, instead of going to australian banks.
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@muddyriver People (like me) will just move their assets. Land /property tax has been tried before. It doesn't work. Rates are bad enough.
Yes, property prices will drop resulting in lower net worth to tax.
Yes, lower rents and lower spending overall from land owners.
So a general recession in the economy is what they are after?It's a race to the bottom and yay, everybody can be poor.
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@Snowy said in NZ Politics:
@muddyriver People (like me) will just move their assets. Land /property tax has been tried before. It doesn't work. Rates are bad enough.
Yes, property prices will drop resulting in lower net worth to tax.
Yes, lower rents and lower spending overall from land owners.
So a general recession in the economy is what they are after?It's a race to the bottom and yay, everybody can be poor.
It's about punishing "rich" people who have only known success because of who they have oppressed.
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Although TBF, our tax brackets probably do need amending more than anything.
I mean someone earning $70k is in the top bracket (33%) and then the next one down is $48k - $69k (30%)
NZ Average salary is supposedly just under $80k, yet those earners are all in the top bracket.
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@Kirwan said in NZ Politics:
@Snowy said in NZ Politics:
@muddyriver People (like me) will just move their assets. Land /property tax has been tried before. It doesn't work. Rates are bad enough.
Yes, property prices will drop resulting in lower net worth to tax.
Yes, lower rents and lower spending overall from land owners.
So a general recession in the economy is what they are after?It's a race to the bottom and yay, everybody can be poor.
It's about punishing "rich" people who have only known success because of who they have oppressed.
Not that I am rich but, yeah I'm not doing very well with the oppression thing. I need to try harder. The 40+ years of work, and bringing the money back to NZ, and employing people, and I'm about to go on another rant...
Tax my assets and at least one of my staff would have been out of work during this mess. I paid for them, not the government, they still could pay their rent, feed their families, etc, and I don't trust the powers that be to do so. Take that ability to manage away from SME is a horror show of unemployment and poverty.
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@dogmeat said in NZ Politics:
@Snowy Coincidentally the Chief Economist for Akl Council published his thought on this very subject today
@Snowy 's head to explode in
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1Absolutely not. I agreed with a lot of that. The way rates are "valued" is one of my gripes.
Most of what I said earlier was on an additional land / wealth tax from central government. We already have that from local government.
LV versing CV makes more sense and does encourage sensible development. At the moment if I build on a property the CV goes up and the rates do too. The land value won't have changed much, it's got a view, etc. The incentive to improve a property with planting, building isn't there if you have to pay increased rates. The whole services and roading thing is relevant too.
Thanks for putting that up. A good read and appears to be really practical.
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@dogmeat said in NZ Politics:
@Snowy Glad you liked it. I'm in favour as well. David Norman (Chief Economist) puts out a monthly newsletter which is usually thought provoking. I've met him and he has a knack of communicating detail in a simple way.
I think that you just called me simple...
NZ Politics