From Mother of Dragons to just another circler of wagons, the NZ ‘dream’ of untaxed property speculation will remain alive.
A cowardly decision by Jacinda to dump the CGT…
Government kills off capital gains tax, won’t happen on Jacinda Ardern’s watch
The Government has categorically rejected a capital gains tax.
Prime Minister Jacinda Ardern made the announcement this afternoon, saying there was no mandate – and no consensus – for a CGT.
In doing so she has rejected a key recommendation from the Tax Working Group – which cost an estimated $2 million to run.
“The Tax Working Group gave the Government, and the country, an opportunity to look at the fairness of our tax system and debate options for change,” she said.
…Boomers are laughing all the way to the bank while Gen Xers. Gen Y and Millennials rot under a rigged neoliberal free market that rewards intergenerational theft.
This boomer prick is laughing…
‘I’ll sell from my grave’: Multimillionaire Auckland landlord Peter Lewis baulks at capital gains tax
An Auckland landlord with 12 properties is unconcerned about a CGT for himself but thinks New Zealand’s 1 million-plus tenants could be in for a rough time.
“I’ll sell from the grave,” vowed Peter Lewis, 73,
…Jacinda is great when you need hugs and smiles and warm snuggles, she’s crap when confronting neoliberalism.
If she couldn’t push this through with 48% in the polls and after international praise for her leadership during the Christchurch atrocity, then she never will. They could have come in with a 15% CGT, half of what Cullen was proposing and pushed this through.
Shush now sweet egalitarianism, hushy hushy as Jacinda pushes the pillow down and silences off the last chance to rebalance the neoliberal economic structure.
This is a slap in the face to every worker who pays as they earn and a joke for the speculators.
The politics of kindness will only take you so far, at some point you have to throw a punch. She will claim it’s because NZ First wouldn’t budge, but this could have been negotiated – what if Labour had offered the one thing NZ First wants to get the CGT? A free run in Northland at the 2020 election. That would have convinced Winston to have budged.
Apparently the Wellbeing Budget actually referred to the welfare of property speculators – they are sweet as.
What an enormous waste of time that $2million review was.
When Business groups, farmers and landlords are happy about tax policy, democracy dies a little.