Sweet Zombie Jesus what a handjob these rich pricks have been given! 346 Megalandlords who own at least 200 properties will get a tax cut of $1.3m each over five years – the total going to that group: $464m! The total cost for the whole lot, $3 billion less in tax collected over 4 years! The Real Estate Pimps have all self-asphyxiated, died and gone to heaven!
Meanwhile, just as the PM has lifted the red line test, he sells his 3rd property that benefits directly from that change…
PM Christopher Luxon sells third property of 2024
- Prime Minister Christopher Luxon has sold three properties so far this year.
- On paper, Luxon could have made almost $770,000 from the sales, but a tax expert says it’s not so clear cut.
- Earlier this year, Luxon was criticised for comments about his overall financial situation, after he said he was “wealthy and sorted”.
…in New Zealand, the poor pay for the mortgages of the rich.
There is a class war erupting between the Landlord Class and the Renter Class and this Government who they donate to are on the Landlord’s side. This is a Parliament of Landlords, for Landlords and in the interests of Landlords.
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Any idea why he’s selling? Has his bank put him on credit watch or something?
Could be going to do a runner.
I suspect he will do that also, while he won’t admit to making the mess he should be capable of seeing how bad things are and only going to get worse so he is taking the money to be ready to run.
Henry Filth “ Any idea why he’s selling “ Yep. He’s heeding the words of Jesus, “ Give all ye have to the poor and come follow me.” Or he’s going to become a philanthropist, ha ha.
Planning to consolidate? Perhaps buy a place in Te Puke, if he can find it.
He probably knows, or has had conversations that Treasury will say it’s time for CGT. You know like any other, not f’ing stupid, OECD country
Clearly he has information demonstrating that the property market is tanking and is expected to drop significantly further.
When the greatest ‘businessman’ to ever grace our shores,bales on mass, from what has been, for decades, a goldplated way to earn tax free dollars by doing next to nothing, one has to be suspicious of the motive.
Why don’t the media put that question to the greatest businessman of all time who is absolutely fantastic with numbers…
Question….” Why are you selling on a falling market when you are mortgage free”?
We should be proud as a nation that we have someone who has been successful in life running our country, compared to Jacinda, who did a runner when it got too hard for her.
The same Jacinda who appointed a soap salesman to head Air New Zealand, whence he slid in to head the Nats, with a little bit of help from his friends, and it’s been downhill ever since. Making pots of money from property isn’t a particularly useful societal contribution.
Oh dear Brigid, Luxon was appointed as CEO of Air NZ in 2012. Not in Jacindas era I believe.
However don’t let a fact disrupt your disgust.
An apology on this blog would be good.
But you never say that John Key did a runner, do you?
Spot on Steve , Key did a runner of epic proportions and Arden Made New Zealand Great Again.
Now we’ve gone so far backwards the dinosaur is now relevant.
Taking pot shots at Jacinda who was a great success and promoting an entitled prick says more about you than either of them unless of course your comment was sarcasm.
Since you forget to mention it you should have provided some context by mentioning that it was people from your side of the fence threatening her personally and her family that caused her to resign. While COVID management did not end as well as they started most of that was caused by ignorant people getting false information then insisting that it was true. I still know anti vax people who insist that there were thousands of vaccine deaths and people are still dying in large numbers from the vaccine, anyone vaccinated who dies they claim it was the vaccine even though they had cancer.
Just Make New Zealand Egalitarian Again then we can all be proud.
Can NZ make people like you F off?
Now the squashed middle should be able to see what an arsehole they elected .They all jumped on the hate band wagon and voted for this prick because they thought he was repealing stuff for their benefit while all along it was so he could make an extra $770k for the year .Next year he will sink the housing market after he sells a couple more houses then will bugger off .
Thanks self centered highly mortgaged people who thought they were rich and in Luxons group when in fact they are owned by the banks and really just have massive debt and if they sold everything and repaid that debt they would be bottom feeders .
Luxury Luxon has trousered another few hundred grand while thousands of working class people are being sacked for summer.
But do they get time to plan their next move? No-active harassment from WINZ/MSD is what they face-or scarpering to Australia if they can afford it.
If this clodhopper said that he was ‘ wealthy and sorted’, he’s a bigger vulgarian than Key and shouldn’t really be representing New Zealand in any global arena, he’s too cringingly awful.
Wow, you’ve actually thought of a way to say Key has a tiny bit of class.
And Ada, ‘NZ house values fall for 9th consecutive month, Auckland house stock swells’. You’d better get your daily dose of dodgy info. from the Herald this morning and stay up to date.
Joy I apologise for my misinformation here. I did not intend to imply that Key has any class when he has none. Perhaps it is that Chris’s vulgarity seems crasser than Key’s because he displays it in different ways, but neither can be regarded as well mannered, let alone well bred, IMO, and money isn’t really part of this equation, whatever Chris may think.
He is getting out because his polici8es are ‘putting downward pressure on rents’!!! 🙂
He’s not interested in taxed rental income, he’s concerned with tax free capital gain.
sooner he goes the better it will be worst P.M NZ has ever had
No, that prize still goes to John Key.
What about Jenny Shipley ? Remember her ? The owners of liquor stores won’t forget her absurd assertion that lowering the drinking age would morph Kiwi kids into temperate sophisticates from more civilised places than the Ashburton which spawned Jenny.
Yes, she was horrible, but in my view hadn’t the three terms to wreck as much havoc as Key, although she did her best. She was a vindictive nasty witch; she didn’t hide it unlike Key, who indulged in consummate lying every time he opened his mouth.
Sitting MP’s (or PM’s) with investment properties should not be able to vote on bills that enrich themselves or give themselves tax breaks.
They should have to abstain from voting on these conflicts of interest like any other matters.
Where are the journalists on this conflict of interest issue with MP’s?
Oh dear Brigid, Luxon was appointed as CEO of Air NZ in 2012. Not in Jacindas era I believe.
However don’t let a fact disrupt your disgust.
An apology on this blog would be good.
Maybe he is going to take over Air nz and finish the job he started and fuck it completly .After all all those planes he bought are grounded now because they dont have engines .So he will be able to buy them for a dollar each .Then his mates will sell him the rest for another dollar and write off all the money they owe the taxpayer .
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