Come on Labour – Honour Michael Cullen with a memorial Capital Gains Tax
Jacinda Ardern fights back tears in memorial service to Michael Cullen
Prime Minister Jacinda Ardern choked back tears at a memorial service for Sir Michael as she read aloud the last text message she sent to him.
“Michael at the risk of sentimentality which I suspect you probably hate I wanted to say thank you. You will never know the impact you have had on me.”
“Thanks for always having time for me no matter what stage in my political career. Thank you for your intellect, your humour, your kindness. There is no one like you Michael. I am so lucky to have known you. Lots of love from me.”
Why not celebrate the political life of Michael Cullen than with the memorial Cullen Capital Gains Tax?
Or if Jacinda will point to her promising not to do that as the reason we can’t, how about the memorial Cullen Rebalancing Tax (an inheritance tax on everything except the family home) or even the Cullen Financial Transactions Tax.
Cullen showed more courage to change tax in death than this Labour Government have in life, it would be a fitting tribute that a major new tax be named after him.
The challenge for Labour is the challenge they always face in power, regulating capitalism and redistributing wealth.
Give life to Cullen’s legacy, make it a tax.
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I can’t see any point in capital gains tax on housing any more as its only capital loss from now on.
Using what was always going to happen as a result of the utterly self serving actions of a corrupted tory cabal as the current excuse not to do what most of the world did years ago to counter the obvious damage done by profligate speculation, is both disingenuous and Delusional.. NZ not having a CGT allowed the criminal Key to open the floodgates to Chinese landbanking, and attract northern hemisphere oligarchs’ to buy up huge tracts of land to build their “bunkers” on, or under, when their predatory behaviour presages the inevitable pushback from those it deems worthy of interference/exploitation, à la WW3… Your “argument
is without merit on any level… Stop waving your blue card.. This is no longer “Little England”..
@ New View “I’m from the right and have paid CGT death duties in the past. I didn’t like it then but can understand why a well thought out tax to stop excessive accumulation of wealth is needed.”
All the more reason to have a capital gains tax as the cornerstone of Chris Luxon’s revised Tax Policy the New View. The right keep keep saying that Labour have no guts to implement a CGT. The right are fucking hypocrites when it comes to CGT, and humanitarian, or social considerations.
Memorial CGT.
Why?
He never tried to bring one in when he was in government, as it would have been political suicide.
A CGT isn’t all the answer I hear. But it would be a start. and some peoople would no doubt shed tears of gratitude for something done by Labour. We could stop thinking of ourselves possibly being described by them as Our Lab! Do it now I suggest, to come in before the election.
National and ACT and Destiny and New Conservatives won’t introduce a CGT.
New view August 14, 2022 at 9:19 am
“a well thought out tax to stop excessive accumulation of wealth is needed”
A couple of dead giveaways as to why the alliance of the damned right, would not introduce a CGT:
National “a well thought out tax to stop excessive accumulation of wealth is needed”
ACT “a well thought out tax to stop excessive accumulation of wealth is needed”
Destiny“a well thought out tax to stop excessive accumulation of wealth is needed”, means fewer tithes
Newish Conservatives “a well thought out tax to stop excessive accumulation of wealth is needed”
I think we’ve put New View’s belief that National and ACT will introduce CGT. Mike drop – reverb and repetition!
His brother maybe, socialist unionists, times apart, yet socialist.