Can we please pause and consider what the Gold Visa and changes to Overseas investment add up to?

Comrades.

I appreciate many of us are just keeping our heads above water with this never ending cost of living crisis and many of our whanau are working their fingers to the bone, but we must pay attention to the blitzkrieg of hard right policy being rammed through while we are all busy trying to survive.

The incredibly negative impact on the economy from this Government’s ideological experiment has borne a bitter, bitter harvest and no amount of of ‘we are fixing Labour’s mistakes’ can gloss over the fact that these negative economic conditions that we are experiencing ARE THE DIRECT RESULT of National’s own policies.

The ONLY thing that National are desperately holding onto now is selling citizenships to the mega wealthy and changing the Overseas Investment rules to allow Trans-National’s to exploit the housing market!

Dita De Boni reports that The Government is trumpeting the fact that 215 applications have so far been received for the rejigged Golden visa categories, with $1 billion in new money landing this year if all those who applied are approved.

Is this what we have become?

A country selling citizenship to multi-millionaires to prop up our economy?

The changes Winston has announced is to acquiesce to these 215 multi-millionaires…

Foreign buyers ban: Winston Peters says change to be announced this year, denies NZ First ‘softening’

Winston Peters expects a change impacting the foreign buyers ban will be announced this year, but the New Zealand First leader denies his party is “softening” its approach.

Consultation is under way within NZ First and any changes will have to go in front of the party’s coalition partners for consideration before any Government policy is confirmed.

Prime Minister Christopher Luxon has publicly said conversations are ongoing about allowing foreigners to purchase property here.

To get the green light to buy homes here, NZ First believes foreigners would need to make a significant investment to the New Zealand economy. The party also does not want to disrupt the housing market.

The Herald understands no proposal has yet been put before associate Finance Minister David Seymour, who has responsibility for the Overseas Investment Act.

…this Government has run out of economic ideas and is now trying to sell citizenship’s to prop the economy up while changing our Overseas Investment rules and yet no one seems to be aware this is happening because we have a dumbed down Seven Sharp and a NZ media built upon properly speculation advertising.

215 Multi-millionaires who are having the overseas investment rules changed for them + a Government desperate for revenue = bad times for the rest of us!

Can we please pause and consider what the Gold Visa and changes to Overseas investment add up to?

 

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