Comments on: More Childcare, Bank review and Wealth Tax – why are Labour more conservative than what people are calling for?

By: mikesh

mikesh — Fri, 10 Mar 2023 20:19:24 +0000

In reply to RosieLee.

A wealth tax would be better since it would be levied on a regular basis – annually, half yearly or quarterly. The trouble with CGT is that it doesn’t seem to discourage property price increases. This is probably because it is a bit like “slamming the stable door after the horse has bolted”.

By: Trevor

Trevor — Thu, 09 Mar 2023 20:18:35 +0000

In reply to RosieLee. Not everyone wants to be a home owner so if people are penalized for having a rental property ere are going to live . The tate are not building enough and even if they did they have proven to be a poor landlord as they are slow to over on anti social clients due to fear of a backlash. I am not against CGT on those that turn over their property in less than 2 years as they are speculators and can factor in the tax into their business.

By: joseph

joseph — Thu, 09 Mar 2023 09:15:41 +0000

Bank Profit Export Tax
Financial Transaction Tax
Alphabet Revenue Tax

By: RosieLee

RosieLee — Thu, 09 Mar 2023 03:36:15 +0000

CGT. CGT. CGT

By: Trevor

Trevor — Thu, 09 Mar 2023 02:51:31 +0000

Labout are against a review into banking despite all other parties wanting one.
Labour are against a review on forestry despite most party wanting one .NZF have been quite on this
Labour do not want to go to deep into the fishing industry along with NZF
Labour took power from children’s commissioner despite all other parties and NGO wanting him to have power to check Oranga Tamariki.
Labour has vested interest in all these areas and with the polls so close do not want to ruffle any feathers

By: RosieLee

RosieLee — Thu, 09 Mar 2023 02:38:55 +0000

CGT – on all but the family home and possibly bach. Labour chickened out of this and the need for it couldn’t be clearer – let’s ping these multiple property owners who, let’s face it, are in it for the capital gain. People only need one home to live in and property should not be a source of speculative “wealth”. What’s not to understand. A socalled wealth tax will just mean that the wealthy will continue to hide their wealth in various ways.