So where are all these rich pricks going to flee if Greens Tax them more?
The greatest argument the elites can make when attacking the Green Party Tax policy is that the mega wealthy will all leave NZ if we do.
Really?
And where exactly will they be going?
Highest income tax rates by country
• NZ: 39%
• Australia: 45%
• UK: 45%
• Ireland: 40%
• Germany: 45%
• France: 45%
• Norway: 47.4%
• Sweden: 52.3%
• Denmark: 55.9%
• Finland: 44%
• Netherlands: 49.5%
• Switzerland: 40%
• Belgium: 50%
Everywhere else has higher taxes.
Tax the rich.
Tax them now.
Independent Media is more important than ever, especially in the lead up to the Election. TDB is the largest Left Wing Blog in NZ and we have been operating for 13 years now. We get zero funding g from NZ on Air and we don’t have no rich backers. If you can donate please do so here or directly into our account – 12-3065-0133561-56
I dont see the need to increase the top tax rate .We just need to ensure the loop holes are closed so they are actually paying the 39% instead of the current 9 % .Lets not forget that in the 60s the top rate was 60% and the equivilant of 30k ,in todays money ,was tax free for all .Yet we were able to build schools roads hospitals power lines and other needed infrastucture .Just google tax essays by Paul Goldsmith and all will be revealed how the tax take was flipped on its head so the rich pay fuck all and the poor pay the most .
I hardly think the wealthy sorted Luxonites or the corporate parasites are the least bit worried about a policy only around 10% of the polled public say they support.
Hipkins hardly waited for the policy being released before slamming the door shut on ever considering it.
The Greens always promote these ideas but then turn around and run for cover rather than standing up to the free market Labour leadership.
Then the inevitable neoliberal battering ram begins in earnest on how implementing a progressive tax policy will simply be the end of our tax haven economy.
The wealthy and their influence help control this economy and the country and don’t care if people support and are given the option to vote for it they will oppose any change as they did in the winter of discontent in 2000 after the Clark government was elected when they ignored that we had a general election and expected no change in economic policy after the Shipley government had fallen.
Rich pricks control our tiny Island nation and own every single one of us.
I’m sure Elon can take them to Mars.
They ain’t going anywhere, most of their assets are property, and land isn’t something you can put in your pocket when you jet off to a tax haven. So lets tax the pricks.
It’s just another tantrum because they can’t dictate what they want and know they are onto a good thing here! Time NZ at least matched Australia’s 45c top tax rate. To those who are giving, because they are doing so well, a big thank-you. To those ‘top-feeders’, who consider the needy to be ‘bottom-feeders’ so don’t give a damn, you have no heart or soul, in fact you are empty and vacuous! So we won’t give a hoot if you leave our shores as you are not ever going to change since your sole focus is on ME ME ME! Keep living your selfish, self-centred, smug lives but when there is no-one to do your cleaning, gardening, stock the supermarket shelves etc. you may, but only may, realise there is more to life and ‘giving’ is way more satisfying than continually ‘taking’!
The wealthy don’t have to have high incomes so the income tax rate comparison is a bit misleading.
What if you inherited your wealth or are retired but sitting on a big asset pile? Low income in comparison to the wealth the GP will tax them on.
Rich pricks can always take their dirty money and launder it in the Cayman Islands.
Oh, I forgot.
They already do.
Very good point 😂
Let them go to America, they deserve each other.
How does this capital flight work?
A number of participants on the NZ Rich List are Supermarket owners. They could up and leave. They could sell their supermarkets and homes and sell their NZ stock market shares but the supermarkets and their staff will still be here. Their customers will still be here to be gouged. Someone will buy the supermarkets and houses and shares. The assets will still be here, and the income those assets produce will still be produced. The assets and income can still be taxed. And the investment opportunities for the next capitalist to come along will still be here.
The difficult question is what is “rich” in NZ? Every homeowner in Auckland with a paid-off mortgage is “rich” in-the-world.
And,
which parties are going to do something about the cost of tax contributing to the immediate cost-of-living crisis? Which parties are going to stop taxing food?
NO GST ON FOOD!
It’s always been nonsense to claim they’d leave the country if we hurt their feelings by expecting more from them. If they were going to do that, they’d have done it ages ago.
They are very mobile so they can go anywhere, anytime. Yet strangely enough the ultra wealthy seem to be coming here and building their useless bunkers.
(Who do they think will look after them, clean their toilets etc. when the balloon goes up?)
These people generally don’t employ thousands because they don’t actually make anything useful, just hot air. Would they be missed?