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5:30 pm, June 5th, 2026 - 11 comments
Categories: Daily review -
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Daily review is also your post.
This provides Standardistas the opportunity to review events of the day.
The usual rules of good behaviour apply (see the Policy).
Don’t forget to be kind to each other …
https://www.thepost.co.nz/politics/361017556/budget-2026-nicola-willis-asks-country-grow-bit
Understanding TOP
Morgan created a party that would not be attractive to homeowners, but would be to those renting without ambition to own.
This would with MMP, undermine the left wing collective vote, but not the right.
1.Gareth Morgan wanted a nation that ended focus on home ownership. He wanted more people renting for life – paying into KiwiSaver to afford their retirement.
More of a rentier economy where much more of the property was owned by funds, corporations or landlords.
It means a future with higher compulsory contributions into KiwiSaver – that or working longer would be required rather than a choice (or greater taxpayer subsidy of aged people rent).
The simple alternative to a land tax is a CGT on residential & commercial property and an estate tax (a progressive means based property asset tax paid when everyone owning land property can afford it).
National removed the estate tax in 1993 (given this was the only means Muldoon had for affording his 1975 tax paid National Super in boomer retirement period – it needs to be restored pronto) and the stamp duty in 1999 (this should be restored for property over $1M at 1% this would raise around $1.2Bpa – more if it was progressive 2% over $2M and 3% over 3M etc).
I like that Stamp Duty proposal. Also good it doesn't sound like a tax.
I shifted the link up under the quote so it’s more clear that the rest of the comment isn’t from there.
If you are going to use AI, please provide the references that AI is using (ask it if it doesn’t supply them up front). Please also make it clear if you are copy pasting from AI or not.
If this is your own opinion, I’d like to know how you came to the idea that
“Gareth Morgan wanted a nation that ended focus on home ownership. He wanted more people renting for life – paying into KiwiSaver to afford their retirement.
More of a rentier economy where much more of the property was owned by funds, corporations or landlords”
I did not use AI.
I thought this was common knowledge. It was widely reported at the time.
Anyone can google the above quote and get multiple links, not one will be AI.
I hadn't heard it framed in that way before. You don't need citations, saying it's your own memory and knowledge is enough (unless someone challenges the opinion).
Gareth Morgan stated his reasoning at the time for founding the party.
He was concerned about rising home values (to income), investment in property for CG and the lack of saving for retirement (he ran a KiwiSaver company) and looking for a solution.
His proposal had the impact of undermining common cause on the left – that may, or may not, have been the intent.
Stamp duty (over $M) financing government involvement in housing supply and cost subsidy, a CGT (in part to direct investment away from CG) and estate tax (to manage the Super cost) was the better path.
He was unwilling to propose the left wing alternative.
thanks, that's very interesting.
It's hard to see how the party can move on from its roots.
Oh good ideas for Labour to act on, because ACT won't. Please pull finger now Labour as comments may become more vulgar as the election draws nearer. But would you then be thinking of trading on a sympathy vote? Time to draw sword and repel wealthy pirates!
Just been watching this incredible documentary Once Upon A Time In Iraq, https://en.wikipedia.org/wiki/Once_Upon_a_Time_in_Iraq
"Once Upon a Time in Iraq is a 2020 British documentary television miniseries directed by James Bluemel and narrated by the British-Iraqi actor Andy Serkis.[1][2] Composed of five episodes, it features interviews with Iraqi citizens, American military personnel and international journalists about the Iraqi conflict and its effects on the Iraqi people.[3][4]"
"The Guardian called Once Upon a Time in Iraq "a gripping, harrowing masterpiece" and praised its content, noting the use of interviews with people who were there, as opposed to prioritising interviews with politicians and analysts.[25] New Statesman called it a "duty" to watch and praising Bluemel's storytelling.[26] However, a review in The New Arab criticised the series as an incomplete representation of the Iraqi experience, and decried the "editorial decision to airbrush British complicity and the participation of British forces in Basra from the story".[27]"
Harrowing is right, so depressing, & what a fucking mess.
[15 links is way too many and triggers auto-spam filter – next time paste it as plain text, thanks – Incognito]
Mod note
ok.