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5:30 pm, October 16th, 2025 - 1 comment
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 …
The equivalent to what happened with the $B envelope (with an escalation clause) for iwi settlements under the Treaty would be this coalition agreeing to restore the estate tax (1993).
But usually they occur alongside a gift duty (removed 2013, so the well to do could pass on money for their children to get a deposit for a house without any tax applied – this allowed many middle class families to feel wealthy from higher property values and avoid any tax on the passing on of that wealth).
The estate tax revenue from boomers would help with future revenue to government.
The cut in top income tax rate from 66 to 33% allowed some to invest and make untaxed CG. This enabled a wealth build up that leaves us at risk of class division.
The 19th C was one when the property owner could vote. The 20th C was one where those who could vote expected home ownership. The 21st C is one where home ownership might fall back to 19th C levels.