Neoliberalism has run its course and displayed its profound inability to address inequality issues. It makes the poor get ever poorer while the affluent top 10% ticks of society get bloated and increasingly insufferable on untaxed capital gains. In 2017 Jacinda Ardern set a goal of bringing all children out of poverty within six years. So how is that going? And what are the next steps?
Let’s talk about why houses, art, and basically everything should be in the new Capital Gains Tax that Labour and New Zealand First should get onboard with, contrary to their reservations.
The Tax Working Group says the gaping holes in our tax system make it unfair and undermine its integrity, but the prospect of the electorate embracing even its limited recommendations on taxing capital gains make for depressing contemplation.
Don’t hold your breath for recommendations of radical tax reform from the Tax Working Group. Chair Sir Michael Cullen says the 2020 election will be a referendum on tax and he is already kicking for touch
A month ago Labour announced that Sir Michael Cullen would chair the tax working group and the National Party was cock-a-hoop! Steven Joyce […]
The numbers of National’s tax money go round leaked to the SST. I have worked out who wins and who loses. Key claimed that no-one will be worse off and the bulk will be much better off but 10% are worse off and 80% get next to nothing (without even counting the rent hikes). The elite get $100 in net tax cuts for every $1 the typical Kiwi gets.
The Brash Report was supposed to tell us how to catch up to Aussie, as per Key’s promise. It was just the same […]
