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notices and features - Date published:
5:30 pm, September 8th, 2023 - 12 comments
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Dirty politics from Davey 'princess party' Farrar himself.
Greg O'Connor
@GregOhariu
That’s one of our flyers from the 2020 election. Thanks for promoting some of the great work our Labour Government has done for the people Ōhāriu, though. Here’s our 2023 flyer…
https://twitter.com/GregOhariu/status/1699998390866874728
https://www.invajy.com/wp-content/uploads/2021/05/Confucius-Quotes-1-600×400.jpg
https://www.invajy.com/wp-content/uploads/2021/04/Confucius-Quotes-and-sayings-2-600×338.jpg
https://www.azquotes.com/picture-quotes/quote-virtue-is-not-left-to-stand-alone-he-who-practices-it-will-have-neighbors-confucius-6-21-75.jpg
[image resized]
https://www.newshub.co.nz/home/world/2023/09/analysis-xi-jinping-s-g20-no-show-may-be-part-of-a-plan-to-reshape-global-governance.html
This might be seen as taking away support from the G20 as the preeminent world mountain because it is seen as American regime centric.
Then proposing a world order based around a smarter China.
And seeking virtuous partners in the Asian neighbourhood – and in doing so while the G20 is hosted by India, indicating it has to decide whether it is the colonised India or Bharat.
When will Labour stop wasting an opportunity?
No the better answer is to stamp duty all houses purchases over $2M and use the revenue to adjust the IETC as National did.
https://www.nzherald.co.nz/nz/politics/nationals-foreign-buyers-tax-finds-an-unlikely-sceptic-sir-john-key/3SEXTVOKV5DUPOY2KTNOHLWMLM/
Stamp duty is paid on when a house is purchased?
Yes. Placing it on all purchases over $2m (domestic or foreign nationals) gets around the FTA problems.
It would only need to be at c5-7.5% to raise the amount required for Labour to afford/match National's IETC adjustment.
so a house costing $2m would actually cost $2,100,000 or more? That's quite a big jump. Probably useful in slowing the housing market, hard to see it being politically viable though.
As viable as CGT or a wealth tax – few buy properties worth over $2m (3000 a year).
Yes I am a great fan of a range of tax type measures rather than the blunt instrument of a wealth tax and particularly the Greens exceedingly blunt instrument that included the family home in the calculations. Labour's now foregone wealth tax had a starting rate of $5m and excluded the family home. However it is no more – more's the pity as it had much more going for it than the Greens one. With all the incentives built up over the years to encourafge buying a family home it seemed a little short sighted to hit people over the head with a tax. They should have excluded the family home and although I have asked the question as to why it was included there has been no answer yet. Labour's atx seemed to be able to function with a higher limit and by excluding the family home.
We now could/should be looking at a range of tax type measures such as Stamp Duty, transaction tax, adjusting the bracket creep, death duties.
Stamp Duty is not a new concept. It was repealed in 1999. So it was 'politically viable' up until then.
I have no problem with slowing the market down but believe it should apply to all sales perhaps on sliding % scale. After all in NZ we all aspire to buy a home and we all die so it seems a no-brainer to have a tax at those times.
https://www.nzherald.co.nz/business/stamp-duty-better-than-land-tax-says-property-expert/ZLJ6AZE4OFRDSGRGEHPUYZIH3A/
This is some sloppy shit, even for labour last two weeks. Basically giving away the election at this point.