web analytics

Don Brash: Hypocrite on CGT

Written By: - Date published: 4:05 pm, July 14th, 2011 - 17 comments
Categories: capital gains, don brash, Economy, tax - Tags:

I see Brash has put out a release headlined: “CGT Reactionary, Ruinous, Retrograde and Wrong – Brash

Is that the same Brash that put out a booklet when he was reserve bank governor, which said:

The absence of a capital gains tax, and the over-taxation of many types of productive investment (largely because of depreciation allowances based on historical cost), together mean that inflation creates a strong bias in favour of real estate investment and against investment in plant and equipment.

Or made a speech in 1998 that said:

It is not at all clear to me why, given an already-strong tendency for New Zealanders to invest in property, we should give special tax advantages to that form of investment.

Or Don Brash from Monday who said:
I think you will find most economists feel uneasy about the fact that someone who works for wages can pay tax at 33 percent…and someone who makes a capital gain pays no tax on that. It does on the face of it seem unfair.

Hypocrite.

17 comments on “Don Brash: Hypocrite on CGT ”

  1. Lanthanide 1

    What was the 2025 taskforce’s opinion on CGT?

    Or, knowing them, they never even mentioned it…

  2. Dan 2

    What about Phil saying a CGT wouldn’t be a priority for an incoming government? I can’t really trust anything anyone in parliament says anymore, regardless of which side they’re on.

    • Colonial Viper 2.1

      Thats BS mate

      The Labour platform for Nov 26 has been made clear.

    • burt 2.2

      CV

      Are you saying Labour hasn’t changed it’s position on CGT at all ?

      Pssst. The whale has a video you may want to see….

      This sort of instant ‘That’s BS’ retort when you clearly have no idea what you are defending is just crap for your credibility CV.

  3. tc 3

    Look at me, look at me, over here, no not there HERE …LOOK AT MEEEEE !!!!!

    See that bloke smirking in the background, that’s Rortney with his Hollowmen funded next gig in the top pocket thinking ‘electoral poison eh….what does that make you buddy’

  4. mik e 4

    This is the same person thats going to put the spine in National yeah right whatever. just pandering to John Key. its hard to know what ACT stands for I don,t think they know themselves . I know they,ve got Gary Mc cormick to stand for them from the pull your yourself together party.

  5. Damn you – I’d been saving those quotes for the last week, and I was only away from my PC for a few hours today and Brash opened his mouth.

    • lprent 5.1

      The e-mail came through with the above text. I did a single read and checked the links. Then I tossed it up. It is so perfect.

      But I’d love to see your take on it – but you can’t let Brash himself provide all of the comedy…

  6. Dan1 6

    It’s time for Don to walk the plank. He did it so well last time!

  7. tsmithfield 7

    The only problem is that what Labour has proposed is nothing like what Brash or the Tax Working group had in mind.

    So its not surprising that they aren’t very impressed with something that is an abortion of a CGT.

    • Eddie 7.1

      so your only problem with CGT is that it doesn’t go far enough, and therefore you’ll oppose it altogether. Sounds far too convenient, far too Brash-esque for me.

  8. Rusty Shackleford 8

    Politicians are hypocrites. How is that newsworthy?

    • Reality Bytes 8.1

      I think you may have typed the wrong URL into your browser.

      This website concerns itself with politics mate.

  9. burt 9

    Of course Brash is a hypocrite on CGT. It’s a political hot potato and he’s a politician. What else would you expect. But hey Brash might have got CGT confused with GST and forgotten about it.

  10. For crying out loud, there it is again (in Brash’s press release) – now it’s the “envy button”! I said it on the other thread and I’ll say it again – grow up. This ineptly transparent attempt to re-frame the discourse into being about ‘envy’ is utterly disingenuous and intellectually cowardly.

    So much for Brash being the rational intellectual who only wants what is objectively best for New Zealand. This constant refrain of ‘envy’ is such an appallingly pathetic attempt to divert attention from the arguments that it suggests there actually is no argument against a CGT that Brash can bring to mind.

    How often have I heard right wingers complain about ‘ad hominem’ attacks? Have they ever wondered why ad hominem arguments are considered fallacious? It’s because motivation is irrelevant to the veracity of a claim.

    Yet, then they bang on about this tax obviously being ‘bad’ because it’s motivated by ‘envy’??? Hypocrites! If they were the clear thinkers they like to proclaim they are then what’s it to them what the motivation is?

    And, who exactly is supposed to be so fuming with ‘envy’? Everyone who might support a CGT?? Half of the people who might support a CGT?? A quarter?? Ten percent?? Some bloke and his dog?? Those poor people you don’t like?? Those brown people you don’t like?? Those women you don’t like?? Who?

    It’s just pathetic and the kind of ‘argument’ I’d expect from someone unused to thinking.

    Inept, hopeless comments from Brash. Wasn’t he meant to be the great, white, rational hope or something?

    God that ‘envy’ line of ‘argument’ really makes me angry! (not envious!)

  11. 1998: Brash supported a CGT.

    2011: Brash opposed a CGT.

    Which is the real Don Brash?

    And do we care?

Links to post

Recent Comments

Recent Posts

  • Tokelau Language Week reminds us to stay united and strong
    Staying strong in the face of challenges and being true to our heritage and languages are key to preserving our cultural identity and wellbeing, is the focus of the 2020 Tokelau Language Week. Minister for Pacific Peoples, Aupito William Sio, says this year’s theme, ‘Apoapo tau foe, i nā tāfea ...
    BeehiveBy beehive.govt.nz
    10 hours ago
  • NZ announces a third P-3 deployment in support of UN sanctions
    The Government has deployed a Royal New Zealand Air Force P-3K2 Orion (P-3) maritime patrol aircraft to support the implementation of United Nations Security Council (UNSC) resolutions imposing sanctions against North Korea, announced Minister of Foreign Affairs Winston Peters and Minister of Defence Ron Mark. “New Zealand has long supported ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Pacific trade and development agreement a reality
    Pacific regional trade and development agreement PACER Plus will enter into force in 60 days now that the required eight countries have ratified it. Trade and Export Growth Minister David Parker welcomed the announcement that the Cook Islands is the eighth nation to ratify this landmark agreement. “The agreement represents ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Securing a pipeline of teachers
    The Government is changing its approach to teacher recruitment as COVID-19 travel restrictions continue, by boosting a range of initiatives to get more Kiwis into teaching. “When we came into Government, we were faced with a teacher supply crisis,” Education Minister Chris Hipkins said. “Over the past three years, we ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Border exceptions for a small number of international students with visas
    The Government has established a new category that will allow 250 international PhD and postgraduate students to enter New Zealand and continue their studies, in the latest set of border exceptions. “The health, safety and wellbeing of people in New Zealand remains the Government’s top priority. Tight border restrictions remain ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • First COVID-19 vaccine purchase agreement signed
    The Government has signed an agreement to purchase 1.5 million COVID-19 vaccines – enough for 750,000 people – from Pfizer and BioNTech, subject to the vaccine successfully completing all clinical trials and passing regulatory approvals in New Zealand, say Research, Science and Innovation Minister Megan Woods and Health Minister Chris Hipkins. ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • International statement – End-to-end encryption and public safety
    We, the undersigned, support strong encryption, which plays a crucial role in protecting personal data, privacy, intellectual property, trade secrets and cyber security.  It also serves a vital purpose in repressive states to protect journalists, human rights defenders and other vulnerable people, as stated in the 2017 resolution of the ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Ministry of Defence Biodefence Assessment released
    The Ministry of Defence has today released a Defence Assessment examining Defence’s role across the spectrum of biological hazards and threats facing New Zealand. Biodefence: Preparing for a New Era of Biological Hazards and Threats looks at how the NZDF supports other agencies’ biodefence activities, and considers the context of ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • New Approaches to Economic Challenges: Confronting Planetary Emergencies: OECD 9 October 2020
    New Approaches to Economic Challenges: Confronting Planetary Emergencies: OECD 9 October 2020 Hon David Parker’s response following Thomas Piketty and Esther Duflo. Good morning, good afternoon, and good evening, wherever in the world you might be. I first acknowledge the excellent thought provoking speeches of Thomas Piketty and Esther ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Kaipara Moana restoration takes next step
    A Memorandum of Understanding has been signed today at Waihāua Marae between the Crown, local iwi and councils to protect, restore and enhance the mauri of Kaipara Moana in Northland. Environment Minister David Parker signed the document on behalf of the Crown along with representatives from Ngā Maunga Whakahī, Ngāti ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • New Zealand and Uruguay unite on reducing livestock production emissions
    Agriculture Minister Damien O’Connor and Uruguayan Minister of Livestock, Agriculture and Fisheries Carlos María Uriarte have welcomed the launch of a three-year project that will underpin sustainable livestock production in Uruguay, Argentina, and Costa Rica.  The project called ‘Innovation for pasture management’ is led by Uruguay’s National Institute of Agricultural ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • 3100 jobs created through marae upgrades
    Hundreds of marae throughout the country will be upgraded through investments from the Provincial Growth Fund’s refocused post COVID-19 funding to create jobs and put money into the pockets of local tradespeople and businesses, Regional Economic Development Minister Shane Jones and Māori Development Minister Nanaia Mahuta have announced. “A total ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Health volunteers recognised in annual awards
    Health Minister Chris Hipkins has announced 9 teams and 14 individuals are the recipients of this year’s Minister of Health Volunteer Awards.  “The health volunteer awards celebrate and recognise the thousands of dedicated health sector volunteers who give many hours of their time to help other New Zealanders,” Mr Hipkins ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Community COVID-19 Fund supports Pacific recovery
    The Minister for Pacific Peoples, Aupito William Sio says a total of 264 groups and individuals have successfully applied for the Pacific Aotearoa Community COVID-19 Recovery Fund, that will support Pacific communities drive their own COVID-19 recovery strategies, initiatives, and actions. “I am keen to see this Fund support Pacific ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Community benefits from Māori apprenticeships
    Up to 50 Māori apprentices in Wellington will receive paid training to build houses for their local communities, thanks to a $2.75 million investment from the Māori Trades and Training Fund, announced Employment Minister Willie Jackson today. “This funding will enable Ngāti Toa Rangatira Incorporated to provide its Ngā Kaimahi ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Training fund supports Māori jobseekers
    Rapidly growing sectors will benefit from a $990,000 Māori Trades and Training Fund investment which will see Wellington jobseekers supported into work, announced Employment Minister Willie Jackson today. “This funding will enable Sapphire Consultants Ltd. to help up to 45 Māori jobseekers into paid training initiatives over two years through ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Ruakura Inland Port development vital infrastructure for Waikato
    The Government is investing $40 million to develop an inland port at Ruakura which will become a freight super-hub and a future business, research and residential development for the Waikato, Urban Development and Transport Minister Phil Twyford, and Māori Development Minister Nanaia Mahuta announced today. The funding has been has ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Appointments made to Defence Expert Review Group
    Defence Minister Ron Mark announced today the establishment of an Expert Review Group to review a number of aspects of the New Zealand Defence Force’s (NZDF) structure, information management and record-keeping processes.  The Expert Review Group’s work arises out of the first recommendation from the Report of the Government’s Inquiry ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • No active community cases of COVID-19
    There are no active community cases of COVID-19 remaining in the country after the last people from the recent outbreak have recovered from the virus, Health Minister Chris Hipkins said today. “This is a big milestone. New Zealanders have once again through their collective actions squashed the virus. The systems ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Clean energy upgrade for more public buildings
    More public buildings will be supported by the Government to upgrade to run on clean energy, the Minister for Climate Change James Shaw announced today. Minister Shaw announced that Lincoln and Auckland universities will receive support through the Clean-Powered Public Service Fund to replace fossil fuel boilers. Southern, Taranaki, and ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Schools back donations scheme for the second year
    More schools have opted in to the donations scheme for 2021, compared to 2020 when the scheme was introduced. “The families of more than 447,000 students will be better off next year, with 94% of eligible schools and kura opting into the scheme,” Education Minister Chris Hipkins said. “This is ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • Ruapehu cycle trails gets PGF boost
    The spectacular Mountains to Sea cycle trail in Ruapehu District will receive $4.6 million in funding from the Provincial Growth Fund for two additional trails, Regional Economic Development Minister Shane Jones announced today. “This is an exciting development for the local community, and one that will provide significant economic opportunities ...
    BeehiveBy beehive.govt.nz
    3 weeks ago