web analytics

Sweeping the board

Written By: - Date published: 11:38 am, July 10th, 2011 - 54 comments
Categories: capital gains - Tags:

The genius of Labour’s (not yet official) capital gains tax is not just the policy itself but the way it has picked the public mood. Support has been near-universal. The Left loves the fairness aspect – workers won’t be subsidising landlords anymore. The Right loves the implications for capital allocation, interest rates, and the exchange rate. The Nats look isolated and hysterical.

Westpac chief economist Dominick Stephens: “New Zealanders are incentivised to borrow money to buy land rather than invest in productive assets. If we introduced a capital gains tax that incentive would be diminished and there would be a greater incentive for people to save via bank deposits or productive business ownership”

Dominion Editorial: “There is a gaping hole in the tax system. Different sources of income are taxed differently. Earn $50,000 by working 40 hours a week and you will be taxed at the going rate for income. Make a $50,000 profit on the sale of a rental property and you will not be taxed at all”

NBR: “Capital gains and property taxes may be touchstone issues – because of the logic of taxing all income regardless of source”

Paul Little: “A capital gain is no more than unearned income which incurs no tax. The unfairness of this is obvious.”

Mike Hosking: “we’ve for years in this country placed an absurd advantage on owning property. And given it’s free of tax, you wonder why we’ve become so reliant on housing and why the economy has been so tipped towards real estate.”

Gordon Campbell: “Here’s another centre-right maxim that a capital gains tax fits like a glove : the level playing field. There is a fairness issue involved. Why should income earned by the sweat of one’s brow – via wages, and productive labour – be taxed, while income derived from accumulated capital gain (often via financial or property speculation) is exempted?”

Anthony Hubbard: “Capital gains taxes are perfectly ordinary taxes used by most developed countries. They are not recipes for instant economic ruin – otherwise these wealthy countries would be poor. A capital gains tax does not mean everyday Kiwis would be crushed. Capital gains taxes should not lead to panic in an election year: there is nothing in them to panic about.”

Pattrick Smellie: “Finance Minister and Facebook page-owner Bill English didn’t get the presumably intended answer when he asked visitors to the page whether they supported the Labour Party’s proposal for a capital gains tax. When BusinessDesk last looked, at 4.15 p.m., 314 people had voted 88% in favour of a capital gains tax.”

NDU General Secretary Robert Reid: “There is something fundamentally wrong with a housing market that is structured to deliver untaxed capital gains to those who have capital, at the same time as denying the dream of home ownership to the upcoming generation”

Vernon Small: In Labour’s broad camp are some distinctly un- leftwing agencies; the Treasury, the Reserve Bank, the IMF and the OECD; which favour a CGT for reasons ranging from its impact on monetary policy and housing bubbles, to tax fairness, and the promotion of an efficient investment environment.

Corin Dann: “Labour’s decision to include a capital gains tax (excluding the family home) in its election year manifesto is a major shift in the economic debate in this country. For years now economists from Treasury, the OECD, and the IMF have all called on New Zealand to introduce a capital gains tax.”

Andrea Vance: “Labour is taking a bold step and it’s armed with some pretty decent arguments”

Nelson Mail Editorial: “it is hard to deny the theoretical logic that capital gains should be taxed just as all other income is.” [the Nelson Mail also seems to think the pre-launch ‘leak’ was accidental. Bit naive]

John Haretvelt: “Labour, it seems, has wriggled out of the fiscal strait-jacket National forced upon it.”

Waikato Times Editorial: “It is unfair for incomes to be taxed while capital gains are not, of course.”

 Matthew Hooton: “there has always been a huge deficit between Mr Key’s aspirational rhetoric and the boldness of his programme. As discontent grows in elite circles about the point of the Key government, and the public grows weary of promises of an imminent economic boom, there is an outside chance Mr Goff has hit upon a winner with his bold capital gains tax move.”

Council of Trade Unions Secretary Peter Conway: “It is interesting to see the hysterical reaction from the Prime Minister and other Government Ministers. The Government should reflect on the failure of their tax switch. It did not stimulate the economy, is not revenue neutral, and increased the take home pay gap between someone on $30,000 a year and someone on $150,000 a year by a massive $135 per week. What we really need in New Zealand is a set of initiatives to improve productivity and wages, and then a complementary set of initiatives to improve savings, encourage them into productive investment, greater levels of domestic equity in our companies and less reliance on private debt to overseas lenders. A capital gains tax is part of such a policy framework”

Herald Editorial: “Not only would a capital gains tax be hugely beneficial to the economy but the time for its introduction is right. Mr Goff should demonstrate a resolve that recognises as much. A capital gains tax would go a long way towards correcting the crippling imbalance of investment in the economy. Too much of people’s savings is directed towards property, leaving too little available for other, more productive capital investments.”

Matt McCarten: “how can anyone look us in the eye and justify that it is moral for a worker or a small business owner to pay about a third of their income in taxes yet someone who sells a property and makes hundreds of thousands of dollars in profit pays nothing? They can’t.”

Herald on Sunday: “Apart from borrowing money and talking up a questionable programme of asset sales, National is showing no signs of a plan to get us out of the mess we’re in. Labour’s idea, even if it is born of desperation, is a challenge to the Government to prove it deserves re-election.”

AUT Law academics: “From an economic point of view a CGT is absolutely necessary to allow for an efficient allocation of factors of production such as capital. Introducing this policy would force the serious investors to put their money into markets that will stimulate economic growth,”

Micheal Wilson: “Why is it that we say we want to catch up with Australia but keep turning up our noses at the policies they have been using for years? Take capital gains. The suggestion we adopt it has produced much wailing and gnashing of teeth. It’s as if the mere suggestion of such a tax is treacherous, even un-kiwi. In Australia they have had the tax for 26 years and it is a completely apolitical issue. Centre right and centre left governments have supported it for more than two decades. It is common sense to treat capital gains like any other form of income.”

Gisborne Herald: “Taxing investment property gains makes sense for New Zealand”

John Minto: “whenever Labour is thrown [out] it tries to reconnect with workers to give them some reason to support the party again. Hence a capital gains tax. Aside from the predictable squealing from National and Act the move has been supported as commonsense in most quarters. Ardent capitalists can support it because it prevents market distortions whereby people invest in property rather than put their money into more productive wealth-creating enterprises.”

John Roughan: Like most of the people in polls I wasn’t planning to vote Labour this year. Now? It is possible. No single issue has swung my vote before but a capital gains tax could. Tax-free capital gains on property investment is the one crippling flaw remaining in our economy. Economists know it, accountants know it even if they don’t like it. Politicians of every party know it, though none have had the courage to do anything about it. [that’s John fucken Roughan, he used to think that the sun shined out Key’s arse]

Craig Elliffe: “There are excellent logical reasons why it should be part of the total tax position. No one is sensibly keen on the idea of new taxes just for their own sake, but if you put it into a context of a total tax policy, then it makes almost extraordinary sense. To the extent to which you have tax policies that are distortionary on the economic levers and contributors to society, how sensible is it to have property investment four or five times the size or the sharemarket producing no tax revenue.”

Chye-Ching Huang: Prior to 2001, South Africa like New Zealand had considered and rejected CGT over and over again. The same objections to CGT raised in New Zealand have been raised in South Africa: assumed complexity, lack of revenue, and a tendency for CGTs to degenerate over time. In 2001, South Africa’s policymakers got off this hamster wheel by looking carefully at the international evidence, and finding that the common practical objections to CGT were not supported by other countries’ experiences. New Zealand policymakers have yet to look at the international evidence as carefully.

Fran O’Sullian: if a broad-brush capital gains tax is imposed for sensible reasons – not an illusory revenue grab – then it is surely time that New Zealand moved down this track. Labour has to present the introduction of a broad-based capital gains tax as a mechanism to ensure a fairer and stronger tax system. One which will result in more investment shifting to the productive sector and ensuring that the wealthy – who easily avoid the revenue man by rolling up their capital assets – do have to contribute. [Fran tries to a appease her rightwing readers by saying Labour must be on Kronic if it thinks a capital gains tax will raise $4.5b. Umm, Labour never said it would, Fran]

Russel Norman: “This tax loop-hole for those that can afford to own multiple properties needs to be closed. By defending the status quo, John Key is arguing those earning more than $1 million a year shouldn’t have to pay tax on 40 per cent of their income while those on the average wage should pay tax on all their income.”

Duncan Garner: “It is certainly a bold and courageous move to target property speculators who have operated in a tax free haven for decades.”

John Pagani: “from day one, people will begin to change their behaviour in ways we need as an economy. If someone has some extra cash to invest, they will ask themselves – should I buy a second house, or should I invest in a growing, exporting business? We need more investment going into productive business, instead of into housing speculation. As an extra benefit, this means young families trying to buy their first home won’t have to compete in the market against speculators. That makes home ownership more affordable.”

New Zealand Manufacturers and Exporters Association: “The eradication of the capital gains tax harbour will help to lift productive investment. A more balanced tax system will see investment flow to the most intrinsically profitable areas of the economy, rather than those that are tax advantaged.”

John Armstrong: “That it is an idea whose time is coming can be inferred by the tax no longer being a taboo topic. There is now increasing debate on its merits – the chief one being that its absence distorts investment decisions.”

The Housing Lobby: “It’s about time the party was over for these greedy property speculators. It’s long overdue for the ‘taboo’ to be lifted on this issue. The Housing Lobby fully supports the introduction of a capital gains tax with an exemption on the family home”

Productive Economy Council: “A capital gains tax sends the right signals for investors and means those choosing to take the path of unproductive property investment will have to pay their fair share of tax. While fairness in tax is good, the real long-term benefit is the chance to get more of our limited capital invested in making New Zealand more, not less, competitive.”

The Alliance: “The Alliance Party has congratulated the Labour Party on adopting its capital gains tax policy.”

Stockmarket commentator Arthur Lim: “We need to steer investment into the productive sector and this preoccupation with property is not healthy.”

Liam Dann: “Will Labour be able to successfully work this idea into a policy which is both fiscally responsible and which keeps a credible focus on economic growth? If it can, then it will have something to sell to a voting public which has proved it can handle the complexity of the debate.”

Bernard Hickey: “Labour threw what appeared to be a grenade into the debate around tax this week, but a capital gains tax is not the economic shock or disaster that John Key has portrayed it as. Key is not governing for the nation but in the interests of property owners and the elderly who created our crushing debt load.”

The only opposition I can see is the landlords’ lobby group and the increasingly shrill Nats, and those two groups mihgt be regarded as one in the same considering that every single National MP either owns multiple properties directly or through a trust.

54 comments on “Sweeping the board”

  1. Wow, some collection Eddie.

    Brand Key is getting a hammering because this has exposed the fact that he does not have an economic strategy and because it raises the question why he with his millions should not pay tax on his capital gains when workers pay tax on the fruits of their labour. 

  2. mikesh 2

    What a bunch of twits.
    CGT is not a tax on income but a (very selective) tax on wealth. But if we are to go down that path it would be more consistent to introduce a comprehensive wealth tax.

    • Lanthanide 2.1

      Can you please clarify how it is “very selective”? And why wealth generated through a salary is taxed under “income tax” but why wealth generated through capital gains is untaxed?

  3. Yes of course the CGT is good for capitalism because it eliminates a feudal landlord hangover which distorts the capital market. But I love this idea of undistorted productive investment as ‘healthy’ capitalism.
    The difference between productive and unproductive investment is that in the former workers produce value in commodities, part of which is the value of the wage, and part of which (the far bigger part) is the surplus value which comprise profits. In the latter, investment buys an existing value (land/house as capitalised rent) for which workers pay the rent out of the existing value of their wage (usually half or more of that value).

    • Zetetic 3.1

      any economic system is about how to allocate limited capital, labour, and energy for ‘best’ outcomes. making sure resources go to areas where it produces most value for least cost (incle environmental cost) would be as much a problem in anarcho-syndicalism or communism as it is in capitalism

  4. Deadly_NZ 4

    Now it makes me wonder if the NACTS are now scrabbling around to bring in their own version of a CGT. We all know that they have NO ideas off their own, and would happily steal anyone elses.

    • Peter 4.1

      Ground breaking ideas are not the strength of the Holyoake wannabes

    • Colonial Viper 4.2

      I reckon the NAT focus groups have been burning the midnight oil this weekend.

    • McFlock 4.3

      Supplementary Monetarisation of Property Revenue, perhaps? A tax on all open windows in a house at the time of sale…
       

    • Shane Gallagher 4.4

      That’s funny that is – Labour just stole that idea off us Greens, and that is becoming quite a habit of theirs… National are not the only ones out of ideas… 🙂

  5. Lanthanide 5

    Looking at this collection of commentary, one wonders what it would be like if Labour were proposing a land-tax – surely less of a slam-dunk than the CGT has turned out to be, even if ultimately fairer, easier to implement and a bigger revenue generator than CGT.

  6. logie97 6

    Shame CGT is not retrospective in some ways.
    Can think of a Mum and Dad investor (the Aldgate-Whitechapels) who made a pile of money buying and selling dollars on the international market. Bought and sold someone else’s money and made a packet from the commission. Now let’s see, 15 pcnt of 50,000,000 – that’s a cool 7.5 million for starters. Now that would provide a few subsidised internet connections for some superannuatants to participate in the new internet world, wouldn’t it?

  7. MikeG 7

    It would be interesting to see a similar round-up of comments from those opposed to it. Most of the arguments I’ve see/heard are simply “it’s too complicated” (even though most other developed countries have it), or “it’s Labour introducing another tax” (isn’t widening the tax base good?).

    What other countries do NOT have a CGT or equivalent?

    • Lanthanide 7.1

      Don’t forget the cop-out “if it’s such good policy, why didn’t Labour do it during their 9 years in power?”.

      • McFlock 7.1.1

        Well, the answer to that cop out is pretty simple: “The best policies are the result of vigorous debate between a bold government and an opposition that constantly challenges them and keeps them on their toes. For nine years National dropped their part of the deal. Labour’s just showing them how it’s done so that National can perform their opposition duties competently after the election”.
        It’s not a sound bite, but good for public hall debates 🙂

        • chris73 7.1.1.1

          Kudos to you

          Thats a triumph, blaming Labours inaction on a weak National opposition

          • McFlock 7.1.1.1.1

            Hey, I vote Alliance.
             
            I just reckon that being in government 2 years ago doesn’t preclude the possibility of new policy. Of course, tory disagreement with this idea means that they have the employment and social policies of the late Victorian era.

  8. mikesh 8

    Can you please clarify how it is “very selective”? And why wealth generated through a salary is taxed under “income tax” but why wealth generated through capital gains is untaxed?
    Reply

    Wealth generated from wages is not actually taxed, though the wages themselves are. The owner of an asset pays tax on that asset’s yield so why should he pay tax on the wealth itself. Such a requirement would only be justifiable if all wealth was being taxed not just the bit represented by “capital gain”. But in that case you might find yourself paying tax on the wealth generated from wages, in addition to the tax paid on the wages themselves.
    I can understand a government wanting to collect tax from persons who make no profit from their asset and rely on a capital gain to justify the investment, but this situation usually comes about because the investment is undercapitalised and the owner is paying out large amounts of interest. However we could rectify this by making interest non deductible. After all, capital gains are not taxed, and capital losses not deductible, so why should the expense involved in obtaining capital (ie interest) be deductible. And why should someone who provides his own capital, pays nothing to the banks, and thereby makes a good profit, on which he pays a normal amount of tax, be hit with a capital gains tax as well.
    Muldoon was thinking along the right lines with his “clawback” idea, but he didn’t go far enough. The clawback emerged only at the point at which the property was sold, and then only if it was sold within ten years of the purchase date. It would have been better for Muldoon to have made made all interest non deductible as I have suggested above.

    • Zaphod Beeblebrox 8.1

      Making interest non-deductible. For certain classes of investment. There’s an interesting idea.

      I know Bill was talking about ring fencing interest losses for residential investment at one stage but chickened out. Obviously did not want to offend the party backers.

  9. Colonial Viper 9

    The genius of Labour’s (not yet official) capital gains tax is not just the policy itself but the way it has picked the public mood

    I’d add another dimension to this: it’s perfectly picked the mood of the business editors, the news journalists and the economics pundits.

    Suggesting a brand new tax in an election year should have been a lethal ‘third rail’ issue, according to conventional wisdom.

    But LAB has somehow not just connected with the mystical ‘middle NZ’, but also with the main stream media.

    I put it down to being gutsy, thorough and having a plan which shows that NZ can look forwards to real leadership after 2 1/2 years of National meandering.

    • chris73 9.1

      But LAB has somehow not just connected with the mystical ‘middle NZ’, but also with the main stream media.
      -Keep dreaming, there’d be quite a few ‘middle NZ’ people with rental properties but I’d say Labour have reconnected with the poor who want to bring @the rich” down to their level

      I put it down to being gutsy, thorough and having a plan which shows that NZ can look forwards to real leadership after 2 1/2 years of National meandering.
      -I might give this statement some credence who Phil Goof wasn’t at the helm

      • Terry 9.1.1

        Chris 73 I invite you to take back and wear your offensive words “Phil Goof”. (Do you have, for starters, an M.A. with 1st class hons?) “Sticks and stones will break my bones, but names will never hurt me” – ever heard this at some stage of your existence? Insults will not help your cause.

        • chris73 9.1.1.1

          Terry I invite you to take my offensive words, shine them up real nice, turn them side ways, and stick them straight up your candy ass!

          If you smeellllll….what the Rock…Is…COOKING!

          • Lanthanide 9.1.1.1.1

            Very convincing comeback you’ve got there.

            • chris73 9.1.1.1.1.1

              Considering how much abuse is thrown about this site I really don’t think that calling Goff “Goof” is that big a deal so I consider my response the only appropriate response to use (and I’m pretty sure hes been called worse in parliament)

              Unless you think that hes our “better” and that mere proles like me should have more respect

              (wait up and I’ll see if I can find my cloth cap, you know so I can doth it next time he passes)

              [lprent: I really don’t care what politicians are called except in one case.

              When I ban or warn someone for behavioral issues, while scanning their comments, I look to see what words they have used repetitively or inappropiately in their comments. If I see words that I have seen before, then I will add them to the auto-moderator. This makes it easier for moderators to identify newbies who are probably going to be problems, and significiantly slows down pack attacks on the site by graffiti artists.

              So if you want to get a word into circulation here, then it pays to ensure that people using it, use it appropriately, and don’t collect bans. This type of self-restraint is usually beyond the comprehension of trolls so it’d pay to use stir phrases that require a modicum of intelligence to understand.. ]

              • jackal

                The question was concerned with the comparative intelligence of you compared with Phil Goff?

                In other words, Terry wanted to know if you had the relevant cognitive ability to determine who is a goof! By judging somebody thus when it’s clear that they’re not a goof, you highlight your own lack of intelligence.

                Whereas we can succinctly say that John Key is a clown by taking the relevant historical information into account, saying Phil Goff is a goof is like saying a low wage economy is good for New Zealand.

                Clearly your answers show that your intelligence is well below that of those you wish to judge. Perhaps idiot or a moron are appropriate words to use as descriptive terminology in your case chris73. I could go further but don’t want to get moderated.

                Attributing yourself to the Rock, who in real life is an intelligent and well spoken man, does not help your argument much. Neither does your use of sarcasm improve our perception of your low IQ level chris73. I surmise that it’s below 70 ie definite feeble-mindedness. You have said nothing to make me think otherwise.

                An M.A. with 1st class hons versus a RWNJ spouting the usual rubbish! Not much competition of intellectual ability going on there if you ask me. The same could be said about the current leadership of National compared to Labour. I don’t believe the polling for a second.

                • Do you think comments and votes should be IQ and qualification weighted?

                • chris73

                  Fair points

                  I judge Goff (’cause you know I’d hate to think I’m importent enough to hurt his feelings) a Goof because:

                  As leader of his party and thus where the buck stops hes responsible for:

                  Continued complaints about breaking electioneering rules (yes yes its always someone elses fault)
                  – yet he hasn’t charged someone to make sure all the rules are followed
                  – and if he has then the person selected isn’t doing their job which leads back to Goffs error

                  Flip-flop comments over Darren Hughes

                  Flip-flop comments over Damien O’Connor

                  Totally mis-handling comments about his Hair (seriously dude just be straight up)

                  Attempting to be like John (after 30 years as a politician doesn’t he know who he is?)

                  I could go on but really its like flogging a dead horse

                  Yes he has a M.A. with 1st class hons and well done to him but that doesn’t make him (or anyone else) immune from bouts of Goofiness (maybe he should have stayed in uni?)

                  Maybe instead of Goof I should have said something like lacking common sense?

                  I’d hate to think that a lack of a first-class degree (which is what is being said here) should preclude anyone from a career in politics (wow that sounds quite elitist eh)

                  How many Prime Ministers of NZ don’t have a tertiary education?

                  • Colonial Viper

                    LOL back to this theme shows how even National’s RWNJs don’t have a plan and are out of ideas

      • Colonial Viper 9.1.2

        -Keep dreaming, there’d be quite a few ‘middle NZ’ people with rental properties

        Median NZ’er living on $29,000 p.a. is not likely to have too many rental properties.

        I’d say Labour have reconnected with the poor who want to bring @the rich” down to their level

        There are very few people who are truly rich in NZ; 95% of people earn less than $90K p.a., and most workers earn less than $40K p.a.

        This is a country with significant issues in wealth distribution and income inequality, and we can do better.

        • chris73 9.1.2.1

          Median NZ’er living on $29,000 p.a. is not likely to have too many rental properties.

          -Thats not middle NZ, all you’re doing is reconnecting with your voter base (which come to think of it is something Labour hasn’t done in awhile)

          • felix 9.1.2.1.1

            Rental property owners are 8% of us, chris.

            It’s you who has a skewed idea of where the middle is.

            • chris73 9.1.2.1.1.1

              Well we’ll see after the next election who get the middle vote

              • felix

                chris is labouring under the delusion (or trying to spread misinformation to the effect) that an ordinary Kiwi is someone who earns $80k +, owns a house, a bach, and a couple of rentals, and travels overseas to sports events.

          • Colonial Viper 9.1.2.1.2

            Median income in this country is around $29,000 p.a.

            That means that half of NZ’ers earn more than that and half earn less.

            How much more “middle NZ” do you want to get?

            • chris73 9.1.2.1.2.1

              Too broad a brush stroke for me, trying to pigeon-hole people into little boxes that you can tick off

              Thats one of the (many) reasons Labour will lose the next election

              • felix

                Ok chris, what measure are you using to define “middle NZ”?

                Like in your comment above where you said “Keep dreaming, there’d be quite a few ‘middle NZ’ people with rental properties “

                Is “middle NZ” comprised entirely of the 8% of kiwis who own rental property or not?

                • chris73

                  It doesn’t really matter what I (or in fact most people on here) think, its what happens on election night

                  • felix

                    In the broader sense it doesn’t matter one bit what you think or write here.

                    However in terms of the conversation we’re having, it matters to the extent that you made some statements, had them challenged by facts from CV and myself, and now you’re refusing to own what you said.

                    But as long as we’re clear about it I don’t really care either.

                    • chris73

                      The only way I can prove I’m right is when National win the election

                      If I’m wrong and Labour win then I’ll be the first to admit it

                    • felix

                      Not true chris, it’s perfectly possible to prove you’re right. The way to prove you’re right is to show that this:

                      there’d be quite a few ‘middle NZ’ people with rental properties

                      is accurate. To do this you simply define what you consider “middle nz” to mean (and it’s an ambiguous term so you can pretty much define it any way you like) and then show the evidence that this group you’ve defined does indeed contain quite a few rental property owners.

                      What exactly do you think an election can say about your statement anyway if you don’t define your terms?

            • PG 9.1.2.1.2.2

              Median household income, which is the more relevant statistic, was $64,000 in June 2010.

              • Colonial Viper

                Yes it was. Sucks to be single, solo parent, retired living alone, or of independent circumstance then eh?

                In fact if you look at the stats, married people (or in defacto) accumulate the most income and wealth over time.

  10. Herodotus 10

    Should part of the thinking (selling of this policy) be to switch focus for investment from land to other forms of investment. Then I hope there will be also in conjuction some strengthening of reporting requirements for coys,protection for investors and the bodies that police and monitor + penalties e.g. Fin Coy directors and directors of coys that are operating whilst being insolvent As many NZers have lost faith in these other other forms of investment. Sure investments have varying degrees of risk, hopefully offset by corrosponding potential rewards.
    If it is just to redress the imbalance of the current taxation system & to fund the $5k tax free threashold then sell it as that (Note to Lab make sure that your numbers add up !! 🙂 )
    On an aside, I have not read any comment regarding this. It will temper what happened recently when people were borrowing on the increase of the properties equity to finance new acquisitions. With some of this being taxed it will reduce the amount of new unrealised equity that can be used as security for this new additional debt.

  11. lefty 11

    We shouldn’t get too carried away with the idea the CGT will send investment into more productive areas. After all they had property booms every bit as large in countries that have one.

    It is a good idea to treat all income the same though, and hopefully this tax will not just be about taxing land or wealth but will also include the sale of shares and businesses for a profit.

    The $15 minimum wage is good too.

    We need to know what Labour are going to do about jobs and whether they will lift benefit levels back to pre 1990 levels.

    If Labour were to deal with the benefit and jobs issues then make it next steps a financial transactions tax, a move to eliminate gst, the removal of the Reserve Bank Act, the Fiscal Responsibility Act, the State Services Act, and the other pillars of neoliberalism that prevent governments from governing for the benefit of the people,they would be starting to look vaguely leftish.

    • Lanthanide 11.1

      “It is a good idea to treat all income the same though, and hopefully this tax will not just be about taxing land or wealth but will also include the sale of shares and businesses for a profit.”

      It has already been clarified that it will affect all forms of capital gain, including sales of shares, businesses and collectibles (eg art work and stamps etc).

      Probably it’ll be fairly closely modelled on the Australian one.

  12. DeepRed 12

    At the end of the day, property speculation is basically a glamourised form of hanging out each other’s washing for a living.

  13. Carol 13

    There is a lot of support for a CGT from left & right. But I think it’s a bit of an optimistic gloss to put Duncan Garner in the pro-CGT corner, Eddie. I try to avoid seeing that Nat PR person these days, but did catch him on TV3 morning news in the middle of the last week. He totally talked up how Labour was getting a lot of opposition to the pre-CGT announcement. – nothing about the people that are for it, except by implication – he added in a comment at the end about how people on the right were against it & those on the left for it.

    And the quote you use from Garner above, Eddie, is followed by this in the article linked:

    Putting up taxes is never popular and not easy to sell to voters and Mr Goff should prepare for a backlash.

Links to post

Recent Comments

Recent Posts

  • Climate Change: Submit!
    The Environment Committee has called for submissions on the Climate Change Response (Emissions Trading Reform) Amendment Bill. Submissions are due by Friday, 17 January 2020, and can be made online at the link above. The bill makes a number of changes to the ETS, including linking it to the carbon ...
    No Right TurnBy Idiot/Savant
    7 hours ago
  • The Message From Messenger Park.
    Coasters Turn Out In Droves: It’s precisely the widening gulf between those with actual experience of things like guns, chainsaws and drilling machines, and those who regulate their use, that accounts for the angry crowd at Greymouth’s Messenger Park on Sunday, 17 November 2019. In the rarefied atmosphere where decisions ...
    16 hours ago
  • JFK’s assassination: a bit of physics
    There are perennial arguments about the circumstances of the assassination of President Kennedy in 1963, and in particular whether more than one shooter is required by the evidence (such as the Zapruder film). Those who know little about physics frequently claim that the sharp backwards motion of JFK’s head as ...
    SciBlogsBy Duncan Steel
    20 hours ago
  • Is car washing so bad we need to ban it?
    Apparently, some people enjoy washing their cars. Each to his or her own, I suppose. I mean, some people like duck shooting, some people follow Coronation Street, and some people’s idea of a good day out is to sit on a grass bank at Seddon Park and watch cricket all ...
    SciBlogsBy Marcus Wilson
    1 day ago
  • If Shane Jones isn’t corrupt, he is trying very hard to look it
    Last week we learned that New Zealand First had apparently tried to enrich itself from public office, with a dodgy forestry company linked to a number of NZ First figures sticking its hand out repeatedly for government money. Today in Question Time Regional Economic Development Minister Shane Jones had his ...
    No Right TurnBy Idiot/Savant
    1 day ago
  • Climate Change: We need to end fossil fuels
    Finally, governments seem slowly to be beginning to act on climate change. But its not enough. While they're publicly signing up to targets, they're planning to destroy the world by continuing fossil fuel extraction:The world’s nations are on track to produce more than twice as much coal, oil and gas ...
    No Right TurnBy Idiot/Savant
    1 day ago
  • As bad as we expected
    Stuff has begun interviewing NZ First's secret donors, and it turns out that its as bad as we expected. They start with racing industry figure Garry Chittick, who is predictably grumpy about NZ First's coalition choices. Meanwhile, I'm looking at the list of pork NZ First has effectively given its ...
    No Right TurnBy Idiot/Savant
    1 day ago
  • The Second (And Final?) Crucifixion Of Winston Peters.
    Stag At Bay: Twelve years ago, Winston Peters was still robust enough to come back from the political crucifixion which his political and media enemies had prepared for him. In his seventies now, the chances of a second resurrection are slim. We should, therefore, prepare for the last gasp of ...
    2 days ago
  • Earth’s artificial rings
    Satellites pass over NZ all the time (literally). Here I focus on the 187 Planet Labs ‘Dove’ Earth-imaging satellites, and I show that one can determine in advance where they will be, enabling scientists on the ground to correlate their environmental and other data collection with opportunities to get imaging ...
    SciBlogsBy Duncan Steel
    2 days ago
  • Softy Jejune Parson – the new Mother Superior of Wellington
      The Council of Disobedient Women has learned that the Prefect of Aro Valley has been promoted to a new role with the blessing of the Pope of Wellington. Softy Jejune Parson has been appointed Mother Superior of Woke Wellington for the work she has been doing calling out heretics, ...
    RedlineBy Admin
    2 days ago
  • Atlantic shakeup: US and UK leadership contenders ripping up the usual scripts?
    On both sides of the Atlantic, some purportedly “contentious” and “difficult to deal with” leadership contenders to lead the US and UK, as President and Prime Minister respectively, seem to have thrown a few spanners into the works of the normal messaging most are used to hearing constantly. Except they’re ...
    exhALANtBy exhalantblog
    2 days ago
  • Winston is the PM’s problem
    In Question Time today the Prime Minister was naturally facing questions about Deputy Prime Minister Winston Peters and his dubious party financing arrangements, which seem to violate electoral finance law. Her response was to pretend that it was nothing to do with her, and that she is not responsible for ...
    No Right TurnBy Idiot/Savant
    2 days ago
  • Australia’s secret prisoner
    A prisoner stripped of their name, imprisoned for a secret crime after a secret trial, with all details legally suppressed for secret reasons. A story by Kafka or Dumas? China? No, its just the latest stage of Australian tyranny:An Australian citizen was prosecuted, convicted, and jailed in the ACT last ...
    No Right TurnBy Idiot/Savant
    2 days ago
  • Bridges should put his money where his mouth is
    Stuff has more details on what New Zealand First's slush-fund has been funding, with much of the spending directly benefiting the party. Which makes it look a lot like hidden donations, rather than the completely-innocent-giant-pile-of-cash Winston is trying to portray it as. The Electoral Commission is now investigating, but Simon ...
    No Right TurnBy Idiot/Savant
    2 days ago
  • The APEC police state enabling bill
    I've joked before about how hosting international summits effectively turns part of your country into a police state for the duration. Well, New Zealand is hosting APEC in 2021, with events throughout the year in Christchurch, Wellington, and Auckland. And the government has put up a bill to give itself ...
    No Right TurnBy Idiot/Savant
    2 days ago
  • Why coastal floods are becoming more frequent as seas rise
    Climate Explained is a collaboration between The Conversation, Stuff and the New Zealand Science Media Centre to answer your questions about climate change. If you have a question you’d like an expert to answer, please send it to climate.change@stuff.co.nz I saw an article claiming that “king tides” will increase in ...
    SciBlogsBy Guest Author
    3 days ago
  • The cost of a range clearance.
    It has been revealed that firing ranges used by the NZDF while deployed to the Provincial Reconstruction Team (PRT) in Bamyan Province, Afghanistan, contained unexploded ordnance that caused numerous deaths and injuries after the NZDF withdrew the PRT in April 2013. In 2014 seven children were killed when an unidentified ...
    KiwipoliticoBy Pablo
    3 days ago
  • Still denying responsibility
    Stuff's story on NZDF's negligence around its Afghan firing ranges has produced a result, with a commitment from the Prime Minister for an urgent cleanup. But this doesn't mean NZDF is accepting responsibility for the deaths and injuries that have occured - they're still refusing compensation. Which given that the ...
    No Right TurnBy Idiot/Savant
    3 days ago
  • A corrupt practice
    Last week RNZ broke the news on NZ First's mysterious "foundation" and its dodgy-looking loans. The arrangement seemed to be designed to evade the transparency requirements of the Electoral Act, by laundering donations. But now Stuff has acquired some of their financial records, and it gone from dodgy to outright ...
    No Right TurnBy Idiot/Savant
    3 days ago
  • Democracy “A Bit Bonkers” – Thoughts Inspired By Lizzie Marvelly’s Latest Co...
    Didn't See It Coming: NZ Herald columnist Lizzie Marvelly's latest column merits serious scrutiny because such a clear example of anti-democratic thinking is encountered only rarely on the pages of the daily press. Which is not to say that the elitism which lies at the heart of such social disparagement ...
    4 days ago
  • Colombia: historic memory, massacres and the military
    by Gearóid Ó Loingsigh Initially it was reported that in an aerial bombardment that took place on August 30th seven children were massacred; the figure then went up to eight and then on November 11th Noticias Uno reported that, according to people from the community in close proximity to the ...
    RedlineBy Admin
    4 days ago
  • On the road to Net Zero, the next step is to update our UN pledge
    A lot has happened since the UN’s report on 1.5ºC was released in October 2018. New Zealand’s Zero Carbon Bill has passed, and enshrines the 1.5ºC goal in law. The UK and France have also legally strengthened their targets to Net Zero 2050. The School Strike For Climate and Extinction ...
    SciBlogsBy Robert McLachlan
    4 days ago
  • Corruption as usual
    Next year is an election year, and Labour needs money to fund its campaign. So naturally, they're selling access:Labour is charging wealthy business figures $1500-a-head to lunch with Prime Minister Jacinda Ardern at its annual conference later this month. [...] On the weekend beginning November 29th, around 800 delegates will ...
    No Right TurnBy Idiot/Savant
    4 days ago
  • Fairer rentals
    Yesterday the government announced its changes to tenancy laws, including an end to no-cause evictions, limits on rent increases, and anonyminity for tenants who defend their rights against bad landlords (sadly necessary because landlords are scum who maintain blacklists of "uppity" tenants). They're all good moves, and have resulted in ...
    No Right TurnBy Idiot/Savant
    4 days ago
  • Another NZDF coverup
    In 2003 New Zealand sent a Provincial Reconstruction Team to Afghanistan to support America's doomed war there. While there, they conducted regular weapons practice on local firing ranges, littering the landscape with unexploded ammunition. These ranges weren't secure - they're on land used by locals for animal herding - so ...
    No Right TurnBy Idiot/Savant
    4 days ago
  • A loss for the Greens
    Green MP Gareth Hughes has announced he will retire at the election. Its understandable - he's been there ten years, and wants to actually see his children grow up rather than miss it while drowning in the toxic parliamentary sewer. But his departure is also a huge loss for the ...
    No Right TurnBy Idiot/Savant
    5 days ago
  • New era for Ngāti Kuri and Auckland Museum
    Words and images by Jacqui Gibson Gone are Auckland Museum’s days of doing science using a museum-centric academic approach, after Māori land rights holders Ngāti Kuri gave the museum an ultimatum.
    Tom Trnski holding a fossilised whale tooth from the Far North.Aussie-born Head of Natural Sciences at Auckland Museum ...
    SciBlogsBy Guest Author
    5 days ago
  • Circling vultures: Why MediaWorks TV is really in trouble
    MediaWorks announced in October 2019 that it intended to sell off its struggling television business and cancel or cut back on several popular local programmes, including New Zealand Today, Married at First Sight New Zealand and 7 Days. Its radio and outdoor advertising arms are currently performing well, but MediaWorks’ ...
    Briefing PapersBy Peter Thompson
    5 days ago
  • Scary Opinium Poll
    Westminster voting intention:CON: 44% (+3)LAB: 28% (-1)LDEM: 14% (-1)BREX: 6% (-)via @OpiniumResearch, surveyed this weekChgs. w/ 08 Nov— Britain Elects (@britainelects) 16 November 2019 This, of course, doesn't look good.  Labour have been chucking big, headline grabbing policies left, right and centre ... Well, maybe not right.  Left, left ...
    5 days ago
  • A coward’s ploy.
    Some readers may remember that I mentioned last year that I was applying for NZ citizenship. I filled out the paperwork and had my original citizenship interview in February. Everything went well until they discovered that, because I had spent five months in the US in 2017, I had not ...
    KiwipoliticoBy Pablo
    5 days ago
  • Left censorship and exclusion against gender-critical women: a Marxist critique
    by Deirdre O’Neill It is becoming quite acceptable for certain sections of the left to declare that people like me – women who are ‘gender critical’ – should not be allowed in leftist or anarchist spaces. Leaving aside the arrogance and implicit authoritarianism of this claim, its lack of critical ...
    RedlineBy Admin
    5 days ago
  • “Uncertainty” can be better solved with a better grasp of life’s inherent complexities…
    There is an article in The Conversation, written by Jeremy P. Shapiro (Adjunct Assistant Professor of Psychological Sciences, Case Western Reserve University), about what he sees as the psychologically-based underpinnings of three main matters that seem to vex people all around the planet. The article is titled “The Thinking ...
    exhALANtBy exhalantblog
    6 days ago
  • Citizens vs the Rogue Deep State
    . .   Blogger Martyn Bradbury has won his case against unreasonable search and surveillance against the NZ Police; and subsequent Police attempts to produce evidence in secrecy, in a closed Court. His case highlights a disturbing growing trend in Aotearoa New Zealand for State power to be used against ...
    Frankly SpeakingBy Frank Macskasy
    7 days ago
  • Massey University’s free speech policy double-plus-good
    The Committee of Disobedient Women has intercepted an email from Dr Emma Eejut, Senior Lecturer in Sociology, Massey University to the university’s Vice-Chancellor, Jan Thomas. Dear Jan, Thank you for your courageous move.  I think 10 pages of blether** should tie any of the students game enough to try holding ...
    RedlineBy Admin
    1 week ago
  • Unacceptable
    That's the only response to the findings of the Ombudsman's investigation into LGOIMA practices at the Christchurch City Council:My investigation identified serious concerns about the Council’s leadership and culture, and its commitment to openness and transparency. In particular, Council staff raised concerns with me about various methods employed by some ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • There is what corruption looks like
    NZ First seems to be nakedly trying to enrich itself from public office:A powerful New Zealand First figure helped establish a forestry company that then pushed for money from two key funding streams controlled by a New Zealand First Minister. An RNZ investigation has found Brian Henry, lawyer for Winston ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Escape from Manus Island
    Behrouz Boochani is an award winning author and journalist. He is also a refugee, who for the past six years has been detained in Australia's offshore gulag on Manus Island, and in Papua New Guinea. But last night, with the cooperation of the WORD Christchurch festival and Amnesty International, he ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • When World’s Collide.
    Different Strokes: If a multicultural immigration policy imposes no obligation on immigrant communities to acknowledge and ultimately embrace their host nation’s most cherished traditions and values, then how is that nation to prevent itself from being reduced to a collection of inward-looking and self-replicating ethnic and cultural enclaves?THE COALITION GOVERNMENT’S ...
    1 week ago
  • Could There Be Method In Massey University’s Madness?
    Protective Zone: Reading the rules and guidelines released by Massey University, it is impossible to avoid the conclusion that its governing body considers the whole concept of free speech a disruptive threat to the orderly imparting of orthodox academic knowledge.IN TRUE ORWELLIAN fashion, Massey University has announced its commitment to ...
    1 week ago
  • How does poor air quality from bushfire smoke affect our health?
    Brian Oliver, University of Technology Sydney New South Wales and Queensland are in the grip of a devastating bushfire emergency, which has tragically resulted in the loss of homes and lives. But the smoke produced can affect many more people not immediately impacted by the fires – even people many ...
    SciBlogsBy Guest Author
    1 week ago
  • Climate Change: We need more trees, not less
    Farmers held a hate-march on Parliament today, complete with MAGA hats, gun-nut signs, and gendered insults. While supposedly about a grab-bag of issues - including, weirdly, mental health - it was clear that the protest was about one thing, and one thing only: climate change. And specifically, forestry "destroying" rural ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Holy bin chickens: ancient Egyptians tamed wild ibis for sacrifice
    Sally Wasef, Griffith University and David Lambert, Griffith University These days, not many Aussies consider the ibis a particularly admirable creature. But these birds, now colloquially referred to as “bin chickens” due to their notorious scavenging antics, have a grandiose and important place in history – ancient Egyptian history, to ...
    SciBlogsBy Guest Author
    1 week ago
  • The IGIS annual report: Dead letters and secret law
    The Inspector-General of Intelligence and Security released their annual report today, and I've been busy reading through it. In amongst the usual review of what they've been doing all year, there's a few interesting bits. For example, a discussion on "agency retention and disposal of information", which points out that ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • A referendum on bigotry
    The End of Life Choice Bill passed its third reading last night, 69 - 51. Thanks to a compromise with NZ First - which looks to have been necessary on the final numbers - the commencement of the bill will be subject to a referendum. Given the ugliness of the ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Why municipal waste-to-energy incineration is not the answer to NZ’s plastic waste crisis
    Trisia Farrelly, Massey University New Zealand is ranked the third-most-wasteful country in the OECD. New Zealanders produce five times the global daily average of waste per person – and they are getting more wasteful, producing 35% more than a decade ago. These statistics are likely to get worse following China’s ...
    SciBlogsBy Guest Author
    1 week ago
  • Political parties and GMOs: we all need to move on
    Recently more than 150 post-graduate students and young scientists presented an open letter to the Green Party via The Spinoff, encouraging them to reconsider their position on genetic modification. Their target is tackling climate change issues.[1] Can any party continue to be dismissive about genetic modification (GM) contributing to ...
    SciBlogsBy Grant Jacobs
    1 week ago
  • Class, Identity Politics and Transgender Ideology
    by Deirdre O’Neill Under Thatcher and then Blair and continuing up until our contemporary moment, the working class has seen its culture slowly and progressively destroyed. The change from an industrial society to a service society produced a marked shift in focus from the working class as the backbone of ...
    RedlineBy Admin
    1 week ago
  • Irony
    Since 2013, the Australian government has detained refugees without trial in Pacific gulags, where they are abused, tortured, and driven to suicide. The policy is not just an abuse of human rights and possible crime against humanity; it has also had a corrosive effect on the states Australia uses as ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • An age of protest.
    It seems fair to say that we currently live in a problematic political moment in world history. Democracies are in decline and dictatorships are on the rise. Primordial, sectarian and post-modern divisions have re-emerged, are on the rise or have been accentuated by political evolutions of the moment such as ...
    KiwipoliticoBy Pablo
    1 week ago
  • Another captured agency
    Last month, Greenpeace head Russel Norman surrendered his speaking slot at an EPA conference to student climate activist Sorcha Carr, who told the EPA exactly what she thought of them. It was a bold move, which confronted both regulators and polluters (or, as the EPA calls them, "stakeholders") with the ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • NZ First’s dodgy loans
    The core principle supposedly underlying New Zealand's electoral finance regime is transparency: parties can accept large donations from rich people wanting to buy policy, but only if they tell the public they've been bought. Most parties abide by this, so we know that TOP was wholly-owned by Gareth Morgan, and ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Member’s Day: The choice on End of Life Choice
    Today is a Member's Day, probably the second-to-last one of the year, and its a big one, with the Third Reading of David Seymour's End of Life Choice Bill. last Member's Day it was reported back from committee, after MPs voted narrowly to make it subject to a (rules TBA) ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • How growth in population and consumption drives planetary change
    Climate Explained is a collaboration between The Conversation, Stuff and the New Zealand Science Media Centre to answer your questions about climate change. If you have a question you’d like an expert to answer, please send it to climate.change@stuff.co.nz The growth of the human population over the last 70 ...
    SciBlogsBy Guest Author
    1 week ago
  • The disappearing Women …
    by The Council of Disobedient Women In her excellent oral submission to the Abortion reform select committee on 31st October on behalf of Otago University’s Department of Public Health, historian and public health researcher Hera Cook stated: “We would ask that the committee not use the term ‘pregnant persons’ and ...
    RedlineBy Daphna
    1 week ago
  • “A Passage to India”: enduring art in changing times
    by Don Franks In 1957, E M Forster wrote, of his greatest work: “The India described in ‘A Passage to India’ no longer exists either politically or socially. Change had begun even at the time the book was published ( 1924) and during the following quarter of a century it ...
    RedlineBy Daphna
    1 week ago
  • Contemptuous
    The Referendums Framework Bill was due back from select committee today. But there's no report on it. Instead, the bill has been bounced back to the House under Standing order 29593) because the Committee didn't bother to produce one. They probably tried. But given the membership of the committee (which ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Zero Carbon: It’s not just a good idea, it’s the law
    Two years into New Zealand’s Labour-led government, the long-delayed Zero Carbon Bill became law on 7 November. Passed essentially unanimously, the lengthy public debates and political manoeuvring faded away until the final passage was even anticlimactic: Flipping through the @nzstuff @DomPost I was starting to wonder if I’d dreamt ...
    SciBlogsBy Robert McLachlan
    1 week ago
  • Climate Change: What happens next?
    Now the Zero Carbon Bill is law, what's next? Obviously, the ETS changes currently before select committee are going to be the next battleground. But we're also going to get a good idea of where we're going, and if the progress the Zero Carbon Act promises is good enough, during ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Climate change will fuel bush fires
    Grant Pearce The effects of the current Australian bushfires in New South Wales and Queensland (and also again in California) are devastating and far-reaching. To date, the fires have resulted in several lives being lost and many homes and properties destroyed. Here in New Zealand, the impacts have been only ...
    SciBlogsBy Guest Author
    1 week ago
  • Participation rates
    A passing comment in a post the other day about the labour force participation rates of older people prompted me to pull down the fuller data and see what we could see about various participation rates over the decades since the HLFS began in 1986.   As it happens, the ...
    SciBlogsBy Michael Reddell
    2 weeks ago
  • Not So Much “OK Boomer” As “OK Ruling Class”.
    Distract And Divert: The rise of what we have come to call “Identity Politics” represents the ideological manifestation of the ruling class’s objective need to destroy class politics, and of the middle-class’s subjective need to justify their participation in the process.THE RELIEF of the ruling class can only be imagined. ...
    2 weeks ago
  • Asking for it …
    "I saw a newspaper picture,From the political campaignA woman was kissing a child,Who was obviously in pain.She spills with compassion,As that young child'sFace in her hands she gripsCan you imagine all that greed and avariceComing down on that child's lips?" ...
    2 weeks ago
  • New Zealand’s Poor Pandemic Preparedness According to the Global Health Security Index
    Dr Matt Boyd, Prof Michael Baker, Prof Nick Wilson The Global Health Security Index which considers pandemic threats has just been published. Unfortunately, NZ scores approximately half marks (54/100), coming in 35th in the world rankings – far behind Australia. This poor result suggests that the NZ Government needs to ...
    SciBlogsBy Public Health Expert
    2 weeks ago
  • Climate Change: Thank Winston
    The Zero Carbon Act is inadequate, with a weak methane target designed to give farmers a free ride. But it turns out it could have been worse: Climate Change Minister James Shaw was so desperate to get National on board, he wanted to gut that target, and leave it in ...
    No Right TurnBy Idiot/Savant
    2 weeks ago
  • Illicit markets and Bali Booze
    The Herald reprints an Australian story on a couple of tragic deaths in Bali from drinking cocktails that had methanol in them.  The story argues that methanol is likely the result of home distillation. But what the young tourists were experiencing was far from a hangover. They’d consumed a toxic cocktail ...
    SciBlogsBy Eric Crampton
    2 weeks ago
  • This is not what armed police are for
    Last month, the police announced a trial of specialist roaming armed units, which would drive round (poor, brown) areas in armoured SUVs, armed to the teeth. When they announced the trial, they told us it was about having armed police "ready to attend major incidents at any time if needed". ...
    No Right TurnBy Idiot/Savant
    2 weeks ago
  • Spain’s failed electoral gamble
    Spain went to the polls today in the second elections this year, after the Socialists (who had come to power in a confidence vote, then gone to the polls in April) rejected the offer of a coalition with the left-wing PoDemos, and instead decided to gamble n a better outcome ...
    No Right TurnBy Idiot/Savant
    2 weeks ago
  • The astroturf party
    National has finally rolled out its "BlueGreen" astroturf party, fronted by an array of former nats and people who were dumped by the Greens for not being Green enough. Its initial pitch is described by Stuff as "very business-friendly", and its priorities are what you'd expect: conservation, predator-free funding, a ...
    No Right TurnBy Idiot/Savant
    2 weeks ago
  • How to cheat at university
    A couple of days ago I attended (and spoke at) the University of Waikato’s “LearnFest” event. There were lots of talks and sessions on very diverse aspects of teaching, mostly at tertiary level. One was by Myra Williamson from Te Piringa Faculty of Law here at Waikato, on Contract Cheating ...
    SciBlogsBy Marcus Wilson
    2 weeks ago
  • How NZ was put on world maps using a transit of Mercury
    There will be a transit of Mercury – the planet Mercury will pass across the face of the Sun – taking place at sunrise in New Zealand on Tuesday, 12th November. It was by observing such an event 250 years ago that James Cook and his scientist colleagues were able ...
    SciBlogsBy Duncan Steel
    2 weeks ago
  • Georgina Beyer: We need to be able to talk without being offended
    Since becoming the world’s first openly transexual mayor and member of parliament, Georgina Beyer has been recognised as a trailblazer for trans rights. Daphna Whitmore talks with her about where she sees the current trans movement We start out talking about legislation the government put on hold that would have ...
    RedlineBy Daphna
    2 weeks ago
  • The anti-fluoride brigade won’t be erecting billboards about this study
    If FFNZ really put their faith in “Top Medical Journals” they would now be amending their billboards to recognise new research results. Image from FFNZ but updated to agree with the latest research. ...
    2 weeks ago
  • Chosen To Rule? What Sort Of Christian Is Chris Luxon?
    National Messiah? Chris Luxon identifies himself as an evangelical Christian. If he is genuine in this self-characterisation, then he will take every opportunity his public office provides to proselytise on behalf of his faith. He will also feel obliged to bear witness against beliefs and practices he believes to be ...
    2 weeks ago
  • War of the worms
    I'm going to make a Reckless Prediction™ that the Tories have 'topped out' in the 'poll of polls' / Britain Elects multipoll tracker at about 38%, and in the next week we will start to see Labour creep up on them.In fact, we might just be seeing the start of ...
    2 weeks ago
  • Marvelly shows us how to be a feminist without feminism
    by The Council of Disobedient Women Lizzie Marvelly: “I may have missed this… has @afterellen gone all terf-y? Or am I reading something incorrectly? “ https://twitter.com/LizzieMarvelly/status/1191840059105742849 After Ellen is a lesbian website that is unashamedly pro-lesbian, as you’d expect. So why is Ms Marvelly so bothered about lesbians having their ...
    RedlineBy Daphna
    2 weeks ago

  • Week That Was: Tackling child poverty
    It's been a great week of progress: we've celebrated Children's Day, we've made communities safer with 1800 new police, and we've seen almost 90% of eligible schools take up Government funding to scrap school donations - taking pressure off the families of more than 416,000 students. ...
    6 hours ago
  • New measures for wood processing boost
    Hon Shane Jones, Minister of Forestry The Government will further strengthen New Zealand’s wood processing sector as part of our focus on ‘value over volume’ in our forestry industry, Forestry Minister Shane Jones says. Minister Jones will today meet with forestry representatives in Northland to signal new measures to help the ...
    9 hours ago
  • New high tech traps will reduce the need for 1080 poison
    New Zealand First are celebrating the announcement of an investment of $3.5 million into five new trapping devices. These are a range of bait and trap devices, all designed to be left unattended for long periods of time. NZ First conservation spokesperson Jenny Marcroft says that this latest development will ...
    1 day ago
  • Cowboy clampers will be stymied
    Clayton Mitchell, Spokesperson for Consumer Affairs The ‘wheel clamping’ Bill that will cap clamper fees to $100 passed its third reading in Parliament today. New Zealand First welcomes The Land Transport (Wheel Clamping) Amendment Bill to combat predatory wheel clamping behaviour in what is currently a largely unregulated business. Cowboy clampers are: gouging ...
    3 days ago
  • Mental Health Commission back on track
    Jenny Marcroft, Spokesperson for Health New Zealand First welcomes the passage of the Mental Health and Wellbeing Commission Bill through its first reading in Parliament. “Today’s progress takes serious action on the mental health and addiction crisis the country is facing,” says New Zealand First Health Spokesperson Jenny Marcroft. “The re-establishment ...
    3 days ago
  • New Zealand’s key assets are not for sale: national interest test delivered
    Mark Patterson, Spokesperson for Primary Industries Today the Government announced the delivery of the promise to protect New Zealand interests by applying a new National Interest Test to the sales of our most sensitive and high risk assets to overseas buyers. This further strengthening of the Overseas Investment Act will ...
    3 days ago
  • National interest test added to protect New Zealanders’ interests
    The Coalition Government is delivering on its promise to protect New Zealanders’ interests by applying a new national interest test to the sales of our most sensitive and high-risk assets to overseas buyers. Under current Overseas Investment Act (OIA) rules, assets such as ports and airports, telecommunications infrastructure, electricity and ...
    3 days ago
  • Electoral law breach allegations
    Rt Winston Peters, Leader of New Zealand First Allegations raised this morning by Stuff Limited / Fairfax concern a party matter but I am confident that New Zealand First has operated within electoral laws, now and for the last 27 years. Declarable donations were declared to the Electoral Commission. Our ...
    3 days ago
  • Wayne Brown hits back at critics: Ports of Auckland has to move
    The chairman of the Upper North Island Supply Chain Strategy (UNISCS) working group, Wayne Brown, has hit back at critics of his group’s recommendations to relocate the Ports of Auckland cargo operations to Whangarei’s deepwater port of Northport. The working group's recommendation to close Auckland waterfront to all but cruise ...
    4 days ago
  • Week That Was: Supporting our schools
    We're setting our young people up for success, investing in education around the country.  ...
    5 days ago
  • Kiwis to have their say on End of Life Choice
    Jenny Marcroft MP, Spokesperson for Health New Zealand First backs the public to decide on the End of Life Choice Bill via a referendum at the 2020 General Election. The Bill, with New Zealand First’s referendum provision incorporated, passed its final reading in Parliament this evening. New Zealand First Spokesperson for ...
    1 week ago
  • Addressing miscarriages of justice
    Darroch Ball, Spokesperson for Justice New Zealand First is proud that a key Coalition Agreement commitment which will provide for a more transparent and effective criminal justice system has been realised. Legislation to establish the Criminal Cases Review Commission, an independent body focused on identifying and responding to possible miscarriages of ...
    1 week ago
  • Week That Was: Historic action on climate change
    "Today we have made a choice that will leave a legacy... I hope that means that future generations will see that we, in New Zealand, were on the right side of history." - Jacinda Ardern, Third Reading of the Zero Carbon Bill ...
    2 weeks ago
  • Tax-free deployments for Kiwi troops
    Darroch Ball, New Zealand First List MP A Member’s bill has been proposed that would provide income tax exemptions for all New Zealand Defence Force (NZDF) personnel while on operational deployment overseas. The Income Tax (Exemption for Salary or Wages of NZDF Members on Active Deployment) Amendment Bill proposed by New Zealand First ...
    2 weeks ago
  • A balanced Zero Carbon Bill passed
    Rt Hon Winston Peters, New Zealand First Leader New Zealand First is proud to have brought common sense to the Climate Change Response (Zero Carbon) Amendment Bill, which passed its final reading in Parliament today. Party Leader Rt Hon Winston Peters says months of hard work went into negotiating a balanced ...
    2 weeks ago
  • Paramedics’ status to be recognised
    Jenny Marcroft MP, Spokesperson for Health New Zealand First has listened to calls to recognise paramedics as registered health professionals under the Health Practitioners’ Competence Assurance Act (the Act). Today, the Coalition Government announced plans for paramedics to be registered as health practitioners under the Act, and the establishment of a ...
    3 weeks ago

  • PGF approves wind turbines funding for Stewart Island
    Stewart Island/Rakiura has been granted $3.16 million from the Provincial Growth Fund to help build two wind turbines, putting the island on a path to sustainable electricity generation, Environment Minister David Parker announced today. “Stewart Island is our third largest island, after the North and South Islands, and it is ...
    BeehiveBy beehive.govt.nz
    12 hours ago
  • NZ economy in good shape amid global headwinds
    A major new report on the global economy shows New Zealand is in good shape amid increased global headwinds. The Organisation for Economic Cooperation and Development (OECD) has just released its latest Economic Outlook. It shows the OECD group of economies is forecast to grow between 1.6% and 1.7% across ...
    BeehiveBy beehive.govt.nz
    16 hours ago
  • Milestone of 1800 new Police officers
    The Coalition commitment to add 1800 new Police officers to frontline policing has been achieved with the graduation of 59 constables from the Royal New Zealand Police College today. Prime Minister Jacinda Ardern and Deputy Prime Minister Winston Peters say today’s graduation means 1825 new Police have been deployed all ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • PM appoints business leaders to APEC Business Advisory Council
    Ensuring APEC work gets input from diverse New Zealand business and trade interests is behind three new appointments to the APEC Business Advisory Council (ABAC), Prime Minister Jacinda Ardern says. Rachel Taulelei, Malcolm Johns and Toni Moyes have been appointed to represent New Zealand on the Asia Pacific Economic Cooperation (APEC) ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • PM speech notes for Trans-Tasman Business Circle
    Nau mai, haere mai. Tēnā koutou, tēnā koutou, tēnā tatou katoa. Thank you for having me to speak today. To start, I’d like to acknowledge Sharron Lloyd, the General Manager of the Trans–Tasman Business Circle, the partners for this event Westpac’s  David McLean, and Derek McCormack from  AUT, and, of course ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Otago Regional Council given deadline for freshwater management plan
    A four-month investigation by former Environment Court judge Professor Peter Skelton found that Otago’s freshwater planning system is not fit for purpose to manage the region’s rivers, lakes and aquifers and that the Council has inadequate rules for the taking of water and the discharge of nutrients.   “Existing planning provisions ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • LGNZ Rural and Provincial Sector Speech
      Introduction Thank you for the invitation to speak to you today. This is the first opportunity I’ve had to speak to an LGNZ meeting since the local elections, and I’m delighted to see the fresh faces of newly elected mayors. To returning mayors here today, as well as chief ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • New Zealand to attend G20 Foreign Ministers’ Meeting in Japan
    Foreign Affairs Minister Winston Peters departs New Zealand today to attend the G20 Foreign Ministers’ Meeting in Nagoya at the invitation of this year’s G20 President, Japan. “This is the first time New Zealand will attend a G20 Foreign Ministers’ Meeting and we are deeply honoured that it is at ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Ambassador to the European Union announced
    Foreign Affairs Minister Winston Peters today announced the appointment of diplomat Carl Reaich as New Zealand’s next Ambassador to the European Union. “The Ambassador to the EU is one of the most important and senior roles in New Zealand’s foreign service, advocating for New Zealand’s interests with the EU institutions,” Mr ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • New inventions boost Predator Free 2050 effort
        Innovation and technology are behind five new tools to give nature a helping hand by helping eliminate predators, funded through the Provincial Growth Fund (PGF), Minister for Conservation Eugenie Sage and Parliamentary Under-Secretary for Regional Economic Development Fletcher Tabuteau announced today. “The new tools will be trialled in ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • APEC 2021 Bill passes first reading
    Foreign Affairs Minister Winston Peters has welcomed the first reading of the Asia Pacific Economic Cooperation 2021 (APEC 2021) Bill in Parliament today. The temporary bill supports New Zealand’s security preparations for hosting the Asia Pacific Economic Cooperation (APEC) Forum in 2021. “APEC is the leading economic and trade forum ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Making progress for our kids
    The Government is making progress on improving the wellbeing of the one million New Zealanders under the age of 18,” Prime Minister Jacinda Ardern said on World Children’s Day. The Government has today recommitted to the most widely ratified human rights treaty in history – the United Nation’s Convention on ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Māori women in business contribute to our economy, whānau and communities
    Minister for Women Julie Anne Genter has released a new report celebrating the contribution of Māori women in business across Aotearoa New Zealand. “Māori women are leaders in our communities, they employ many people and support our economy and our communities,” Julie Anne Genter said. The report, Ngā wāhine kaipakihi: ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Two schools on the way for Omokoroa
    Four parcels of land have been bought in Omokoroa, in the Western Bay of Plenty District, for an education facility that will accommodate both a primary and secondary school on a campus-like facility, Education Minister Chris Hipkins said today. Two parcels were acquired from private land owners and two were ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Families Package helps over 1 million New Zealanders in first year
    1 million New Zealanders warmed by the Winter Energy Payment 36,000 families bank the Best Start Payment in first year 6,000 more families received the Family Tax Credit, 220,600 in total   They receive an increase too – from an average of $117 to $157 a week for Inland Revenue clients, ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Clamp down on wheel clamping passes third reading
    New rules to clamp down on overzealous wheel clamping and extortionate fees charged in order to release a vehicle have passed their final stage in Parliament today. The Land Transport (Wheel Clamping) Amendment Bill has now passed its third reading. “These changes mean $100 will be the maximum wheel clamping ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Mental Health and Wellbeing Commission Bill passes first hurdle
    An independent Mental Health and Wellbeing Commission is a step closer after it unanimously passed its first vote in Parliament today.  The Mental Health and Wellbeing Commission Bill lays the groundwork for establishing the Commission as a fully independent crown entity – delivering on a key recommendation of He Ara ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Boosting border security with electronic travel authority – now over 500,000 issued
    We’ve improved border security with the NZeTA, New Zealand Electronic Travel Authority, which helps us to screen travellers for border and immigration risks off-shore before they travel to New Zealand. It was launched in August and became mandatory on 1 October 2019. More than 500,000 NZeTAs have been issued since ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Plan of action to protect seabirds
    A proposed national plan of action to reduce the number of seabirds caught in fisheries is being circulated for public feedback. Fisheries Minister Stuart Nash and Conservation Minister Eugenie Sage say New Zealand is a global centre of seabird diversity with about 145 species in our waters. It has more ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • National interest test added to overseas investment rules
    The Government is delivering on its promise to protect New Zealanders’ interests by applying a new national interest test to the sales of our most sensitive and high risk assets to overseas buyers. Associate Finance Minister David Parker said under current Overseas Investment Act rules, assets such as ports and ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • New housing part of support for Kaumātua
    The Government is building special housing to accommodate one of Aotearoa’s greatest taonga- our kaumātua, says the Minister for Māori Development, Hon Nanaia Mahuta.  Speaking at a National Kaumātua Service Providers Conference in Rotorua today, the Minister reinforced the importance kaumātua play in maintaining and passing on mātauranga Māori, knowledge, ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Forestry helps prisoners into jobs
    Eleven men from a pilot forestry training programme for prisoners in Northland now have full time jobs or job offers upon release, Corrections Minister Kelvin Davis and Forestry Minister Shane Jones announced today. The ‘release to work’ programme was a collaboration between Te Uru Rākau and the Department of Corrections, ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Reform of public service a step closer
    Minister of State Services Chris Hipkins today introduced into Parliament a Bill that will make it easier for the public service to tackle the biggest challenges facing Governments. The Bill represents the most significant change in the public service in 30 years. The State Sector Act 1988 will be repealed ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Donations scheme to relieve pressure on families
    The families of more than 416,000 students will be better off next year as their schools have signed up to the Government’s donations scheme, Education Minister Chris Hipkins said today. The scheme will see almost $62.5 million in additional Government funding go to schools nationwide next year. “I’m really pleased ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Further support for Samoan measles outbreak
    Foreign Affairs Minister Winston Peters has announced further support as the Government of Samoa responds to a serious measles outbreak. “New Zealand will deploy a further 18 vaccination nurses, bringing the total to 30 working in Samoa over the next four weeks,” Mr Peters said. “A New Zealand Medical Assistance ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Speech to the Child Poverty Action Group 2019 Summit
      Fa’atalofa atu, malo e lelei, Kia ora koutou katoa Thank you to the Child Poverty Action Group for asking me to be here today to provide an update on some of the things that have been happening across my the social development portfolio.  Can I firstly acknowledge the vast ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Speech to the New Zealand Thoroughbred Racing Annual Conference
    ***Please check against delivery*** Good morning everyone. It is a pleasure to be with you this morning to open this year’s New Zealand Thoroughbred Racing Conference and AGM. Firstly, thank you Dr Alan Jackson, NZTR Chair for your introduction. And let us acknowledge also: The NZTR Board; Dean McKenzie, Chair ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Fairer rules for tenants and landlords
    The Government has delivered on its promise to the over one million New Zealanders who now rent to make it fairer and more secure, Associate Minister of Housing (Public Housing) Kris Faafoi has announced today. Both renters and landlords will benefit from the suite of practical changes to the Residential ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Two decades of marine protection celebrated at Te Tapuwae o Rongokako in Tairawhiti
    A marine conservation milestone - the 20th anniversary of the establishment of Te Tapuwae o Rongokako Marine Reserve - is being celebrated today at a community event in Tairāwhiti/East Coast attended by the Minister of Conservation, Eugenie Sage. “The creation of this marine reserve in November 1999 was a game ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Food industry asked to step up fight against obesity
         The Government is asking the food industry to step up work to tackle obesity including reducing sugar, fat and salt in their products, better information for consumers, and tighter restrictions on advertising to children. Health Minister David Clark and Food Safety Minister Damien O’Connor have responded to a ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Modern emergency care for Queenstown area
    ew, modern emergency department and outpatient facilities at Queenstown’s Lakes District Hospital mean better emergency care for the growing tourist mecca’s visitors and locals, says Health Minister David Clark. Today Dr Clark officially opened the hospital’s redeveloped Emergency Department and Outpatient facilities. The new facilities include: •    An extended Emergency Department ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Contraception important for New Zealanders
    Associate Health Minister Julie Anne Genter says today’s release of sexual and reproductive health data reinforces the significance of the Government’s commitment to providing free or very low-cost contraception. The Ministry of Health today published statistics from the Ministry of Health’s 2014/15 Health Survey. “It is important people can make ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • NZ medical staff and measles vaccines going to Samoa
    Foreign Minister Winston Peters has announced that at the request of the Samoan Government, New Zealand will be providing further support to Samoa as it faces a worsening measles outbreak. “In response to a request from the people of Samoa, New Zealand is providing 3000 measles, mumps and rubella (MMR) ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Disability Action Plan 2019 – 2023
    “The new Disability Action Plan 2019–2023 moves us towards the inclusive and accessible New Zealand that this government has committed to,” Minister for Disability Issues Carmel Sepuloni announced today.  “The Action Plan was designed by disabled people, their family and supporters, the disability sector and government agencies. It will ensure ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Joint Statement – Third Singapore-New Zealand Defence Ministers’ Meeting
    Third Singapore-New Zealand Defence Ministers’ Meeting 14 November 2019 Joint Statement 1. Defence Ministers Ron Mark and Dr Ng Eng Hen today conducted their third annual Singapore-New Zealand Defence Ministers’ Meeting in Singapore. 2. Building on the Enhanced Partnership signed between both countries in May this year, this annual meeting ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Sexual Violence Legislation Bill has its first reading
    A Bill to improve the court system’s response to sexual violence has passed its first reading in Parliament today. Justice Minister Andrew Little says the Sexual Violence Legislation Bill will reduce the trauma sexual violence complainants experience in court, while maintaining defendants’ fundamental rights and making sure the trial process ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Streamlined business invoicing a step closer
    Streamlined payment practices are a step closer for Kiwi businesses with the formal launch of New Zealand’s e-Invoicing framework. Small Business Minister Stuart Nash says the government has now established the structure to enable automated and direct data exchange between the accounting systems of buyers and sellers. “The move to ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • More frontline biosecurity officers protecting NZ
    Another 51 quarantine officers and four new biosecurity detector dog teams will help protect New Zealand from invasive pests and diseases this summer, says Biosecurity Minister Damien O’Connor. “The Government is delivering on its commitment to strengthen New Zealand’s biosecurity system and support our valuable primary sector “New Zealand’s flora, fauna ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • NZ space economy worth $1.69 billion
    A new report has found New Zealand’s space sector contributed $1.69 billion to the economy in the last financial year and employs 12,000 people, Minister for Economic Development Phil Twyford announced today. The report by Deloitte was commissioned by the Ministry of Business, Innovation and Employment and shows New Zealand ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New Chair for Royal Commission into Abuse
    Judge Coral Shaw has been appointed as the new Chair of the Royal Commission into Historical Abuse in State Care and in the Care of Faith-based Institutions, Internal Affairs Minister Tracey Martin announced today. "Judge Shaw, who is currently one of the inquiry commissioners, is extremely well qualified for the ...
    BeehiveBy beehive.govt.nz
    1 week ago