Capital Gains Tax finally on a major party's agenda

[mashman]

What frustrates me is that we do not have a national conversation on these issues.

Heh, I think we all know how that would go. Great idea, but not our policy... next... let alone the bludger and bene bashing.

[BoristheBiter]

like we'll ever find that out and get a chance to make those decisions... Lifetime perks for pollies would be the first on the block

See, I knew I would get you thinking about getting rid of benefits.

[mashman]

See, I knew I would get you thinking about getting rid of benefits.

nice...

[puddytat]

Well folks, I've just read on yahoo news that our dear leader has said that National will never implement a Capital Gains Tax. So .....
Rod Oram earlier today was rather scathing about the blase' approroach towards the Financial crisis & Credit downgrade by the Finance Minister & if anyone questions them there is always an offhand answer or some platitude.He also said that the blame for the downgrade could be laid squarely at Nationals feet because they have done nothing to inspire confidence or address debt, both Govt. & public & is still borrowing heavily, especially for Chch whereas like the Greens suggested & what America has done with its Natural disasters ,he should be creating a special levy to finance the rebuild.
Why is my Gut instinct telling me we're being set up to fail & that NZ will be sold by ShonKey by lunchtime in the next term.
Their arrogance is rather concerning.

[Hinny]

After all the reassurance NZ was better placed than other nations, our debt was low by comparison, no need to panic, don't worry about selling anything to reduce loans...duh THUD. Another international downgrade for us.

The reassurances are still valid. Cause of the downgrade as stated was not because of our high sovereign debt but the rate of borrowing.
Bill English stated that he was borrowing more than he needed to while interest rates were low so that he wouldn't have to borrow at higher rates later.
Does that make sense to anyone?

Before anybody goes lambasting John Key for mismanaging the economy they should accept that he is not the finance minister.
His demonstrated grasp of economics would make one consider that this is a good thing.
He does however seem to have the ability to dip his hand into the kitty whenever he feels like it. Giving $18m to Warner Bros. Borrowing money to buy US treasury bonds. Giving money to the Libyan Rebels.
Unbelievable.
His hero was Rob Muldoon and he seems to be adopting a style that is a mix of him and George Bush. Same policies...Same disregard for democracy ... but we are going to get a different outcome this time. Tui moment.

[Oscar]

The reassurances are still valid. Cause of the downgrade as stated was not because of our high sovereign debt but the rate of borrowing.
Bill English stated that he was borrowing more than he needed to while interest rates were low so that he wouldn't have to borrow at higher rates later.
Does that make sense to anyone?

Before anybody goes lambasting John Key for mismanaging the economy they should accept that he is not the finance minister.
His demonstrated grasp of economics would make one consider that this is a good thing.
He does however seem to have the ability to dip his hand into the kitty whenever he feels like it. Giving $18m to Warner Bros. Borrowing money to buy US treasury bonds. Giving money to the Libyan Rebels.
Unbelievable.
His hero was Rob Muldoon and he seems to be adopting a style that is a mix of him and George Bush. Same policies...Same disregard for democracy ... but we are going to get a different outcome this time. Tui moment.

Disregard for democracy?
He's making the sale of state assets an election issue.
You don't let the facts get in the way of your rant, I see...

[puddytat]

Before anybody goes lambasting John Key for mismanaging the economy they should accept that he is not the finance minister.
.

Really?
Nah its this bloke called Wall Street

[Hinny]

Disregard for democracy?
He's making the sale of state assets an election issue.
You don't let the facts get in the way of your rant, I see...

I was talking about the govt using urgency 20 times in two years.
Sale of state assets an election issue.... Tui moment.
It is a major con job.
The importance of protecting the security of our energy, food and water is of paramount importance to the future well being of NZ citizens.
An appreciation of the game playing involved in the current situation regarding energy illustrates the futility and fallacy of the private ownership models promoted by previous National governments.
"A competitive market will give us cheaper energy."
In hindsight that was clearly a load of horse manure.

[puddytat]

I was talking about the govt using urgency 20 times in two years.
.

Rather worrying when you consider that no previous Govts for the last 70 years felt the need to use "urgency as much....
As for them making it an election issue we'll here them going bla blah blah..... The have already made the decision I reckon,even more so now because of the credit downgrade.
I think we'll need to get out on the streets in force to stop it.

[paturoa]

I'm not in favour as the application will do nothing to address the current imbalance in taxation for the EXISTING taxes.

I've known plenty of self employeed, small business people over the years that pay next to no tax other than GST. I'm a wage and salary earner and I pay fecking heaps of tax.

Which ever political party that has the balls to effectively address the current holes in taxation will get my vote.

Introducing an equivalent across the board CGT tax onto the current biased taxation does absolutely nothing other than get me paying MORE tax.

[Winston001]

He does however seem to have the ability to dip his hand into the kitty whenever he feels like it. Giving $18m to Warner Bros.

Under the previous Labour government, $49.728 million was paid to movie producers. Nobody objected. http://www.med.govt.nz/templates/Page____17609.aspx

[Zedder]

Under the previous Labour government, $49.728 million was paid to movie producers. Nobody objected. http://www.med.govt.nz/templates/Page____17609.aspx

Payouts! Don't get me started on payouts Winston.......

[rainman]

What frustrates me is that we do not have a national conversation on these issues.

Indeedy, me too. And on a few other pressing issues besides. Yet what can be done when the masses have their sensibilities willingly anaesthetised by flat-screen TVs, RWCs (upgraded to Dan Carter's groin) and Smiley McSmilealot? Rod Oram was on NatRad this morning trying to have a conversation about our dependence on primary industry and our low value, low wage economy. Worth a listen, but you won't hear it on talk radio.

as English already said that we'd had a double dip some months ago...

Well, he certainly did.

[rainman]

Which ever political party that has the balls to effectively address the current holes in taxation will get my vote.

So, not Labour or National then.

By the way, dude, those charts are complete bollocks. But I get the point you are trying to make.

[mashman]

Which ever political party that has the balls to effectively address the current holes in taxation will get my vote.

Saw you and thought of this ... it'll be interesting to see who gets caught... TUI

Disregard for democracy?
He's making the sale of state assets an election issue.

... in this case I'm hoping that the public are just one trick pony voters and SOE sales are the stick.

I'd love to see more detail on Hone's proposal though