whats your thoughts on the CGT

[HenryDorsetCase]

So financial analysis suggesting a CGT will have either a neutral or inflationary effect on house prices is wrong?

Personally I think its far too early to make that call. And $5 says that whoever is pushing that barrow had a conclusion they wanted numbers to match.

I am interested in the TWG reasoning but unfortunately their report is like 200 pages long and I just dont have time to read it. Or motivation if I am honest - the new Classic Racer arrived yesterday and I bought the new Classic Bike mag on Tuesday. I'm going to a seminar later this month on it and will wait for that - it will be given by the guy who got the gold medal in law in my year - he's one of the pre-eminent tax lawyers in the country. His opinion I will pay for.

[RDJ]

bwaaaaaaaaa ha ha ha ha ha ha ha haaaaaaaaaaa@too many potential potential taxpayers. If they receive welfare, they're taxed on it. You're dumb, you must be Oceans twin.

Must be sad for you and your lot to be so tragically unable to make your own way in the world; to be dependent on others' productivity for your handouts - no matter how you try to call them reparations you know, down deep, that they are handouts; and that your only alibi for your envy and covetousness dates 150 years back...

[Katman]

Must be sad for you and your lot to be so tragically unable to make your own way in the world; to be dependent on others' productivity for your handouts - no matter how you try to call them reparations you know, down deep, that they are handouts; and that your only alibi for your envy and covetousness dates 150 years back...

There is so much that is wrong about that post - I'm sure mashman will get much laughter out of it.

(By the way, cover yourself up - your rampant racism is showing).

[mashman]

Must be sad for you and your lot to be so tragically unable to make your own way in the world; to be dependent on others' productivity for your handouts - no matter how you try to call them reparations you know, down deep, that they are handouts; and that your only alibi for your envy and covetousness dates 150 years back...

Ahhhh the politics of envy and fear. Simon Bridges was right. Enjoy your entitlement son.

[jasonu]

Enjoy your entitlement son.

Fuck me the irony is thick around here.

[Swoop]

Point #1: The form of the proposed CGT is the harshest in the world, outside of dictatorships.
Point #2: Liarbour LOVE TAXES!!!!! It gives them a soft-on and panties are made moist by the very thought of it.

Point #3: After all their other lies to get into government (10,000 houses, child "poverty", etc) this will be the one to terminate them.

Stay away from Kiwisaver. The point of it is to ...

Very wise advice.
Being part of a scam where the government keeps moving the retirement goalposts at their leisure is not worth touching.

I don't know anyone with a residential investment that doesn't use their own wages to help pay it off. In my case it amounted to more than the rents, and that's pretty common.

Add all of the other costs involved in house ownership, (a lot of it bureaucratic compliance costs) and the annual costs are often tens of thousands a year more than the rent covers. That means extra work, lots of it, for fucking years. The "profit" is deferred until you either pay off the mortgage or sell it. And if you take inflation out of that profit on the sale it's not really much of an investment, for me just barely better than cash in the bank over the same time frame. Just.

Not that they'll allow depreciation based on inflation for a CGT, of course, for the same reason investors will get out of the business if and when they introduce it: take out the tax on inflation and it's not worth doing it.

But like you it doesn't worry me any more. I got sick of not only Working For Everyone Else's Family but then being blamed for the need to do so in the first place, so I sold the last residential investment last year. Funny you should mention boats, I blew the resulting funds on one. Best investment I ever made.

Nobody ever seems to learn about how badly governments screw the taxpayer, there isn't a savings nest egg or hard earned investment that isn't targeted, simply because it's there, and they can. Kiwisaver? I was hopeful it might work to encourage saving, reducing the need for subsidies in retirement, but as the quantity of savings has grown successive governments haven't been able to resist the temptation to raid it to buy votes. They raided EQC investments. Gone. Happens every time a savings scheme reached a useful size: it's plundered to buy votes. This time it's a coordinated attack on all of them, property, farms, kiwisaver, (again), business investment, anything anyone's worked to accumulate for any reason whatsoever is being stripped. Because, apparently, it's only fair.

Quoted again because sensible posts in this thread are rare.

Shame a lot of the poor are that way because they can't be fucked working or live up norf where there are hardly any jobs. Sucking from the welfare teat while sitting on the couch playing spaceys and smoking dak is the chosen life style of way too many potential tax payers.

Yet there are fruit pickers required throughout the country at the moment... Honest work, but we have to inport migrant labour to do the jobs.

[RDJ]

Shane's nephs have integrated with the couch... no fruit-picking or seedling-planting possible for them.

[mashman]

Fuck me the irony is thick around here.

No... and what irony? coz the only thing that looks thick around here so far is your twindom with the right whingers.

[RDJ]

Working for a living is the center of civilization, not right-wing, you self-beclowner.

[mashman]

Working for a living is the center of civilization, not right-wing, you self-beclowner.

No, life is the center... it just happens to clash with your entitlement. As I said earlier, a CGT is great for bringing our the entitlement brigade, and all coz they believe that work, not life, is the center of civilisation and that if you aren't contributing to the destruction of the planet (Earth Overshoot is the evidence that proves this beyond a shadow of a doubt), I mean working, then you should have a very good reason for it or indeed should off yourself at the earliest opportunity. All done under the auspice of working being the center of life despite the evidence proving that that working is destroying more than it can replace from the host environment, that life, and ironically commerce, rely on.

You right whingers are rather sad entitled excuses for human beings arencha eh.

[Ocean1]

Absolutely that is a subset of people receiving state benefits. I do believe it is hugely overstated as it serves a certain flavour of political rhetoric.

I also understand that we are currently experiencing a very low unemployment rate, and critical skills shortages in some areas.

I don't think there's a definitive border where "X" beneficiaries can be said to be making all of the easy choices and straight up declining to earn their own money instead because a benefit is just easier, and "Y" beneficiaries who can be said to be be actually genuinely unable to earn their own money. There's obviously both sorts at either end of a spectrum and a bunch in the middle that could earn their own, but only at a level of effort they believe isn't acceptable.

The thing most of 'em conveniently forget it that it might be easier for them, but it's not for whoever had to work longer or harder without receiving what they earned to make that benefit available. For every dollar paid but not earned there's a dollar earned that isn't paid.

[Ocean1]

Personally I think its far too early to make that call. And $5 says that whoever is pushing that barrow had a conclusion they wanted numbers to match.

I am interested in the TWG reasoning but unfortunately their report is like 200 pages long and I just dont have time to read it. Or motivation if I am honest - the new Classic Racer arrived yesterday and I bought the new Classic Bike mag on Tuesday. I'm going to a seminar later this month on it and will wait for that - it will be given by the guy who got the gold medal in law in my year - he's one of the pre-eminent tax lawyers in the country. His opinion I will pay for.

Welcome to modern identity politics, where only you and me are completely innocent of selective interpretation. The point was that unless there's a significant price reduction likely, (which nobody agrees is the case) then "making housing cheaper" is a farcical excuse for implementing a CGT.

It's been a fucking long time since any government has implemented policy of any sort where the eventual results matched the stated reason for introducing it. So the very best advice for anyone who wants to understand how any particular policy will work is to utterly disregard anything the govt of the day has to say about their reasons for wanting it. Goes for dodgy, "disinterested" working groups also.

[Voltaire]

Fruit picking from memory is seasonal and not a lot of orchards in cities

How would the Govt 'raid' Kiwisaver funds when they are not in Govt schemes?

[husaberg]

Personally I think its far too early to make that call. And $5 says that whoever is pushing that barrow had a conclusion they wanted numbers to match.

I am interested in the TWG reasoning but unfortunately their report is like 200 pages long and I just dont have time to read it. Or motivation if I am honest - the new Classic Racer arrived yesterday and I bought the new Classic Bike mag on Tuesday. I'm going to a seminar later this month on it and will wait for that - it will be given by the guy who got the gold medal in law in my year - he's one of the pre-eminent tax lawyers in the country. His opinion I will pay for.

Scan an post the Doohan one would you.

Fruit picking from memory is seasonal and not a lot of orchards in cities

How would the Govt 'raid' Kiwisaver funds when they are not in Govt schemes?

You are asking a bit much if you expect him to back up what he posts

[RDJ]

No, life is the center... it just happens to clash with your entitlement. As I said earlier, a CGT is great for bringing our the entitlement brigade, and all coz they believe that work, not life, is the center of civilisation and that if you aren't contributing to the destruction of the planet (Earth Overshoot is the evidence that proves this beyond a shadow of a doubt), I mean working, then you should have a very good reason for it or indeed should off yourself at the earliest opportunity. All done under the auspice of working being the center of life despite the evidence proving that that working is destroying more than it can replace from the host environment, that life, and ironically commerce, rely on.

You right whingers are rather sad entitled excuses for human beings arencha eh.

Society-parasites like you just gotta parasitize. And yet feeling vaguely uncomfy about it, you then try to proselytize. And fail all over again. And finish by projecting what you see in your mirror.