Greens favour capital gains tax

[JimO]

we dont need any more taxes we need more taxpayers, anything the greens want will be bad for the rest of us

[shrub]

we dont need any more taxes we need more taxpayers, anything the greens want will be bad for the rest of us

I see. How are we going to get more tax payers? And did you know 1% growth in population results in a need for a 3% growth in GDP? You haven't really thought that through, have you?

And having read th policies of all the major parties, and comparing what Norman, Goff and Key have said, I think the Green's policies are going to be the least bad for us. I'm interested in where you formed that opinion. Have you spent time reading and analysing what the parties stand for and looking at the future economic, social and environmental issues facing New Zealand?

Do you have any arguments that support that proposition? I'd be very keen to hear them.

[JimO]

I see. How are we going to get more tax payers? And did you know 1% growth in population results in a need for a 3% growth in GDP? You haven't really thought that through, have you?

.

why do we need a growth in population?? there are enough people on the receiving end of the tax dollar that contribute fuck all, encouraging them to work and pay tax would be a good start, mind you most of the bludgers are probably the sort that vote green, why further tax the people who work hard and own several propertys and already pay more than enough tax. your move

[Mully]

And having read th policies of all the major parties, and comparing what Norman, Goff and Key have said, I think the Green's policies are going to be the least bad for us. .

You know, it's funny, but I've been reading some of the Green's policies and there are a few that I think are great

That being said, until they stop all the PC bollocks (must have opposite sex co-leaders, every damn policy saying they must honour Maori and "Te Tiriti o Waitangi", etc) and presenting themselves as single-issue lunatics (yes, there's probably some media spin in there, too), I'm unlikely to vote for them.

[phill-k]

I thought the idea was to reduce debt. Any new tax, or increasing existing taxs is just going to increase debt. Look back to when NZ's debt was increasing the fastest, it was when we had the highest overall tax take. Look back to when NZs debt was decreasing the fastest, it was when we had the lowest overall tax take.

To reduce debt we need to reduce non productive expediture. Ie the dole, the dPB, and some of the sickness benefit. I'm not saying eliminate these, just turn them from non productive to productive expenditure.

Ask the Irish about reducing taxation, remember them the round table was promoting Ireland in 2005 and more recently Key said we needed to take a leaf out of the Celtic tigers book, reduce our taxes and follow their lead, funny all the rich pricks who promoted Ireland as a country we should emulate have gone quite on that now. Roll on asset sales, the greens are the ones on the right track wonder if we have the balls to start really dealing to our issues.

I love the way all you right wing pricks start your trawl with the social welfare system wanting to eliminate benefits and blame all our problems on bludgers, have a look at yourselves and the wroughts you all are involved in and perhaps learn a little empathy for your fellow man who is not so well off.

some of the very best countries to live in today are the scandinavian ones, they care for all their peoples rich and poor, have the lowest crime rates, the highest rates of satisfaction within their peoples and also the highest tax rates supporting their lifestyles. It is these countries we need to model our country on, hopefully at the same time the rest of the rich pricks who have destroyed our country and haven't already fucked off will.

[Hitcher]

This is all a bit pointless really. The Greens are never going to be in a position to form a government, and there's no way any of the major parties with whom they may coalesce after the next election will have a bar of a capital gains tax.

[shrub]

why do we need a growth in population?? there are enough people on the receiving end of the tax dollar that contribute fuck all, encouraging them to work and pay tax would be a good start, mind you most of the bludgers are probably the sort that vote green, why further tax the people who work hard and own several propertys and already pay more than enough tax. your move

Ah, so the problem is that there aren't enough people working. Did you know we're in the middle of a bit of an employment crisis? What that means is that there are more people than jobs, so until the economy starts growing and jobs get created there will be no increase in the number of taxpayers.

Why is this so? A lot of reasons, but arguably the biggest problem NZ businesses face is that private investors in NZ place all their money into residential rental properties. OK, what's wrong with that you ask? Simple, it artificially inflates the value of residential properties by creating a greed driven demand and worst of all it diverts savings from productive investments (meaning money invested in investments that actually produce something, usually businesses) into rental houses that add nothing to the economy.

And guess what, those pesky greens want to put capital gains tax on investment properties. That will make rental houses less atttractive which means the money will go where it will serve NZ best - into businesses. Bloody Greens, what right have they to come up with ideas that are good for business?

[BMWST?]

I don't buy the de-incentivising argument, as the private investor invests their money where they want... they may see less of a return, but they'll still be making a profit. The housing market isn't exactly booming at the moment and the financial gurus always seem to be encouraging "us" to move away from property. Sounds like a win win to me...

At the end of the day there's a profit being made. Is there a capital gains tax on sold shares and dividends (doesn't seem to be a deterrent)? Is there capital gains tax on your savings? T'would seem odd not to charge tax on every profit making "mode"... It would also seem strange that the property market would be so adversely affected, it's not like there isn't money to be made. It seems to work for plenty of other countries around the world too. So why not NZ?

last time i checked you were taxed on interest from even the most paltry savings ammount..

[supa.m]

[QUOTE=shrub;1129971219]I see. How are we going to get more tax payers? And did you know 1% growth in population results in a need for a 3% growth in GDP? You haven't really thought that through, have you?

What does a reduction in population do?

[Jantar]

....And guess what, those pesky greens want to put capital gains tax on investment properties. ....

Actually they want to tax All capital gains except the family home. That includes capital gains on shares, so making it less likely people will invest in business.

[puddytat]

Just seen something on the Telly saying that the Treasury favours Tax reform over asset sales



Jimo...
[QUOTE]why do we need a growth in population?? there are enough people on the receiving end of the tax dollar that contribute fuck all, encouraging them to work and pay tax would be a good start, mind you most of the bludgers are probably the sort that vote green, why further tax the people who work hard and own several propertys and already pay more than enough tax. your move /QUOTE]

Comrade Jim, relax man & get over the fact that most Greens are better educated than the average redneck & may have a higher moral & ethical view .They may have also possibly left the country & seen some off the outside world, not just the suburbs of Sydney.
Im sure most of them would have a lower cost of living, & less of a mortgage too.Of course I cant prove it, but I know more of them that are in a better financial position than a lot due mainly to an inbuilt frugality...& funnily enough seem to suffer less from anxiety attacks due to thier financial situation than most.
How could 5% of the voting population be the majority bludgers? Way more likely to be Labour or Nats....

[shrub]

Actually they want to tax All capital gains except the family home. That includes capital gains on shares, so making it less likely people will invest in business.

Not necessarily. A good share portfolio will generate income as well as capital gain, and income is taxed, yet people still invest in income investments. The biggest benefit to residential property is the untaxed capital gain - if you look at the typical yields on rental properties they look downright stupid as an investment.

[Flip]

LAQC status on rental properties went on 20+ years ago when there was no rental properties available and the govt didnt have the money to make a whole pile new state houses. They needed ma and pa investers to invest in rentals, but because the market was dispressed because of the low rental state properties......

Yea right tax capital gain and charge folks in rental properties the real value?

Go and do somthing usefull like play on the motorway Greens.

[Wannabiker]

Go and do somthing usefull like play on the motorway Greens.[/QUOTE]


and if the greens have their way, the best you will be able to do is get hit by a bicycle...

Best get used to taking the bus if the greens get their way.

[puddytat]

Go and do somthing usefull like play on the motorway Greens.

and if the greens have their way, the best you will be able to do is get hit by a bicycle...

Best get used to taking the bus if the greens get their way.[/QUOTE]

Yeah 'cause it'll get you used to it in time for when fuel hits $3/ltr....