scoop.co.nz 18 Mar, 2021 22:15 am

Stand By For More Dumb, Ineffectual Taxes

Stand By For More Dumb, Ineffectual Taxes
“No amount of sensible advice to the contrary will stand in the way of Labour’s dogma that there isn’t a problem you can’t tax your way out of,” says ACT Leader David Seymour. “It’s clear that a big part of Labour’s upcoming series of silver ...

“It’s clear that a big part of Labour’s upcoming series of silver bullets for the housing crisis will be some form of increased land and property taxes.’ “Add that to his earlier confirmation that he’s considering extending the bright line tax on selling investment property from five to 10 years – which is a capital gains tax by stealth – and it’s clear Labour hopes to tax its way out of the housing crisis.Only building more houses will alleviate the housing crisis.“The other two components of tackling the housing crisis are infrastructure and the buildings themselves.

“The New Zealand Initiative released a report on this last month.“We’ve already seen this in action in New Zealand.

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