Some headlines tell you everything you need to know, at a glance.
Why capital gains is a very, very bad idea - by Rodney Hide
This one, given it's overly-serious tone and discredited author, does the opposite intended, and makes Labours CGT sound like a sure thing, at least to anyone outside of the Act Bubble of Disengagement. Cactus Kate and Cameron Slater, inhabitants of their own Other Worlds, are frantically trying to discredit Labour's recently announced Capital Gains Tax proposals by parading an email they 'found' that talks about keeping the debate at a level other than the minutiae, suggesting that people will engage better with the reasons why they have proposed the CGT, especially in how it relates to National's intentions to sell our assets, cloaked as 'a lovely opportunity for mum and dad'. I think Labour are spot-on with their management of this and that the opposition coming from the Right looks, sounds and smells desperate.
2 comments:
Yes right on Robert re CGT - what struck a cord to me was Goff saying that Sam Morgan who made a profit from selling trademe of over 700 million dollars ..yet he paid no tax on this profit. Then Goff mention how a man in Auckland made 8 mil last year on trading shares yet despite making this tidy profit he again paid no tax. If I put money in the bank I expect to pay tax on my interest ..where do these people get off with all this pathetic protest. Tax is only fair if we ALL pay our share.
Agreed Pauline (see what I did there :-)
Most ordinary New Zealanders recognise the point you are making and yearn for fairness - it's part of the human condition. There's plenty of yowling going on from those who stand to be revealed and have to pay up, and that's further consolidating the views of those who are paying their fair share.
Brilliant Waituna letter the other day by the way. You are doing great work in the public domain.
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