@9FD3GKYNew Zealand First7mos7MO
The government already taxes at every point. A captital gains tax to a single home owner after real estate agent fees, is a kick in the nuts to casual seller.
It is crazy that you can make more tax fee income on owning property in New Zealand than you can as working as a doctor.
@9F6ZRW4 7mos7MO
If we increase taxes on capital gains there will be less investment. Less investment leads to less economic growth.
I think the hard workers such as tradies trying to make a life for themselves and try to get ahead in life and not living paycheck to paycheck would really appreciate it if tax was lowered and not increased, therefore there might be more tradies and not a shortage of them
@9F7M2W47mos7MO
I think you misunderstood the question. Capital gains tax will not majorly effect the middle class tradie living paycheck to paycheck
@9FYZR5H6mos6MO
The only people saying yes are people without homes of their own. The people that always blame the government or someone else when things aren’t handed to them. We need to reduce needless spending, not tax more so we can waste more money on hand-outs.
For a CGT to work it must be applied to all assets including the family home, any exemptions will create unfair situations for someone. The family home should never be subject to a tax, therefore a CGT will not work properly, fairly or equitably.
@9FGNKCG7mos7MO
Tax has already been paid on the particular asset - Why further pressure the receiver for TAX on something that has been gifted to them.
A lack of tax on capital gains only widens the wealth gap. A central principle of economics is that you can only earn money by spending 1) time (i.e. one's labour, which is limited by hours in the day); and 2) money (i.e. one's investment, which is limited only by the growth potential financial instrument employed). This means that only those with access to expendable capital can employ both methods. Worse yet, a lack of capital gains tax mean: 1) they are not required to contribute a share of wealth earned by capital means, despite their vastly improved means to accumulate wealth;… Read more
Those who move property quickly pay taxes regardless. Applying at capital gains tax, This doesn’t help the issue.
We must encourage and applaud success, not envy and cut down tall poppies as this country currently does. So much envy in New Zealand.
@9F5FT6YNew Conservative7mos7MO
Families should be able to keep what they earned without the government forcefully taking it away after a family members death.
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