One (unsuccessful) party in the recent NZ election proposed a tax on productive assets, including land and housing but excluding financial assets which would al

One (unsuccessful) party in the recent NZ election proposed a tax on productive assets, including land and housing but excluding financial assets which would already be taxed. It would only be levied if those assets did not produce some minimum return. This was in response to the wild property speculation that has made housing increasingly unaffordable for many people as well as stagnating productivity.