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The main obvious thing is to make property speculation neutral with regards to tax, rather than the tax avoidance hole that it currently is. Hopefully they'll
by elyobo 9y ago
The main obvious thing is to make property speculation neutral with regards to tax, rather than the tax avoidance hole that it currently is. Hopefully they'll address that too, but given that Adern has been quoted as saying they're not looking to push down prices in AUckland I'm not all that hopeful that they'll actually take the steps that need to be done.
- xupybd 9y agoThe tax loop hole in housing is something that needs to be addressed. If we have income tax we really need to tax all profit, including capital gains.
- elyobo 9y agoTOP's policies with regards to taxation were very interesting; no change in overall rate of taxation but broadening the tax base in such a way that would have significantly increased the tax on assets and decreased it on income. Too painful for the National base to take on and too radical for Labour to consider (even though it would significantly benefit their base) though.
- xupybd 9y agoYes TOP made a lot of sense. But did not do well enough to get in. Politics is often more of a popularity contest than a way of selecting the best party based on policy.
- elyobo 9y agoThe 5% threshold has a lot to answer for; needs to be either removed entirely (minimum threshold to be whatever the % is required at the time to get a single list MP into parliament) or, to appease those terrified of small parties, at least to have a transferable vote so that in the situation where your first preference fails to cross the line at least your vote transfers to your next preference. Both would improve support for minor parties, the first directly and the second by reducing the risk that your vote gets "wasted". Implementing both would be ideal (and, to add to that, adding an STV system for the electorate vote as well).