Mike Hosking: We were lied to on tax

Has the Government's desire to bail out their dire fortunes in the election, in fact, made them worse?

The revelation that the Government was indeed considering a wealth tax this budget has been blown wide open by the release of budget papers - and the Prime Minister confirming that he killed it.

For months now there has been a suspicion of this. I first got wind of it in a speech the Statistics Minister Deborah Russell made in Queenstown months back, on the work that David Parker had done around the so-called super rich.