Heather du Plessis-Allan: I hate wealth taxes even more than I hate CGTs

I really hate wealth taxes. I hate them even more than I hate capital gains taxes.

Because at least with a capital gains tax, you have sold the asset, so you made some money and can use that money to pay the tax.

With a wealth tax, you haven’t sold anything. You're just getting taxed because the house you live in and the assets you own are worth enough to tax. And so you need to start paying, but you don’t have any extra cash to pay that with.

NZCPR Weekly: Election Choices

Dear NZCPR Reader,   

This week, we reflect on the election choices provided by National’s new leadership team and we outline the Green Party’s plan to increase taxes and welfare benefits in a Labour-Green Government, our NZCPR Guest Commentator Lindsay Mitchell explains how increasing benefit dependency endangers children, and our poll asks whether you believe Jacinda Ardern, or Judith Collins, will be New Zealand’s next Prime Minister.

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NZCPR Weekly: Pandemic Stocktake

Dear NZCPR Reader,   

This week, we compare how National and Labour have responded to pandemics, our NZCPR Guest Commentator Barry Brill questions the validity of the Prime Minister’s claim that New Zealand’s Covid-19 track record is the envy of the world, and our poll asks whether you believe that the PM’s strategy of ‘eliminating’ Covid-19 is sustainable in the long term.

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