David Farrar: Heard that before

The Post reports:

Labour leader Chris Hipkins says he is not aiming to make state spending and taxation 33% of the economy, despite his party’s fiscal strategy suggesting it would eventually get there. …

National has attacked the 33% figure, arguing it shows that Labour will need to enact more than just the CGT, which is only expected to raise $1.5 billion within the forecast period ‒ which would not get anywhere close to raising revenue to 33%.