Kerre Woodham: Labour was prepared for wealth tax- until it could cost votes

Watching Chris Hipkins igniting the bonfire of Labour's vanity projects when he took office earlier this year reminded me of the old Groucho Marx quote: “These are my principles, and if you don't like them, well, I have others.”

I was reminded of this again when I heard Chris Hipkins rule out a wealth tax and capital gains tax as long as he is leader of the Labour Party. This had been something that dyed in the wool Labourites had prepared to die in a ditch for, until it looks like it's going to cost them votes.