What a dumb statement, nobody would voluntarily pay tax. In the words of Warren Buffet after being attacked in the same manner for suggesting the rich should be taxed more.
The billionaire investor, in the new issue of Time magazine, says he will donate $1 to paying down the national debt for every dollar donated by a Republican in Congress. The only exception is Senate Republican leader Mitch McConnell - for whom Buffett said he would go $3-to-$1.
The idea stems from a New York Times opinion piece Buffett wrote last August in which he said the rich ought to pay more taxes. It sparked an instant controversy, with some Washington conservatives calling on the 81-year-old “Oracle of Omaha” to voluntarily pay extra.
"It restores my faith in human nature to think that there are people who have been around Washington all this time and are not yet so cynical as to think that <the deficit> can't be solved by voluntary contributions," the Berkshire Hathaway BRKa.N CEO told Time for an article hitting newsstands on Friday.
I remember when Stephen Tindall signed a letter asking the government to tax the rich more, he was accused by some dhead on here that he was virtue signaling and should voluntarily donate if he felt that strongly.
And to keep with thread I think some people lie about "intention" when selling assets. Although a heavily leveraged property speculator with a rental yield significantly below the mortgage rate and an interest only loan should have to show how many decades it would take to generate a rental profit without relying on capital gain as well.
Agreed a simple as possible comprehensive capital gains tax might be a good idea. It stops turning honest kiwis into liars and always seemed unfair to tax labour but not capital. Although it might make retirement village operators less attractive as an investment.