What about trusts with no income but just assets such as only a house they live in.? Might be a few settling out of the trust if this comes about??
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What about trusts with no income but just assets such as only a house they live in.? Might be a few settling out of the trust if this comes about??
One of the better articles I’ve read. Intelligently having a crack at politics and getting a good point across on what successful business brings to the tax table.
On the greens policy, I support finding a better balance but paying people more to sit at home popping out babies is a temptation that can be easily taken advantage of. Guessing it would be rather inflationary too.
https://www.nzherald.co.nz/business/...L23HSJ3FE6U4Y/
Im sure you can find the optimal solution based on the Greens proposal without leaving the country. In terms of rich I was think the likes of the mega rich. They could easily relocate and minimise the effects.
There is no doubt there is inequality. I don't believe this is the right approach for the country. Not one easy answer because there are many issues interconnected.
I understand why they are doing this, as we have spent too much money as a country. The only problem I have always had is just handing poor people money. Can we not give them opportunities, so they become an asset for society, rather than just receive money. The majority of people I know on he benefit don't just want money, they want to feel needed and important.
In Napier we need loads of workers in the trade sector and truck drivers. All offering starting rates of between $30-45 per hour, much more than just on a benefit. Help people get into these jobs rather than just hand everyone money. I will just be using the $385 to pay taxes.
Cheers for this appraisal - you are a real sunshine. A true Fortune Cookie :t_up:
But don't forget - after the end of the world as we know it, a new and better world might emerge :) ;
Seriously - apart from this policy not being implementable (anybody thought about what happens if landlords add an annual rent hike of $25000 to recover the wealth tax for their $1million property), any party suggesting it is committing suicide.
I suppose the Greenies will fight as well for the removal of the 5% clause. They will need to. But anyway - the sun will rise tomorrow.
I don't know what the root causes but I agree with you. People need to feel good about contributing to society.
Apparently about of third of teenagers cannot read or write. Thats a terrible statistics. I recently listened to an podcast that talked about learning challenges. Apparently about 50% of people in prison have dyslexia.
I am wondering one cause or reason for some of the issues we have now is because the needs are not being accommodated so they fall through the gap.
Greens get their wish and company tax rate up to 33% means company tax paid profits down about 9%
EPS down so unless PE ratios go up the stock market will fall
I agree there is inequality and am quite happy if the governments introduced some form of tax for everyone and not just the rich. Only on assets sold, not on estimated values. If everyone pays GGT on all assets sold, Trusts or individuals, everyone would just need to pay and everyone could complain, but it would make it fair. Plus they have to allow for capital losses. You can't have one without the other