Doppelganger
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Doppelganger
I am not convinced that determining which taxes should be levied is a question of morality. If it were, then they would all be immoral. The state confers property rights and it can take them away…
Imo, if any taxes are "disgusting", they would be GST & Income tax. The taxpayer's own attempt to stay alive through earning income to expend on subsistence is double-taxed.
I don't see why it would not be fairer for GST and Income tax to be eliminated and for death duties, gift duties and CGT to replace them. Perhaps there would then be an incentive to increase labour productivity instead of inflating the price of land. However it would be fairer still to broaden the tax base rather than swapping one narrow tax base for another.
Well this is load of bull. Penalizing somebody's children because somebody else didn't save anything during their live. That's a complete oposit to meritocracy.
Maybe the owner of that particular vagina spent her life saving money for their children, living frugaly, while owner of another vagina with the same circumstances spent the money on cars, vacations and eating out. In my opinion, taxing those already taxed savings is definitely not fair.
BTW it's not just money you can't choose at birth... health, height, inteligence and looks come to mind as well. How do we redistribute those?
Anyone else feel things are starting to turn against our divisive and incompetent PM and her bunch of cronies?
Selection of headlines / articles over the last few days:
- Clean car discount: Up to 107,000 motorists to be stung with new tax under 'feebate' scheme
- Covid-19 worker shortage: Auckland restaurants Cassia, Sidart, French Cafe, forced to close for two weeks
- Emergency housing crisis: Hawke's Bay hotel earned $1.5m in nine months but it was 'too much hassle'
- Treasury warning to Government: Trillions of dollars in 'unsustainable' debt cycle
- Number of children living in motels reaches record high despite Govt's pledge to combat child poverty
- Opinion: Jacinda Ardern knows she's in trouble over proposed hate speech laws
- Human Rights Commission's donation to the Waikato Mongrel Mob revealed
- If you can handle it… watch her squirm, deflect and laugh when asked a direct question: https://fb.watch/v/1Kcep3e7v/
Good summary Sir Ten. The challenges presented by Covid are many. We do need more than fudged responses. I think Labour can put the No New Taxes promises in the trash can labelled "Broken Promises"!
'There are of course very strong arguments for Death Duties or inheritance tax as you prefer to call it' Well pickle me - it's difficult to interpret that statement of yours as meaning anything other than you consider inheritance tax to be a different name for the same thing.
You are misreading or mis understanding what's written.
I'm saying Death Duties (or Inheritance Tax), are not a Capital Gains Tax.
Death Duties are a tax paid on the value of all assets & money of a deceased person before being passed on to a beneficiary.
CGT is a tax paid by the living, usually at the point of sale or disposal of an asset, on it's increased value.
https://www.nzherald.co.nz/nz/emerge...JSXJXEB7RBV3E/
Cindy’s answer to any problem is to throw money at it and when that fails, is to blame the previous government.
Glad to see that journalists and indeed, the voters out there are really starting to see through the BS.