GST was increased and all the tax rates were reduced. On any salary, if it was all spent on GST expenditure, the tax reduction was larger than the increased GST.
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I think a Wealth tax would be better than a CGT.
I also think it was a rash move to say they wouldn't ever bring in a CGT under her watch - she was forced into it but should have resisted.
National gave it a good go and made quite a mess that we are now seeing.
The issue is that a cut for a few years doesn't show up until sometime later - like now.
And National want to repeat it!
If you've been reading you haven't been understanding. Where have you been man? Well sucked in!
Infrastructure shortfall as the population was boosted by rampant immigration.
Lack of funding (reductions in real terms and cuts) in Health.
Lack of funding (reductions in real terms) in Education.
All the while denying that there was a housing crisis etc etc etc.
I won't go on.
What about what is being called the "sale of the century" from the current deceitful Government ? A few words from a NZ Herald article about it a couple of days ago, about it being sold to the Chinese Government amongst a few others:
"It's the sale of the century: 230ha to 270ha of Auckland public or state land is being sold to private or sharemarket-listed developers, to build free-market homes across the city.
From Northcote to Tāmaki, Oranga to Hobsonville Point, Mt Roskill to Māngere and throughout Northcote's town centre, large blocks of state land are being sold bit-by-bit in a 15- to 20-year plan.
Drive around Roskill South and you'll see the result: new state homes close to new privately-owned houses, on recently-sold former state land.
We're losing state land? At the very time we have about 24,000 people on the state house waiting list? At first glance, the sales seem to make little sense.
After all, everyone knows the value of real estate is in the land. As any Auckland rates bill for a stand-alone house will reveal, "improvements" or buildings don't comprise the bulk of the value, except in the case of apartments or intensively developed sites. The money is in the land.
So who is buying Auckland's state estate? The answer includes Wellington-headquartered apartment specialists Willis Bond; Shane and Anna Brealey's NZ Living; NZX-listed Winton Land headed by Chris Meehan; Fletcher Building subsidiary Fletcher Living, headed by Steve Evans; Mike Greer Homes; Tony and Robyn Houston's Modul; group house builder Universal Homes, owned by the Chinese government; and Gary Gordon's Solution Street."
Meanwhile, in Tauranga :
https://www.newshub.co.nz/home/polit...oll-shows.html
Ardern & Labour heading for a bruising.
Labour and Adern are consistently getting beaten up in the polls, they must be very worried this short distance out from the election, although it seems a way away, it's not enough time anymore to turn around rapidly declining sentiment across almost every sector they're trying to reform. A lot of it is vulnerable to being easily revoked and unwound by any incoming Government.
I mean, what could Labour do anymore to really boost their rapidly declining support? They've tried to kill every 'haves' advantage that the 'have nots' might vote for, but failed to delivery of much of it, so the 'have nots' become more and more disillusioned and a whole raft of lower to middle income voters who are now being seriously screwed by this governments' inability to address their needs, will be at least considering their options.
I find it incredible really, that a landslide election that wins control of Government, could lead to a turn in Government only three years later, which all the polls are forecasting. It is a clear and obvious sign that the incumbent has over stretched their optimism and powers to introduce change that is now backfiring because they failed to realise how long it takes to implement broad change, and are frankly powerless to remediate any of it in the remaining time of their governance.
Any new Government wlll reap the rewards of anything the current Government did that was actually good, but could not possibly have been implemented in one, or even two terms. People don't realise that the Government doesn't literally implement anything, they just make laws and throw money at stuff.
It's the government agencies and business that are charged with implementation, and neither are capable of swallowing untold new laws and billions of dollars because none of it can be realistically implemented within the term of Government, or even two or three terms.