Ignoramus peasant who wanted Ryman to load up with more debt to buy back shares when the company was close to default on its debts.
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Someone's record is stuck in a groove!
Despite the explosive revelations an average worker pays tax at over twice the rate of the super wealthy, Christopher Luxon is adamant our tax system is "broadly fair'.
As leader of the opposition, it beggars belief he didn't have a better response prepared, esp as he's in the privileged super wealthy category.
How tone deaf, how does he expect the average battling Kiwi to feel about that.
Why wouldn't it be fairer if it was a level playing field & everyone payed the same rate?
Cant imagine John Key or Bill English being caught so flat footed.
Chris Luxon's going to drag National to defeat if they're not careful.
Maori trust's need to pay tax and rates at same rate as everyone else.
17.5% compared to 33% for everyone else.
If we want a "fair" tax system.
I take it the "revelations" you refer to are from the report that redefines income? Have a debate on taxation by all means, but it's poor form by Parker to kick it off with a thinly veiled deception.
I would much rather a government that reined in its helicopter panic spending that has been hugely inflationary, and that has in fact has caused a considerable amount of the newly defined "income" through asset value increases. Get that under control before putting its hand out for more of NZer's money.
1) Yes the revelations from the IRD investigation which was badly needed as until now we didn't have any accurate research for any future govt to develop tax policy. Parker had nothing to do with it other than reporting its findings. There's no deception, it's a report, you can read it yourself if you want to.
2) The only govt spending which had any impact on the inflation rate was the Covid wage subsidy which all parties agreed with, and it only added about 2% to the inflation figure. The rest of the inflation figure was caused by factors outside govt control.
3) The Reserve Bank acts independently of the govt, & was responsible for the ultra low interest rates which contributed to asset increases, & you can see with the R'Bank increasing interest rates, asset values are declining.
4) Hipkins has said today there will be no wealth tax or CGT or cyclone tax so you don't need to worry. Instead there'll be a reprioritisation of existing budgets plus a small amount of borrowing.
It's this simple, you'll never win this.
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The wealthy who can afford good tax advice will always find ways to avoid tax which is perfectly legal (not evade tax). And in aggregate, the high income earners pay a darn sight more tax dollars than any middle/low income earner. Tax success? Punish success with taxes? Another brilliant idea to drive away the best and brightest business people and high net earners and wealthy from NZ.