FP, the handbrake is on right now. If we weren't exporting desiccated cow's milk and pine logs at higher prices than normal, we'd be in big trouble.
CGT should pull back house prices a bit, or at least slow the rate of increase. The Kiwibuild program will have a lot more of an effect in Auckland.
Is this the item you were offended by?
http://www.nbr.co.nz/article/labour-...earners-158236
See comments at the end of this National-friendly article. I think the top tax rate will only apply to earnings above $150,000 for each person. 36% sounds fair. And the tax rate for trusts is to be moved up under Labour, also fair. If the top 2% of income earners pay say 22% of all tax (and we'd need to check they don't mean just income tax) then surely they also have over 22% of the wealth too.
Mr Liu has gone quiet over the imaginary $100k wine issue, as has Mr Key.