Are you able to ignore yourself?
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I never said we should get rid of GST. Far from it. Your own personal enmity towards me is now leading you to making things up on the fly.
Yeah, GST on food and petrol and what not, everyone’s paying it.
I’ve pointed out that GST on luxury and big ticket items is essentially a tax paid only by wealthy people.
If that causes anyone to blow a fuse or experience extreme cognitive dissonance, it’s not my problem.
Exactly. Any contributions over that amount are taxed. So for the middle class and upper class there is little incentive to treat KiwiSaver as a serious pension scheme. For that the tax efficiency remains in leveraged home ownership and long term investor real estate with the expectation of untaxed capital gains.
The gst on any earning assett can be claimed back by a registered person so in effect real estate has no gst advantage.
(Ths is simply because of the necessarily large amounts with real estate being debits and credits which acheive nothing and would make financing transactions more difficult.)