Originally Posted by
elZorro
I'm with you Banksie, I can't see how NZ will ever vote in a CGT if the primary dwelling is included. But it's critical we get a CGT. Meaningless at first, it sets up long-term investment planning. Dropping out the house means it's transparent for many people who either only own their home, or are hoping to be able to buy someday. And fair enough, people spend too much on their own homes, don't account for it, and most capital gains there are imaginary.
I always cringed when Muldoon had a go at Bill Rowling.
FP, what would be the effect of a rise in minimum pay to $15, if applied as a flat dollar amount to most wage rates? Why should it be a percentage increase applied across the board?