The problems with a wealth tax....
https://www.nzinitiative.org.nz/repo...ry-wealth-tax/
THE CASE AGAINST A PREDATORY WEALTH TAX
Dr Bryce Wilkinson NZ Herald 22 June, 2023
'The Green Party’s proposed wealth tax plays to greed and envy. It blithely proposes that everyone can be lifted out of poverty by imposing a heavy wealth tax on a mere 0.7% of the population.....
The bottom line is that sound tax principles are important. If government wants more revenue, raising it by general taxation should be the default option.'