Originally Posted by
fungus pudding
You have a closed mind to the downsides of CGT - there are some, which is not to say it's all bad. A land tax exempting personal property (homes and holiday homes) paid annually is better, but still has hooks. Actually NZ's system at the moment is pretty good although IRD did get a bit slack on traders for a decade or so. They're ferocious at present. Anyway it's all irrelevant as at long last Labour seem prepared to listen to objections to their policies, whereas they wouldn't even discuss CGT before. In fact it was only after Cunliffe wouldn't answer questions about it that Parker stated there would be a panel to finalise details. That was ludicrous going into their second election with CGT as a policy. That was indicative of some of their policies and the reason for their downfall. So I'll bet my bottom dollar if they really want to analyse the pros and cons of their policies as they claim , that CGT will not be heard of again. It's not all bad, but it's not all good either and they've been looking at one side in the hope it would placate the envious.
I should add that much of that envy has been driven by Labour and silly claims about the rich not paying tax, and pure b/s about growing inequality. Both provably wrong.