We all have good reason to be worried about what happens as the next wave of their socialist wealthy redistribution ideology hits.
Tony Bowker tells it like it really is and doesn't hold back
https://www.nzherald.co.nz/business/...5TGWLXE5FHMJA/ Paywalled - Excerpts
A pattern is emerging of a Labour government with a major chip on its shoulder against property investors in New Zealand. One could be excused for reaching the conclusion these sustained attacks on property investors are driven
by socialist wealth redistribution ideology rather than genuine, well-intentioned, well thought out and properly considered reforms. Property investors who borrow pay interest. Interest payments are a cost of doing business like any other cost. That is not a "loophole".
It has been part of tax law for more than 100 years. These tax changes not only constitute a brazen breach of promises made by Labour during the last election campaign, they have been rushed out without being properly considered or debated and against the advice of the IRD. If this does not constitute an abuse of power then I'm not sure what does.
Emphasis added. Wealth distribution ideology.. Hmmm...pretty sure that's another expression for Communism :eek2:
I reckon $1 for OCA is very much on the cards as sentiment in the housing sector turns really sour this winter.