A reader took exception to my cheap shot about Don Brash vs academics and pointed out that the TWG is dominated by the private sector. It’s true.
Contra the CW, I’m not sure that the land tax will suck all the money out of property investment, lower house prices, increase rents etc. If you invest your savings in a New Zealand company the directors can steal all of your money and suffer no consequences, something your lawyer and real estate agent can’t get away with. So the industry still has a huge competitive advantage there.
I’m probably the last person to accuse someone of hyperbole, but it seems pretty silly to describe the tax system as ‘broken’, ‘disfunctional’ etc. It still collects enough revenue to fund a high quality welfare state.
One hour ’til Neko Case . . .
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