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I really want to vote for TOP but your tax policy is WRONG and its a DEALBREAKER
You have so many good ideas but your taxing of 'the family home' is wrong and prevents me from voting for you. The majority of homeowners in NZ are people with their single family home. They worked very hard to get it, paid a lot of interest to banks (and as you pointed out yourself they are usually salary/wage earners so never dodged a cent of tax) and therefore they paid plenty of tax, a lot more than people renting. Now you want them to pay tax on all that again, for the rest of their lives. They are not the ones who over inflated house values and because they are the bulk of property owners in NZ it means your claims of 80% of people being better off is clearly incorrect. At the same time I have not found anything in your policy to stop a speculator buying a house and quickly flipping it at a huge profit (and near zero tax). For smart guys how did you get this policy so wrong.
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Gary Bodley published this page in How would you make New Zealand Fair Again? 2017-09-02 09:27:39 +1200