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Sorry Gareth,not a question but a suggestion.

Sorry Gareth,not a question but a suggestion.

Most people will struggle to get over the misconception that they will be double taxed on their only hard-earned asset worth anything, their house. They will not see how the net effect is a tax reduction as their income tax is reduced by more than the asset tax. A simple online calculator, if that's possible and with all the necessary caveats, would help people like myself understand if they will be net winners or losers. I support the policy regardless, for the same reasons as you, but it can only help if 80% can see they would likely be voting for a tax cut. The comments I've seen so far indicate that even intelligent and questioning people are misunderstanding the policy so the only, way to get the message across might be to demonstrate how it could work at a personal level.

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    • John Rusk
      tagged this with i have the same question 2016-12-10 18:40:22 +1300
    • Tristan Kiddie
      commented 2016-12-10 14:58:08 +1300
      Would love to see a calculator or some examples! It is a complex topic to get out heads around
    • Rachel Wallis
      commented 2016-12-10 10:31:16 +1300
      What is a morally wrong thing to do Hayden?
    • Hayden Donnelly
      commented 2016-12-10 00:39:05 +1300
      My point is that: whether you are or are not in the 20% – it is a morally wrong thing to do! It should not be something that democracy even allows – having a majority vote for something doesn’t make it morally justified if it tramples all over the natural rights of individuals! If it makes you all feel better, I am easily in the 80% due to large student debt and nowhere near owning a home. I believe the asset bubble is due to central banks holding interest rates low (as the main driver)
    • Geoffrey Roberts
      commented 2016-12-09 23:15:48 +1300
      I totally support this policy and I would be happy to find myself in the 20% who are worse off as a result. I do agree with the idea of some kind of calculator that would enable people to see where they sit on the spectrum as I think with the kind of phase in mechanisms mentioned in the FAQs most of the doubters would find themselves in the 80%.
    • Geoffrey Roberts
      tagged this with i have the same question 2016-12-09 23:15:47 +1300
    • Doug Mercer
      commented 2016-12-09 22:17:45 +1300
      Hayden Donnelly’s response to my suggestion is a perfect example of the problem we face in getting this policy understood. People today are too ‘sound bite’ focused and don’t properly read and try to understand what’s in front of them. I will probably be a member of the 20% and yet still support the policy and I said that clearly. However most people I know need help to get their head around the idea and a calculator is a much better way to get them onside than rancorously accusing them of not caring.
    • Oliver Krollmann
      commented 2016-12-09 20:30:48 +1300
      Agree with Douglas and Rachel. A calculator, or at least a set of examples for different scenarios, would go a long way making most of the critics understand that they would probably be better off, or at least not worse. Many people seem to misunderstand the proposed imputed rent income tax as an additional burden, rather than a redistribution.
    • Oliver Krollmann
      tagged this with i have the same question 2016-12-09 20:30:47 +1300
    • Rachel Wallis
      commented 2016-12-09 19:42:35 +1300
      I disagree Hayden. I didn’t get that from his suggestion. My impression is that he supports this but thinks that it would be practical for people to see the realities of how it plays out. Why can’t one support these kinds of policies but still want to have thorough knowledge of the practicalities of them, without being labeled greedy?
    • Hayden Donnelly
      commented 2016-12-09 19:14:49 +1300
      Douglas. It sounds to me like you don’t care about whether or not this tax is fair. You just care whether or not you will be better off! In other words, to hell with hard working people. If the greedy 80% want to steal wealth from the 20% democracy is the perfect tool to do it! That is all you care about mate! At least be honest about it.
    • Rachel Wallis
      commented 2016-12-09 17:42:16 +1300
      Great idea.
    • Doug Mercer
      published this page in Ask a question about policy #1 2016-12-09 17:36:22 +1300