Discourage property speculation and investment in rental properties
Stamp duty, capital gains tax, adjusting the ability to claim interest costs, extending capital gains to the family home when the IRD deems that property sales are speculative (a decision that can be appealed), and taxing beneficial owners of trusts with trust income and trust capital gains. But NOT with the "Living death duty" approach you've suggested, where you tax assets with no associated cash income. This is a tax on the New Zealand dream. You're talking about changing our culture through tax policy, and yet the underlying reason is to make housing more affordable. I was really looking forward to having you in parliament, especially with the weakened position of National now that John Key has departed. I thought it would be a great opportunity to see some equalisation in the economy – but this is unelectable, no matter how intellectually or economically correct you feel it may be.
Do you like this suggestion?