Affordable Housing & More Money For Working People
The current tax regime favours owners of capital and unjustly burdens wage earners. This is not only inequitable, it results in poor utilisation of capital and lower than necessary income and employment.
Nowhere is this more obvious than in the property sector, where speculators and home-owners benefit while those that are renting are punished. It is unfair, pushes up house prices and drives even greater inequality. Ultimately, it is in everyone’s interest that we address the loophole in the tax regime.
Our proposed reform will not collect even one additional dollar in tax – we want to change what is taxed, not the amount of tax collected. Any increase in revenue will be used to reduce income tax rates.
Under the reform we propose, around 80% of the public will be better off, the 20% that aren’t can well “afford” it.
Orania Savage commented 2017-07-22 16:40:23 +1200Isn’t the cost of land the main driver of rising house prices in NZ coupled with red tape costs?
Whilst I agree with capital gains tax on resale of rental property, you wouldn’t want to punish those who provide housing when there are insufficient affordable houses being built.
Oliver Krollmann commented 2017-07-11 17:46:01 +1200If TOP is actually going to put up hoardings (which I hope they won’t because I hate hoardings with a passion), they should look like the image above and present each of the TOP policies and action plans in an easy to understand way, with the benefit or positive outcome mentioned first (i.e. on the left) and any measures perceived as punishment or disadvantage or simply “bad” coming second (i.e. on the right).
The above image is a perfect example. When TOP 1 was released, it was mostly (mis)understood as a new tax on the sacred family home without any benefit or compensation elsewhere -> BAD. The image above explains it the other way round (and the right way to get people interested in learning more about it) – income tax cuts for all, paid for by taxing property -> GOOD. Many of us will immediately identify with the ones getting the tax cut, and not think of home ownership when reading “close tax loophole on property”, which sounds more like something that’s targeting the evil speculators, filthy rich, and overseas investors, not mum and pop.
Well done, whoever designed this. Keep going – this might be the way to get us Kiwis to care and think before voting.
Oliver Krollmann followed this page 2017-07-11 17:35:49 +1200