https://www.newshub.co.nz/home/politics/2023/07/jenna-lynch-chris-hipkins-cowardly-robin-hood-tax-backdown-what-does-labour-stand-for.html
A sneaky, cowardly government. That from none other than Jenna Lynch.
Labour really are fucked when even the likes of Lynch are turning on them.
On 12 Jul 2023 03:54:24 GMT, Gordon <Gor...@leaf.net.nz> wrote:
On 2023-07-12, JohnO <john...@gmail.com> wrote:
https://www.newshub.co.nz/home/politics/2023/07/jenna-lynch-chris-hipkins-cowardly-robin-hood-tax-backdown-what-does-labour-stand-for.html
A sneaky, cowardly government. That from none other than Jenna Lynch.
Labour really are fucked when even the likes of Lynch are turning on them.
However it does seem that the message is getting through. The Government is >not the only ones to hand out mandates.
The question of the tax framework adjustment is one which the Government >should drag it into the House and the MPs, along with the rest of the >country have a great mutli-partisan debate on it.
All interested parties can have their say and there is some hope that the >masses would be educated, as well as the elites.
However this is a forlorn hope as people are greedy as species. Some more so >than others.
People say that Labour loves taxing, I keep asking, yes they do, does do the >other parties, what value do we get for our taxes.
Finally, as the ration between the rich and the poor widen there comesI am not concerned about the rejection of a wealth tax in the short
a point of instability and the system crashes. There is a need to fix the >ceiling and take anything above that in tax.
term (and that is all that is being indicated) - a wealth tax is very complicated to administer, and invites a lot of hiding of assets
through complicated arrangements by individuals, and in the next five
to ten years we have other matters that are more urgent to consider.
As far as Capital Gains tax is concerned we already do have such a tax
- realised capital gains are taxed as part of income - except that we
then exempt realised capital gains on most investment properties owned
by individuals. Those that have a Kiwisaver account will know that
they provide a default marginal tax rate that the investment manager
uses to assign a tax liability - and if there are capital gains on
share sales for example then tax will be paid on those capital gains.
That is a big distortion of our investment markets, and biases
investment away from commercial companies towards the ownership of
rental properties, leading to our companies finding it harder to raise
share capital - our companies are known for having higher debt levels
than in other jurisdictions, and we also have a high level of
companies owned by overseas shareholders.
We already have the 3rd lowest tax rates in the world in an
international comparison - I agree that there is no good reason why
the top tax rate should be lower than most other countries, but I see
no reason to fix a ceiling on incomes and tax at 100% over that level
as your suggest - that would just encourage innovative ways of keeping
total taxable income under that arbitrary level.
On 2023-07-12, JohnO <johno1234@gmail.com> wrote:
https://www.newshub.co.nz/home/politics/2023/07/jenna-lynch-chris-hipkins-cowardly-robin-hood-tax-backdown-what-does-labour-stand-for.html
A sneaky, cowardly government. That from none other than Jenna Lynch.
Labour really are fucked when even the likes of Lynch are turning on them.
However it does seem that the message is getting through. The Government is >not the only ones to hand out mandates.
The question of the tax framework adjustment is one which the Government >should drag it into the House and the MPs, along with the rest of the
country have a great mutli-partisan debate on it.
All interested parties can have their say and there is some hope that the >masses would be educated, as well as the elites.
However this is a forlorn hope as people are greedy as species. Some more so >than others.
People say that Labour loves taxing, I keep asking, yes they do, does do the >other parties, what value do we get for our taxes.
Finally, as the ration between the rich and the poor widen there comes
a point of instability and the system crashes. There is a need to fix the >ceiling and take anything above that in tax.
On Wednesday, 12 July 2023 at 16:48:25 UTC+12, Rich80105 wrote:
On 12 Jul 2023 03:54:24 GMT, Gordon <Gor...@leaf.net.nz> wrote:
On 2023-07-12, JohnO <john...@gmail.com> wrote:I am not concerned about the rejection of a wealth tax in the short
https://www.newshub.co.nz/home/politics/2023/07/jenna-lynch-chris-hipkins-cowardly-robin-hood-tax-backdown-what-does-labour-stand-for.html
A sneaky, cowardly government. That from none other than Jenna Lynch.
Labour really are fucked when even the likes of Lynch are turning on them.
However it does seem that the message is getting through. The Government is >> >not the only ones to hand out mandates.
The question of the tax framework adjustment is one which the Government
should drag it into the House and the MPs, along with the rest of the
country have a great mutli-partisan debate on it.
All interested parties can have their say and there is some hope that the >> >masses would be educated, as well as the elites.
However this is a forlorn hope as people are greedy as species. Some more so
than others.
People say that Labour loves taxing, I keep asking, yes they do, does do the
other parties, what value do we get for our taxes.
Finally, as the ration between the rich and the poor widen there comes
a point of instability and the system crashes. There is a need to fix the >> >ceiling and take anything above that in tax.
term (and that is all that is being indicated) - a wealth tax is very
complicated to administer, and invites a lot of hiding of assets
through complicated arrangements by individuals, and in the next five
to ten years we have other matters that are more urgent to consider.
As far as Capital Gains tax is concerned we already do have such a tax
- realised capital gains are taxed as part of income - except that we
then exempt realised capital gains on most investment properties owned
by individuals. Those that have a Kiwisaver account will know that
they provide a default marginal tax rate that the investment manager
uses to assign a tax liability - and if there are capital gains on
share sales for example then tax will be paid on those capital gains.
That is a big distortion of our investment markets, and biases
investment away from commercial companies towards the ownership of
rental properties, leading to our companies finding it harder to raise
share capital - our companies are known for having higher debt levels
than in other jurisdictions, and we also have a high level of
companies owned by overseas shareholders.
We already have the 3rd lowest tax rates in the world in an
Nobody believes your lies >https://tradingeconomics.com/country-list/personal-income-tax-rate
international comparison - I agree that there is no good reason why
the top tax rate should be lower than most other countries, but I see
no reason to fix a ceiling on incomes and tax at 100% over that level
as your suggest - that would just encourage innovative ways of keeping
total taxable income under that arbitrary level.
On Tue, 11 Jul 2023 22:12:18 -0700 (PDT), JohnO <john...@gmail.com>
wrote:
On Wednesday, 12 July 2023 at 16:48:25 UTC+12, Rich80105 wrote:
On 12 Jul 2023 03:54:24 GMT, Gordon <Gor...@leaf.net.nz> wrote:
On 2023-07-12, JohnO <john...@gmail.com> wrote:I am not concerned about the rejection of a wealth tax in the short
https://www.newshub.co.nz/home/politics/2023/07/jenna-lynch-chris-hipkins-cowardly-robin-hood-tax-backdown-what-does-labour-stand-for.html
A sneaky, cowardly government. That from none other than Jenna Lynch. >> >>
Labour really are fucked when even the likes of Lynch are turning on them.
However it does seem that the message is getting through. The Government is
not the only ones to hand out mandates.
The question of the tax framework adjustment is one which the Government >> >should drag it into the House and the MPs, along with the rest of the
country have a great mutli-partisan debate on it.
All interested parties can have their say and there is some hope that the
masses would be educated, as well as the elites.
However this is a forlorn hope as people are greedy as species. Some more so
than others.
People say that Labour loves taxing, I keep asking, yes they do, does do the
other parties, what value do we get for our taxes.
Finally, as the ration between the rich and the poor widen there comes >> >a point of instability and the system crashes. There is a need to fix the
ceiling and take anything above that in tax.
term (and that is all that is being indicated) - a wealth tax is very
complicated to administer, and invites a lot of hiding of assets
through complicated arrangements by individuals, and in the next five
to ten years we have other matters that are more urgent to consider.
As far as Capital Gains tax is concerned we already do have such a tax
- realised capital gains are taxed as part of income - except that we
then exempt realised capital gains on most investment properties owned
by individuals. Those that have a Kiwisaver account will know that
they provide a default marginal tax rate that the investment manager
uses to assign a tax liability - and if there are capital gains on
share sales for example then tax will be paid on those capital gains.
That is a big distortion of our investment markets, and biases
investment away from commercial companies towards the ownership of
rental properties, leading to our companies finding it harder to raise
share capital - our companies are known for having higher debt levels
than in other jurisdictions, and we also have a high level of
companies owned by overseas shareholders.
We already have the 3rd lowest tax rates in the world in an
Nobody believes your lies >https://tradingeconomics.com/country-list/personal-income-tax-rateThat table gives New Zealand's Personal Income Tax Rate as "39" -
perhaps you could explain just what that is made up from . . .
Personal Income Tax is however not the only tax you pay - we all pay
GST and various other taxes and levies and charges. John Key increased
GST for example and used the estimated extra tax income to reduce
personal income tax rates.
Now look here: https://taxfoundation.org/2022-international-tax-competitiveness-index/
international comparison - I agree that there is no good reason why
the top tax rate should be lower than most other countries, but I see
no reason to fix a ceiling on incomes and tax at 100% over that level
as your suggest - that would just encourage innovative ways of keeping
total taxable income under that arbitrary level.
A sneaky, cowardly government. That from none other than Jenna Lynch.
Labour really are fucked when even the likes of Lynch are turning on them.
On Tue, 11 Jul 2023 19:08, JohnO <john...@gmail.com> wrote: >https://www.newshub.co.nz/home/politics/2023/07/jenna-lynch-chris-hipkins-cowardly-robin-hood-tax-backdown-what-does-labour-stand-for.html
A sneaky, cowardly government. That from none other than Jenna Lynch. >Labour really are fucked when even the likes of Lynch are turning on them. But Lynch is basically a communist who is excoriating Hipkins fordeparting from the Manifesto. A wealth tax is outright theft, which
Rich covers up when he says it's "complicated to administer".
The day they bring in a wealth tax will also be the day that the
teachings of Marx & Lenin become mandatory in our schools.
On Tue, 11 Jul 2023 19:08, JohnO <johno1234@gmail.com> wrote: >>https://www.newshub.co.nz/home/politics/2023/07/jenna-lynch-chris-hipkins-cowardly-robin-hood-tax-backdown-what-does-labour-stand-for.html
A sneaky, cowardly government. That from none other than Jenna Lynch. >>Labour really are fucked when even the likes of Lynch are turning on them.
But Lynch is basically a communist who is excoriating Hipkins for
departing from the Manifesto. A wealth tax is outright theft, which
Rich covers up when he says it's "complicated to administer".
The day they bring in a wealth tax will also be the day that the
teachings of Marx & Lenin become mandatory in our schools.
On Thursday, 13 July 2023 at 09:39:33 UTC+12, Willy Nilly wrote:
On Tue, 11 Jul 2023 19:08, JohnO <john...@gmail.com> wrote:
https://www.newshub.co.nz/home/politics/2023/07/jenna-lynch-chris-hipkins-cowardly-robin-hood-tax-backdown-what-does-labour-stand-for.htmldeparting from the Manifesto. A wealth tax is outright theft, which
A sneaky, cowardly government. That from none other than Jenna Lynch.
Labour really are fucked when even the likes of Lynch are turning on them. >> But Lynch is basically a communist who is excoriating Hipkins for
Rich covers up when he says it's "complicated to administer".
The day they bring in a wealth tax will also be the day that the
teachings of Marx & Lenin become mandatory in our schools.
I thought the latter was already here. Or something very similar.
On Wednesday, 12 July 2023 at 20:05:54 UTC+12, Rich80105 wrote:taxes.
On Tue, 11 Jul 2023 22:12:18 -0700 (PDT), JohnO <john...@gmail.com>
wrote:
On Wednesday, 12 July 2023 at 16:48:25 UTC+12, Rich80105 wrote:That table gives New Zealand's Personal Income Tax Rate as "39" -
On 12 Jul 2023 03:54:24 GMT, Gordon <Gor...@leaf.net.nz> wrote:
On 2023-07-12, JohnO <john...@gmail.com> wrote:I am not concerned about the rejection of a wealth tax in the short
https://www.newshub.co.nz/home/politics/2023/07/jenna-lynch-chris-hipkins-cowardly-robin-hood-tax-backdown-what-does-labour-stand-for.html
A sneaky, cowardly government. That from none other than Jenna Lynch. >> >> >>
Labour really are fucked when even the likes of Lynch are turning on them.
However it does seem that the message is getting through. The Government is
not the only ones to hand out mandates.
The question of the tax framework adjustment is one which the Government >> >> >should drag it into the House and the MPs, along with the rest of the
country have a great mutli-partisan debate on it.
All interested parties can have their say and there is some hope that the
masses would be educated, as well as the elites.
However this is a forlorn hope as people are greedy as species. Some more so
than others.
People say that Labour loves taxing, I keep asking, yes they do, does do the
other parties, what value do we get for our taxes.
Finally, as the ration between the rich and the poor widen there comes >> >> >a point of instability and the system crashes. There is a need to fix the
ceiling and take anything above that in tax.
term (and that is all that is being indicated) - a wealth tax is very
complicated to administer, and invites a lot of hiding of assets
through complicated arrangements by individuals, and in the next five
to ten years we have other matters that are more urgent to consider.
As far as Capital Gains tax is concerned we already do have such a tax
- realised capital gains are taxed as part of income - except that we
then exempt realised capital gains on most investment properties owned
by individuals. Those that have a Kiwisaver account will know that
they provide a default marginal tax rate that the investment manager
uses to assign a tax liability - and if there are capital gains on
share sales for example then tax will be paid on those capital gains.
That is a big distortion of our investment markets, and biases
investment away from commercial companies towards the ownership of
rental properties, leading to our companies finding it harder to raise
share capital - our companies are known for having higher debt levels
than in other jurisdictions, and we also have a high level of
companies owned by overseas shareholders.
We already have the 3rd lowest tax rates in the world in an
Nobody believes your lies
https://tradingeconomics.com/country-list/personal-income-tax-rate
perhaps you could explain just what that is made up from . . .
Personal Income Tax is however not the only tax you pay - we all pay
GST and various other taxes and levies and charges. John Key increased
GST for example and used the estimated extra tax income to reduce
personal income tax rates.
Now look here:
https://taxfoundation.org/2022-international-tax-competitiveness-index/
An arbitrary formula for "tax competitiveness". I can create a formula too.
However you said "We already have the 3rd lowest tax rates in the world" which is clearly a lie. We do not have anything like the 3rd lowest. Not for income tax and not for consumption tax. The only things we have a low tax rate on is wealth and land
You've been caught out lying again. Yet instead of taking the wise option of slinking off in shame, you just stick your head up for another smack. What a slow learner.
international comparison - I agree that there is no good reason why
the top tax rate should be lower than most other countries, but I see
no reason to fix a ceiling on incomes and tax at 100% over that level
as your suggest - that would just encourage innovative ways of keeping
total taxable income under that arbitrary level.
https://www.newshub.co.nz/home/politics/2023/07/jenna-lynch-chris-hipkins-cowardly-robin-hood-tax-backdown-what-does-labour-stand-for.html
A sneaky, cowardly government. That from none other than Jenna Lynch.
Labour really are fucked when even the likes of Lynch are turning on them.
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