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 NZ Economist idiot proposes home ownership tax to tackle property speculation

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RR Phantom

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NZ Economist idiot proposes home ownership tax to tackle property speculation Vide
PostSubject: NZ Economist idiot proposes home ownership tax to tackle property speculation    NZ Economist idiot proposes home ownership tax to tackle property speculation Icon_minitimeTue Dec 06, 2016 7:39 pm
Millionaire economist Gareth Morgan's new political party has property speculators in its sights, with a plan to introduce a levy on home ownership.

NZ Economist idiot proposes home ownership tax to tackle property speculation LVS7rs

The Opportunities Party (Top) says its policy - the first since its launch last month - will ensure Kiwis are taxed more fairly, with any increase in revenue offset by a reduction in income tax.

In a statement on its website, Top said the current tax system "favours owners of capital and unjustly burdens wage earners".

People who bought and lived in a house received the benefit of "free accommodation" without being taxed, while those who rented it out or put their cash in the bank had to pay tax on their income.

http://www.stuff.co.nz/national/politics/87296009/gareth-morgans-party-proposes-home-ownership-tax-to-tackle-property-speculation
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