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Labour to campaign on narrow capital gains tax, no wealth tax (www.rnz.co.nz)

submitted 2 weeks ago by Auth@lemmy.world to c/newzealand@lemmy.nz

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Glad they are finally doing it and this should hopefully get much needed funding for our healthcare system. Whats shocking to me is that even with all the controversial bits taken out its still unpopular. I swear nz has the most hardheaded people out there.

RNZ-Reid Research poll last month found 43 percent in support of a CGT on investment properties

What is left for people to whine about?

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[–] Auth@lemmy.world 6 points 2 weeks ago

Estimate is up to 700m a year which is a sizeable chunk of money. its orders of magnitude more than any of the national cuts with a single policy.