The National Party’s tax package may be a middle-income vote winner, but it avoids the core problem of tax-free wealth. And how much the new system would cost to operate is far from clear.

Here are some random quotes from the article that basically sum it up, IMO.

Relief measures aimed at superannuitants include promising to increase NZ Super annually – although that already happens under the current scheme

As the tax policy makes clear, short-term concerns about the cost of living trump longer-term considerations about climate change.

Generally, two of the new proposals appear to gloss over the massive IT costs that tend to accompany new taxes.

What the package does not do is engage with the problem of tax-free wealth.

there isn’t a lot here for the least well off. But these are probably not the voters National is after.

  • Rangelus
    6·
    1 year ago

    Just like last time, they will campaign on tax cuts then increase taxes elsewhere to compensate. Like reduced income tax at the expensive of upping GST to 15%.

    Perhaps it won’t be a tax, but the chickens always come home to roost. This has to be paid for somehow, and a nebulous “we’ll cut some stuff, and tax foreign buyers!” screams handwaved bullshit.

    • Kiwiguy@mastodon.social
      5·
      1 year ago

      @Rangelus @Dave exactly my thoughts. Announce something nice that doesn’t happen with so something unpopular that will.

      Privatising electricity was unpopular until Key said all the money will be spent on public infrastructure and water projects. The dams never happened at scale and were never going to.

    • liv
      4·
      1 year ago

      It’s a strategy that relies on poor understanding of cause and effect and/or poor impulse control.

      Reminds me of that experiment where they put a lolly in front of a kid and tell them that if they can resist eating it for 5 minutes they will get two lollies.

      Unfortunately the NZ public demands to eat the lolly immediately at election time, so we’re worse off.