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

submitted 10 months ago by Auth@lemmy.world to c/newzealand

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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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[-] Ilovethebomb 6 points 10 months ago

I'm glad this is finally policy, it's frankly embarrassing that we still don't have a capital gains tax. Just think how much revenue we've missed out on by not passing it ten years ago.

I also think support will build over time.