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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[-] Auth@lemmy.world 6 points 10 months ago

They are forced to 'tread softly' due to the current public sentiment, even as is it doesn't have public support. Its risky and bold in my opinion. If they did a full property CGT including peoples first home and farms they would be politically destroyed. Better to get a baseline established and go from there.