I'm not talking about radical change. Things like CGT are a no-brainer. I've never heard someone make a coherent argument as to why we should leave a tax hole that every other wealthy nation has closed. A hole that encourages people to invest in non-productive assets.

That's why everyone knew the Tax Working Group would recommend a CGT - because it's the first thing any tax expert says about our system. And yet Jacinda couldn't even bring herself to do that.

[–] BalpeenHammer 3 points 1 year ago (1 children)

How has the CGT worked out in the other countries? Is there no inflation in those countries, do they have a fairer taxation system? Do they have better income inequality?

[–] RaoulDuke 3 points 1 year ago (1 children)

If you're expecting fixing a single loophole in tax law will solve all those problems at once, I've got some bad news for you.

But obviously that's no reason to leave a loophole there. As I said, any expert in tax law will tell you that it's stupid not to have a CGT. And I've never heard a remotely convincing argument for having a hole that encourages investment in non-productive assets.

[–] BalpeenHammer 1 points 1 year ago (1 children)

My point is that it hasn't done what you are claiming it's going to do. So what's the use of it?

[–] RaoulDuke 2 points 1 year ago (1 children)

What am I claiming it will do?

[–] BalpeenHammer 1 points 1 year ago (1 children)

Fix our economic woes? Raise the tax take? Provide better public services? Make the tax system fair?

Any of those?

If not then feel free to tell me what you think it's going to accomplish.

[–] RaoulDuke 1 points 1 year ago (2 children)

I think it will fix a tax hole that encourages investing in non-productive assets, which will improve our economy by increasing investment into productive assets.

Have a think about this - given that experts in the field all believe that we should have a CGT, what do you know that they don't? Do you know of a remotely convincing argument for having a hole that encourages investment in non-productive assets?

On a side note: You'll have a much easier time understanding the world if you realise not everything is black and white. Outlawing murder didn't fix all our societal woes, but that's doesn't mean it was a bad idea.

[–] BalpeenHammer 1 points 1 year ago

I think it will fix a tax hole that encourages investing in non-productive assets, which will improve our economy by increasing investment into productive assets.

What do you mean by " investing in non productive assets"? Can you give some examples?

[–] BalpeenHammer 1 points 1 year ago (1 children)

I think it will fix a tax hole that encourages investing in non-productive assets, which will improve our economy by increasing investment into productive assets.

Has it done this in other countries when it was introduced?

Have a think about this - given that experts in the field all believe that we should have a CGT, what do you know that they don’t?

This is economics. For every "expert" there is an equal and opposite "expert". What do you know that the opposing experts don't?

Outlawing murder didn’t fix all our societal woes, but that’s doesn’t mean it was a bad idea.

it did fix some of our societal laws. This was demonstrated in places where it was outlawed.

[–] RaoulDuke 1 points 1 year ago (1 children)

Do you know of a remotely convincing argument for having a hole that encourages investment in non-productive assets?

[–] BalpeenHammer 1 points 1 year ago

Define "investment in non productive assets".