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Chlöe Swarbrick blames Labour for NZ's gang problems, says they lacked 'courage' to implement advice they commissioned (www.newshub.co.nz)

submitted 1 year ago by RaoulDuke to c/politics

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[–] 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 (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".

[–] 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?