I do not for a second think the total tax take would fall if the top brackets was raised 10%.
Those that leave the instant they pay more tax often mitigate their tax obligation already. Off-shoring profits is very common, for example.
Rangelus
joined 1 year ago
We as a society need to stop wringing our hands about some rich fuckers leaving and instead star worrying about the stuff that makes those rich fucker's profits possible: the working class, infrastructure and health care.
Because they are either stupid, willfully ignorant, or lying.
It also gets around off-shoring profit to avoid income tax.
It's not perfect, is regressive and, imho, is too high. But it does have SOME benefits.
If I were made dictator I would lower gst to 10%, meddle with the income tax rates (including a tax free bottom bracket and higher tax for the top brackets) and add CGT.
But that's just me.
This comment is also praying on people who don't understand tax progressive tax brackets. It is never "not worth it".
GST is also a way to get tax off some people who might not have an income otherwise taxable;
This is its one good point: We collect tax from travellers who, if there was no VAT, would pay zero tax while visiting NZ.
Then move on. Why do you feel the need to comment every time about how pointless an article that you disagree with is?
It's an opinion piece mate. That's what they are. If you don't like it just keep moving.
Absolutely nobody apart from you, stop creating strawman arguments.
If you aren't suggesting that the article recommends removing hydro from our network, what, exactly, is your problem? The idea is that rooftop solar, wind, and other locally-based power generation systems will eventually reduce or eliminate the demand for large centralized hydro and coal generators. Why is this a bad thing? What is your problem with having this as a goal?
The author of the article does seem to think we won’t need them in the future though.
Not needing them is not the same as removing them is it? So if hydro is going away, how exactly is rooftop solar and other local generation a bad thing that won't work, as you have implied?
Who said anything about removing our hydro?
I really don't understand the pushback on this. If you've ever been to Canada, you will find every sign is either a symbol, or dual-language. In fact, all signs, including food packaging, must include English and French. It's not confusing, and you immediately gloss over the bits you don't understand.
It's such a trivial thing to show support for the other official language of New Zealand.