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Ika Makimaki
@pezmico@mastodon.nz  ·  activity timestamp 2 weeks ago

Or, you know, TAX THE RICH ALREADY.

GST at 32 percent, pension age of 72 among Treasury solutions to financial crunch | RNZ News
https://www.rnz.co.nz/news/business/574085/gst-at-32-percent-pension-age-of-72-among-treasury-solutions-to-financial-crunch

#TaxTheSuperRich #NZPol #TimeToResist

RNZ

GST at 32 percent, pension age of 72 among Treasury solutions to financial crunch

Someone is going to have to pay to keep the country's finances in order while the population ages, but who and how need to be decided soon.
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Dave
@Daveosaurus@mastodon.nz replied  ·  activity timestamp 2 weeks ago

@pezmico I'm tired of the media trying to tell me that "tax the rich" is the left-wing option.

It's the centrist option. Look at the top tax rate under Eisenhower, or even Muldoon.

"Liquidate the rich" is the left-wing option.

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Ko Simon toku ingoa :tinoflag:
@SimonCHulse@mastodon.nz replied  ·  activity timestamp 2 weeks ago

@pezmico why is a capital gains tax not here as an option?

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Ika Makimaki
@pezmico@mastodon.nz replied  ·  activity timestamp 2 weeks ago

@SimonCHulse great question.
I wonder why, because it seems to me it'd be the most straight forward option, and probably the most palatable to the general population as well.

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Ko Simon toku ingoa :tinoflag:
@SimonCHulse@mastodon.nz replied  ·  activity timestamp 2 weeks ago

@pezmico but this story is mostly interviewing economists, who no doubt all have a decent amount of capital they’d rather not be taxed so they’re deflecting to the rest of us…

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