Post
As usual, Labour are offering crumbs;
The absolute minimum they could possibly do without repeating 2023's failures, of principle *and* strategy, and promising nothing. Like their GST-off-this-and-that plan this is a patch on a hemorrhage, dressed up as ambitious policy.
If this is typical of what Labour plan to offer for 2026, they deserve to lose. Even if the rest of us don't deserve 3 more years of CLuxon's clowns.
@strypey [if you have both CGT and no deductability then] "the loss of interest deductibility makes investing in residential property unprofitable. So people will exit the industry, there's no doubt about it."
Correct! That's the general idea, shake out all the shit landlords who think they're entitled to passive income in return for doing no work upkeep or maintenance, and make them invest in businesses instead.
You’re thinking is far too binary:
*Labour deserves to lose to Greens and become the junior coalition partner in the next government.
@jeremy_pm @strypey that's what I'm working towards. Labour have earned a place as a minor party over the past decade or two since they deprecated their core constituency (Aotearoa's labourers) and became the neoliberalesqueish biz-light party.
"Hipkins would also not be drawn on whether Labour would reinstate a ban on interest deductibility ..."
#GilesDexter, 2025
Are you kidding? This is a no-brainer. A big distinctive to use less well-off people to pay the mortgage on your investment, *and* billions in revenue to fund public services. This was one of Robertson's boldest and most effective policies.
Where's the downside FFS?
If the Greens are not in top 2, and they don't get substantial policy concessions from a prospective coalition leader, they need to be prepared for another 3 years of sitting outside government. If they enter a coalition without that, they're only there to greenwash it, and their own credibility will suffer.
If that's the best they're offered they're better to be in opposition. Where they're free to speak out and organise against the govt, in pursuit of their own policies.
Again, I don't know why you think any of this: National didn't run this government and Labour won't run the next. The Green party is going to run the next government, and that's way better than being in opposition.
@ensslen
> I don't know why you think any of this
A reality check;
https://mastodon.nzoss.nz/@strypey/115455829946270119
> The Green party is going to run the next government
I admire your optimism : )
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