10/04/2021
Reposted from Sir Matt Gilligan
I'm seething about these tax changes.
This government is attacking middle New Zealand with all these housing initiatives and tax reform, - its mum and dads being hit, not property oligarchs. 80% of landlords in NZ own one rental property according to MBIE stats in Feb 2021.
96% own 4 or less.
Six out of seven properties are provided by private landlords and NGOs, who is going to provide the houses if landlords give up?
And the 96% of the landlords that are owning 4 or less properties, these are hardly rich listers, but are being treated like economic terrorists and scapegoated for successive governments not solving supply.
Investors are being labeled speculators, tax cheats, now accused of running potential rent cartels, to name a few recent characterizations in the press and from Labour.
They are suffering the most sustained attack by this government, loss of ring fencing, the cost of healthy homes, ridiculous tenancy rules, 60% lvrs, now interest non deduction rules and 10 year brightline rules.
Soon to be added if we read between the lines, rent controls and removal of interest only loans. The latter is very serious.
When investors start to exit the market, which they will, who will provide the housing? The state?
Thats called socialism.
That's what that is, the bloody government seeking to centralise and control, and stifle private initiative, stop a middle class trying too hard and especially stop any one group getting to far ahead.
The reward for trying hard, being smart, sacrifice and investment is wealth.
This government calls it a wealth gap, and sees this as a problem, not a means to greater productivity and self determination.
It's socialism, envy politics is part and parcel.
Turn the poor against the rich, using labels like speculator and tax loop hole exploiter.
The solution is vote against these socialist (but well meaning) zelots, vote against these ideological academics, that went straight from school to university to politics, and apart from one of them working in a fish and Chip shop , none of them have run large businesses and built productive business units in their lives.
Yet they are running a country.
Look at how they run the health system for example, and the gaping holes and problems.
They just want to take from the rich and give to the poor, seek out victims to virtue signal to, hug and apologize to the world.
But they don't know how to consult and facilitate the very clever and efficient private sectors.
They are so arrogant they know better, they shoot from the hip with poorly thought through policy like these tax changes, rather than form informed discussion in select committes and taking advice through community and expert consultation.
I liked Jacinda, but Labour needs to go. They are doing damage.
Vote for your local national MP, give Act your party vote.
David Seymour is the only politician that says he wants to reverse these interest non deduction tax changes and irrational tenancy rules.
He is a libertarian, he wants to reverse the bu****it and let us get on with providing for our families and self determine.
Make sure you educate your peers and mates on the utopian problems that come out of Marxism and this socialist government, I keep bumping into the younger generation that don't know what Marxism is and the whole argument surrounding the alienation of capital from labour, and what our labour comrades are up to.
Make sure you explain it, it's hard to understand the different perspectives if you haven't had them explained.
