The Greens wealth tax

[Lilith7]

For the benefit of those who are basing their comments on only what they have heard or seen in the media this is the full release as supplied by the Greens: https://assets.nationbuilder.com/beachhe...1686379147

In reply to some of the previous posts it is worth considering that the Green's policy is attempting to address a long standing (and worsening) social inequity situation so any measures taken will need to include some significant changes to current taxation and investment strategies. It should come as no surprise then that in order to improve the lot for those at the bottom of the pile those of us who are more privileged will see our asset base compromised to some extent. The current worsening of economic circumstances for those of insufficient means will only result in costs for all of society in terms of crime, health care, lack of educated workforce and publicly funded elderly care. We either sort the problem out now or pay the price doubly in the coming years.

The cases cited where well moneyed individuals suffer a bit of inconvenience in regard to their long planned financial strategies would tend to pale into insignificance in comparison to those who struggle daily to house and feed themselves and their families. This tax policy is not about rich bashing, it is about building a system that better supports those in our community that the system is currently failing. The polar opposite of where Luxon & Co appear to be focussed it would seem.

I think the important point is to remember too, that we didn't always have this yawning great gap between rich & poor; that was delivered courtesy of Neo Liberalism - imposed very swiftly & without warning, we're now suffering the consequences of it.

We know therefore that we can do far better & desperately need to do so as fast as possible.