The Kāpiti Independent’s Award for Political Disaster of the Year goes to Jacinda Ardern and the Labour Party for abandoning the cause of a capital gains tax.
By doing so they have divided NZ clearly into the ‘haves’ and ‘have nots’ and failed to protect the under-class, condemned to ever-rising rents as landlords cream it with tax-free benefits.
Shame on you Labour!
Jacinda is a leader who scores highly on leadership during disasters, but fails when it comes to tackling massive economic and social problems — inequality and housing.
Previously, the Labour Party campaigned to bring in a tax on capital gains to ensure fairness and balance.
And a tax working group appointed by the PM recommended a capital gains tax (CGT).
But for reasons of political expediency (read Winston Peters et al), Jacinda Ardern in April ruled out CGT now, or ever, under her leadership.