Political Disaster Of the Year — KIN’s Award

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.

‘It’s OK, the Red Flag’s not flying here

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.

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