Matariki is a good opportunity to remember that Hana-Rawhiti Maipi-Clarke is a racist cunt
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This is an absolute shocker from Opportunity Party leader Quilae Wong — and it reveals just how out of depth she and TOP really are.
Wong is already on record saying retirees should just downsize and many have made good profits on the family home anyway when addressing the potential issue of tens of thousands of pensioners effectively being forced out of their family home due to the party’s Land Value Tax (LVT).
It turns out Wong is just as lackadaisical about the impact TOP’s LVT will have on businesses that own land. In her NBR interview, when asked about the impact Wong casually says:
“That, that will be part of it. Yeah. Yeah, and they will sort of have to adjust their cash flows accordingly."
Stunningly detached.
Wong seems completely oblivious to the fact that land isn’t a speculative side hustle for most companies — it’s a core operational cost for retail, manufacturing, warehousing, industrial, and thousands of other SMEs.
There are around 70,000 commercial property operators alone, so TOP’s 1.75% annual LVT would deliver a serious cash burden, squeeze margins, and ultimately raise prices for consumers.
This is about as far as you can get from being pro or even business friendly and further proof that TOP are indeed a left wing party masquerading as centrist.
Media with no vested interest should be all over this.
WARNING PROPERTY OWNERS
TOP wants to tax urban Land Value 1.75% pa. The average residential Land Value (LV) in Auckland is between $840k & $970k
So the average LV tax per annum will be $14,700-$16,975
On TOP of council rates!
No land owner in NZ would vote for that😳🤪
Fark. Have you worked this out?
TOP intend to force our parents out of their homes and retirement plan. Here's what they say for an Akl couple aged 65, with a $1.3m house:
Your house will attract an annual Land Value Tax of $17,500 until you/your estate sells your land.
TRUE.