@warwick512 There is likely to be some passing on which is why it is planned for staged implementation but the only way to decrease rents is to further increase supply of housing which LVT does (incentivising best use of land).
@TimaruKaBIMARU Ravindra is dead to me for turning the momentum at the end of day 1 urgh. But pretty poor effort, we are going to be lucky if we get a draw out of this as foresee us getting rock and rolled after chasing leather
@walterdent1@OpinionistNZ We have a real need to tackle some big picture questions especially with our overinflated housing, aging population and AI.
Putting head into the sand and yelling socialism for something that Adam Smith was for ainโt it
@walterdent1@OpinionistNZ Their previous post had the calculation on $1.5m worth on land so probably total property value of $2.5m which would put it in top 3% of property sales in NZ.
Hey there are real people this will effect so are deferrals etc but it is a vision to move tax base away from just work
Worth remembering that 553 was not enough, batting first, for @BLACKCAPS to win the Nottingham Test four years ago.
The aim for the ๐ณ๐ฟ middle order tonight and tomorrow should be to convert Latham & Conwayโs 317-run opening partnership into a 650-run first innings total.
Nice to see ex-mayor Len Brown and ex-PM John Key getting shown around the new CRL stations ahead of an opening in August (?) - the pair having flicked the switch a decade ago on getting the network built...
(Pic from Auckland Transport's FB account)