GE­OFF SIM­MONS - THE OP­POR­TU­NI­TIES PARTY

The Wellingtonian - - Front Page -

We are a rich coun­try, we can af­ford to en­sure ev­ery­one has a warm, dry se­cure home. The Op­por­tu­ni­ties Party (TOP) is the only party that will re­store hous­ing af­ford­abil­ity.

New Zealand has the low­est taxes on hous­ing in the world, we in­vest more in hous­ing than any other coun­try in the world, and we have some of the high­est house prices in the world. This isn’t rocket sci­ence – we need to tax hous­ing like other as­sets.

TOP doesn’t want to just tax cap­i­tal gain, we want to kill cap­i­tal gain en­tirely. If we hold house prices sta­ble over time af­ford­abil­ity will be re­stored. This tax re­form­would also pe­nalise land bankers, en­cour­ag­ing them to build houses. We would use the $11b in rev­enue to re­duce in­come taxes by around a third, so that renters, wage and salary earn­ers are all bet­ter off. In fact 80 per cent of Ki­wis would be bet­ter off.

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