Fishing for votes

Two of your Weekend Herald opinion writers suggest that we discuss the Greens’ tax proposal. The average income from hands-off investment is 4 per cent before tax. A 2 per cent wealth tax takes 50 per cent of that income. Add to that the proposed income tax, and you end up with a 92 per cent marginal tax rate on income.

Call it wealth tax, income tax, or daylight robbery, the stampede of capital flight will be a spectacle.

It shows the Greens are rather unburdened by knowledge about the economy. Or it is the last-ditch attempt to fish for the uninformed envy vote, all the while knowing that it will never be accepted by a coalition party?

K. H. Peter Kammler, Warkworth.