Let’s talk about capital gains

6 月 8, 2022

Re: Government waste needs to stop by Simeon Brown (Times, May 18).

When he’s not chirping “bike bridge” Pakuranga MP Simeon Brown frets about the taxpayers’ hard-earned money.

Perhaps I can help him soothe his conscience. Next year, National can tax the unearned money made by not working. I’m talking about capital gains, which far exceed anything 99 per cent of taxpayers receive for going to work.

And would even a halfwit believe a man buying lots of houses – using fake money the banks dish out freely for a fat profit – doesn’t make it more difficult for someone to buy a home for the family to live in?

I don’t know. MP Christopher Luxon has stated it doesn’t.

Dennis Horne
Howick

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