Hard News: The sole party of government
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BenWilson, in reply to
I'm not suggesting any party make it their policy. It would be political suicide, so far has our economic understanding shifted to the right. All I'm saying is that it's far from inconceivable. In fact, it was the policy in NZ for half of my life.
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mark taslov, in reply to
All good in itself, but if a family owns vast estates and never sells them then how is the playing field levelled out to any significant degree and why will the poorest bear the worst brunt?
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Jack Harrison, in reply to
Incredible chart. Non-voters numbers are incredible, not all are passive voters, many are just so dis-engaged from the process, that it means nothing to them.
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TracyMac, in reply to
That's right.
Although I suppose the case could be that if a property is sold to distribute that part of the estate amongst multiple beneficiaries, that's when the tax could (unintendly?) come into play. If the property is transferred to a single beneficiary, then no impact there.
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Katharine Moody, in reply to
we’ve been in FIve Eyes since 1954 as I recall and before that, always allied with the worst of ’em.
It's got far less to do with mass surveillance (although it's part and parcel to achieve their ends) and more to do with FATCA and the TPPA - much, much more.
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BenWilson, in reply to
, because they only take it when you realise the gain, not when you die, which mark seems to think happens
Well he probably thinks that because you are forced to realize the gain when you die. But calling that a death tax only makes sense in a context where you believe there should be no tax on the capital gain.
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What are the demographics of the non-voters?
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Michael Homer, in reply to
you are forced to realize the gain when you die
No you aren't. That was the point of the policy passage he quoted, even.
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Farmer Green, in reply to
Hey Amanda , we've done that one a couple of years ago. Let's just call it waste eh?
It's energy, and undesirable side-effects ; all easy solved with known technology.
Just economic problems and a culture of future-eating. I like farming because I can build something up , make something better , see more people fulfilled in a simple way, create a better environment. All those things that you mention can be recycled and rendered harmless. nitrogen , carbon , sulphur . . they all have cycles.
Just focus on efficiency and wastage ; it will solve a lot of the global problems. -
Amanda Wreckonwith, in reply to
You probably know that there is scarcely a farm in the land that doesn’t need to double , even triple, its labour force if the land is to be properly cared for
I doubt very many people on here know that.
I agree with you wholeheartedly.
However, as someone who is also reliant on the land for a crust, I don't see how it can come to pass without slavery or serfdom making a comeback. WWOOFers won't cut the mustard (nor the corn).What are your suggestions?
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mark taslov, in reply to
except in this actual case, because they only take it when you realise the gain, not when you die
No I got that much thanks, the issue is that some things seem to be exempt and some don’t, So what I’m having trouble understanding is; if a property is sold before death, are capital gains payable on the proceeds or other inheritance such as collections which may have been bought with the proceeds? If so how are Capital Gains calculated on money generated in a lifetime?
I do hope that is clear, I am here, no 3rd person necessary.
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Jack Harrison, in reply to
We just need to work out how our primary goods (our oil) can be a spraycan for more exports and more jobs. I'd love a debate on that from the leaders, just that for an hour.
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mark taslov, in reply to
and more to do with FATCA and the TPP
Yep, on that note, I'm concerned to. I have friends who are dedicated to finding out what's going on and in no way does the future look bright.
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Michael Homer, in reply to
capital gains payable on cash
No. It was already paid (if applicable) when you sold whatever got you the cash. Cash by definition has not increased in value from any time to any other time.
or other inheritance such as collections
If there is some capital gain (increase in value) between the later date of the passage of the law or the acquisition of the items, and you then sell the items, yes. If you don't sell them - no. If they haven't appreciated in value - no.
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Amanda Wreckonwith, in reply to
all easy solved with known technology
So is it just you that knows about this miraculous technology or are you going to share it with the rest of the planet?
Your Nobel prize awaits... why do you bother with farming when you can solve the problem of climate change and make NZ the richest country on Earth in the process?
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No. It was already paid (if applicable) when you sold whatever got you the cash
I am now comfortably dead. That was my family home you’re talking about, I moved into a rest home, there is no CGT on family homes, so I sold my family home before I died so the family member could inherit pure untaxed cash,
but if I had died before selling the home, then the CGT would have had to have been paid when my family sold my (their 2nd) home? So it’s a tax on me inopportunely dying before having liquidated the asset?
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Farmer Green, in reply to
Yes you are right , but the key is leaving the water in. Milk is 87% water. Many countries are desperately short of water, and we spend vast amounts of energy taking the water out.
But the reality is that we can sustainably produce 10 billion litres/annum if we produce evenly all year round. It really is a drop in the bucket.
Say the wealthiest 5% of the 2 billion Asians nearby were to select NZ dairy products as the cleanest, greenest and safest way to obtain their cultured foods , butter (Ghee) and ice cream. The maximum amount that they could have per person incorporated into all those products is two litres /week. That is if we sold to nobody else in the world. It is barely enough to do those products.It goes without saying that the prices would be good for this country. More than double the price that dairy farmers receive now, and with stocking rate more than halved.
Shit , I've posted all this before. Gotta sleep. -
Farmer Green, in reply to
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Farmer Green, in reply to
I never use woofers as a matter of principle. There are people who want to commit, and that is worth paying well for.
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Jack Harrison, in reply to
F.G- we want policy from you. Don’t tease us with wealths. Primary, a big deal. Sleep well.
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Farmer Green, in reply to
So is it just you that knows about this miraculous technology
No it's all freely available on line. Coal flue gas recovery for fertilizer.
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Lucy (and Ben and others interested) here are some long term numbers for enrolled electors and turnout
http://www.elections.org.nz/events/past-events/general-elections-1853-2011-dates-and-turnout
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Farmer Green, in reply to
:-)
zzzzzzz -
Michael Homer, in reply to
it was my family home, I moved into a rest home, there are is CGT on family homes, so if I sell my family home before I die the family member can inherit the cash and pay no CGT, but if I die before selling the home, then the CGT must be paid when my family sells the (2nd) home? So it’s a tax on me dying before converting the asset?
I don't know what the precise definition of "family home" was intended to be, and I suspect it was a detail to be hammered out later.
The exception is bad policy, really. So if your point is that CGT should be uniformly applied to all assets - yes, probably. It's fairly obvious why it wasn't, though.
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mark taslov, in reply to
Yes, my issue there is purely the CGT’s lack of oversight with regards to liquid assets, the various workarounds that might enable, and the enhanced access the wealthy have to financial manipulation. Sorry I was doing a fair bit of editing as I was writing so things mightn’t have quite landed when you read them. And sorry I missed your first response earlier, I’m high on meth. Thank you for your assistance Michael. Thanks Ben.
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