At least part of the idea of a Financial Transaction tax is to STOP the speculation from happening in the first place (slims margins). So the fact it moves away etc and doesn't generate lots of tax doesn't mean it hasn't done its job,…

Like him or hate him, Tony Benn had similar plans for Britain’s North Sea oil revenues, and Norm Kirk here in…

It was in a break-down of how various household compositions have been affected by National's tenure. Green Party, I think.
And lower? Really? 1% in the US is about USD750k. Our 1% level…

But you lost me at 'magic money'
after that it feels like a shell game...

But it also speaks to my concerns – we concentrate all our efforts on income without really trying to identify wealth beyond that.

I also think most of that 25% would be better…

Nope. Kai Tahu *as an iwi* own a lot of South Island land – but we are many.
We sure as shit arnt any part…

Here is the Tax Working Group's final report from 2010. They came down favouring land tax though at a lower level than I would aim it. They suggested .5% land tax could raise up to $2.3b. I would aim higher with the intention of lowering other taxes (income or…

LIKE

I don't think cgt comes close in amount raised and therefore in ability to change model

I do feel a little sympathy for those who may struggle to pay a land tax on desirable land through lack of sufficient income or other funds, but I feel more sorry for all those who…

Maybe, maybe not. Depends how it’s implemented I guess.

That argument aside, a more radical notion would be to ‘un-float’ (I hesitate to use the word ‘sink’) the dollar and charge the reserve bank with the responsibility of setting its value relative to the…

All tax systems have winners and losers. The current system’s…

I think the property bubble has rather more of an impact on the NZ economy than that.

The CAP is in…

On the upside, until 2009 you were totally correct.

It doesn't. The rural property bubble burst here…

In the absence of an international implementation, yes. However it's not beyond the realms of possibility that the G20 will agree to develop one, and if it happens at that level of economic activity it's effectively a global tax.

Did their businesses succeed?

A bad idea for several reasons:
– easily avoidable. You're taxing an activity that can morph into something else (like a contract for differences) and move offshore at the click of a key. Compare this with a land tax, which, if government controls the land registry,…

In the absence of a fundamental change in how we address property sale transactions, yes. You point to Crafar, and it’s those kinds of transactions that drive up the prices for everyone else. The other bidders were looking to…

It will resume climbing?

The Crafar Farms were sold to the Chinese at about twice as much as the next highest bidder was willing to pay. Property…

For the saps who bought right before the drop, they suffer. For most of the rest, they hang in there for a couple more years and wait for the market to…

Since 2009 rural property values have fallen by 15 – 25%.

New Zealand’s macroeconomic settings…

Four Horsemen explored that path, suggesting shifting the tax burden from capital and labour, to consumption, speculation and pollution among other things.

Indeed. It'll work a lot more effectively with G8/G20 backing, though.

Well, we could start with a Financial Transactions Tax on speculative foreign exchange transactions.

Printing money would undermine the value of the $kiwi too.