Tuesday, January 25, 2011

What He Should Have Done

If Phil Goff wanted to cause a real stir with a bold, radical, revolutionary (I can see Chris Trotter and all the other lefties' sphincters starting to squirm with delight at those words) game changing campaign opening speech he would have done this:-

  1. Advocated a $10,000 tax free threshold.
  2. Announced a flat personal income tax rate of 20%
  3. Proposed that all income received by trusts, LAQCs and companies be taxed at 25%
  4. Foreshadowed a new law making the provision of advice the intent of which is to reduce, avoid or evade income tax a criminal offense subject to serious jail time.
  5. Introduced a tax payer's lottery whereby each week a personal IRD number would be drawn out of the hat and the weekly winner would receive back all his income tax for that year.
  6. Increased GST to 17.5%
Now THAT would have got him a bit more attention than his damn fool twenty second twiddle today.

Numbers 4 and 5 are the real kickers. Any serious reform of tax laws has to put the boot into the tax avoidance industry.

11 comments:

showmethetaxcut said...

Fuck, I just got a hard on.

I earn in excess of $250,000 per annum and I would vote for a party which offered those policies. Even the Labour Party as long as they followed through and I have never voted (and do not expect to vote) Labour in my life..

Santiago said...

Adolf that's ridiculous. Why would the Labour leader introduce radically right wing policies? You can't seriously believe that Labour would try and steal right wing votes from Act (although that would be like taking candy from a baby right now)!

Adolf Fiinkensein said...

Santiago, they ain't got nuthin' much else they can do.

Of course, modesty prevents me from suggesting the 'tax lottery' is a stroke of genius. Along with it, Little Philly could ban Lotto on account of it's only creating more rich pricks.

Adolf Fiinkensein said...

Showme, Goff could have shown himself to be a true political genius if he had made some serious moves to change the culture of tax avoidance and move NZers toward a culture in which the payment of tax is regarded as a virtue and a thing of which to be proud.

Why, we might even catch up to Australia where, in my experience, business people who make lots and lots of money spend ALL their time and energy figuring out ways to make more money while their counterparts in this damn fool country seem to concentrate most of their energy on finding ways to avoid paying tax.

In case you didn't notice, the whole BlueChip sales process was focused on greed associated with tax avoidance. Wage and salary earners were persuaded that at last they could avoid paying ANY tax. They fell for it by the hundreds.

FAIRFACTS MEDIA said...

Adolf is right.
The tax avoidance culture can be highlighted by what happened at the turn of the century when Liarbour increased the top rate of income tax.
Top rate taxpayers put their money into landlordism and set up LAQCs.
All it achieved was help price housing out of ordinary working class voters.
Nice one Cullen!!!

FAIRFACTS MEDIA said...

Adolf is right.
The tax avoidance culture can be highlighted by what happened at the turn of the century when Liarbour increased the top rate of income tax.
Top rate taxpayers put their money into landlordism and set up LAQCs.
All it achieved was help price housing out of ordinary working class voters.
Nice one Cullen!!!

The Veteran said...

Labour is unbelievable.

Nine years in Government in great economic times running surpluses and did they reduce tax? No never and in fact they increased the rate for 'top' earners.

And now when we are having to borrow to balance the books Labour finally decides to give some back.

And they didn't even have the guts to spell out the changes at the top end of the tax scales they said they will make to fund this.

Labour ... a shiver looking for a spine to run up.

Flashman said...

Did you channel Winston Peters when you wrote this piece?

Psycho Milt said...

The PM today helpfully, if unwittingly, put Labour's excessive tax proposals into perspective:

He said the Government was borrowing $300m a week.

If Labour borrowed the full $1.1 billion [to fund its tax proposals] that could rise to about $320m a week.


The voters have a clear choice - Labour's profligate and insane plan to borrow $320m a week, versus the National's cautious, fiscally prudent approach of borrowing only $300m a week...

Anonymous said...

Sure PM. So how much of the 300 mio a week we pay now was down to Labour?

ISeeRed said...

NZ has already passed the tipping point. Too much talent that could be generating jobs, wealth and tax revenue has left. It's an economic death spiral of borrowing and taxing and spending until the country is bankrupt. Just leave while you still can.