Wednesday, April 17, 2019

BREAKING NEWS: CGT Negotiation Details Leaked

NoMinister brings you this exclusive video from inside the Coalition Government of key moments in Prime Minister Jacinda Adern's negotiations with Deputy Prime Minister Winston Peters over the Capital Gains Tax.


The video has apparently been leaked by horrified Green Party MP's who witnessed the event and supplied NoMinister with the following quotes.
"Disgusting. Offensive. I felt triggered"
"I thought I was going to be sick."
"The power this tiny man has is beyond belief." 
"These monstrous capitalists must be stopped before they control the entire planet."
"Dude! That baby. Like he really bawled, man."
"I've never seen intersectionality so vividly reified. I cried for Jacinda."
She thinks this was giving her power. Can you believe it? 
"The way Winston just sat there smiling and sipping his whiskey through the whole ordeal like some patriarch of old - ugh." 
In public the PM assured Labour MP's that she felt refreshed and energised by the experience:
"I could go for months without another full meal now. I'm certainly not going vegan after that wonderful experience. I absolutely commend the leader of NZ First for his advice on healthy whiskey additives."

15 comments:

Lord Egbut Nobacon said...

The CGT has been canned. That to me is disappointment because it works in other countries and as I have always said tax is the price you pay for a just society.

Michael Cullen has echoed my posts of the past when he said....

"The problem we have is New Zealanders seem not to want an inheritance tax, or a wealth tax, or a land tax or a capital gains tax but they still want to complain about growing inequality of wealth.

Clearly that is a political position that has to be recognised, but it is not a satisfactory one."

Gravedancer keeps banging on about the "rich pricks" and at the same time offers no answers to raising revenue I can only conclude that it is not important in his eyes.




Andrei said...

Egbut - For normal people taxes are revenues gathered by the Government to pay for end goals and services that have been mutually agreed between the people and Government.

For lefty control freaks collecting taxes is the main goal of Government which can to be used to punish people they don't like or to change society in ways the people if left to themselves would never agree to.

Lord Egbut Nobacon said...

God you do talk nonsense. Pity your concern does not spread to Russia,. A pitiful tax tax rate in a stagnating economy with very little investment on the infrastructure. I'm sure the Russian people did not mutually agree for that clusterfuck.

https://www.nationsencyclopedia.com/economies/Europe/Russia-INFRASTRUCTURE-POWER-AND-COMMUNICATIONS.html

For the benefit of the dim witted...Party manifesto's are not budgets

Andrei said...

You do post nonsense Egbut - 20 year old links about the Russian Federation which have nothing to do with J. Ardern's humiliation yesterday

Russian income tax is a flat 13% for residents while the income from oil and gas is used to develop infrastructure

Russia of course is a vast undeveloped country which is under populated - as we know outside the cities the roads are famously terrible.

And as we know the USA is terrified of Russia developing which is why they find reasons to apply sanctions, a tool of economic warfare, to impede her development.

Indeed all resource rich Nations that do not surrender control of their resources and strategic assets to the USA are subject to some sort of "sanctions" regime e.g. Iran, Syria and Venezuela and if that doesn't break them they bring in the bombers as they did in Libya.

The great game is being played in Venezueala aws we speak - the USA has just stolen the money in held by the Venezuealan Government in foreign banks but both Russia and China are blocking their moves to some extent.

Iran will be a tougher nut to crack and "sanctions" against Russia while a set back in the short term are just making her stronger and bringing in the bombers a la Libya is just not an option, Russia can defend herself and has a 1000 year history of doing just that, and can also hit back very hard unlike poor Libya

Anonymous said...

We note your disappointment Egbut that the CGT has been canned and NZ'ers 'don't want a capital gains tax but they still want to complain about growing inequality of wealth'.
Bowing to covetousness by legislating theft was an answer?

Mick

Lord Egbut Nobacon said...

Mick....by that I presume that you think all tax is theft? How do you expect to find the money neseesary to pay the teachers and nurses more than a living wage?.


Andrei....Russia has a 1000 year history of bothering the neighbours and is still at it...

Albania, Bulgaria, Czechoslovakia, the German Democratic Republic (East Germany), Hungary, Poland and Romania, Estonia, Latvia, Lithuania etc.

Psycho Milt said...

How do you expect to find the money neseesary to pay the teachers and nurses more than a living wage?

Simple - for people like Mick, it's not theft when the government taxes plebs who earn wages and salaries, it's only theft when the government taxes them.

Anonymous said...

I speak as one of the aforesaid plebians who earns wages, gets taxed, then uses what's left to try and build a reserve for the future. Then government says 'in the name of fairness I want a chunk of your sweat equity'. I call that wrong.

Mick

Judge Holden said...

Jesus you’re a fuckwit, Mick. Sweat equity? FFS. If you’re going to pretend to be a hard working Kiwi battler from Stwuggle Stweet, at least sound like one.

Psycho Milt said...

That's what I don't get about this: apparently, it's right for the government to tax the income I make from my salary, but it's wrong for the government to tax the income I make from capital gain on properties I own. Is the difference that I actually worked for the salary, but haven't had to work at all for the capital gain? IF so, haven't you got the morality of that the wrong way round?

The Veteran said...

Milt ... if you're right and, to be fair, 'she' also thinks you are right, then why didn't 'she' have the moral courage of her convictions to park the issue through to the next election and then campaign on it??????????

I think NRT has got it about right.

Psycho Milt said...

...why didn't 'she' have the moral courage of her convictions to park the issue through to the next election and then campaign on it?

Well, yes she could have done that, which would have turned the failure to get a CGT across the line into a failure to get a CGT across the line and the free gift to National of the opportunity to spend the whole time between now and the election blathering on about Labour supposedly having a dastardly plot to steal your cash. I can see why National would want her to do that, but what would be in it for her?

The CGT failure is just one of those shit sandwiches that goes with coalition government - no need to make a whole extra shit sandwich yourself to make a full shit meal out of it.

David said...

Milt ... if you're right and, to be fair, 'she' also thinks you are right, then why didn't 'she' have the moral courage of her convictions to park the issue through to the next election and then campaign on it??????????

Because, as I believe you have acknowledged elsewhere, we elect governments to govern. Not everything can be foreseen, not everything needs to be "campaigned on". And being in government gives no "mandate" to do anything.

Let the government govern, and you get to judge them at the next election, not the last one.

If a CGT were to be introduced, and Labour were to win a second term, and CGT was shown to be working as designed, you can bet all the medals in your sock drawer that National would not over turn it.

Anonymous said...

The first actual strict CGT introduced in this country was by National in 2015 through the bright-line test. Labour extended it to 5 years, but it was John Key who brought it in.

Adolf Fiinkensein said...

Anonymous @ 4:25

I think you are wrong. The capital Gains Tax to which you refer has been on the books for decades with IRD making a decision on whether to charge a tax payer based on it's assessment of his/her intent to make a profit on the sale of the asset in question.

National in 2015 merely changed the assessment criterion from one of intent to one of duration between purchase and sale date.