Māori land


PHOTO: JASON OXENHAM New Zealand Prime Minister Jacinda Ardern attends a business roundtable.

OPINION: Very few people would voluntarily pay more tax.

Naturally, no-one enjoys parting with their hard-earned cash – which is why the proposed capital gains tax is such a great idea. It fairly taxes cash which is not hard-earned. It taxes money you make from sitting on land and doing nothing. Money you make because you already have enough cash to invest would be taxed under this scheme. It stops double dipping, and closes a loophole which lets investors pay less tax than the rest of us.

It seems very fair. At least, it’s meant to be fair – but it could end up being very bad for Māori.