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Originally Posted by Ard Righ
Capital gains tax has pros and cons. Would require a better alternative to get people to accept it. But it needs to be something considered by the Government, if they want to slow the economy while keeping inflation within it's accepted range.
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And that will never happen as many many MP's own 2nd homes and rental properties.
Will be interesting to hear what Clarky has to say in her speech to parliament today, more land for housing. Absolute zip about gains tax being implemented.