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An extraordinary claim from Chris Hipkins this morning during his interview on Herald Now: it is impossible for economists to model the key behavioural effect Labour attributes to its Capital Gains Tax — shifting people away from property and into productive investment. Hipkins and Labour routinely champion this shift...

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12,120 Aufrufe • vor 3 Monaten •via X (Twitter)

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On Herald Now with Ryan Bridge this morning, Labour leader Chris Hipkins said his capital gains tax would not allow deductions for inflation. Saying this would "defeat the purpose of the tax in the first place". Its ironic that the main driver of house price rises in NZ has been govt. They brought in hundreds of thousands of immigrants and upset manageable ratios of supply and demand. Then they spent like drunken sailors, thereby adding high inflation to the mix. So after sending house prices through the roof, they now want to dip their fingers into what they call profit. Which is no profit at all if you spend it on another house. Or even if it is banked, to a large extent its still only compensation for govt's poor management of the economy. Just so illogical and unfair. If Labour wants to encourage investment in areas outside housing the answer is to make other investments more attractive. For example by removing the screeds of red green and brown tape that make houses so much easier to do. Labour's CGT is a boondoggle. Voting for it is not something any sane person would consider.
0:33

On Herald Now with Ryan Bridge this morning, Labour leader Chris Hipkins said his capital gains tax would not allow deductions for inflation. Saying this would "defeat the purpose of the tax in the first place". Its ironic that the main driver of house price rises in NZ has been govt. They brought in hundreds of thousands of immigrants and upset manageable ratios of supply and demand. Then they spent like drunken sailors, thereby adding high inflation to the mix. So after sending house prices through the roof, they now want to dip their fingers into what they call profit. Which is no profit at all if you spend it on another house. Or even if it is banked, to a large extent its still only compensation for govt's poor management of the economy. Just so illogical and unfair. If Labour wants to encourage investment in areas outside housing the answer is to make other investments more attractive. For example by removing the screeds of red green and brown tape that make houses so much easier to do. Labour's CGT is a boondoggle. Voting for it is not something any sane person would consider.

The Redbaiter

11,031 Aufrufe • vor 9 Monaten

An outrageous claim from Chris Hipkins: New Zealanders don’t “really care” about the details of one of Labour’s flagship election policies — the Future Fund. The Herald’s Jamie Ensor appears to be one of the few gallery journalists actually holding Hipkins and Labour to account. It’s absurd that Labour cannot — or will not — provide even a basic estimate of the jobs the Fund will create, while aggressively promoting it as a major job creator.
3:08

An outrageous claim from Chris Hipkins: New Zealanders don’t “really care” about the details of one of Labour’s flagship election policies — the Future Fund. The Herald’s Jamie Ensor appears to be one of the few gallery journalists actually holding Hipkins and Labour to account. It’s absurd that Labour cannot — or will not — provide even a basic estimate of the jobs the Fund will create, while aggressively promoting it as a major job creator.

Suit and tie

21,570 Aufrufe • vor 3 Monaten

Tax, tax, tax. It’s all Labour know, it’s all Labour do. Now we potentially have 2 more, 1 for sure. There will be a 22% across the board tax on an interest earned from cash in stocks & shares ISA’s. Bear in mind this is money you have invested that you already paid income tax on and put into an ISA because you were told it was tax free. Then there is a strong suggestion that when Burnham comes in he will immediately put up Capital Gains Tax to match income tax. Thus killing any incentive or motivation to invest in or grow your assets. Tax is there for one reason only. To make the country function well and better people’s lives. We have the highest taxes ever now….but look around you. I defy you to find a single solitary piece of your life or this country that those taxes have improved!!! My advice is….find legal ways to pay as little as you possibly can!!
4:58

Tax, tax, tax. It’s all Labour know, it’s all Labour do. Now we potentially have 2 more, 1 for sure. There will be a 22% across the board tax on an interest earned from cash in stocks & shares ISA’s. Bear in mind this is money you have invested that you already paid income tax on and put into an ISA because you were told it was tax free. Then there is a strong suggestion that when Burnham comes in he will immediately put up Capital Gains Tax to match income tax. Thus killing any incentive or motivation to invest in or grow your assets. Tax is there for one reason only. To make the country function well and better people’s lives. We have the highest taxes ever now….but look around you. I defy you to find a single solitary piece of your life or this country that those taxes have improved!!! My advice is….find legal ways to pay as little as you possibly can!!

John Hannam

46,485 Aufrufe • vor 2 Monaten

Why is Mr. Lakshmi Mittal and thousands of other millionaires leaving UK this year? Last year over 250k British nationals left the UK... and in the current year, almost 16k millionaires are expected the have left the UK... It's because of a major law that is proposed to be passed in the UK Parliament that none of the wealthy people like... To understand this, let's first understand why the Global Wealthy were in the UK to begin with... The Global Wealthy would go to the UK because the country had a Non-Dom Regime... which basically meant that all the incomes earned by UK residents in other parts of the world and all such capital gains would not be taxed... For example, in India, your global incomes are taxed if you are an Indian tax resident... Now there are three major changes that have happened that made millionaires pulled the trigger... 1/ In Oct 2024, the capital gains tax was increased from 20% to 24% 2/ In April 2025, UK abolished the Non Dom regime by which global incomes become taxable in the UK... and more importantly 40% inheritance tax becomes payable even on assets outside of the UK. 3/ And now the third issue... where the Govt is now proposing to levy a 20% exit tax on unrealised gains on these assets, which are not even sold, but only appreciated in value Now where are all these people going? Most of these people are now going to Dubai... No personal income tax, no wealth tax, no inheritance tax, no capital gains tax, no dividend tax... Absolute safety - no crime... and corporate tax is just 9% while you get all the first world facilities while being close to Asia as well as Europe. If you have to move somewhere globally, the best bet right now is the UAE.
1:36

Why is Mr. Lakshmi Mittal and thousands of other millionaires leaving UK this year? Last year over 250k British nationals left the UK... and in the current year, almost 16k millionaires are expected the have left the UK... It's because of a major law that is proposed to be passed in the UK Parliament that none of the wealthy people like... To understand this, let's first understand why the Global Wealthy were in the UK to begin with... The Global Wealthy would go to the UK because the country had a Non-Dom Regime... which basically meant that all the incomes earned by UK residents in other parts of the world and all such capital gains would not be taxed... For example, in India, your global incomes are taxed if you are an Indian tax resident... Now there are three major changes that have happened that made millionaires pulled the trigger... 1/ In Oct 2024, the capital gains tax was increased from 20% to 24% 2/ In April 2025, UK abolished the Non Dom regime by which global incomes become taxable in the UK... and more importantly 40% inheritance tax becomes payable even on assets outside of the UK. 3/ And now the third issue... where the Govt is now proposing to levy a 20% exit tax on unrealised gains on these assets, which are not even sold, but only appreciated in value Now where are all these people going? Most of these people are now going to Dubai... No personal income tax, no wealth tax, no inheritance tax, no capital gains tax, no dividend tax... Absolute safety - no crime... and corporate tax is just 9% while you get all the first world facilities while being close to Asia as well as Europe. If you have to move somewhere globally, the best bet right now is the UAE.

JIX5A

57,632 Aufrufe • vor 9 Monaten

Good grief. This is a must listen! Labour’s Transport spokesperson Tangi Utikere has had an absolute shocker of an interview this morning on ZB with Heather du Plessis-Allan. Either he wasn’t across the numbers, Labour announced a major policy with zero modelling, or they’re too embarrassed to reveal the real cost to taxpayers — and how few people will actually save the amount they’re claiming. When HDPA pressed him on how many commuters would actually hit the $20 weekly fare cap, and what the true subsidy burden looks like (already ~87% on some services), Utikere dodged, deflected, and just repeated preset talking points. A two and a half year wait for this half baked cost of living “relief” stunt and Labour still has no idea what it’ll actually cost or how many people will truly benefit — is insane. Absolute amateur hour from Chris Hipkins and the Labour Party.
4:39

Good grief. This is a must listen! Labour’s Transport spokesperson Tangi Utikere has had an absolute shocker of an interview this morning on ZB with Heather du Plessis-Allan. Either he wasn’t across the numbers, Labour announced a major policy with zero modelling, or they’re too embarrassed to reveal the real cost to taxpayers — and how few people will actually save the amount they’re claiming. When HDPA pressed him on how many commuters would actually hit the $20 weekly fare cap, and what the true subsidy burden looks like (already ~87% on some services), Utikere dodged, deflected, and just repeated preset talking points. A two and a half year wait for this half baked cost of living “relief” stunt and Labour still has no idea what it’ll actually cost or how many people will truly benefit — is insane. Absolute amateur hour from Chris Hipkins and the Labour Party.

Suit and tie

11,947 Aufrufe • vor 2 Monaten

Mark Carney confirms that industrial carbon tax isn't going anywhere and that it will be a major strategy of his gov: "In the future we will strengthen tax credits to spur more investment in clean energy...we will be keeping the industrial carbon tax and we need to improve operations of these markets...there will be a competitiveness strategy and policy in carbon taxation at the same time a major strategy." New lipstick on the pig is coming which will result in more red tape for business investment & operations just like he admitted the EV mandate is causing.
0:59

Mark Carney confirms that industrial carbon tax isn't going anywhere and that it will be a major strategy of his gov: "In the future we will strengthen tax credits to spur more investment in clean energy...we will be keeping the industrial carbon tax and we need to improve operations of these markets...there will be a competitiveness strategy and policy in carbon taxation at the same time a major strategy." New lipstick on the pig is coming which will result in more red tape for business investment & operations just like he admitted the EV mandate is causing.

Kirk Lubimov

200,087 Aufrufe • vor 11 Monaten

This is just awful optics for Chris Hipkins and Labour. Excluding the COVID years, this appears to be the first time in at least a decade that the Labour Party has not had a stall at Fieldays. This will come back to haunt them on the campaign trail. National Fieldays is more than a farming event it’s a major exhibition and celebration of small business, technology, the environment, innovation, investment, and rural New Zealand as a whole. By turning up with little more than a token appearance, Labour is effectively sending a clear message to the rural community: we don’t really care about you. It will be interesting to see whether the media presses Hipkins on this when he makes his brief visit today — assuming he actually turns up.
0:26

This is just awful optics for Chris Hipkins and Labour. Excluding the COVID years, this appears to be the first time in at least a decade that the Labour Party has not had a stall at Fieldays. This will come back to haunt them on the campaign trail. National Fieldays is more than a farming event it’s a major exhibition and celebration of small business, technology, the environment, innovation, investment, and rural New Zealand as a whole. By turning up with little more than a token appearance, Labour is effectively sending a clear message to the rural community: we don’t really care about you. It will be interesting to see whether the media presses Hipkins on this when he makes his brief visit today — assuming he actually turns up.

Suit and tie

13,132 Aufrufe • vor 2 Monaten

Former World Bank Lead Economist calls for China🇨🇳 to TEACH its economic model to the world after its SUCCESS: ‘The advantage of the Washington Consensus was that it was very simple and in some aspects it was exaggerated and wrong, but it was simple and you could understand it. Chinese economists and economists working on China should be able to come to some consensus of essential policy changes that can be learned from China, and basically create a model that could be implemented in other countries. It's not imperialism…if a country has been successful economically, that country actually should sell its economic model. It's not only because that country would have greater influence. It would help the world by teaching them.’ —Branko Milanovic on the latest episode of Going Underground Watch the full interview in the quoted post below 👇
1:47

Former World Bank Lead Economist calls for China🇨🇳 to TEACH its economic model to the world after its SUCCESS: ‘The advantage of the Washington Consensus was that it was very simple and in some aspects it was exaggerated and wrong, but it was simple and you could understand it. Chinese economists and economists working on China should be able to come to some consensus of essential policy changes that can be learned from China, and basically create a model that could be implemented in other countries. It's not imperialism…if a country has been successful economically, that country actually should sell its economic model. It's not only because that country would have greater influence. It would help the world by teaching them.’ —Branko Milanovic on the latest episode of Going Underground Watch the full interview in the quoted post below 👇

Going Underground

48,877 Aufrufe • vor 16 Tagen

SHOULD GOVERNMENT BE ALLOWED TO TAKE PRIVATE PROPERTY? “People are waking up to the fact that the asset seizure tax is an elimination of private property rights, that fundamentally what you're saying [is] that private property now becomes public property. Because as soon as you give the government the right to collect your post-tax assets through a legislative vote, you are basically saying that you no longer have private property — because at any point in the future the government can vote to say I'm going to take your private property — which is different than an income tax. [An income tax] is when you earn something that you didn't have before, and they take a percentage of your earnings (of your income). The statement now is after you've made your income (it's now your private property) — they can come and take it. And so that is a distinction that has never existed in the United States. And I will make the retort right now to property tax, because people always say to me: ‘what about property tax?’ A property tax is a service fee on a particular, specific asset. The money that is collected provides services for that asset to make it more valuable. So you get roads, infrastructure, policing, fire, schools… All the stuff that comes with property tax makes that property [more valuable]. And you have the option at any point you want to sell that property and stop paying that property tax. You have the option at any point to downgrade your property and get a cheaper property and pay [a lower tax]. And here's the other important point about property tax: it’s uniform. Uniform means that everyone pays the same percentage, the same property tax rate in a county. This asset seizure tax that's being proposed is a demographic tax — meaning that the state or the legislature defines a specific group of individuals (in this case, they're saying anyone with a net worth over a billion dollars) and then they can go and take assets from only that group. That is nonuniform taxation. It means that for the first time we're saying based on the demographics of a person meaning whatever you want to use to define that person (in this case their wealth) — you are going to be treated differently. And that is different than an income tax, because remember when you have graduated income tax rates (and you say high earners get taxed more) — what you're taxing is the earnings, not the individual. You're not looking through to the individual to determine whether or not they're wealthy. All you're doing is looking at the independent earnings amount that's coming in. And so a uniformity clause is supposed to protect people from being demographically discriminated against. And you may roll your hand and be like: ‘Oh, who cares about the billionaires? Eat the rich. That's great.’ But fundamentally, you're giving the government, the legislature, the ability to in the future take any demographic definition they want and go in and take any percentage they want of after-tax property from you. That is why this is so troubling.” david friedberg The All-In Podcast
2:35

SHOULD GOVERNMENT BE ALLOWED TO TAKE PRIVATE PROPERTY? “People are waking up to the fact that the asset seizure tax is an elimination of private property rights, that fundamentally what you're saying [is] that private property now becomes public property. Because as soon as you give the government the right to collect your post-tax assets through a legislative vote, you are basically saying that you no longer have private property — because at any point in the future the government can vote to say I'm going to take your private property — which is different than an income tax. [An income tax] is when you earn something that you didn't have before, and they take a percentage of your earnings (of your income). The statement now is after you've made your income (it's now your private property) — they can come and take it. And so that is a distinction that has never existed in the United States. And I will make the retort right now to property tax, because people always say to me: ‘what about property tax?’ A property tax is a service fee on a particular, specific asset. The money that is collected provides services for that asset to make it more valuable. So you get roads, infrastructure, policing, fire, schools… All the stuff that comes with property tax makes that property [more valuable]. And you have the option at any point you want to sell that property and stop paying that property tax. You have the option at any point to downgrade your property and get a cheaper property and pay [a lower tax]. And here's the other important point about property tax: it’s uniform. Uniform means that everyone pays the same percentage, the same property tax rate in a county. This asset seizure tax that's being proposed is a demographic tax — meaning that the state or the legislature defines a specific group of individuals (in this case, they're saying anyone with a net worth over a billion dollars) and then they can go and take assets from only that group. That is nonuniform taxation. It means that for the first time we're saying based on the demographics of a person meaning whatever you want to use to define that person (in this case their wealth) — you are going to be treated differently. And that is different than an income tax, because remember when you have graduated income tax rates (and you say high earners get taxed more) — what you're taxing is the earnings, not the individual. You're not looking through to the individual to determine whether or not they're wealthy. All you're doing is looking at the independent earnings amount that's coming in. And so a uniformity clause is supposed to protect people from being demographically discriminated against. And you may roll your hand and be like: ‘Oh, who cares about the billionaires? Eat the rich. That's great.’ But fundamentally, you're giving the government, the legislature, the ability to in the future take any demographic definition they want and go in and take any percentage they want of after-tax property from you. That is why this is so troubling.” david friedberg The All-In Podcast

Ron Pragides 

258,567 Aufrufe • vor 7 Monaten

Washington state has one of the most vibrant tech communities in the world, but it's under threat from the new anti-tech, anti-innovation, capital gains tax, passed in 2021. I was curious how tech workers felt about this tax so I visited Microsoft and Amazon (see video below). What I learned shocked me. Many employees of these companies (who receive a large portion of them compensation in the form of stock) were not even aware that Washington's legislature had passed a capital gains tax that would affect them. This was not by accident. Politicians in Olympia designed the tax to initially apply to a fairly small set of people (the threshold at which it applies is $250,000). For years they had attempted to create a widespread income tax in WA by initiative, but they were repeatedly voted down by Washingtonians. But once they found a way to open the door to this new capital gains tax (by absurdly claiming it's not an income tax, but an excise tax), they immediately set to work on making it more widespread. Bill 5335 has been introduced to modify the capital gains tax so that the threshold at which applies will drop to $15,000 (a 94% drop, massively expanding the net of people it applies to), while increasing the rate from 7% to 8.5%. The increase in rate would mean that Washingtonians would see a greater than 50% increase in their tax burden on capital gains (sale of stocks, bonds, cryptocurrencies and other assets such as small businesses). When I explained these facts to the tech employees I met at Microsoft and Amazon most of them supported a repeal of the capital gains tax. We have one chance to get Washington back to its long tradition of not punishing success and welcoming the world's best and brightest to our state. This election, please vote Yes on initiative I-2109. Vote yes, Pay less.
1:31

Washington state has one of the most vibrant tech communities in the world, but it's under threat from the new anti-tech, anti-innovation, capital gains tax, passed in 2021. I was curious how tech workers felt about this tax so I visited Microsoft and Amazon (see video below). What I learned shocked me. Many employees of these companies (who receive a large portion of them compensation in the form of stock) were not even aware that Washington's legislature had passed a capital gains tax that would affect them. This was not by accident. Politicians in Olympia designed the tax to initially apply to a fairly small set of people (the threshold at which it applies is $250,000). For years they had attempted to create a widespread income tax in WA by initiative, but they were repeatedly voted down by Washingtonians. But once they found a way to open the door to this new capital gains tax (by absurdly claiming it's not an income tax, but an excise tax), they immediately set to work on making it more widespread. Bill 5335 has been introduced to modify the capital gains tax so that the threshold at which applies will drop to $15,000 (a 94% drop, massively expanding the net of people it applies to), while increasing the rate from 7% to 8.5%. The increase in rate would mean that Washingtonians would see a greater than 50% increase in their tax burden on capital gains (sale of stocks, bonds, cryptocurrencies and other assets such as small businesses). When I explained these facts to the tech employees I met at Microsoft and Amazon most of them supported a repeal of the capital gains tax. We have one chance to get Washington back to its long tradition of not punishing success and welcoming the world's best and brightest to our state. This election, please vote Yes on initiative I-2109. Vote yes, Pay less.

Vijay

63,045 Aufrufe • vor 1 Jahr

Labor has just passed their heartless Emergency Services tax, with the help of the Greens and other callous crossbenchers. This new tax is 189% higher than the previous tax it replaces! This tax will be taken from farming families and regional & rural communities, with no real guarantee that any of their money will come back to their areas. Councils will be forced to be the unwilling tax collectors of the Labor State Government, shifting all the political push-back and administrative burden onto them. Keeping people safe is a basic responsibility of government that should be funded out of consolidated revenue. Victorians should not be slugged with an extra property tax for the 'privilege' of keeping them safe. This tax will even target many of our desperately needed Emergency Services volunteers, who should be receiving a medal, not a new tax and a slap in the face!
12:17

Labor has just passed their heartless Emergency Services tax, with the help of the Greens and other callous crossbenchers. This new tax is 189% higher than the previous tax it replaces! This tax will be taken from farming families and regional & rural communities, with no real guarantee that any of their money will come back to their areas. Councils will be forced to be the unwilling tax collectors of the Labor State Government, shifting all the political push-back and administrative burden onto them. Keeping people safe is a basic responsibility of government that should be funded out of consolidated revenue. Victorians should not be slugged with an extra property tax for the 'privilege' of keeping them safe. This tax will even target many of our desperately needed Emergency Services volunteers, who should be receiving a medal, not a new tax and a slap in the face!

Bev McArthur MP

69,343 Aufrufe • vor 1 Jahr

Jemma Forte, "So the Daily Mail and the other right wing papers are trying to find anything that they can dirt on the Labour party" "And this is the second time the Daily Mail really featured this very, very heavily. And the story is Angela Raynor sold her council, sorry, bought her council house and apparently might own between one and a half to say, three and a half thousand pounds in capital gains tax when she sold it" "However, this has already been looked at. She's had legal advice saying she's fine. It was looked at by the police once" "But these people are desperate to reopen the case and the hypocrisy is just off the scale because the Daily Mail is owned by Lord Ashcroft, who doesn't pay tax in this country, a non dom. It was millions and millions and millions of pounds offshore a newspaper that avoids paying its taxes tax" "And they're going after a woman who bought her a council house and owes a couple of grand" "Now, if that is so, then obviously labor important members of the Labour party need to be held up to scrutiny. They need to be accountable. That's absolutely fine" "But from a party that is full of millionaires and billionaires and people like Jeremy Hunt, who, for instance, said it was an honest mistake that he didn't pay stamp duty on seven properties, it just. It feels rather grotesque to me" @jemmaforte
1:51

Jemma Forte, "So the Daily Mail and the other right wing papers are trying to find anything that they can dirt on the Labour party" "And this is the second time the Daily Mail really featured this very, very heavily. And the story is Angela Raynor sold her council, sorry, bought her council house and apparently might own between one and a half to say, three and a half thousand pounds in capital gains tax when she sold it" "However, this has already been looked at. She's had legal advice saying she's fine. It was looked at by the police once" "But these people are desperate to reopen the case and the hypocrisy is just off the scale because the Daily Mail is owned by Lord Ashcroft, who doesn't pay tax in this country, a non dom. It was millions and millions and millions of pounds offshore a newspaper that avoids paying its taxes tax" "And they're going after a woman who bought her a council house and owes a couple of grand" "Now, if that is so, then obviously labor important members of the Labour party need to be held up to scrutiny. They need to be accountable. That's absolutely fine" "But from a party that is full of millionaires and billionaires and people like Jeremy Hunt, who, for instance, said it was an honest mistake that he didn't pay stamp duty on seven properties, it just. It feels rather grotesque to me" @jemmaforte

Farrukh

775,328 Aufrufe • vor 2 Jahren

MILEI: SOME WOULD LIKE US TO KEEP MAKING CANDLES AND TAX WHOEVER WANTS TO USE ELECTRICITY "We've made 13,500 structural reforms. There's no historical record in the world for such a magnitud of reforms. Now, when you do that, what do you think will happen? The relative-price structure changes. And when it does, allocation of resources also changes. So, you'll be creating jobs on one side, and destroying jobs on the other. Companies will be created on one side, and destroyed on the other. That is life itself. But, what's our bottom line? We are better. Because the unemployment rate has dropped and GDP is at its all-time high. Or maybe—if you don't like it—in order to take care of the wagon industry, let's keep making wagons and tax people who buy cars. Or let's keep making candles and tax people who want to pay for electricity." -President Javier Milei Javier Milei
1:10

MILEI: SOME WOULD LIKE US TO KEEP MAKING CANDLES AND TAX WHOEVER WANTS TO USE ELECTRICITY "We've made 13,500 structural reforms. There's no historical record in the world for such a magnitud of reforms. Now, when you do that, what do you think will happen? The relative-price structure changes. And when it does, allocation of resources also changes. So, you'll be creating jobs on one side, and destroying jobs on the other. Companies will be created on one side, and destroyed on the other. That is life itself. But, what's our bottom line? We are better. Because the unemployment rate has dropped and GDP is at its all-time high. Or maybe—if you don't like it—in order to take care of the wagon industry, let's keep making wagons and tax people who buy cars. Or let's keep making candles and tax people who want to pay for electricity." -President Javier Milei Javier Milei

Argentina's Milei News 🇦🇷🤝🌎

90,163 Aufrufe • vor 8 Monaten

David Friedberg: California’s “Billionaire Tax” is a Trojan Horse to Go After the Middle Class's Private Assets david friedberg: “The reason they're calling it a billionaire tax is to make it easier for people to vote for it, and sign up to this entirely new tax system that they're proposing to put on all Americans at some point, and for the first time ever degrading our private property rights.” “Forget about how much wealth you have, forget about how rich you are, forget about the term billionaire, millionaire, whatever it is.” “We're creating, or proposing the creation, of a new tax system that allows the government for the first time ever to come in and audit everything you own.” “All the jewelry your grandma gave you, the value of all the couches in your house, the value of your car, the value of all your stocks and bonds, and the government can come in, and for the first time, look through the veil into your personal property.” “And say, ‘Here's how much all this stuff is worth. I'm charging you a percentage of that. That's what I need to get paid.’ And it doesn't matter that it starts with billionaires. What matters is that we're giving the government the right to look into our private property and take a percentage of it every year.” “The total net worth of billionaires in the US is $8 trillion.” “The net worth of the US, the middle class, and everyone else is $170 trillion, compared to $8 trillion of the billionaires.” Chamath Palihapitiya: “They need a way to open the door so that they can go after the real honey pot.” “The real honeypot is not 200 people.” david friedberg: “Just so everyone understands the real goal of this is not to tax billionaires, because there are other ways to tax billionaires.” “Charge them a capital gains tax if they borrow against their assets that they haven't paid capital gains tax on. Very simple, that can resolve this.” “Another thing you can do, you can raise the capital gains tax rate. Sounds unpopular. I don't agree with that, but that's another way to deal with this, which is to take the capital gains tax rate from 20% to 30%. You could do that.” “The real goal of this is to create, for the first time in American history, a private property asset seizure tax. Because they're going after the $170 trillion, not the $8 trillion that the billionaires have.”
1:51

David Friedberg: California’s “Billionaire Tax” is a Trojan Horse to Go After the Middle Class's Private Assets david friedberg: “The reason they're calling it a billionaire tax is to make it easier for people to vote for it, and sign up to this entirely new tax system that they're proposing to put on all Americans at some point, and for the first time ever degrading our private property rights.” “Forget about how much wealth you have, forget about how rich you are, forget about the term billionaire, millionaire, whatever it is.” “We're creating, or proposing the creation, of a new tax system that allows the government for the first time ever to come in and audit everything you own.” “All the jewelry your grandma gave you, the value of all the couches in your house, the value of your car, the value of all your stocks and bonds, and the government can come in, and for the first time, look through the veil into your personal property.” “And say, ‘Here's how much all this stuff is worth. I'm charging you a percentage of that. That's what I need to get paid.’ And it doesn't matter that it starts with billionaires. What matters is that we're giving the government the right to look into our private property and take a percentage of it every year.” “The total net worth of billionaires in the US is $8 trillion.” “The net worth of the US, the middle class, and everyone else is $170 trillion, compared to $8 trillion of the billionaires.” Chamath Palihapitiya: “They need a way to open the door so that they can go after the real honey pot.” “The real honeypot is not 200 people.” david friedberg: “Just so everyone understands the real goal of this is not to tax billionaires, because there are other ways to tax billionaires.” “Charge them a capital gains tax if they borrow against their assets that they haven't paid capital gains tax on. Very simple, that can resolve this.” “Another thing you can do, you can raise the capital gains tax rate. Sounds unpopular. I don't agree with that, but that's another way to deal with this, which is to take the capital gains tax rate from 20% to 30%. You could do that.” “The real goal of this is to create, for the first time in American history, a private property asset seizure tax. Because they're going after the $170 trillion, not the $8 trillion that the billionaires have.”

The All-In Podcast

1,808,541 Aufrufe • vor 7 Monaten

Labour leader Chris Hipkins says the cost of living is the main election issue. So how will Mr Hipkins address this problem? Renewable energy! So if he becomes PM, households won't see the cost of living go down. Rather it will continue to skyrocket. Simply because renewable energy is one of the major drivers of cost of living increases. The Labour leader's wrong headed thinking on this aligns with similar ideological nonsense from his socialist comrades like Keir Starmer in the UK and Tony Albanese in Australia. This dangerous and foolish obsession with falsely named renewables, driven by political ambition, greed and cronyism, has seen energy prices rise to a a level three times what they were a decade ago. If Mr Hipkins really wanted to address the cost of living, he would completely abandon renewable energy and a good start would be to discontinue the Emissions Trading Scheme. Taking close to one billion dollars from consumer's pockets every year it is driving up the cost of every household item. Including food and fuel. A simple remedy, but unacceptable to Hipkins because of his rigid ideological stance. Vote Hipkins/ Labour if you want the same economic chaos in New Zealand as you're seeing in the UK and Australia right now.
1:12

Labour leader Chris Hipkins says the cost of living is the main election issue. So how will Mr Hipkins address this problem? Renewable energy! So if he becomes PM, households won't see the cost of living go down. Rather it will continue to skyrocket. Simply because renewable energy is one of the major drivers of cost of living increases. The Labour leader's wrong headed thinking on this aligns with similar ideological nonsense from his socialist comrades like Keir Starmer in the UK and Tony Albanese in Australia. This dangerous and foolish obsession with falsely named renewables, driven by political ambition, greed and cronyism, has seen energy prices rise to a a level three times what they were a decade ago. If Mr Hipkins really wanted to address the cost of living, he would completely abandon renewable energy and a good start would be to discontinue the Emissions Trading Scheme. Taking close to one billion dollars from consumer's pockets every year it is driving up the cost of every household item. Including food and fuel. A simple remedy, but unacceptable to Hipkins because of his rigid ideological stance. Vote Hipkins/ Labour if you want the same economic chaos in New Zealand as you're seeing in the UK and Australia right now.

The Redbaiter

10,353 Aufrufe • vor 3 Monaten

🇺🇦 Zelensky: At the heart of Russia’s war against Ukraine is the false claim that Ukraine does not exist, that it is supposedly part of Russia. It is not just a matter of history, not just politics or ideology. This is the basis of their goal – to completely wipe Ukraine off the face of the earth. And not just Ukraine. Russia has repeatedly openly stated that it wants to control all its neighbors. It wants to decide what security should be in Europe and whether it should exist at all. Russia has spread its idea of ​​war all the way to Syria and Africa. This is truly a global threat. It is important that many in the world perceive it as such – as a global threat.
0:55

🇺🇦 Zelensky: At the heart of Russia’s war against Ukraine is the false claim that Ukraine does not exist, that it is supposedly part of Russia. It is not just a matter of history, not just politics or ideology. This is the basis of their goal – to completely wipe Ukraine off the face of the earth. And not just Ukraine. Russia has repeatedly openly stated that it wants to control all its neighbors. It wants to decide what security should be in Europe and whether it should exist at all. Russia has spread its idea of ​​war all the way to Syria and Africa. This is truly a global threat. It is important that many in the world perceive it as such – as a global threat.

MAKS 25 🇺🇦👀

13,932 Aufrufe • vor 4 Monaten

Lakmi Mittal, the 8th richest business man in the UK has left the the United Kingdom and he has taken his £15.5 billion with him to Dubai ! It wasn’t income tax or capital gains tax that has scared away one of the UK’s most richest men, but in fact it was the changes to inheritance tax that labour made in the previous budget that has scared him off. So now considering that the non dom status has been removed, this means that if you are resident in the UK for more that 10 years, but are from abroad, then your entire global assets will be included in inheritance tax, which is currently 40% So no wonder Lakshmi Mittal decided to up sticks and leave.
2:02

Lakmi Mittal, the 8th richest business man in the UK has left the the United Kingdom and he has taken his £15.5 billion with him to Dubai ! It wasn’t income tax or capital gains tax that has scared away one of the UK’s most richest men, but in fact it was the changes to inheritance tax that labour made in the previous budget that has scared him off. So now considering that the non dom status has been removed, this means that if you are resident in the UK for more that 10 years, but are from abroad, then your entire global assets will be included in inheritance tax, which is currently 40% So no wonder Lakshmi Mittal decided to up sticks and leave.

JIX5A

1,449,270 Aufrufe • vor 9 Monaten

No other country on planet earth lets folks in who think that country is a net negative on the world. And it would be beyond their wildest comprehension for them to let one of those people ever hold state power. It’s one thing for a migrant to come to a host country and debate, say, its respective income tax brackets or zoning restrictions. Those are totally fair and tolerable political disputes. But to come to a country that you view as a scar on this earth, then call its citizens dumb, is another. The fact that Americans not only normalize this, but vote for it, is almost impossible to believe.
0:32

No other country on planet earth lets folks in who think that country is a net negative on the world. And it would be beyond their wildest comprehension for them to let one of those people ever hold state power. It’s one thing for a migrant to come to a host country and debate, say, its respective income tax brackets or zoning restrictions. Those are totally fair and tolerable political disputes. But to come to a country that you view as a scar on this earth, then call its citizens dumb, is another. The fact that Americans not only normalize this, but vote for it, is almost impossible to believe.

Sweeenie

20,295 Aufrufe • vor 6 Monaten