No Treasury No! [update 2]
The Herald reports: “New Zealand needs to overhaul its tax system . . . potentially increasing GST or imposing a land tax“!
What New Zealand needs is not new taxes, but fewer taxes. It’s not a “broader tax base,” it’s fewer tax victims. It’s not “slower growth in government spending,” it’s no growth in government spending. None at all.
What NZ really needs – especially at this time when businesses are struggling with lower returns – is drastically reduced government spending. It’s the urgent removal of all the regulatory handbrakes on real production.
The correct response to calls for new taxes and a broader tax base is not “Go Treasury Go ,” but No Treasury No!
UPDATE 1: I like this comment over at PM of NZ:
“As the hand wringers argue back and forth about a CGT and speak at great length about the pros and cons of raising Grab Snatch and Take, I do wonder if the priorities are totally wrong.
‘able to continue to deliver the revenue needed to fund what we have come to expect from the state.’
Always about raising the take, never lowering it. “
Isn’t it ever the way.
UPDATE 2: And this, from Cactus Kate:
Forget saying no to "P" and other drugs of choice. Say "No" to new taxes. They are potentially far more harmful for government spending addicts.
Labels: Budget and Taxation