Who did you borrow it off?
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Probably the same institutions that the Nat govt has been borrowing from for 9 years. Except now it’s for something constructive not rich peoples tax cuts.
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Didn't like their borrowings either but they had a better reason than this one. Households earning less than $50K are net tax recipients. By far the majority (75%) of Income Tax is paid by those earning over $100K. Wait till the markets crash. You will see how constructive it is.
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I hope the “markets” do crash, especially the housing market, retiring housing affordability to reasonable levels and sending speculators scurrying to bankruptcy.
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So you'd like to see the borrowed $71M turn into something worth a lot less? The housing market won't crash as long as there are more willing buyers than willing sellers. The problem with you Lefties is that you don't understand economics or you would be one of those speculators.
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BTW, I’m about to sell an investment property for a tax free CG of around $200k, so even though I’m a ‘leftie’, I think I’ve got a rough idea how these things work.
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So you're saying that you're a tax evader? Under current law If you're selling a property and one of your intentions when you bought the property was to sell it, then you'll have tax to pay on any profit you make from its resale. I hope the Revenue Minister is reading this.
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I bought it 8 years ago, so our so-called capital gains tax doesn’t apply. And since proving ‘intent’ is an impossible threshold, you can see how disingenuous it was for JK to claim NZ had a working CGT.
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How about starting repayments into KidsCan...?

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They haven't stopped them. The funding (by National) was time limited (by the Nats) and is now up for review. B'cos, budget. <sigh>
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Labour the only party that ever took care of our country. Thanks
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Great to see it bought forward from National's proposed 2020/1 ish sometime maybe never. Vital forward planning.
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Antoin yr talkg rubbish. Nat borrowed $7mil to pay for the 1st tax cuts, during a world recession. They sold off our assets for a pittance all to give himself n the like hundreds of dollars in tax cuts while middle income didnt know theyd had a tax cut
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Read what Brian Gaynor had to say about it in recent Herald article. The National Party should hang its head in shame.
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So these brilliant minds from Labour are going to borrow the money first and then invest it second? No wonder Labour members have virtually zilch in the way of any personal assets.
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If invested wisely then the rate of return should exceed the interest owing.
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I understand their motives but history will say that it was incredibly stupid given the market returns in the intervening years.
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Well done Labour. Super good.
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Labour has restarted payments today 