Everyone could see that the foriegn buyers tax wasn’t going to work. It wasn’t going to raise enough revenue and was also illegal. It was obvious that something was going to get cut to pay for taxes. It’s not like this wasn’t pointed out ad nauseum during the election
The populists won’t allow more foriegn ownership of real estate.
I don’t see a single problem here. Fuck, I wish Australia would get behind this.
Also good, fuck prohibition laws. Leave them in the fucking past where they belong. If I want to slowly kill myself by inhaling burning plant matter, then that’s my decision. The taxes I pay more than cover my eventual cost to the state’s healthcare system. The government does not get to dictate what I do with my own body.
They have actually admitted this is going to be revenue gathering. NZ has some of the highest tobacco tax in the world.
Basically their election promise was tax cuts, which they intended to do by allowing more foriegn ownership of real estate and taxing it.
After the election they found out they could only govern with the help of a populist party and a libertarian party.
The populists won’t allow more foriegn ownership of real estate. Meanwhile the libertarians’ wet dream is stuff like more
lung cancertobacco.So we get shitty last minute law changes we didn’t see coming, like this one.
Everyone could see that the foriegn buyers tax wasn’t going to work. It wasn’t going to raise enough revenue and was also illegal. It was obvious that something was going to get cut to pay for taxes. It’s not like this wasn’t pointed out ad nauseum during the election
I don’t see a single problem here. Fuck, I wish Australia would get behind this.
Also good, fuck prohibition laws. Leave them in the fucking past where they belong. If I want to slowly kill myself by inhaling burning plant matter, then that’s my decision. The taxes I pay more than cover my eventual cost to the state’s healthcare system. The government does not get to dictate what I do with my own body.
It doesn’t thou. The cost of smoking to the state is fucking massive
Actually, a LOT of studies do show that no, in most countries, taxes are far from enough to cover the cost of tobacco induced diseases.
They are from Australia. The taxes on one single packet of cigarettes could fund the construction of a new hospital.
NZ taxes are higher and it doesn’t cover the costs here, either