John Key's dagger and his 4 Horsemen of the Capital Gains Tax
This is John Key's Chicken Little week. He's running out of horsemen of the apocalypse to terrify NZers with; he's used up Famine, Death and Plague to describe what will happen if Labour's 'dagger through the heart' Capital Gains Tax is implemented and now he's left with War to frighten us over the supposed flood gates of refugees who are going to swamp us from Sri Lanka.
As Amnesty International points out, he is scaremongering about the refugees. What's going on here is that ACT have outdone themselves with their race baiting this week, and National needs to throw their redneck rump constituents a bit of raw meat to keep the party faith and no one is easier to blame than refugees fleeing war zones. He's competing for dog whistles.
As for the Capital Gains Tax, here's a list of people who now all agree with Labour…
The Dominion Post
Herald on Sunday
Bernard Hickey plus Academic tax experts, economists and Treasury
And here's the list of people who agree with John Key...
John Key, ACT and the IRD. (cough) That's a lonely threesome
We need to stop borrowing and we need to stop cutting public services, the way we do that is expand the tax take by taxing those currently rich enough to hide their wealth.
When John Key attacks the Capital Gains Tax, he isn't speaking for the benefit of NZ, he is speaking for the benefit of his wealth class, he described Labour's Capital Gain's Tax as a 'dagger through the heart of growth', what?
A 'dagger through the heart of growth'. Who the bloody hell uses daggers these days? Where did Key get this dagger from? Was it left over from a Young Nat hazing ritual was it? 'I solemnly kiss the sacred dagger of Adam Smith and shall drive it into the heart of a socialist before i ever vote for a redistributive tax system'. 'Dagger through the heart of growth', what frustrated Arts Graduate in the National Party Research Unit came up with that clunker?