The COL’s “Well being” budget is set for Thursday 30 May 2019. How many taxes will be increased to ensure the COL can implement this expensive flagship “Wellbeing” policy? Their failure to get the country to accept their CGT plan will mean a lack of tax revenue to spend on this expensive holistic-welfare experiment.
From stuff 15 April 2019
“Prime Minister Jacinda Ardern has confirmed Cabinet signed off the 2019 Well being Budget but kept mum on details about its plan for a Capital Gains Tax.
She would not go into specific details about what would be in the May 30 Budget but said the Government would look to make some pre-budget announcements before then.
The Budget would continue to show the Government was maintaining a strong focus on the economy and running the books responsibility in the face of slowing global growth, she said.
As well as being prudent economic managers, the Government was going further by tackling long-term challenges and looking to break the cycle of issues like mental health, domestic violence and child poverty, she added.
It was also focusing on the health of the environment and transitioning to a sustainable low emissions economy.
What was signed off was months of wellbeing work for better outcomes, she said.
“It is a new approach to the development of a budget, which is about creating a New Zealand current and future generations can be proud of.”
Talk about “touchy feelzy” crap. What is a “Well being” Budget? Is it all about giving away more taxpayer money to the useless in our society who will not help them selves? I hope not, but given this COL’s track record to date, it’s more than likely.