As soon as the Tax Working Group released an interim report that considers how to implement a capital gains tax in New Zealand, experts were paraded on the mainstream media to say how such a tax would solve all our economic problems.

The report also considers taxing owners for the unpaid work they do on investment property. See

Capital gains taxes in numerous other nations have not solved the problems that are expected to be solved here. All a capital gains tax does is collect another form of tax.

A capital gains tax is shaping up as a key election issue for the next general election.

However, considering the fact that New Zealand’s MMP political system delivers tail-wagging-the-dog political power, a capital gains tax should be put to a referendum.

(This article will be extended shortly)