Labour desperate to tax us more

The Herald reports:

Labour leader Chris Hipkins said the party’s tax policy is still a live discussion after the Labour Party social media account shared an account of a party meeting where former Revenue Minister David Parker allegedly discussed something called a Capital Income Tax.

Hipkins confirmed members were discussing a range of taxes,

“There’s a lot of conversation within the Labour Party at the moment around different forms of taxation: capital gains tax, wealth tax, combinations of the two, land taxes,” Hipkins said.

So many taxes they want to do.

The reality is that the tax take massively increased under Labour. In 2017 tax revenue was $76 billion and in 2023/24 it had risen to $119 billion.

We don’t need more taxes. What we need is a faster growing economy.

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