Politics 🗳️ NZ Politics

[defensivebomb]

If the wealthy and corporates paid their fair share of taxes instead of hiding income in trusts foreign accounts etc. we wouldn't be discussing this issue

Trust income is taxed at 39%

 

[MaybeTop8]

How many of the 70,000 Kiwis who left this country for Australia over the past year and each year since covid were chasing higher taxes?

Economic opportunity, job prospects and higher wages are what they seek.

The Greens completely out of touch as usual…

OR.....maybe, just maybe, the utterly toxic destructive far right low wage privatisation enrich the wealthy and trash our entire infrastructure to sell it off current far right racist misogynistic homophobic triumvirate of Act, Nz First and National are really that repulsive that New Zealanders don't see a future here.

 

[MrFrankWhite]

Watched a good documentary yesterday called bully coward victim about Roy Cohn. Was fascinating the amount of things he brought that he just didn’t believe he needed to pay for and never did because of his importance and how nobody ever really did much because of his power and the people he was affiliated with. Even looked like a truly evil bastard. The world really is just a playground for the wealthy

Nice, but that doesn't address the question.

 

[Mr. Brownstone]

OR.....maybe, just maybe, the utterly toxic destructive far right low wage privatisation enrich the wealthy and trash our entire infrastructure to sell it off current far right racist misogynistic homophobic triumvirate of Act, Nz First and National are really that repulsive that New Zealanders don't see a future here.

You keep getting ‘far right’ confused with the majority of New Zealand voters. Pretty arrogant on your part.

 

[MaybeTop8]

You keep getting ‘far right’ confused with the majority of New Zealand voters. Pretty arrogant on your part.

I think you've misread, not the first time. Pretty arrogant on your part.

 

[MrFrankWhite]

Maybe is on one today. Usual lefty hate

 

[Noitall]

Nice, but that doesn't address the question.

Crypto is at least one way in recent times that wealth is being transferred without the transparency and money generated into the system

 

[MrFrankWhite]

Crypto is at least one way in recent times that wealth is being transferred without the transparency and money generated into the system

Except theres no barriers to lower socio-economic groups in accessing crypto is there? Just like shares, ETFs and trusts. Is there any stopping "poor" people from using these financial instruments?

Also I said legally for taxation purposes

 

[Rick O’Shay]

Trust income is taxed at 39%

Unless you pay out to beneficiaries or are a māori Authority. Considerable difference in tax rates then.

 

[Noitall]

Except theres no barriers to lower socio-economic groups in accessing crypto is there? Just like shares, ETFs and trusts. Is there any stopping "poor" people from using these financial instruments?

Also I said legally for taxation purposes

You need money to be transferring money or buying shit like meme coins?

 

[MaybeTop8]

Maybe is on one today. Usual lefty hate

I'm centre. None of this left crap.

 

[MrFrankWhite]

I'm centre. None of this left crap.

Bruh you are so far left Bolshevik Marxists have to tell you to reign it in.

 

[MrFrankWhite]

You need money to be transferring money or buying shit like meme coins?

You need money to buy a Lamborghini. Does me not being able to afford it mean there's structural barriers in place?

 

[Mr. Brownstone]

I think you've misread, not the first time. Pretty arrogant on your part.

You’ve thrown a whole lot of shade at our democratically elected coalition government. Are you suggesting that the majority of New Zealanders share far right ideology? I’d say that’s pretty fucking stupid.

 

[MrFrankWhite]

You’ve thrown a whole lot of shade at our democratically elected coalition government. Are you suggesting that the majority of New Zealanders share far right ideology? I’d say that’s pretty fucking stupid.

Its what these Marxists have tried to do and partially succeeded. Shifting the Overton window so far left, that any sort of centralist pragmatism can be labeled far right.

 

[Noitall]

You need money to buy a Lamborghini. Does me not being able to afford it mean there's structural barriers in place?

That’s not a good analogy by any stretch of the imagination, we’re talking about wealth being transferred through crypto without the generation of what goes into the economy. You’ve agreed with me on this at one point

 

[Noitall]

Great way for wealth to be filtered from one to another without having to go through the system and any transparency

This, this and 1000x this.





This is it off the crypto thread. 1000x seems in agreement

 

[MrFrankWhite]

That’s not a good analogy by any stretch of the imagination, we’re talking about wealth being transferred through crypto without the generation of what goes into the economy. You’ve agreed with me on this at one point

Rubbish. You are grasping at straws with things you don't understand. Explain me how to get $10m into crypto and then LEGALLY inherited to a child all while paying zero tax throughout the entire process.

 

[MrFrankWhite]

This, this and 1000x this.





This is it off the crypto thread

Thats not describing not paying tax on it

 

[Noitall]

Rubbish. You are grasping at straws with things you don't understand. Explain me how to get $10m into crypto and then LEGALLY inherited to a child all while paying zero tax throughout the entire process.

Think legally is the point, not sure any of it is. Perhaps we’re differing on the semantics regarding a child inheritance, but there are certainly means of wealth being transferred with crypto being one so that society doesn’t get the help you mentioned through it’s taxation that would be generated through the system legitimately