Tuesday, January 28, 2014

Found it, pinched it, spent it

Dim Post joins the Press Gallery in a Greek Chorus of asking Cunliffe how he's going to fund his new child policy. I hope this just for the sake of theatre, because I'm pretty sure the money is coming from the new progressive tax on incomes over $150,000 Labour wants to introduce, or a new capital gains tax. Both will contain enough loopholes to keep accountants salivating in anticipation.

Between Labour and National policies, you'd have imagined that the 1980s and 1990s never happened, and we've slid back into the 1970s through some wormhole. Goodbye Tomorrow's Schools, hello Incentivised Super Teachers. Goodbye clean low-churn tax system, hello horribly complicated bribe scheme. I hope the ageing IRD mainframe doesn't have a meltdown.