NZPIF Opposes Capital Gains Tax in New Zealand (2)
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NZPIF Opposes Capital Gains Tax in New Zealand (1)by itamer300 views- 2:08
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@CybershulDotCom Gotta be better than the other socially acceptable investments that saw my mother donate hundreds of thousands to Bridgecorp and the likes. If you make a capital gain from shares then that should be included in the equation. Dividends are income, share trading is "capital" disguised as income and after the initial float share trading does nothing to support the original company.
We can argue for hours, I'm not here to change your mind, & I'm not sure you want yours changed.
itamer 3 months ago
@itamer Whatever way you spin it, there is no other "business" where some moron can turn up to a financier (bank, credit union etc), and borrow $300k =/- for a projected revenue of $18,200 p/a before expenses. This is *not* a valid business nor an investment unless the greedy sod is expecting to make profit somewhere else in the equation and that is why they (and many politicians who are also in on this racket) oppose paying their share of tax.
CybershulDotCom 3 months ago
@CybershulDotCom The only people I hear bragging about it are the people trying to sell investment properties or seminars. Two notable examples are currently in the news after the banks foreclosed. Sensible investors don't boast and don't go under.
Oh, and I gather you've always lived in your own home? Never found it more convenient to rent? I know I certainly did when I was younger and so I'm grateful to those investors who were able to provide me with a home.
itamer 3 months ago
Of course they do. The number of times I have heard "residential property speculators" boast of their tax free cash - I have lost count. The quicker these sods are massively penalised for their despicable choices in "business" and their apparent unwillingness to contribute their fair share to the country... the better things will be for all.
CybershulDotCom 3 months ago