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An economist claims that the Green wealth tax will affect more Kiwis than the Party thinks.
The Greens say the tax, which has become a hot topic in the last week of the elections, would only affect the richest six percent of the population.
However, New Zealand Initiative economist Eric Crampton told Heather du Plessis-Allan that the true figure is closer to 20%.
He says that at this time, about 20 percent of retirees would be subject to it.
And he hopes that future generations will also accumulate wealth throughout their lives, reaching a peak after retirement.
“We have to think not only about who is currently subject to wealth tax, but also who we can expect to be subject to wealth tax.”
It comes as Green Party co-leader James Shaw said today that the National Party was lying about the Greens’ wealth tax, but at least people were talking about politics.
He dismissed suggestions by Jacinda Ardern on Monday that the policy would not even reach any negotiating table between Labor and Greens.
“It doesn’t depend on her,” Shaw said. “It takes two to tango. We are going to bring it to the table.”
But he rejected National’s Judith Collins claims that it meant Labor was going to accept it.
“Obviously they are lying about it to try and create fear, but they are also talking about it, so it tends to attract people interested in fixing the tax system to us. It’s not a bad thing on one level,” Shaw. he told the Herald.
