New Zealand elections 2020: National gets the numbers wrong in the wealth tax attack



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Judith Collins ran into some glitches and some messaging issues when declaring a new day on the calendar: “Stop wealth tax day.”

The Greens have proposed a wealth tax, which would be a 1 percent tax paid annually on any amount over $ 1 million.

“Why bother saving? Why bother paying mortgages? Why bother doing something? Why bother trying to leave things for your kids if someone is actually coming to get you?” Collins told Newshub.

National is eager to try anything to gain ground in the last week, but his numbers were wrong and he is being accused of misleading the public.

He put up an ad saying that an average retired couple with $ 1.75 million between their home and retirement savings would be charged $ 140 per week.

But that’s wrong. The wealth tax applies to individuals and is only $ 2 million per couple; that average couple wouldn’t pay a penny.

A National spokesperson told Newshub that there was an error in the graph and that it was quickly identified, removed and corrected and a new correct version is in place.

National has become larger than life in the campaign against taxes. They’ve put out a lot of digital real estate – they pasted their ‘stop wealth tax’ message across the country on billboards and spread it out in one of Auckland’s wealthiest suburbs in the Takapuna markets.

Labor has time and again ruled out implementing it. But Collins insists it could happen.

“We’ve seen them give in to the Greens before and they will give in again,” Collins told Newshub.

“I consider this the latest roll of the misinformation dice,” Ardern said. “Any suggestion to follow the plans of other parties is malicious and wrong.”

“It’s just another case of using misinformation to scare older people who don’t need any more fear right now to tell them the truth,” added Green Party co-leader James Shaw.

Collins insists she is being honest with voters.

“Absolutely, absolutely, and I’m saying this: Labor wants to tax,” he told Newshub.

Fiscal attacks on Labor have worked before, but Labor has left question marks about fiscal policy in the past.

In this election they have said that the only new tax they will introduce is their category of additional income tax.

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