Labour Continues To Transfer Wealth – Scoop

“ACT has put forward a package that
would solve the underlying problem in housing: the shortage
of urban land. We need new ways to fund and build
infrastructure, new coordination between central and local
government, new rules for consenting land, and new ways of
accessing building materials.

“This is the scale of
response necessary for the scale of the problem. New
Zealanders have been let down by enough gimmicks, like
KiwiBuild that built 1,000 houses in three years. We need
deep, structural reform that will transform the supply of
housing for all New Zealand.

“We’ve
proposed a GST-sharing scheme, removing barriers to
finance for build-to-rent schemes, and introducing a
Public-Private Partnership agency.

“Every Government
says it’ll fix housing. None have, but this Government is
the worst. Faced with one of the biggest crises in a
generation, the Government’s proposed changes to the RMA
risk creating a regulatory nightmare rather than being a
silver bullet for development. The proposal focusses on
central planning and its first priority is to honour the
Treaty. That won’t get things built.

“The
Government should be asking ‘how do we create an
environment for investment and development?’ Instead, this
Government has targeted Mum and Dad landlords and investors
with new housing taxes. By failing to ask the right
question, it has failed to deliver on the very thing New
Zealand needs it to – real change so New Zealanders can
build more homes.

“The fact is we’re simply not
building enough. ACT is the only party that offers real
solutions to the housing
crisis.”

© Scoop Media

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Clearly, no-one should underestimate the political pulling power of a suit offering tax cuts. Last week’s rise of Christopher Luxon and the National Party in the polls is consistent, at least. John Key, Luxon’s mentor, also rode into office on the promise of tax cuts that also turned out to significantly benefit the rich – and we all paid for them afterwards with nine years of rising social deficits, crumbling infrastructure, polluted waterways and a rundown health system that left us totally unprepared for the pandemic. The good old days. Can Christopher Luxon bring them …….

Source: https://www.scoop.co.nz/stories/PA2203/S00105/labour-continues-to-transfer-wealth.htm