I agree that messaging around tax seems to be the problem. 1% wealth tax immediately gets people saying ‘where am I going to find $10K per year on my $1M value house that i bought for $80K in 1982’. As you show, it’s not that brutal, but it takes 3 paragraphs to explain. Paper wealth tax was also a classic technique used to steal Māori land back in the day. Cash rates on tribally owned land that stacked up and forced the sale. Definitely an island or two in the Hauraki lost this way. Is it worth having a chat to some Iwi who’ve experienced this about what happened and what they think of this type of tax? Might lead to discovery of better language to describe what yr trying to pitch so it’s more digestible.
This is so frustratingly good to read - because it just seems so obvious and simple, but feels so unlikely to happen. Saying this as a non-homeowner who increasingly expects never to be able to afford one!
I agree that messaging around tax seems to be the problem. 1% wealth tax immediately gets people saying ‘where am I going to find $10K per year on my $1M value house that i bought for $80K in 1982’. As you show, it’s not that brutal, but it takes 3 paragraphs to explain. Paper wealth tax was also a classic technique used to steal Māori land back in the day. Cash rates on tribally owned land that stacked up and forced the sale. Definitely an island or two in the Hauraki lost this way. Is it worth having a chat to some Iwi who’ve experienced this about what happened and what they think of this type of tax? Might lead to discovery of better language to describe what yr trying to pitch so it’s more digestible.
This is so frustratingly good to read - because it just seems so obvious and simple, but feels so unlikely to happen. Saying this as a non-homeowner who increasingly expects never to be able to afford one!