Originally Posted by
batgirl1001
Secondly the NZ government would have to reduce income tax otherwise it is just continuing to tax people who earn more or work harder. It is a disincentive for me to work harder knowing I will be taxed more and it may be an incentive for me to move my money and assets (out of NZ) since I am being taxed hard on it causing another capital flight issue here....and with CGT there would be a talent flight issue as well.
Paging Dr. Friedman, paging Dr. Friedman, your economic mythology has made it to NZ.