Forum Archive Index - February 2002

["DR" <kat47@bigfoot.com>]

Thanx Snoopy for not getting too upset.

Actually there is IMHO a strong case for taxing at a "nominal interest rate" such NZ based assets as bare land and pleasure craft and second personal houses above some threshhold. You know - making assets work etc.

It may be completely unworkable like the FIF regime, but at least the asset would focus the mind of the owner to see if the desire to own it was justified.

Call me any rude name you like but NZ as a country has to get its assets employed better and the move of capital into fewer hands in recent years has encouraged financial SLOTH among some of the beneficiaries. 

D.