Gareth Morgan is worried about the housing bubble still. Quite
apart from the fact that house market prices in every area we
live – South Canterbury, Canterbury, and Marlborough - are lower than building replacement cost, owing in some large part to the regulatory environment, and meaning the bubble is the permanent and continual growth of government, Gareth is now
manically wishing to rush us down the
road to serfdom at pace. No longer, according to Gareth, is a mere capital
gains tax enough, but:
… the tax policies the Labour and
the Greens propose – capital gains tax with exemptions for owner-occupied
housing – are too timid to be our ticket out of this mess. Not a capital gains
tax but a wealth tax which includes owner-occupied housing and is integrated
with income tax would do a far better job of meeting those tenets of good tax
policy.
Thing
is, Gareth, a communist’s good tax policy is a free man’s gulag. And as for a
tax on owner-occupied housing, my single tweet sums up what I think:
A
tax on owner-occupied housing is a rental paid to government. We all become renters, the government our
landlord, freehold would truly have no meaning anymore. This is the land of
renters drawn from the poverty of a rich man’s mind. And no doubt it will be
accepted, ultimately, due to a sickness of philosophy in the West that has been
fatal, with more of the surveillance police state needed to operate it. Stick
to killing cats, Gareth, and please get out of my home, because your latest
policy is a home invasion.