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© 2024 The Gisborne Herald
Editorial

A grown-up discussion on tax reform

2 min read

Bruce Plested, billionaire co-founder of Mainfreight, has made headlines with his comments in support of a wealth tax for the richest New Zealanders, albeit under certain conditions. 

Plested supported the idea of a wealth tax to help address concerns about inequities in society. 

The Mainfreight co-founder is among the wealthiest people in the country, according to the 2024 NBR r...

2 comments

commenter avatar
Peter Jones
1
11 September 2024
If you believe in the concept of owning nothing and being happy, by all means institute a capital gains tax. After all, why should your children be the beneficiaries of all your hard work when you can just give your capital gains back to the state and force your descendents into a life of struggle and poverty?
It's a dry argument if your net worth is $1.3 billion but for thousands of ordinary folk the family home is all that they have.

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