Good on old Gareth Morgan who has sold out his KiwiSaver fund to KiwiBank. Here’s hoping it was nice and lucrative for him so he can continue to fund the funerals of homeless people, and provide fattened penguins to South Seas orcas.
That’s tongue in cheek. It is nice to see anyone get rich, or richer.
But since Gareth Morgan has been calling for a capital gains tax, I invite him to do as he preaches, and pay some of his capital gain for his business back to the government. IRD helpfully has an online provision for this.
After all, as Gareth lectured us in the Herald in July of this year:
“The principle of taxation is that those with the greatest ability to pay tax should shoulder the greatest burden and those with the least should be the greatest beneficiaries of State redistribution.”
Get on with it Gareth. Lead by example. Pay out 28% of your capital gain on GMI to the state.
Cheers, and thanks again for your generosity. First penguins, then Blanketmen, then this selfless act of self-taxation. Homeless people and desperate penguins are counting on you.