Politician of the week – Russel Norman

You know you have won the argument when the far left are on your side.

The Greens are advocating a capital gains tax, excluding the family home, because we think that’s an essential component of the tax system which is present in just about every developed country apart from New Zealand”, he told Newstalk ZB.

“(It) would make a significant impact in fixing up the governments books.”

Mr Norman says a capital gains tax would bring in over four billion dollars a year, enough to make a significant reduction to debt, and is also advocating capping government borrowing.

By telling that he wants to reduce debt and cap borrowing not piss away other peoples money on halfwitted projects like climate change promotion Russel Norman is showing that more fiscally conservative than Bill English who never talks about debt reduction or capping government borrowing. He just watches and commentates.

Russel Norman wins Politician of the Week.

Meanwhile in other news Phil Goff continues to just make shit up, this time pulling numbers out of his arse.

“Phil Goff is completely misleading the New Zealand public,” Key said today. “It is simply not affordable unless the top personal tax rate is raised to at least 60 cents in the dollar.

Goff countered Key with: “That’s a curious accusation because this government is borrowing $200 billion a year to pay for its tax cuts.

Uhmmm no they aren’t Phil. They are borrowing about $16 billion per annum, mostly to fund Labour’s election bribes from previous years like Working for Families and Interest free student loans.

Even if they were borrowing that amount, Labour’s prescription is to actually borrow more. Phil Goff shows in that single sentence just exactly why he is a fiscal fool.

Now if you look at Phil Goff’s pronouncements that include spending way more money than National and Russel Norman’s statement on fiscal rectitude you have to wonder if Phil Goff has got ANY coalition partners to work with except the long shot that Winston makes it back.

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