Taxes are like Acorns

Cactus Kate asked me to grab this video for her on capital gains tax.

Richard Prebble was at Backbenchers on Wednesday and showed up the crippled campaign manager even though he wasn’t in the panel. They asked him about Hone and the oath and Prebs delivered and then later they asked him about capital gains tax and Prebs showed he has still got it.

“If you could tax your way to prosperity the Soviet Union would have won the Cold War” and;

“Taxes are like acorns… they grow..when the Labour party brought GST in it was 10% and it was never going to be increased and it’s now 15%” and;

“When income tax was introduced all the politicians said it was only going to be on the wealthy and of course now it’s on all of us”.

Rounded off with the grand finale:

“You have Capital Gains tax and it will be on your family home, I’m telling you”.


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  • titanuranus

    Since their CGT is showing signs of failing and not pulling the punters like they seemed to think it would ,perhaps the labour party could think about introducing a Window Tax, I mean, daylight robbery IS what they are famous for.
    I daresay ,apart from the carbon tax, they are spewing that they can`t find a way to tax the air that we breathe.

  • mattyman

    Don’t you wish we had more blokes like him in parliament? What a champion, I’d love to see him back in the house.

  • kehua

    mattyman– Prebs was useless then and he sure hasn`t changed now.