Gareth Morgan sells to Kiwibank

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.


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As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story. When he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet. Cam Slater doesn’t do quiet and, as a result, he is a polarising, controversial but highly effective journalist who takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him, you can’t ignore him.

To read Cam’s previous articles click on his name in blue.

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