Hammering workers rather than the rich
Hidesight: The working group celebrates the rich having to pay more, seemingly completely unaware of the difference between the legal and economic incidence of a capital gains tax.
Sir Michael Cullen's “Future of Tax” Working Group should properly be renamed the “Tax the Rich Pricks” Working Group.
That's its purpose. That's its intent. That's its design.
Of course, intent and purpose are one thing; effect quite another. Taxing capital gains would hammer
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