The lede in this Herald ‘story’:
Aucklanders would be hammered by a proposed land tax, with households facing an annual bill running into thousands of dollars.
According to conservative estimates, owners of the region’s 443,200 homes alone would have to give the Treasury an extra $443 million if they were subject to a 0.5 per cent levy.
Reminded me of this famous quote from Marx:
The Tories in England had long imagined that they were enthusiastic about the monarchy, the church and beauties of the old English Constitution, until the day of danger wrung from them the confession that they are enthusiastic only about rent.
And this famous quote from Ghostbusters:
Dr. Peter Venkman: This city is headed for a disaster of biblical proportions.
Mayor: What do you mean, “biblical”?
Dr Ray Stantz: What he means is Old Testament, Mr. Mayor, real wrath of God type stuff.
Dr. Peter Venkman: Exactly.
Dr Ray Stantz: Fire and brimstone coming down from the skies! Rivers and seas boiling!
Dr. Egon Spengler: Forty years of darkness! Earthquakes, volcanoes…
Winston Zeddemore: The dead rising from the grave!
Dr. Peter Venkman: Human sacrifice, dogs and cats living together… mass hysteria!
Real estate companies are probably the single largest source of ad revenue for newspapers, and estate agents own huge property portfolios so I think we’ll see a lot more of this.
(I don’t think the Nats will actually introduce a Land Tax: English seems like a Burke style conservative, happier tinkering with and improving existing systems and institutions rather than tearing them down or building new ones.)