The Dim-Post

January 30, 2010

Quote o’ the day, here we go edition

Filed under: economics,Politics — danylmc @ 5:35 am

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.)


  1. Would the Nats have the numbers to introduce a land tax? ACT would have to oppose or face an sound thrashing in Epsom next time around and its members all going Gault. The Maori Party would need to exempt Maori land, and give Labour a big stick to hit them with. The MP would have to oppose as it would hurt the Maori battlers in our suburbs who are already disenfranchised from the MP iwi based hierarchy.

    Finally it would well and truly piss off the Nats base by effectively doubling the rates on their properties and dampening values of properties,rents, equity and borrowing levels. Could bring on open rebellion in the Nats.

    It would be the single biggest gift to Labour.

    Real estate companies are probably the single largest source of ad revenue for newspapers

    I would go one step further and say that the weekend papers would not exist without the ‘House porn’ and Real Estate company press release fodder. I can’t find it, the SST gets a bump up in sales if it has a real estate article on the front page above the fold.

    This whole debate is beginning to look like a softening up process for something far less contentious, so president Key can look nice.

    Comment by andy (the other one) — January 30, 2010 @ 7:40 am

  2. EDIT:

    Maori battlers in our outer suburbs.

    Comment by andy (the other one) — January 30, 2010 @ 7:42 am

  3. ..I would imagine the farmers would be blockading the country’s highways with their tractors if the government implemented a land tax…

    Comment by millsy — January 30, 2010 @ 7:59 am

  4. It’d be fun if all real estate agents went Galt (which, given that’s where people who are still Randists at 17 end up, should happen). Good God, the world would end.

    Comment by Guy Smiley — January 30, 2010 @ 9:24 am

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