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Ryan Bridge: What Kiwis think of a CGT · Early Edition with Ryan Bridge

• 0:00
  Speaker 1: A couple of things from this morning's poll on the
• 0:01
  Speaker 1: capital gains tax. Basically, we're evenly split, as many of
• 0:05
  Speaker 1: us are in favor of Labour's plan as are against that.
• 0:07
  Speaker 1: It's about thirty nine percent. Apiece results are interesting though
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  Speaker 1: the details of them so more Aucklanders hate it than
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  Speaker 1: the rest of the country. Forty five percent of jaffers
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  Speaker 1: oppose it, only thirty two percent support it. Now Auckland
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  Speaker 1: holds the keys to the Kingdom electorally, as Labor found out,
• 0:25
  Speaker 1: and that's starting defeat at the polls. Two years ago
• 0:27
  Speaker 1: Auckland lockdowns collapsed their vote, as did the cost of living.
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  Speaker 1: So if you're national, that's where you focus your anti
• 0:35
  Speaker 1: capital gains tax campaign. It's also interesting and the herald
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  Speaker 1: piece on the pole this morning makes this point. In
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  Speaker 1: areas where people are doing well, you know, where house
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  Speaker 1: prices haven't caved, haven't collapsed, there's more support for it
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  Speaker 1: in areas are so less support for in areas that
• 0:52
  Speaker 1: are feeling poor because their house prices have fallen through
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  Speaker 1: the floor, they don't like it so much. So basically
• 0:59
  Speaker 1: you have a squeezed middle voter telling you in Auckland,
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  Speaker 1: probably telling you that they feel too poor to support
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  Speaker 1: another tax, and so you end up with this fight
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  Speaker 1: between people who like the sound of an idea and
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  Speaker 1: people who feel it will threaten their chance of getting
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  Speaker 1: wealthier or growing wealth. And then you've got to ask yourself,
• 1:20
  Speaker 1: will the tax do what it says on the label?
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  Speaker 1: Will it pay for millions of extra doctor visits? You
• 1:24
  Speaker 1: know where? Will these doctors magically appear from? Does the
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  Speaker 1: party that is offering this utopia have a good track
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  Speaker 1: record with delivering on promises, particularly if they tell you
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  Speaker 1: how much but not really how quite important. You could
• 1:42
  Speaker 1: look at this pole and you could think it's a
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  Speaker 1: win for the Capital Gains because it sort of is
• 1:45
  Speaker 1: sort of, but there is plenty of fodder for an
• 1:48
  Speaker 1: anti Capital Gains campaign, which is no doubt being workshopped
• 1:53
  Speaker 1: by some ad agency in gray Lynn for the National Party.
• 1:57
  Speaker 1: As we speak. For more Early edition with Ryan Bridge,
• 2:01
  Speaker 1: listen live to News Talks it Be from five am weekdays,
• 2:05
  Speaker 1: or follow the podcast on iHeartRadio.