The Greens says its wealth tax policy is a “bottom line” for a Labour-Greens Government.
The party plans to make Kiwis with a net worth greater than $1 million pay one percent of their wealth to the Government as a tax. Those worth more than $2m would pay out 2% of their wealth as tax.
Some have questioned whether the Greens, who have ruled out working with National, actually have any leverage to demand a “bottom line”.
Still, the prospect of a wealth tax could spook the middle classes and it has drawn heavy criticism from the centre right parties, making it a potential election headache for Labour.
Will Jacinda Ardern rule out a wealth tax like she did for a capital gains tax when it became a political hot potato last year?
