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"description": "“If you think about the people who’ve become very wealthy in New Zealand, they’ve all started from nothing.”",
"path": "/face-of-the-day-1512/",
"publishedAt": "2026-06-21T18:30:53.000Z",
"site": "https://goodoil.news",
"tags": [
"Seymour",
"Greens policy",
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"textContent": "> ACT leader David Seymour says the Green Party’s newly announced tax policy seeks to take the “dark underbelly of New Zealand’s otherwise happy culture” and make it “official government policy”.\n>\n> The Green Party’s policy includes more than $32 billion of new revenue over four years, driven by a new “super-rich tax” and an inheritance and gifts tax, lifting the corporate tax rate for some and reversing coalition changes to interest deductibility.\n>\n> The Greens are promising that the party’s proposed changes to income tax rates will result in everyone earning under $160,000 receiving a tax cut.\n>\n> Speaking after the policy announcement, Seymour said even inheritance would no longer be “sacred”.\n>\n> “The Green Party are not joking when they say they are going to tax you even after death with an inheritance tax,” he said.\n>\n> “That flies in the face of what most New Zealanders work for through their lives – to leave something for their children to have a better life than they had had.”\n>\n> The Greens policy includes a 33 per cent tax on inheritance or gifts valued above $1 million, although family farms and the family home would be exempt.\n>\n> The person receiving the inheritance or gift would pay the tax and it’s estimated to hit approximately 1100 people a year. It would make $4.1b over four years.\n>\n> At the same time, the party would change income tax by introducing a $10,000 tax-free threshold followed by adjustments to the rest of the tax brackets, with a new 45 per cent threshold for income over $160,000.\n>\n> Seymour claimed the Greens’ policies created a “culture that opposes success” and told people that if they have done well, they are “fair game”.\n>\n> “We actually need more success, more billion-dollar companies, more high-paying jobs, more experts and more people prepared to take a risk.\n>\n> “The real greed is wanting to go to the ballot box and vote to be given other people’s money at their expense.”\n>\n> NZ Herald\n\nRead More",
"title": "Face of the Day",
"updatedAt": "2026-06-21T18:30:53.104Z"
}