Labour is proposing to fund its election bribes with increases in income taxes and the introduction of a capital gains tax.
I calculate that with the top income tax rate at 39%, GST at 15%, capital gains tax at 15%, ACC at around 4%, plus FBT, rates and exorbitant user pays charges for every government service, I will be paying well in excess of 50 cents in every dollar I earn to the government.
As a self-employed businessman and a member of the 17% of households who pay 97% of the income taxes in this country, I think I pay far too much tax already.
I refuse to pay any more. I will leave New Zealand or stop working altogether rather than hand over more than half of my income to the government. And I think I speak for many of the 17% of New Zealanders who already pay for everything.
So who is going to pay for these Labour Party bribes once those of us in the 17% shrug off the burden of supporting the other 83%? No one.
Think about it, Labour Party voters.