The Greens& #39; proposed wealth tax would catch WAY more than 6% of Kiwis.

Over 20% aged 66-69 have over $1m in net wealth. Somewhere between a fifth and a quarter of Kiwis should expect to be liable, if the thresholds adjust with inflation.

https://www.newsroom.co.nz/pro/the-first-casualty-of-tax-squabbles">https://www.newsroom.co.nz/pro/the-f...

The numbers are from a customized data pull from StatsNZ.

The raw stats and their caveats (there will be wide confidence intervals in small breakdowns from HES) are all here. https://drive.google.com/file/d/1mTNhcym5skuOqP1TjJQRYsNcZQHSA-Dw/view?usp=sharing">https://drive.google.com/file/d/1m...

The point here is that wealth has a life cycle. A tax that won& #39;t affect you when you& #39;re 30 could have a good chance of catching you when you& #39;re 67.

Like, if I proposed cutting NZ Super in half and claimed it only affected a small proportion of NZ, you& #39;d see the problem right?