So, faced with a campaign of fear, uncertainty and doubt from National, Labour has backed away from any plans to introduce a capital gains tax if elected, and instead punted such decisions until 2020:
Labour will wait until a second term before any tax changes from their working group will be introduced.
It made the u-turn after sustained attacks from the National Party over the vagueness of its tax plans.
Other than their already announced polices - such as cancelling National's planned tax cuts, extending the bright line test to five years, and introducing water and tourist levies - no new taxes or changes will kick in before the next election, Labour said on Thursday.
Its Labour in a nutshell. Promise change, do nothing to make it happen. Talk big about benefitting the many, not the few, then promise to preserve the status quo. And by doing so, rob themselves of any ability to actually effect meaningful change.
And this is why I can never support Labour: they have no courage of their convictions, and stand for nothing beyond their own Ministerial salaries. All they offer is the same old shit, with a different bunch of arseholes at the top. As someone who thinks the status quo is rotten to the core, why would I vote for someone who promises not to fix it?
