Friday, July 15, 2011

The airport is that way

Labour's proposal to reintroduce a top tax rate and tax capital gains has upset the (self-proclaimed) Mighty Atlases, who are (of course) threatening to flee the country:

Lawyer Casey Plunket, whose personal tax rate would increase from 33 to 39 cents in the dollar under Labour as someone who earns more than $150,000 a year, says it would lead to more high earners heading overseas.


"Such a tax rate would make it more attractive for people to work in Australia," said Mr Plunket, who works for Chapman Tripp. "Most of them will still be paying tax in Australia at higher rates but they will be earning much higher incomes.

"We need every advantage we can over Australia to keep our higher-earning and more-productive people in the country."

But as the Dim-Post points out, what these people are really saying is that they would rather leave the country than pay a single extra cent in tax to rebuild Christchurch. And I'm with him: the airport is that way. Fuck off, and take your toxic ideology of selfishness with you. By your own ideology, someone else will simply step up to fill your economic niche. Its not as if we're short of lawyers and accountants, after all.