Green Party co-leader James Shaw says the Government needs to use the levers it has to stop further over-heating in the housing market.
He said these levers could be taxes on capital gains and wealth.
His comments are either stupid or naive, or both.
Jacinda Ardern has ruled out both a CGT and a wealth tax – permanently. Not just in this term, but for so long as she is Prime Minister.
So calling on something that you have a 0.000% chance of achieving is stupid. Focus on things you can possibly acheive.
So long as the Government and councils artificially restrict land supply for housing and the Reserve Bank is printing money like they were Social Credit on steroids, house prices will keep rising.