mudguard:

 

I think the thing is, there isn't really a shortage or issue with Ferrari's, art or stocks. No one really needs those. But we all need a place to live. That's probably why it's looked at so closely. 

 

Obviously this is a thorny issue. Who do you penalise? Currently it's whichever Gen is coming next. As for the farm example, maybe if capital gains is brought in, draw a line and say it will be at the CV as of the 1st of December 2023 or whatever and charge the 39% after that. 

 

I heard and interesting example of how the Queenstown Lakes District is treating some of the big farms around the area. Currently with zoning type, a lot of those ye olde high country farms are essentially worthless. Over run with rabbits, can't grow much or graze etc. But the interest the council rezones it to permit a subdivision, it's worth mega bucks. So the council gets something like 5% of the land, or it's value, for affordable housing. 

 

Which I thought was pretty cool. I mean the council represents the community really, and if one pen stroke is going to make you a millionaire, then you get to give back to the community. 

 

In all seriousness, what is your suggestion to resolve the housing crisis, which appears to be landlord caused. I'm not taking the p1ss, just asking a serious question as the theme here the last few days is landlords are evil by causing housing issues by being greedy.