SaltyNZ:
Just like any other tax, it's a trade off for much wider societal benefits that even those who might pay a once-in-a-lifetime inheritance tax bill will enjoy.
Those would be the wider societal benefits that the exploding Crown revenues over recent years haven't been able to shift the dial on, in any meaningful way.
I think the worst part is that despite years of evidence that spending more and more and taxing more and more (by means of not indexing), we'll somehow get to a point where all this clicks into place, when the reality seems to be that Crown revenues grow, NZers pay more and more of their real incomes as a portion of tax and we fail to see any real improvement, let alone inroads in what would be an absolutely massive work program, when we couldn't even get a metre of tramline built for a rapid transit network in our biggest city over the course of six years.
I guess after years of being gaslight over broken election promises and the essentially extinct notion of political accountability, you'd have a hard time convincing me to pay a stack more tax for what will suddenly be a superior outcome - I'm guessing by way of magic or some other supernatural force.