puts the options open to a capitalist government in Aotearoa/NZ which would shift investment from speculation in property to productive sectors. He prefers a 0.5% land tax to a wealth tax or Capital Gains Tax. But the Labour Government with a majority of seats has written all such taxes off as unpopular with the interests of the property-owning middle class. But for Marxists, such fiddling with capitalist monetary and fiscal policy does not exhaust solutions to the housing question!
Part 1: The housing crisis is the legacy of white settler colonisation
Finance Minister Robertsonâs timid suggestion to the Reserve Bank to dampen down the rapid rise in housing prices shows that Labour is committed to the neo-liberal dogma that the Reserve Bank must maintain its independence from politics. These proposals exclude anything more radical, such as the policies of the Labour movement in the early 20