... that setting $1.3 billion on fire would be harmful to the economy and the environment.
The last "king hit" from the Property Council is a report they commissioned NZIER to write, which talked about all the ways in which the tax changes are bad.
The first footnote of this report states:
Our analysis looks at these policy suggestions in isolation and not in the context of potentially offsetting policies.”
As in, it looks at how taking $1.3b out of the economy would be a bad thing, then assumes we throw the $1.3b into a very very large barrel, dose it in petrol and set it on fire (cost of petrol also excluded).
Yes, this would be harmful to the economy. I wholeheartedly agree.
Thank you Property Council, thank you.