Capital Gains Tax Will NOT Lower House Prices (here's why)

Labour recently announced a 28% capital gains tax on rentals, batches and commercial properties. Politicians say it'll make housing affordable, but the data says otherwise.

Luke and Mikey break down why this won't work: no country has ever lowered house prices with property taxes, wealthy people will just borrow against assets instead of selling, and the revenue projections are fantasy. To get $965 million in year three, they need $3.4 billion in property gains - in this economy?

New Zealand is taxed up to your eyeballs. Everything you touch has a tax, levy, or fee.

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