Sunday, June 7, 2009

Bain is a pain, National is down, and no capital gains tax please...


David Shearer to romp home in the Mount Albert by-election. You'd think Helen was still in residence.

For what it is worth - the jury got it wrong in the Bain Retrial. How could you get a result such as this after a trial; an unsuccessful appeal to the Appeal Court; an unsuccessful appeal to the Privy Council, and later a successful appeal to have the verdict overturned. There is no proof that Robin Bain did it either! If not David or his father - who? Do we have a double jeopardy provison in NZ law for capital offences considering a precedent was set in the UK a few years ago. NZ follows the Uk in most of its legal provisions.You never know, it may happen here in the next ten years too!

We do not have and should not have a Capital gains tax in NZ. Homebuyers have already paid tax on the money they are using to buy, or have bought homes.

The rot is setting in in National. The only way is...down,down!!

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