Photo: RNZNational Party finance spokesperson Paul Goldsmith has admitted to getting his facts wrong in a media release critical of the Green Party's pledge to transform the welfare system. Goldsmith subsequently put out a release stating that a wealth tax would be "particularly severe". In it, he used the example of a business owner who had a house worth $1 million and a business worth $1m paying "$40,000 a year for the 2% wealth tax". He said that regardless of the blunder, it did not change their opposition to the policy. "It's only going to affect 6% in terms of the wealth tax ... they are not going to be lining up for food with that 1% taken away.

Source: Otago Daily Times June 28, 2020 21:56 UTC