'The big rip-off ends here': Greens release tax plan to tackle 'cost of greed c…

'The big rip-off ends here': Greens release tax plan to tackle 'cost of greed crisis' | Stuff.co.nz <!--mynz:youtube-chapters--> {"v":1,"chapters":[{"timeSeconds":1,"label":"Greens Release Tax Plan","summary":"The Green Party has launched their election year tax plan, stating that it will end the 'cost of greed crisis'."},{"timeSeconds":7,"label":"Tax Cuts for Most Kiwis","summary":"The plan proposes a tax cut of between $4 and $27 per week for 96% of New Zealanders."},{"timeSeconds":13,"label":"Wealth Tax Proposal","summary":"Higher earners would face a new wealth tax rate of 45% on earnings above $160,000."},{"timeSeconds":20,"label":"Annual Tax on Net Assets","summary":"A 2.5% annual tax on net assets over $10 million is also proposed, excluding family homes."},{"timeSeconds":30,"label":"Impact on Businesses and Landlords","summary":"The plan suggests that large companies, big box retailers, and landlords may face increased taxes."},{"timeSeconds":37,"label":"Projected Revenue","summary":"The Greens estimate their tax plan would generate $5 billion annually, with co-leader Chlöe Swarbrick discussing the details."},{"timeSeconds":46,"label":"Addressing Cost of Living","summary":"The plan aims to rebalance the tax system to invest in essential services like childcare, public housing, and transport."},{"timeSeconds":128,"label":"Debate on Tax Thresholds","summary":"The discussion touches on whether the $160,000 threshold for higher taxes is too low, with Swarbrick emphasizing the need to draw lines and invest in public services."}]} <!--/mynz:youtube-chapters-->