New Zealand’s new housing policy is really just a new tax package — and it’s a shambles
- Written by Norman Gemmell, Chair in Public Finance, Te Herenga Waka — Victoria University of Wellington
GettyImagesEconomists like to talk about “optimal policy instruments” — essentially, policies that achieve their objectives more effectively or efficiently than the alternatives, and have minimal unintended consequences.
Judged by those criteria, the New Zealand government’s recently announced package of housing policy...
