Should New Zealand introduce a capital gains tax… or would it do more harm than good?

In this episode, Ed and Andrew go head-to-head on one of the biggest issues heading into the 2026 election – laying out the strongest arguments for and against a comprehensive CGT. You’ll learn:

The case for a CGT – including whether it could fund lower income taxes
The case against – from reduced investment to the “lock-in effect”
Why New Zealand is an outlier compared to most OECD countries

Main idea? This isn’t a simple yes-or-no policy. A capital gains tax changes behaviour, incentives, and how wealth is created. The real question isn’t just “is it fair?” It’s what kind of economy New Zealand wants to build.

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