Foreign Ownership Arguments Flawed
Crafar Farms The Green and Labour policies that will restrict foreign ownership of New Zealand property has been attacked using many flawed arguments . The fact that much of these criticisms are being reported as if they have some substance is appalling. I will try and expose the nonsense behind each: 1) Restricting foreign buyers of New Zealand properties won't solve the problem. This policy is part of a package of solutions, including a capital gains tax and was never considered as the sole solution. It is still an important, however. 2) It's a mad idea that no one would consider doing. Australia has the very same policy and so do many other countries. 3) Restricting foreign ownership is just a xenophobic reaction to asian buyers. This is a total straw man. The Green Party has questioned the sale of land to any foreign interest , whether it be American, German or Asian. "Keeping it Kiwi" is about sovereignty and control, not race or culture. 4