A New Zealand businessman says the Greens’ proposed wealth tax would “damage” the future of New Zealand.

The Green Party has proposed a 2.5% tax of net assets above $10 million.

Eric Faesenkloet, founder and chairperson of Golf Warehouse wrote an open letter to the Green Party, condemning their proposed tax. 

Faesenkloet joined Heather du Plessis-Allan to discuss his position, and why he decided to write the letter.

LISTEN ABOVE

A New Zealand businessman says the Greens’ proposed wealth tax would “damage” the future of New Zealand.
The Green Party has proposed a 2.5% tax of net assets above $10 million.
Eric Faesenkloet, founder and chairperson of Golf Warehouse wrote an open letter to the Green Party, condemning their proposed tax.&nbsp;
Faesenkloet joined Heather du Plessis-Allan to discuss his position, and why he decided to write the letter.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Eric Faesenkloet: Golf Warehouse Chairman says he'll pack up shop if Greens introduce wealth tax

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/6a5de256-0f77-498e-abe3-b4fa005ca5f1/transcript