Labour may have to find another way to fund some of its policies. 

The party plans to use a Capital Gains Tax to pay for its health policies, and its costings assume 3% house price growth.  

However, Treasury has forecast just 0.6% growth in 2027, and 2.4% in 2028. 

Infometrics Principal Economist Brad Olsen told Mike Hosking this is a policy that's based on using its revenue to directly pay for other things – like free GP visits. 

He says if you don't get as much of the tax take at the start, you either have to find extra money to fund your promises, or you can't do them. 

LISTEN ABOVE 

Labour may have to find another way to fund some of its policies.&nbsp;
The party plans to use a Capital Gains Tax to pay for its health policies, and its costings assume 3% house price growth. &nbsp;
However, Treasury has forecast just 0.6% growth in 2027, and 2.4% in 2028.&nbsp;
Infometrics Principal Economist Brad Olsen told Mike Hosking this is a policy that's based on using its revenue to directly pay for other things – like free GP visits.&nbsp;
He says if you don't get as much of the tax take at the start, you either have to find extra money to fund your promises, or you can't do them.&nbsp;
LISTEN ABOVE&nbsp;

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more.

The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Brad Olsen: Infometrics Principal Economist on the funding of Labour's Capital Gains Tax after PREFU

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/4d54a7b0-bfe0-4327-ad31-b4d5016c96a3/transcript

You may have noticed an element of concern, if not alarm, over the number of young people who are not enrolled in the election. 

In the 18-24 age group there are just 61% enrolled. Last time it was 77%. 

The Greens in particular have been running campaigns about this for obvious reasons. 

The trouble is their campaigns are on university campuses where the bright and active hang out, not, I suspect, where those who aren't enrolled hang out. 

There was also a conspiracy floated momentarily when Chris Luxon last ran into his leadership trouble. Just before the caucus vote there was a lot of angst over the plot, for that’s how they saw it, to overthrow Luxon and then call a snap election and the snap would leave thousands of young people un-enrolled. 

That conspiracy fell apart when, oh that's right, no such thing happened. 

There has also been the finger pointing over the enrolment rule changes and even though we still have well over three weeks to go its still, according to the aggrieved, not fair. 

Anyway, none of it is new. Young people have always been hopeless at enrolling and actually voting. 

It is sad but true, and as far as we can see nothing is changing this time. In fact it's getting worse. 

The important bit is how that plays out. It's entirely possible that the Greens, once again, are going to enhance their reputation as a party who polls well but doesn’t turn out the vote. 

While we're on polling, the immigrant vote will tell a story not really seen in polling either. 

Language is an issue and increasingly this country is a country of migrants, especially in Auckland. The migrant population is not well polled. 

How they vote, which is broadly conservative, might well swing the election in a way, that if you didn’t know that, would surprise you. 

Migrants work hard, strive for better and chase a dream. That’s a centre-right view of the world. Watch this space. 

But key advice – before Chlöe measures the curtains on the Finance Minister's office, she might want to drum up a few more Gen Z-ers to pull their finger out. 

You may have noticed an element of concern, if not alarm, over the number of young people who are not enrolled in the election.&nbsp;
In the 18-24 age group there are just 61% enrolled. Last time it was 77%.&nbsp;
The Greens in particular have been running campaigns about this for obvious reasons.&nbsp;
The trouble is their campaigns are on university campuses where the bright and active hang out, not, I suspect, where those who aren't enrolled hang out.&nbsp;
There was also a conspiracy floated momentarily when Chris Luxon last ran into his leadership trouble. Just before the caucus vote there was a lot of angst over the plot, for that’s how they saw it, to overthrow Luxon and then call a snap election and the snap would leave thousands of young people un-enrolled.&nbsp;
That conspiracy fell apart when, oh that's right, no such thing happened.&nbsp;
There has also been the finger pointing over the enrolment rule changes and even though we still have well over three weeks to go its still, according to the aggrieved, not fair.&nbsp;
Anyway, none of it is new. Young people have always been hopeless at enrolling and actually voting.&nbsp;
It is sad but true, and as far as we can see nothing is changing this time. In fact it's getting worse.&nbsp;
The important bit is how that plays out. It's entirely possible that the Greens, once again, are going to enhance their reputation as a party who polls well but doesn’t turn out the vote.&nbsp;
While we're on polling, the immigrant vote will tell a story not really seen in polling either.&nbsp;
Language is an issue and increasingly this country is a country of migrants, especially in Auckland. The migrant population is not well polled.&nbsp;
How they vote, which is broadly conservative, might well swing the election in a way, that if you didn’t know that, would surprise you.&nbsp;
Migrants work hard, strive for better and chase a dream. That’s a centre-right view of the world. Watch this space.&nbsp;
But key advice – before Chlöe measures the curtains on the Finance Minister's office, she might want to drum up a few more Gen Z-ers to pull their finger out.&nbsp;

Mike's Minute: Youth enrolment in the election is shocking

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/b4e6cfa3-df93-4aa6-880a-b4d5016fbfac/transcript

The All Blacks coach is reflecting on their performance against South Africa ahead of the Bledisloe Cup and later this year, the World Cup. 

The Springboks claimed a 3-1 victory in the Rugby's Greatest Rivalry Tour, but Dave Rennie says the experience has left the team in a much better place.  

He told Mike Hosking they're disappointed with the result, but committed to the way they're trying to play. 

"When we get that right, we're a real handful." 

He says they just have to be better and more accurate where it counts.  

LISTEN ABOVE 

The All Blacks coach is reflecting on their performance against South Africa ahead of the Bledisloe Cup and later this year, the World Cup.&nbsp;
The Springboks claimed a 3-1 victory in the Rugby's Greatest Rivalry Tour, but Dave Rennie says the experience has left the team in a much better place. &nbsp;
He told Mike Hosking they're disappointed with the result, but committed to the way they're trying to play.&nbsp;
"When we get that right, we're a real handful."&nbsp;
He says they just have to be better and more accurate where it counts. &nbsp;
LISTEN ABOVE&nbsp;

Dave Rennie: All Blacks Head Coach on the South Africa tour, Bledisloe Cup, NZ Rugby funding

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/15b6f4ca-1b95-4a83-847a-b4d50157bff0/transcript

On the Mike Hosking Breakfast Full Show Podcast for Thursday 1st of October, we look into the record amount of emergency department visits in the last year. 

Dame Valerie Adams remembers the life of her friend and former ZB host Phil Gifford. 

All Blacks coach Dave Rennie gives us his review of the season at the midway point, with the Bledisloe tests looming. 

Get the Mike Hosking Breakfast Full Show Podcast every weekday morning on iHeartRadio, or wherever you get your podcasts. 

LISTEN ABOVE 

On the Mike Hosking Breakfast Full Show Podcast for Thursday 1st of October, we look into the <a href="https://www.newstalkzb.co.nz/on-air/mike-hosking-breakfast/audio/john-bonning-waikato-hospital-emergency-medicine-specialist-on-the-report-revealing-the-surge-in-emergency-department-admissions-growing-pressures/">record amount of emergency department visits</a> in the last year.&nbsp;
<a href="https://www.newstalkzb.co.nz/on-air/mike-hosking-breakfast/audio/dame-valerie-adams-olympic-great-pays-tribute-to-the-late-phil-gifford/">Dame Valerie Adams</a> remembers the life of her friend and former ZB host Phil Gifford.&nbsp;
<a href="https://www.newstalkzb.co.nz/on-air/mike-hosking-breakfast/audio/dave-rennie-all-blacks-head-coach-on-the-south-africa-tour-bledisloe-cup-nz-rugby-funding/">All Blacks coach Dave Rennie</a> gives us his review of the season at the midway point, with the Bledisloe tests looming.&nbsp;
Get the Mike Hosking Breakfast Full Show Podcast every weekday morning on iHeartRadio, or wherever you get your podcasts.&nbsp;
LISTEN ABOVE&nbsp;

Full Show Podcast: 01 October 2026 

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/87c53b5d-fa0c-4729-9ef5-b4d5014cf072/transcript

Brad Olsen: Infometrics Principal Economist on the funding of Labour's Capital Gains Tax after PREFU

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