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# Face of the Day
- URL: https://goodoil.news/face-of-the-day-1512/
- Published: 2026-06-21T18:30:53.000Z
- Updated: 2026-06-21T18:30:52.000Z
- Description: “If you think about the people who’ve become very wealthy in New Zealand, they’ve all started from nothing.”
- Author: Good Oil Staff
- Tags: Face of the Day

> ACT leader David Seymour says the Green Party’s newly announced tax policy seeks to take the “dark underbelly of New Zealand’s otherwise happy culture” and make it “official government policy”.  
>  
> The Green Party’s policy includes more than $32 billion of new revenue over four years, driven by a new “super-rich tax” and an inheritance and gifts tax, lifting the corporate tax rate for some and reversing coalition changes to interest deductibility.  
>  
> The Greens are promising that the party’s proposed changes to income tax rates will result in everyone earning under $160,000 receiving a tax cut.  
>  
> Speaking after the policy announcement, [Seymour](https://www.nzherald.co.nz/nz/politics/david-seymour-responds-to-national-and-green-party-announcements/CMK5GBFYIVSWUX7JWSIJJN6UUM/?ref=goodoil.news) said even inheritance would no longer be “sacred”.  
>  
> “The Green Party are not joking when they say they are going to tax you even after death with an inheritance tax,” he said.  
>  
> “That flies in the face of what most New Zealanders work for through their lives – to leave something for their children to have a better life than they had had.”  
>  
> The [Greens policy](https://www.nzherald.co.nz/nz/politics/election-2026-greens-tax-plan-released-online-early-sees-party-dramatically-rein-in-ambitions/Q2KBEETURNB3TOC6MRS5K3GMXM/?ref=goodoil.news) includes a 33 per cent tax on inheritance or gifts valued above $1 million, although family farms and the family home would be exempt.  
>  
> The person receiving the inheritance or gift would pay the tax and it’s estimated to hit approximately 1100 people a year. It would make $4.1b over four years.  
>  
> At the same time, the party would change income tax by introducing a $10,000 tax-free threshold followed by adjustments to the rest of the tax brackets, with a new 45 per cent threshold for income over $160,000.  
>  
> Seymour claimed the Greens’ policies created a “culture that opposes success” and told people that if they have done well, they are “fair game”.  
>  
> “We actually need more success, more billion-dollar companies, more high-paying jobs, more experts and more people prepared to take a risk.  
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> “The real greed is wanting to go to the ballot box and vote to be given other people’s money at their expense.”  
>  
> [NZ Herald](https://www.nzherald.co.nz/nz/politics/election-2026-david-seymour-attacks-green-partys-new-inheritance-income-tax-plan/ZGZLYRLKOBFG7EAB7SYIC4WZHE/?ref=goodoil.news)

[Read More](https://www.nzherald.co.nz/nz/politics/election-2026-david-seymour-attacks-green-partys-new-inheritance-income-tax-plan/ZGZLYRLKOBFG7EAB7SYIC4WZHE/?ref=goodoil.news)