The Sisyphean struggle over capital gains tax returns, while Dunedin says we’re not going to take this.

The capital gains tax debate has lurched back onto the agenda thanks to the boss of our biggest bank making a fairness case, prompting scoffs from Christopher Luxon and Nicola Willis, and getting a fresh attention bump thanks to the prime minister’s housing issues and investment decisions. Is it a good idea, and can Labour ever avoid getting electorally squashed by trying to push the rock up the slope again?

In a new episode of our politics podcast, Toby Manhire, Annabelle Lee-Mather and Ben Thomas chew it all over. Plus: did the government underestimate the strength of feeling in Dunedin over its long promised new hospital? Is the swap of a teacher te reo programme for more maths resource a good idea? And a journey through the crust of the Earth in pursuit of the source of Casey Chatbot Costello’s “independent advice” on tobacco taxes.

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