nz's economic future

Yes, they are def doing the soft PR for a new tax policy.
Absolute joke. One key fact missing, how much tax everyone pays.

They are only focusing on tax rates. Was it 10% for the 300 richest NZ'ers, compared to 20% for the average? Noting that about 40% of NZ don't pay tax. (Oh, they didn't mention that bit, looking at super and beneficiaries, and accounting for working for families and all the other range of subsidies you can only access if you are non-productive)

But if the top 300 earn 20 times as much, they are paying 10 times as much tax each. That is $200k each, compared to about $20k for the average. So if someone is paying 10 times more tax each, don't you think you should be nice to them? They are pulling more than their fair share of weight when it comes to funding what they use across the community.

typical nz labour bait'n'switch

the report focuses on the 311 richest families

but labour will use it to try and bring in extra taxes on 31,000? families

in their myth that personal problems can be solved by government

Borrowed from the other thread, Love to see Chloe collect a wealth tax from this lot, poor underprivileged lot that they are. 

A TDB Advisory report that assessed the 2022 wealth of the country’s largest Maori businesses puts Ngai Tahu at the top of the iwi rich list with a value of $2.3 billion. Tainui comes a close second with $2 billion. So, when Tuku Morgan speaks out, it’s on behalf of a multi-billion-dollar business development corporation – one of the richest private business operations in the country.

Third on the rich list is Auckland’s Ngati Whatua, which is worth $1.7 billion, followed by Ngati Toa on $811 million. Tuhoe, the iwi involved in the disastrous co-governance of the former Urewera National Park is worth $441 million. Then there’s Ngati Porou on $280 million, Ruakawa on $228 million, and Ngati Awa, the iwi that’s trying to stop the water bottling company, on $174 million. Ngati Pahauwera is worth $113 million, and the northern iwi Ngapuhi, which hasn’t yet negotiated their treaty settlement, is worth $86 million.

"Road Closure: SH 1 Warkworth to Wellsford



Flooding

Due to flooding and slips SH1 through the Dome Valley is now closed. Delay your journey or consider alternative routes.



Detour route



Southbound traffic use SH16, West Coast Rd, Woodcocks Rd. Heavy vehicles, including HPMV, must only use SH16, SH1.



Start



9 May 2023 11:53am

followed by


"Road Closure: SH 16 Kaukapakapa, near Moses Rd



Flooding

Due to flooding, this section of SH16 is closed. Avoid the area or delay your journey if possible.



Detour route



No detour available. Avoid this area or delay your journey.

Start       9 May 2023 12:25pm"

So no trucks to Northland again, Brynderwyns is closed too.

We do not have a cost-of-living crisis because the fall in our living standards is not a temporary condition.

As recently as the early 1990s, New Zealand, Australia and Singapore had a similar average income. Based in US dollars, we are now at $49,000 per capita in income, compared to $60,000 for those living across the Tasman and $72,000 for the island state.

Long-term trends matter and we are now falling not only in relative terms, but in absolute ones.

How did this happen?

When there is a recession or some other economic disturbance .... Our central government borrows or prints cash and this is distributed to those considered to be needy.

We do not give any attention to the supply-side of our economy: those who make things that the rest of the world wants to buy.

In truth, we do the reverse. We place layers of restrictions on our productive economy, from the Resource Management Act and the Overseas Investment Act to the increasing complexity of our anti-money-laundering processes.

All of these things make doing business more expensive and, consequently, we do less of it.

In the last five years we have also seen the dramatic expansion of the state, with thousands of people pulled into the public service.

We are buying more from the rest of the world than they are buying from us, and we are paying for the shortfall by selling assets and racking up debt.
This isn’t necessarily a problem if we are using this inflow of capital to build capacity to increase future earnings but, we are not doing that.

We are using our current account deficit just like we are using the unconstrained fiscal deficit, to maintain our lifestyle long after our ability to pay for that lifestyle has ended.

www.stuff.co.nz/opinion/132022958/damien-grant-we-arent-in-a-cost-of-living-crisis-were-just-poor

eerily reminiscent of nz in the 70s

and when the party ended, with the 3rd labour gov. beating muldoon and discovered the cupboards were empty and the bills stacking up

we had a decade? of pain

more and more it seems to me that if ACT aren't allowed to set the conditions for increased productivity   

my family, and family finances, will fare better overseas  

sad, but we'll still be able to visit