Economically incompetent ACE cuts

35 comments on “Economically incompetent ACE cuts ”

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1. SD 1

   13 February 2010 at 1:18 pm

   It’s a tory whitewash!!!
2. tc 2

   13 February 2010 at 1:28 pm

   The thin end of the wedge with this lot……we’re all OK….screw you !
3. RedLogix 3

   13 February 2010 at 1:41 pm

   This equates to a return on investment of $54 $72 for each dollar of funding.…while giving big tax cuts to those on incomes over $80-100k, which has a return on ‘investment’ of about 30cents for every dollar spent.

   Efficiency my arse… naked greed more like it.
4. Draco T Bastard 4

   13 February 2010 at 1:42 pm

   A well educated populace is bad for dictatorships as the people end up seeing through the lies.
   • kiwiteen123 4.1

     13 February 2010 at 5:30 pm

     I suppose that’s why Labour and NZ First got voted out in 2008.
     • QoT 4.1.1

       13 February 2010 at 5:39 pm

       … So the educated people voted for National, and National’s idea of entrenching their success is … to make the population less educated? Your world is an odd one, “teen”.
       • kiwiteen123 4.1.1.1

         13 February 2010 at 5:42 pm

         No, well-educated people saw through the lies of Clark/Cullen/Peters and changed their vote.
         • QoT 4.1.1.1.1

           13 February 2010 at 5:44 pm

           Yes, dear, I understood the attempted-snark point you were trying to make.

           Try to understand mine: And the people who these educated folks switched their votes to have decided the best way to keep in power is to make people stupider? Your logic is not like our Earth logic.
           • kiwiteen123 4.1.1.1.1.1

             13 February 2010 at 5:46 pm

             How is the National government making people ‘stupider’?
             • QoT …

               13 February 2010 at 5:48 pm

               Children of educated parents are more likely to succeed in education. But this requires a longterm view which neither National nor fake Internet teenagers have.
             • kiwiteen123 …

               13 February 2010 at 5:51 pm

               I’ll repeat my question as you did not answer it.
               How is the National government making people ‘stupider’?
             • Draco T Bastard …

               13 February 2010 at 6:44 pm

               By cutting education spending. I thought that would be obvious even to you.
             • kiwiteen123 …

               13 February 2010 at 6:50 pm

               That does not necessarily make people ‘stupider’ they could rationalize the spending and put less money into more effective programs.
             • Draco T Bastard …

               14 February 2010 at 12:33 pm

               It means that people won’t have access to the information they need to make rational decisions, ie, stupider.
5. gitmo 5

   13 February 2010 at 1:44 pm

   I think these courses should be funded by the government …………. as soon as we stop borrowing 250 million a week.
   • RedLogix 5.1

     13 February 2010 at 2:00 pm

     as soon as we stop borrowing 250 million a week. .. so why the obssesion with personal tax cuts then?

     The fact is that govt derives it’s income from three main sources:

     1. PAYE… about 45% of the total, stable and very predictable.

     2. GST… about 35% of the total and varies according to consumer spending, which is influenced somewhat by whether debt is being created or repaid.

     3. Company tax… the highly variable one because it directly linked to company profit, which varies enormously according to conditions.

     A quick look through the govt data for the year ending Nov 2009, shows that it is the Company Tax component that has fallen dramatically due to the recession.
     • Peter Bilson 5.1.1

       13 February 2010 at 3:52 pm

       tax cuts are cost neutral dimwit
       • logie97 5.1.1.1

         13 February 2010 at 4:15 pm

         Nice considered and erudite contribution Mr Bilson.

         I expect you are telling us that the likes of Douglas Myers will put the extra money into New Zealand Inc. Nah, don’t think so, they will continue to ship their readies offshore.

         Now if it was to remain sloshing around in the New Zealand economy, then borrowing might be reduced, and tax cuts might then be cost neutral.
       • Marty G 5.1.1.2

         13 February 2010 at 4:25 pm

         All tax cuts, Peter? Kindly explain.
   • Akldnut 5.2

     13 February 2010 at 2:20 pm

     gitmo – did you even read the post?
     This equates to a return on investment of $54 $72 for each dollar of funding.
     Each dollar of government funding generates a return of $16 $22

     Creates jobs, boosts the economy, upskills adults and best of all – makes people confident & positive.

     Definately economically incompetent!!!
     • gitmo 5.2.1

       13 February 2010 at 3:32 pm

       Yes quite right let’s spend 5 million on ACE and it’ll return us between $250 – 360 million ………. but if it’s such good value why don’t those undertaking the course spend their own money for each hundy it’s going to return them between $5400-7200 … eh what ?
6. tc 6

   13 February 2010 at 2:27 pm

   Quite redLogix….. and the more foreign ownership the less of any corporate profit remain in NZ to be circulating in the economy the profit was generated in.

   You drop company tax and the more profit leaves NZ……basic really.

   What odds on akl int airport being approved for foreign sale by NACT now they’ve magically got a controlling stake via supercity amalgamation…..totally against Oz’s policy that stragegic infrastructure assets stay in local hands.

   NZ…100% there for the taking….national park anybody?
7. mike 7

   13 February 2010 at 3:52 pm

   Do know about you Rob but if was that keen on a class on Spanish cooking I feel I should stump up the cash myself…
   • felix 7.1

     13 February 2010 at 4:34 pm

     I tend to agree. But who’s talking about Spanish cooking? Only you. Do you think the PWC (those notorious c*mmie lickspittles) report was about Spanish cooking classes? How could they possibly have reached those economic conclusions if it was?

     Are you even aware of the report? Did you even read the post? I doubt it.

     BTW this is a great resource for anyone interested in Indian cooking. My curry-fu has increased a million fold! All vege too.
   • Rex Widerstrom 7.2

     13 February 2010 at 7:08 pm

     I used to teach marketing and PR skills to… gasp… fledgling small business owners at the Wellington WEA. Yes, the very core constituency National claims to represent. They presumably went off and put these new found skills into building their business and increasing their profits. Maybe they grew sufficiently to be able to offer work to other people.

     Yep, definitely useless bludgers who’ll go on to to contribute nothing to the economy.

     Ironically, it was through this work that another client noticed I was prepared to teach media skills and hired me to do so, because their performance was pretty dire. And that client was …even bigger gasp… the National Party Research Unit.

     It was, however, mildly amusing that they asked whether I’d charge the same fee as I did at the WEA (which I saw as basically pro bono work… IIRC I got about $60 a night).
   • prism 7.3

     13 February 2010 at 10:00 pm

     If NZs had gone to night classes in spanish cooking we would have had better cuisine in the 1950s and 1960s. Restaurateurs, many who came to NZ from Europe as a result of the cataclysms of the Second World War, noted the awful hotel meals, and one commented that they seemed to be prepared from one recipe all over the country. One trick was to overcook a roast then make gravy from the bitter, near-carbon stuck to the bottom, with contributions no doubt from past roasts).
     Wanting to learn something beyond school, gain new skills etc. stops us from settling back into the tight little complacent tunnel-visioned society we had in the mid 1900s. Unfortunately those who have been successful following their channel of opportunity, underestimate how much their wealth is built out of others adopting new ideas.
     Many local councillors would like to shut down libraries, or bring more user pays in as they hardly read books at all, and only want to learn more of what made their personal wealth.
8. Fisiani 8

   13 February 2010 at 4:03 pm

   Dom Post today also states that Wellington High School alone is offering 900 ace courses this year.
   900 Yes 900 and most are only $10 extra cost.
9. kiwiteen123 9

   13 February 2010 at 4:55 pm

   Most courses are useless and should not be paid for by the taxpayer. Others are good for the country and should be subsidized by us.
   • QoT 9.1

     13 February 2010 at 5:42 pm

     And I’m sure you’ll be providing a clear, simple, unambiguous definition of each category … any time now?

     Because it’s not like Moroccan cooking could teach anyone literacy, numeracy, budgeting skills, nutrition? Especially people who don’t succeed in orthodox learning environments. Nah, it’s just an excuse to eat lots of couscous on the taxpayer’s dime.
     • kiwiteen123 9.1.1

       13 February 2010 at 5:44 pm

       Maths.
       English.
       Computing.
       • QoT 9.1.1.1

         13 February 2010 at 5:46 pm

         “People who don’t succeed in orthodox learning environments”. “People who don’t have time to attend daytime schooling”. “People who can’t commit to longterm learning”.

         But of course a “teen” has no idea about the realities of life post-high school, so I’ll let you off the basic-empathy hook for this one.
         • kiwiteen123 9.1.1.1.1

           13 February 2010 at 5:50 pm

           Look, this is as left-wing I get.
           I’m in two minds.
           On part of me says: “go to university and get a job”
           The other half says “help people learn basic things in night-classes”
           Are you in favour of the Nats’ ace policy??
10. Mac1 10

    13 February 2010 at 6:56 pm

    Nah, Nats’ policy better described by the joker, or the knave.
11. johnbt 11

    14 February 2010 at 7:01 pm

    According to Maryann Street the cost of ACE courses cut by the government works out at $59 per punter. These include the macrame, the sword fighting, the silk dying. But my personal favourite is the old guy who could afford trips to Italy but wanted us poor buggers to pay for his Italian cooking lessons.

Links to post

1. Financial literacy – Educate adults. « The Standard: posted on 18 February 2010 at 10:19 pm

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