Written By: - Date published: 9:22 am, January 15th, 2014 - 15 comments
Rob Salmond at Polity has been having a look at Bill English’s “neutral” tax change in 2010…
Bill English recently heralded his tax switch as making net tax more progressive. He lied. It actually made net tax at least $500 million more regressive.
Written By: - Date published: 10:18 am, September 20th, 2013 - 220 comments
David Cunliffe spoke to the Left base in the Daily Blog Live interview last night: economy, tax, employment, GCSB, TPPA & more. He raises hopes for a new, post GFC social democratic vision. But he spoke to those with economic & policy knowledge. His nods towards better social security, away from bennie bashing, need fleshing out.
Written By: - Date published: 10:01 am, April 29th, 2013 - 30 comments
MSM articles show the big Aussie banks are making record profits, Kiwis can save, and Adam Smith worshiping think tanks are not to be trusted. Cunliffe & Norman said it a while back – NAct policies and government spending cuts are not the answer.
Written By: - Date published: 10:09 am, April 19th, 2013 - 16 comments
National, far from being their idealised “low tax party” are in fact the “stealth tax party”. While they’ve lowered the top rate of tax and the company rate, helping out the wealthiest, there has been regressive tax after regressive tax increase on the smaller hidden things.
Written By: - Date published: 8:59 am, April 5th, 2012 - 30 comments
On Monday, Key said his tax cuts have been “literally fiscally neutral”. In Parliament yesterday, Russel Norman showed Treasury documents showing the 2010 tax changes were to forecast to cost $1.1b in 4 years, actually cost $1.1b in 9 months, and the cost has grown since. Key didn’t want to hear the Treasury numbers, instead waving some ‘billshit’ put together by the Finance Minister.
Written By: - Date published: 5:28 pm, September 6th, 2011 - 19 comments
Treasury has now adopted their masters’ political line on income statistics. The latest Treasury MEI uses average after-tax wages to argue that an average worker is better off by 2% since October 2010. In real terms the average worker’s gross wage less inflation means they are 1% worse off. The average of $50,000 a year is a long way above the median wage as indicated by the 2009 IRD distribution figures. In reality a few are hugely better off, some are ok, and most are still worse off.
Written By: - Date published: 9:32 am, July 15th, 2011 - 179 comments
The media have provided us with five people examples of people who will be affected in different ways by Labour’s tax package. Ordinary families win big and they know it. The vested interests moan and reveal the pure greed that underlies their worldview. Frankly, I think Labour will win support due to both who supports and who opposes its tax policy.
Written By: - Date published: 9:00 am, July 14th, 2011 - 35 comments
According to Gareth Morgan, “all income should be taxed if it is a fair income tax”. So where are taxes coming from right now? Well increasingly more of it is being paid by wage and salary earners, and less by businesses. Hopefully a capital gains tax will partially redress that imbalance.
Written By: - Date published: 10:32 am, May 16th, 2011 - 42 comments
As we wait to see just how bad the economy has got under National, and what cuts they will force on us to pay for their follies, Michael Bott’s reports on canvassing in Masterton: “I spent a weekend with a team of Labour volunteers listening to the concerns of the people. A repeated remark was, ‘‘ no matter how hard I try, I just can’t get ahead’’”
Written By: - Date published: 9:16 pm, April 15th, 2011 - 30 comments
1000 economists have written to the G20, about to meet in Washington, and to Bill Gates, asking for a tax on financial transactions known as a Tobin tax after its originator, or a Robin Hood tax as it is known in the US. 4 New Zealanders are among the 1000; Prue Hyman, Stefan Kesting, Peter Conway, and Petrus Simons. Good on them.
Written By: - Date published: 9:30 am, December 14th, 2010 - 33 comments
Do you feel better off after the great tax swindle? Two recent surveys have shown that the significant majority of us do not. John Key has expressed his surprise at our ingratitude. But the numbers tell the story. Most of us don’t feel better off because we aren’t better off. The only surprise is that John Key is so completely out of touch as to fail to understand this.
Written By: - Date published: 1:23 pm, October 1st, 2010 - 61 comments
Remember how John Key used to talk about GST? Here is a video reminding everyone of the past before he did his usual flip-flop to favour the rich while increasing costs on most people. The GST increase and the consequent inflation will make almost everyone worse off unless they are wealthy enough to bribe the NACT’s.
Written By: - Date published: 9:05 am, October 1st, 2010 - 72 comments
For a long, time National and the Right have tried to convince us that all we need is tax cuts. You can understand why: their other policies are deeply unpopular, cutting taxes is a roundabout way of cutting public services, which they hate, and tax cuts deliver the most to their wealthy base. So will we see any actual benefits from the great tax swindle?
Written By: - Date published: 8:34 am, September 30th, 2010 - 29 comments
Danyl over at DimPost has produced an excellent graph of the gains from National’s Tax Swindle. It uses the Government’s figures, it is generous in showing average rather than median incomes…
And it doesn’t look good for average kiwis.
Written By: - Date published: 8:00 am, August 9th, 2010 - 43 comments
The rate at which National have been spinning of late is giving me nausea. It can’t be long until they get to the Hitch-Hiker’s Guide scenario of declaring black to be white and getting run over on the nearest zebra crossing.
Written By: - Date published: 11:47 pm, June 2nd, 2010 - 37 comments
I am ruling out selling Kiwibank at any point in the future/Asset sales are on the table for a second term
We won’t be raising GST/We’re raising GST
My trust is so blind I have no idea what’s in it/Owning a vineyard is great fun
Anyone else seeing a pattern?
Written By: - Date published: 10:18 am, May 20th, 2010 - 56 comments
Hone Harawira does not want to vote for the ‘don’t be jealous’ budget and he doesn’t think the Maori Party will be standing true to its principles or supporters if it does. Harawira sought permission to vote against the Budget. Tariana Turia, who is awfully comfortable in the back of her Crown limo, refused. Let’s hope Harawira has the courage cross the floor anyway.
Written By: - Date published: 12:45 pm, May 6th, 2010 - 58 comments
I’m glad to see Labour is stealing a march on the lazy Nats and building an alternative economic vision ahead of the Budget. It looks to be just the vision New Zealand needs, built on the twin planks of economic sovereignty and a fairer distribution of wealth.
Written By: - Date published: 1:09 pm, April 15th, 2010 - 71 comments
Phil Goff is being attacked by John Key’s apologists because he won’t pledge to reverse National’s GST hike given he can’t yet know the state of the government’s books when he becomes PM. How ironic to see the Right, who supposedly want accountable government, pillory a politician for being straight up with the public, rather than telling them what they want to hear.
Written By: - Date published: 12:09 am, March 22nd, 2010 - 100 comments
I made a mistake in my calculations of the effects of the leaked tax reforms. In the corrected numbers, the poor get less, the rich get more. The wealthiest 13,000 taxpayers get a quarter of a billion in tax cuts between them – nearly $20,000 a year each. The poorest half $1.25 a week and higher rents to pay. This ‘tax reform’ package is really a mask for a wealth grab from the many to the few.
Written By: - Date published: 4:45 pm, March 18th, 2010 - 79 comments
I got a call from a friend today, thanks to National his rent is going up. I’ll call him Ned. He’s retired and rents a two bedroom home for $310 a week. He recently received a letter from his landlord advising him of a rent increase of $40 a week. He’s sure his landlord is […]
Written By: - Date published: 11:30 am, March 16th, 2010 - 14 comments
Felix can hardly contain himself at the prospect of National’s tax changes: Woohoo!! Told you my mate Mr Key would be able to deliver a â€œnorth of $50 a weekâ€ tax cut. And you all said he wouldn’t. So who’s looking stupid now eh? I mean sure, you need to bring in $180,000 a year to get it but just get off your arse and be a bit more ambitious whydontcha?
Written By: - Date published: 11:49 pm, March 14th, 2010 - 49 comments
The numbers of National’s tax money go round leaked to the SST. I have worked out who wins and who loses. Key claimed that no-one will be worse off and the bulk will be much better off but 10% are worse off and 80% get next to nothing (without even counting the rent hikes). The elite get $100 in net tax cuts for every $1 the typical Kiwi gets.
Written By: - Date published: 12:20 pm, March 14th, 2010 - 16 comments
Under National’s proposed tax cuts and GST increases someone on the average wage of $48,000 comes out about $5 to $10 per week ahead. But 70% of Kiwis have incomes under $40,000. Their tax cuts will barely compensate them for the GST increase. How can National go on claiming that â€œthe vast bulk of New Zealanders will be better offâ€?
Written By: - Date published: 10:56 am, March 6th, 2010 - 28 comments
The poor don’t need tax cuts for the top 12% to to inspire them to want to get out of poverty. Poverty is inspiration enough. But thepoor cannot all become rich. To function capitalism needs poverty. There’s got to be lots of people doing the shitty, dangerous, hard jobs for cheap. And the wealth will always flow to the elite few who own capital or defend their interests.
Written By: - Date published: 9:59 am, March 3rd, 2010 - 10 comments
The recession has forced tens of thousands of people out of work. There are now 276,000 jobless Kiwis. The lucky ones (only a third of the officially unemployed) can get the unemployment benefit. Now, the Government is letting inflation eat into their meager benefit payments. Benefit payments are meant to be adjusted for inflation. This […]
Written By: - Date published: 10:42 pm, March 2nd, 2010 - 34 comments
Some contractors and small business owners record private costs as business expenses and claim back the GST. The cheats who claim enough GST back get payments from IRD. Hiking GST puts more of our money in the pockets of these tax cheats.
Written By: - Date published: 12:00 pm, March 2nd, 2010 - 60 comments
Labour’s ‘Axe the Tax’ campaign has hit the road. Phil Goff is travelling around New Zealand explaining why Labour opposes National’s plan to hike GST on everyone to pay for tax cuts that will primarily go to the well-off. National are worried. They’re not promoting their package anymore, they’re lashing out at Goff.
Written By: - Date published: 11:27 am, March 1st, 2010 - 33 comments
John Key has promised to make tax changes that are revenue neutral, give huge payouts to the wealthy elite, and somehow mean the “vast bulk of taxpayers will be substantially better off”. But it’s a money-go-round. How you can make everyone better off with the same amount of money you’ve taken off them?