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Written By: Michael Scott - Date published: 11:38 am, February 8th, 2025
Maybe we can live with Trumps craziness if he ends the fighting in the middle east and negotiates a solution that the Gazans and Israelis agree. Then he does similar in Ukraine. He was the first President in a long time to seemingly have little interest in ...Written By: Michael Scott - Date published: 10:22 am, February 8th, 2025
The journalist David Patrikarakos writes what I have been thinking about how Trump has changed the narrative with his Gaza Plan. https://unherd.com/2025/02/trumps-riviera-would-tear-the-middle-east-apart/ But if this idea is dangerous, impetuous and ...Written By: Michael Scott - Date published: 7:48 pm, February 7th, 2025
More than 40,000 Federal workers have taken Musks offer of voluntary resignation so far. https://www.wsj.com/politics/policy/federal-workers-accept-buyout-offers-be1c00fb Wonder if any of them voted TrumpWritten By: Michael Scott - Date published: 6:30 pm, February 7th, 2025
Wa just reading a Guardian opinion piece on Gaza and realised that Trump has taken total control of the narrative. A few weeks ago the US were supporters of Israel and urging them into ceasefire talks All of a sudden Trump is in charge. Addressing Gaza ...Written By: Michael Scott - Date published: 4:19 pm, February 7th, 2025
Trump is keeping 294 of the 10,000 USAid staff and is sacking the rest. Two thirds of the employees live outside of the US so huge disruption. https://economictimes.indiatimes.com/news/international/world-news/trump-administration-to-keep-only-294-usaid- ...Written By: Michael Scott - Date published: 4:05 pm, February 7th, 2025
I have no idea where Trump is going or if he has any sort of coherent plan. I remember that when Trump first got elected in 2016 he said something like - We've got to stop giving aid to countries that hate us He is definitely altering the cultural ...Written By: Michael Scott - Date published: 9:32 am, February 7th, 2025
Yes I agree we need a CGT but it won't raise much money. The key to economic success is to build an educated working population that are net contributors to our economy. Like Singapore. For the last 20 years I have been helping mainly young people to start ...Written By: Michael Scott - Date published: 8:41 am, February 7th, 2025
Excessive inequality is poverty! Inequality does not mean there must be poverty in a society. There will always be inequality and sadly there will always be poor. In NZ if you need any essential we have agreed as a society to provide it. If you lose your ...Written By: Michael Scott - Date published: 8:10 pm, February 6th, 2025
Yes I think. Just say we had a wealth tax and Australia did not. And when NZ professionals did the math it was clear they would retain more of their income in Oz. I think many would make the move across the ditch. Same with company taxes and personal taxes ...Written By: Michael Scott - Date published: 7:44 pm, February 6th, 2025
"When we taxed the wealthy more we had the highest standard of living in the world." Those days are gone and can't come back - just like our cozy trade relationship with the UK back then can't be revived. If we want to eliminate poverty we need to create ...Written By: Michael Scott - Date published: 6:32 pm, February 6th, 2025
Apologies for no link but it is from a note I made in 2023. I pretty sure it will be correct. Don't want to waste your time but can you explain how I am deflecting and being ingenuous. I am on record as supporting a CGT.Written By: Michael Scott - Date published: 5:44 pm, February 6th, 2025
The Treasury reported a CGT as being proposed by the Labour Party would raise 400m in its first year a 5.9b by year 10. It is insignificant in comparison to existing taxes or the proposed wealth tax, or taxes on each financial transactionWritten By: Michael Scott - Date published: 5:27 pm, February 6th, 2025
Tony I have shown that income inequality has been trending down for the past 10 years. But lets agree it is stable- unless you have any data to dispute this. I'm not sure what your problem is with inequality. We are proud of our successful business people. ...Written By: Michael Scott - Date published: 4:11 pm, February 6th, 2025
Not even the French taxman would be bold enough to do that. The French inheritance tax ( droit du succession) is already punishing. Unlike the UK - and NZ's when we had one - the French tax the individual to whom the estate is bequeathed and not the estate ...Written By: Michael Scott - Date published: 2:57 pm, February 6th, 2025
SPC No country wanted a wealth tax to work as much as the French.Tractors were driven and demonstrators demanded the tax. Polls showed that everyone who was not affected by the tax was for it. I was living in the south when the actor Gerard Depardieu led ...Written By: Michael Scott - Date published: 1:53 pm, February 6th, 2025
If Musk's team has access to Federal servers as reported I predict a storm of shocking announcements daily. It looks like he is beginning with USAID because it had become bloated and politicised. There will be lots of revelations there I'm sure His ...Written By: Michael Scott - Date published: 1:42 pm, February 6th, 2025
SPC wealth taxes have two things in their favour. 1. They deliver a lot of tax very quickly in their first years. 2. They reduce inequality. But they almost always end up killing the goose. CGT is a fair tax and I have no idea why the Labour party pulled ...Written By: Michael Scott - Date published: 11:57 am, February 6th, 2025
Tony my point is that since 2011 this has turned around and inequality is lessening. My claim was that inequality is no longer rising in NZ. We don't have an inequality problem we have a housing problem. Rents are so high the government has to subsidise ...Written By: Michael Scott - Date published: 11:10 am, February 6th, 2025
Adam which research in the paper do you disagree with? I don't know if the researcher/ organisation is left or right wing but surely it is the quality of the data that matters and not their political persuasion.Written By: Michael Scott - Date published: 10:33 am, February 6th, 2025
Tony I really don't believe inequality is rising in NZ. Last year I heard Chloe Swarbrick claim that inequality has never been worse in NZ so decided to research it. I found some research by a well known ecomomist and there was a phone number at the end so ...Written By: Michael Scott - Date published: 9:22 am, February 6th, 2025
It is important to understand that currently the lowest 50 % of taxpayers pay no net tax whatsoever. The top 10% already pay 25% of all tax collected according to the Treasury (2021) We are dependent on a small group of high earning salaried professionals. ...Written By: Michael Scott - Date published: 5:26 pm, February 5th, 2025
The problem is that wealthy individuals and wealthy organisations can fund and influence campaigns without contributing to political parties.Written By: Michael Scott - Date published: 4:42 pm, February 5th, 2025
Could unions donate?Written By: Michael Scott - Date published: 1:30 pm, February 5th, 2025
Weka it is not reasonable to simply say Maori can decide what is best for Maori. My wife and I were in the Toitu te Tiriti march at Waitangi last year and there were a lot of different ideas amongst Maori about to bring that about. There was a group from ...Written By: Michael Scott - Date published: 12:35 pm, February 5th, 2025
But who decides what's good for Maori?Written By: Michael Scott - Date published: 9:57 am, February 5th, 2025
My concern has got nothing to do with whether Maori are involved or not. It is that any unelected person with the legal authority to over rule the decisions of the elected members of government would be the most powerful person in NZ politics. Does that ...Written By: Michael Scott - Date published: 8:04 am, February 5th, 2025
Tony I don't like the idea of your third point- an Iwi Upper House that could reject Lower House legislation. Do you propose that the Iwi members be elected or appointed? The Maori Party have announced a new non negotiable policy of appointing a ...Written By: Michael Scott - Date published: 6:00 pm, February 4th, 2025
If Trump can sort out the problems in the US with a trade war rather than a shooting war he will be venerated. I read this popular substack to find out what is happening in the big tech companies and was today surprised to read the authors 180 degree ...Written By: Michael Scott - Date published: 3:54 pm, February 4th, 2025
DOS there maybe an embargo on US goods still. I don't know. What I do know is that the Cuban government is corrupt and desperate. Yesterday- for the first time ever - they went begging to the UN World Food Program. Castro would Never have done that. The ...Written By: Michael Scott - Date published: 1:50 pm, February 4th, 2025
Hi DOS US suppliers are not prohibited from selling food to the Cuban government. At the moment all of the frozen chickens in the system are from the US along with many other items. Cuba can order whatever food it wants from the US and would order a lot ...
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