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Bold economic leadership… from the Opposition

Written By: - Date published: 12:45 pm, May 6th, 2010 - 61 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.

When did telling the truth become a mistake?

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.

I got it wrong: tax cuts for rich even bigger

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.

Tenants already taking the hit

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 […]

50 dollars and northwards

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 “north of $50 a week” 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?

GST hike = tax cut for rich only

Written By: - Date published: 11:49 pm, March 14th, 2010 - 50 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.

Tax cut bizzaro world

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 “the vast bulk of New Zealanders will be better off”?

Armstrong and class interest

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.

Kick in guts for recesson victims

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 […]

GST hike boon for tax cheats

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.

Axe the tax

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.

Nats raise tax cut expectations

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?

Another Nat lie on GST

Written By: - Date published: 12:27 pm, February 28th, 2010 - 51 comments

You have to double-check every ‘fact’ the Nats tell you. Bill English, for example, has been caught out lying on Labour’s growth record.
For the last couple of weeks, John Key has been claiming that when Labour increased GST from 10% to 12.5% in 1989 there was no compensation for taxpayers. That too is a lie.

Garner: poor GST compo will cause backlash

Written By: - Date published: 11:43 am, February 23rd, 2010 - 13 comments

Duncan Garner: “Key must get the compensation [for GST] right or there will be a backlash from voters” Problem is, you can’t get everyone to put some money in a bucket, give a large chunk of it to the rich and then compensate everyone else for what they put in with what is left. It can’t add up.

Nats substitute tax cuts for economic plan

Written By: - Date published: 12:08 am, February 19th, 2010 - 21 comments

An interesting piece from One News. Bill English gave another underwhelming speech on National’s economic plan, which basically boiled down to ‘tax cuts!’. A young businesswoman in the audience told English she wanted a real plan. His response: ‘tax cuts’. But he could give no proof his tax cuts would improve the economy.

Public: GST should pay for cuts to bottom rates

Written By: - Date published: 12:03 am, February 17th, 2010 - 16 comments

Key doesn’t have the money to keep his promise to make everyone better off or at least no worse off from tax reform. He doesn’t have pixies in the garden to make more money. But he can cut the bottom tax rates, and a new poll shows strong support for that move.

Right turns a blind eye to middle NZ

Written By: - Date published: 9:30 am, February 16th, 2010 - 62 comments

In their attempts to justify putting up GST on all New Zealanders to give huge tax cuts to the wealthy few, the Right are going so far as to argue that middle and low income New Zealand doesn’t even exist.

Key confirms: tax up for middle NZ, down for rich

Written By: - Date published: 9:30 am, February 15th, 2010 - 54 comments

Key has explicitly promised that no-one will be left worse off by these changes but he doesn’t have the money, can’t have to money, to do that if he persists in handing over buckets of money to the rich.

Columnists slam Key’s lack of plan

Written By: - Date published: 4:14 pm, February 13th, 2010 - 110 comments

Tracy Watkins awards the first week of Parliamentary politics this year to Phil Goff, and points out that it’s as much due to his and Labour’s much improved performance as it is to Key and National’s shambolic, over-promise, under-deliver governance. (more…)

A fair tax

Written By: - Date published: 9:28 am, February 13th, 2010 - 38 comments

Click through for today’s Tom Scott cartoon.
He hits the nail on the head.
Putting up GST hits the poor the hardest.
For Kiwis who are barely scrapping by every cent counts.

GST is not a tax – suck it up

Written By: - Date published: 10:03 am, February 12th, 2010 - 24 comments

The best political commentary these days doesn’t come from the political journalists. As Zetetic shows, they have turned themselves into government minders. But there are others who tell it like it is. Such as Karlo Mila in today’s DomPost. The article was headed up “If you could just suck it up, that would be nice.” […]

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