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The Unbearable Lightness of the Bright-Line Test

Written By: - Date published: 4:20 pm, March 13th, 2021 - 96 comments

The bright-line test is a red herring and does nothing to deter housing speculation.

So! You want a “plan”?

Written By: - Date published: 4:36 pm, March 11th, 2021 - 50 comments

Expecting a bit much aren’t you? We haven’t had that since Muldoon. At least he had them. The kind of people now asking for a plan were those who complained about governments that “interfered with the sacred ‘free market’” and screamed about “central planning”, “picking winners”, “protectionism” etc. They prefer just getting cheap labour to give the illusion of economic growth. And build a cycleway!

So, You Want To Buy Your First Home?

Written By: - Date published: 7:00 am, March 7th, 2021 - 75 comments

Money does not grow on trees, it grows on houses. It is pure magic!

Shock horror, trickle down does not work

Written By: - Date published: 7:31 am, December 18th, 2020 - 54 comments

In yet another study academics at the London School of Economics have concluded that trickle down leads to higher income inequality but do not have any significant effect on economic growth or unemployment.

Tranquillum

Written By: - Date published: 7:28 pm, December 6th, 2020 - 134 comments

Don’t expect a jellyfish to grow a spine, they just bob along on the current and keep moving, gently, slowly, kindly.

No Right Turn: the obvious question

Written By: - Date published: 6:05 am, November 23rd, 2020 - 20 comments

One in four property speculators aren’t paying the bright-line tax.

Will consensus building paralyse Ardern?

Written By: - Date published: 7:14 am, October 21st, 2020 - 33 comments

Jacinda Ardern aims to bet both ways on our future – transforming Aotearoa to rid us of inequality and poverty, and building consensus. She has won a mandate with her historic, landslide victory but can she do both? My question is whether Labour are willing to do that because of her desire to maintain consensus and not rock the waka.

NZ election 2020: Labour win is a watershed moment in the country’s history

Written By: - Date published: 12:27 am, October 20th, 2020 - 47 comments

The 2020 election was more than just a victory for Labour and more than a crushing defeat for the National Party (New Zealand’s main centre-right political party). This result marks a significant watershed in New Zealand politics which will likely have implications long after this parliamentary term.

Backbench National MP proposes radical new tax to address deficit *

Written By: - Date published: 6:23 pm, October 14th, 2020 - 29 comments

* but I am not sure that all of his caucus colleagues would be happy with the proposal.

Latest UMR Poll – National sinking

Written By: - Date published: 7:40 am, October 14th, 2020 - 180 comments

Leaked results of the latest UMR poll suggests that National is under 30% and that Judith Collins campaign techniques are not working.  She responded by calling the Prime Minister a liar and fat shaming the population.

National’s lolly scramble tax cuts

Written By: - Date published: 8:34 am, September 19th, 2020 - 55 comments

Despite claiming that the PREFU figures were catastrophic and despite stating a month ago that it would not do this National has come out with a policy of temporary tax cuts favouring the rich.  They must be desperate.

Taxpayer’s Union is wasting taxpayers’ money

Written By: - Date published: 9:24 am, September 15th, 2020 - 35 comments

The Taxpayer’s Union, which claims to be opposed to Government waste, is wasting taxpayer’s resources by lodging a spurious complaint with the Broadcasting Standards Authority against Labour’s free apprenticeship policy.

The Greens sticking to their guns (and their values)

Written By: - Date published: 10:57 am, September 11th, 2020 - 157 comments

The Greens just boldly stepped up their election campaign.

Labour announces tax policies

Written By: - Date published: 12:55 pm, September 9th, 2020 - 98 comments

Labour and the Greens have both recently announced taxation policies.  Meanwhile there is no sign of any fiscal policy or alternative budget from National.

Will Jacinda Ardern meet her promise to transform?

Written By: - Date published: 6:53 am, September 4th, 2020 - 62 comments

Neoliberalism has run its course and displayed its profound inability to address inequality issues. It makes the poor get ever poorer while the affluent top 10% ticks of society get bloated and increasingly insufferable on untaxed capital gains. In 2017 Jacinda Ardern set a goal of bringing all children out of poverty within six years. So how is that going? And what are the next steps?

Paora Goldsmith in fake news scandal

Written By: - Date published: 8:41 am, June 29th, 2020 - 33 comments

Paora Goldsmith has shown either that he is lacking in basic numeracy and literacy skills or that he is prepared to tell porkies for political advantage.

What would President Biden do?

Written By: - Date published: 7:47 am, May 4th, 2020 - 59 comments

With President Trump doing what we all expected, and killing 67,000 people and counting through chronic poor leadership, and utterly ruining the U.S. economy as well, it’s time to look at what policies the alternative candidate has on offer.

Eat the rich

Written By: - Date published: 9:06 am, April 22nd, 2020 - 47 comments

Richard Branson, who has arranged his affairs so that he pays tax to no government, is upset that Governments are not bailing his empire out. And an idea has been floated to allow billionaires to set up boltholes in New Zealand.

The right become socialists as Covid-19 bites

Written By: - Date published: 7:52 am, March 17th, 2020 - 38 comments

The right, elements of which have thought the best thing to do to the state is weaken it that badly that they could then drown it in a bathtub, are rethinking and now realise that a well resourced, active and engaged State is actually a life saver.

Bridges thinks the solution to Covid 19 is tax cuts

Written By: - Date published: 8:14 am, March 5th, 2020 - 64 comments

Simon Bridges thinks that tax cuts are the best way to address financial stress caused by businesses by the Covid 19 epidemic.  Even though businesses under financial stress will be paying little if any tax and a tax cut would have little if any effect.

National’s big economic policy announcement

Written By: - Date published: 1:42 pm, February 17th, 2020 - 83 comments

Simon Bridges has claimed that the average wage earner in the country pays almost 33c in the dollar in taxes. Spoiler alert, they do not.

National is not counting its chickens for granted

Written By: - Date published: 8:47 am, February 17th, 2020 - 27 comments

National will announce today  that tax cuts will be a major policy plank for the next election.

Steve Mnuchin, not Greta Thunberg, needs to go back to school

Written By: - Date published: 10:52 am, January 27th, 2020 - 11 comments

US Treasury Secretary Steve Mnuchin has attacked Greta Thunberg for not understanding the economics of climate change.  But he has then been roundly criticised by a number of people, including his wife.

What if Trump wins again?

Written By: - Date published: 8:30 am, December 29th, 2019 - 124 comments

We may as well prepare ourselves for Trump overperforming his popularity again and winning. We’ve had to deal with left’s retreat in most of the world in 2019. So let’s prepare and plot some likely accelerated changes in Trump’s second term.

Trickle down fails yet again

Written By: - Date published: 11:13 am, November 3rd, 2019 - 50 comments

Despite its continuous failure to work over the past 40 years trickle down remains a favourite justification by right wing administrations for allowing unfettered greed.

How This Government Can Still Win

Written By: - Date published: 8:13 am, September 16th, 2019 - 91 comments

Some suggestions on how Labour can retain power at the next election.

National tacks right

Written By: - Date published: 3:35 pm, August 26th, 2019 - 44 comments

National has released its economic policies for the next 12 months and they have a decidedly backward feeling about them.

Should the Government spend massively more?

Written By: - Date published: 3:18 pm, August 8th, 2019 - 58 comments

With yesterday’s announcement by the Reserve Bank to cut interest rates by 1%, some are suggesting that the government should embark on a massive public works spree to stimulate the economy while increasing national debt at low interest rates.  But Kiwisaver reform may be more effective.

Jacindamania

Written By: - Date published: 8:01 am, July 28th, 2019 - 138 comments

Despite the babies and the engagements, maybe it’s time to ditch the default Jacindamania.

Cannabis, teens, and fecal matter

Written By: - Date published: 8:56 am, July 10th, 2019 - 28 comments

I’ve been musing on the subject of minor drugs that are currently illegal and their supply chain. It is early days so far, but almost all of the news coming through from where the recreational use of cannabis has been decriminalised hasn’t indicated dire consequences.  There are some pretty obvious benefits – especially in the quality of supply.

National supports 47% tax rate for top income bracket *

Written By: - Date published: 7:21 am, July 5th, 2019 - 25 comments

* this is one possible interpretation for National’s praise of the Morrisonn Government’s change to Australian tax system.

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