Written By: - Date published: 12:12 pm, September 9th, 2014 - 34 comments
Nationals hypothetical tax cut package has not gone down well. People do not appear to like the fact that it is small, hypothetical, and irresponsible, all at once.This is what you get when you have a prime minister so weakly desperate for public approval that they make up policy by accident and then push that poor decision through their cabinet and caucus.
Written By: - Date published: 8:00 am, September 9th, 2014 - 49 comments
The economy is a mess, the Nats have no ideas, and their current policies (e.g. hypothetical tax cuts) are getting laughed out of town. National is useless on the economy, and the sooner we the people wake up to this fact, the better off we will be.
Written By: - Date published: 9:54 pm, September 7th, 2014 - 84 comments
Duncan Garner asks – “when we’ve just borrowed $55b over 6 years how on earth are tax cuts suddenly affordable?”. Presumably it’s a rhetorical question…
Written By: - Date published: 7:50 am, September 4th, 2014 - 51 comments
I was in the front row of the audience at the Press leader’s debate between David Cunliffe and John Key. While the media in Auckland and Wellington might have called it one way, the people in Christchurch were only presented with one leader who understands the issues in this city, and it wasn’t the Prime Minister.
Written By: - Date published: 9:06 am, August 26th, 2014 - 7 comments
So National are both so out of ideas and so desperate to take the spotlight off their Dirty Politics that they’re now promising tax cuts. Tax cuts straight after we have a panel of our most prominent economists warning that the ‘rock star’ economy is going to hit the rocks.
Written By: - Date published: 6:20 pm, August 25th, 2014 - 52 comments
According to the PM, Bill English saying there won’t be tax cuts was both true and untrue at the same time, like a fiscal Schroedinger’s Cat.
Written By: - Date published: 2:25 pm, August 25th, 2014 - 32 comments
Labour has the bold set of policies to take New Zealand forward into the 21st century – National’s “same old same old” tinkering will see the Kiwi skiff swamped. That was the clear conclusion from the debate between David Parker and Bill English on National Radio this morning.
Written By: - Date published: 7:50 am, August 25th, 2014 - 31 comments
For me the funniest thing that happened last week was Cameron Slater proudly announcing that he’d put in a privacy complaint about the someone hacking his data. Three days later he finds out that he was the target of a privacy act prosecution for similar acts.
Written By: - Date published: 8:20 am, August 22nd, 2014 - 5 comments
“Why would an overseas buyer pay more for an asset than a New Zealander? … But Chalkie reckons one reason stands out – tax. There are huge tax advantages available to overseas investors that simply cannot be accessed by locals.”
Written By: - Date published: 4:38 pm, August 4th, 2014 - 24 comments
To say that ACT’s new company tax policy is complete and utter drivelling crap would be a bit of an understatement.
Written By: - Date published: 7:03 pm, July 29th, 2014 - 13 comments
The extent that the National minister have been pork-barreling the roading budget for their electorates is crazy. The OIA’s show that most of the $212 million announced by John Key at the National party conference is pure pork for ministers. They are assessed as costing more money to build than they will ever produce in benefits, even using NZTA’s infamously overoptimistic assessments. National MPs and Ministers want to be seen as delivering something for their electorates before the election. So much for assessing needs based on merits. They must be really worried about this election to misuse so much pork.
Written By: - Date published: 11:35 am, July 22nd, 2014 - 30 comments
An interesting idea out of the US for how to fairly tax multinationals around the world. Declare a worldwide profit, find out where they made their sales, an apportion the profit to various jurisdictions.
Written By: - Date published: 7:55 am, July 19th, 2014 - 134 comments
The British public estimates the poor pay around 24% of their income in tax, while the rich pay around 35%. The truth is very different. Once you add up all taxes, the poorest actually pay around 43% of their income in tax, compared to only 35% for the rich. We have the same perceptual issues in NZ especially if you listen to the whining of Kiwiblog. Here the poorest pay the same tax rate as the rich, and the middle classes have the lower tax rate.
Written By: - Date published: 1:47 pm, July 16th, 2014 - 34 comments
Russel Norman has announced a business-friendly policy for a “smart, green” focus on innovation. A move towards a “Green New Deal”, working with the current system, and away from neoliberalism. It won’t dismantle capitalism, but exists within a framework for a fairer NZ.
Written By: - Date published: 3:33 pm, July 10th, 2014 - 47 comments
Rob Salmond has been looking through the newly released Ministry of Social Development’s Household Incomes Report. It really is invaluable.
Written By: - Date published: 10:32 am, July 8th, 2014 - 149 comments
If the aims of National/ACT’s education policy were, genuinely, to to improve the learning, education and career choices for our children, including the ones that are failing at present, they would not be following policies which have signally failed to achieve any of these goals, anywhere else they have been tried.
Written By: - Date published: 2:23 pm, June 27th, 2014 - 60 comments
Capital gains tax is now accepted by a more people than who oppose it. But for a policy long considered a “third rail” of New Zealand politics, its a significant shift. It ought to put paid forever to the idea that parties must go with the flow of public opinion because they are unable to affect it. Weak parties are. But if Labour stops being scared of its own shadow and afraid of its left-wing heritage, it can actually change things, and build the majorities it needs to govern.
Written By: - Date published: 2:30 pm, June 25th, 2014 - 20 comments
I’m a glass half-full kind of a guy, so I want to start by emphasising the parts of Labour’s just-released fiscal plan that I like. The good: commitment to paying off government debt during economic good times, tax rate changes are welcome, and targeting tax avoidance by large multinationals. Bad: the top tax rate is still too low, and no need to signal second term tax cuts. Overall I would give this package a B+.
Written By: - Date published: 9:16 pm, May 27th, 2014 - 7 comments
Rob Salmond at Polity has a series of posts in recent days that have been well worth reposting but alas they missed due to travel. Who gained from National’s tax switch? and May TV polls. But he is on fire since he got back from aussie – perhaps they spiked his drinks? But this one looking at the probable shifts in inequality in NZ in the future is pretty damn sobering to anyone who thinks that we need a more equal society.
Written By: - Date published: 1:50 pm, May 23rd, 2014 - 28 comments
No Right Turn on paying private schools and childcare as being charitable ‘donations’ and thereby trying to defraud taxpayers.
Written By: - Date published: 3:05 pm, May 18th, 2014 - 30 comments
John Key is clearly lying about tax again. He claims that most of “all nett tax” is paid for by the wealthy. As usual he ignores the 15% GST tax, the various sales taxes on things like petrol, and the many other sales and consumption taxes. GST and other consumption taxes are largely paid for by the not wealthy. Which is why they were raised to pay for National’s tax cuts for the wealthy.
Written By: - Date published: 4:28 pm, April 9th, 2014 - 13 comments
Local bodies points out a couple more of the National government’s sad-sacks. For some strange (but obvious) reason a warmish market for milk powder doesn’t do much for NZ apart from destroying our environment. English’s taxcuts for his wealthy mates have destroyed the fiscal base of the government and done nothing to cause any investment in the productive and employable parts of our economy. Tim Groser has also made an artform of making NZ worse off.
Written By: - Date published: 10:30 am, February 25th, 2014 - 14 comments
In my previous post on how a UBI would address inequality, it turns out I figured out something that is already known as a measure of inequality called the Gini coefficient and the Lorenz curve. A lower Gini coefficient is better and represents a more equal society. It is a recognised way of measuring and comparing inequality between countries, changes in equality overtime and for the effects of taxation proposals. Looking at it for NZ shows the effects of the last 30 years of neoliberal “reform”.
Written By: - Date published: 2:48 pm, February 18th, 2014 - 80 comments
There has been some discussion recently about whether we should tax fizzy drinks as a threat to public health. Otago University public health people say yes. Various anti-tax groups say no. Here’s Rob Salmond’s 2c worth.
Some interesting arguments
Written By: - Date published: 9:30 am, February 9th, 2014 - 238 comments
Damien Grant has argued in the latest Herald that those convicted of tax evasion should be treated more leniently than those convicted of beneficiary fraud even though an average tax fraud case resulting in jail may involve eleven times as much money. Obviously wealthy people are somehow better …
Written By: - Date published: 12:46 pm, January 25th, 2014 - 68 comments
However, a UBI is a change in distribution of incomes, not an increase in the size of Government.
Progressive taxation is the price of living in a well resourced, pleasant, and cohesive society.
Written By: - Date published: 2:15 pm, January 22nd, 2014 - 35 comments
Income equality is one measure that can be used to indicate the equality of a society. Flip has analysed the 2011 income distribution and show how a UBI (Universal Basic Income) can create greater income equality.
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: 11:08 am, December 12th, 2013 - 97 comments
Right wing, excuses reasons, for not doing anything about children in poverty.
Written By: - Date published: 1:13 pm, December 11th, 2013 - 53 comments
Welfare benefits and how you provide for the disadvantaged is one of the primary distinguishing features of the difference between the left and right of the political spectrum. Here is a proposal on how to make sure that the wealth of society is better distributed. It would require consensus from most people to implement as it would fundamentally change the fabric of society.
Written By: - Date published: 10:13 am, December 7th, 2013 - 247 comments
Just when you begin to think Labour are looking like a Government, one of the has-beens from the Rogernomics era, again! shows that they have NFI how to get elected and they are still clinging desperately to the Neo-liberal paradigm.
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