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Daily review 07/11/2022

Written By: - Date published: 5:30 pm, November 7th, 2022 - 21 comments
Categories: Daily review - Tags:

Daily review is also your post.

This provides Standardistas the opportunity to review events of the day.

The usual rules of good behaviour apply (see the Policy).

Don’t forget to be kind to each other …

21 comments on “Daily review 07/11/2022 ”

  1. observer 1

    National will probably win the Hamilton by-election. Then their problems begin …

    https://www.stuff.co.nz/national/politics/130396496/awesome-nationals-byelection-candidate-on-the-governments-housing-policies

    A National MP (in waiting) sings the praises of Labour policies. Ooops.

    Articles says he declined to be interviewed. Not surprising. But like Luxon, he might find it difficult to say nothing forever.

  2. Perhaps he IS a different breed. An honest Nat.devil

    • Incognito 3.1

      An honest Nat (N) walks into a bar and shouts a broke ACT supporter (A) a beer and challenges him/her to a game of pool against a TOP hipster (M/F) and a balding NZF member (no age given). What could go wrong?

      • Stuart Munro 3.1.1

        Diogenes's ghost (cursed to wander this earth for failing to find one) seizes him and drags him off to the spirit of the guy he made the bet with?

        Diogenes became notorious for carrying a lamp during the day, claiming to be "looking for an honest man".

  3. Tony Veitch 4

    Noticed on TV1 News a few minutes ago, Willis attempting to shift the dialogue from 'tax cuts for the rich,' to 'adjusting the tax brackets.'

    The Negatives practising to deceive!

  4. swordfish 5

    .

    Latest Newshub Reid Research Poll suggests:

    Ardern almost certainly mildly more popular than Labour itself / Luxon considerably less popular than National.

    [bearing in mind that the Preferred PM measure includes the entire sample whereas Party Support excludes the Don't Knows & those not intending to vote … so, if you compared apples with apples by re-calculating Party Support as a % of the entire sample, you'd find Labour mildly below Ardern but the Nats well above Luxon].

    • Ad 5.1

      Arden does the Labour annual conference and proposes a minor change to child welfare as its centrepiece, on an otherwise tepid and low execution government.

      3 hours later polls show 5 point fall for Labour.

      Nek minnit Ardern goes populist and attacks bank profit despite saying nothing about it for months and her Minister of Finance defending healthy bank sector the previous week.

      She had 5 years to tax bank profits, or assets, or any other oligopoly in the country from electricity to building supplies to petrol, and we're now supposed to believe she's found her socialist voice?

      Yeah nah.

      • roblogic 5.1.1

        Did you see the irrational screaming, pearl clutching, psychotic reaction from the media, opposition, and farmers at the suggestion of the (very mild, and supposedly bipartisan) fart tax? The sky was falling, Taxcinda was implementing a communist tyranny.

        Or the much more substantial reform of the ECA, bringing in the Fair Pay Agreement legislation? The banks and big business have now declared war on Labour, and are determined to unseat the government and resume mass immigration, wage suppression, and housing speculation.

        For fuck's sake. Yes, Labour/Green are half arsed, but at least we are going in the right direction.

        The alternative is Luxon, who wants to emulate Liz Truss.

        God help us.

      • Stop white frownanting Ad. Any move in a desired direction is better late than never.

  5. Kat 6

    This is our PM showing her subtle yet persuasive manner of effecting real change…..the electorate has a choice between honest down to earth fair go realism and leadership….and the spin from the opposition.

    But then polls have become the political version of comics….believe them at your peril.

    https://www.stuff.co.nz/national/politics/130403592/jacinda-ardern-takes-aim-at-huge-bank-profits-in-these-current-times

    • Ad 6.1

      Hmmm. Capital Gains Tax. Nope. Tax electricity generators better. Nope. Petrol companies tax. Nope. Tax insurer oligopoly. Nope. Tax building supplies monopoly. Nope. Tax airport duopoly or airline duopoly. Nope. Tax internet content providers. Nope. Tax liquor duopoly or supermarket duopoly. Nope. Decrease her own tax take and the super-profits they take on the entire economy. Nope.

      Specific proposal to tax banks after 5 years in power.

      Nope.

      • arkie 6.1.1

        Hey c’mon now, they’ve told them to think about what they’ve done:

        condemnation did not extend to implementing any changes from the Government beyond suggesting self-reflection from the banks.

        At the same time, Julie Ann Genter has been beating the Excess Profits Tax drum:

        “When massive corporations like banks can cash in on a change in economic circumstances that they themselves did not bring about, then those benefits should be shared with everyone,” says the Green Party’s finance spokesperson, Julie Anne Genter.

        Rather than taking action to rebalance the economy towards those who need help the most, the Minister of Finance told Morning Report that banks and energy companies should “bear in mind” customers who might be struggling to pay the bills.

        “Expecting banks, for example, to put people ahead of profit would be a bit like putting the fox in charge of the hen house.

        https://www.greens.org.nz/tax_excess_profits_don_t_leave_it_to_the_good_will_of_large_corporations

      • Poission 6.1.2

        Labour policy for subsidising first home buyers ( first start,Kiwisaver,LVR relaxation) was (along with increased M2 and low interest rates) a fore most driver of both house price inflation,housing purchases,and mortgages.Along with high building costs (demand driven),increased regulation for housing,and increased local body costs shelter was a full third of inflation,ie fiscal policies drove housing debt (and bank profits)

        https://www.1news.co.nz/2021/03/22/government-extends-criteria-for-first-home-buyer-help-are-you-eligible/

        Policies that were against the OECD recommendations .

        https://www.oecd.org/economy/surveys/New%20Zealand-2022-OECD-economic-survey-overview.pdf

        Whilst the bank profits are not overtly high over the last 5 years as the RBNZ has made banks increase capital to sustain resilience ( against a GFC property like shock) with higher taxes on banks,there would be less reason for them to buy government bonds in a regime of higher debt.

      • Full employment nearly achieved, tax take really good. Your point is what Ad?

        More tax so Nat's can sing "Tax and Spend"

  6. Ryan Bridge: smug tosser. Why are so many bearded blokes so useless?

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