Written By:
notices and features - Date published:
5:30 pm, January 31st, 2019 - 37 comments
Categories: Daily review -
Tags:
The current rise of populism challenges the way we think about people’s relationship to the economy.We seem to be entering an era of populism, in which leadership in a democracy is based on preferences of the population which do not seem entirely rational nor serving their longer interests. ...
The server will be getting hardware changes this evening starting at 10pm NZDT.
The site will be off line for some hours.
National are floundering, at best they may catch a few jelly fish.
National are floundering, but I wouldnt write them off just yet…even with a such an incompetent leadership team….there is a lot of scope for disappointed voters to shift their votes from the coalition if they fail to deliver…there is little in it.
As per the other thread, someone please ask him how much it is going to cost.
I imagine it will be a great deal less than either the “Shane Jones Slush Fund” or the “Phool Twyford Kiwibuild Stuff-up”.
Well, how much?
They have said 690 million
Which would make it about 2.3 billion less than Labour’s student and NZ First bribes
And each person gets one dollar per week extra? Looks like a tough sell to me.
If you think it is a bad idea that is fine, but it is stupid having lower tax brackets that don’t change for 15 odd years, and it is patently unfair on a lot of lower paid people.
Depending on how many hours they work, when the minimum wage goes to 20 bucks people are going to start moving into the higher tax bracket.
And that is just the minimum wage people.
What about people earning just over it now
People earning over $70,000 a year aren’t “lower-paid.”
I was talking about the 48k tax bracket.
Not that that was really obvious or anything.
This change has little effect for people earning over $48,000. Its real benefit is to those earning over $70,000, which quite coincidentally is National’s core constituency.
Also, people earning over $48,000 pa also aren’t “lower paid.” The default wage in this country has been the minimum wage ever since the successful destruction of the unions, and that’s currently around $34,000 pa.
the last government is not even three years in the past.
Which means the last time National gave the great unwashed masses its deserved tax cut is simply a few years old, and i think it averaged at about 3.50 $ per week for those that made less then 50.000$ per year.
And literally a few weeks later the No mates Party turned around and increased GST.
So you might want to find a different tune then saying people are due a tax cut because the last one was sooooooooooooo long ago
https://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10536380
https://www.odt.co.nz/news/politics/nats-pledge-47-week-tax-cut-2011
National Plede a 47$ a week tax cut by 2011
John Key cuts taxes and reduces Kiwi Saver 2008
http://www.stuff.co.nz/the-press/664131/Nats-trump-Labours-tax-cuts
National trumps Labours tax cuts 2009
http://www.stuff.co.nz/national/3311679/Key-no-GST-rise-video-emerges
Video of Key promising no GST increases on campaing trail – 2010
http://www.scoop.co.nz/stories/PA1111/S00331/nationals-growing-list-of-broken-promises.htm
Nationals growing list of broken promises 2011
Selling of Assets 2011
https://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10702066
Budget 2011 https://www.parliament.nz/en/pb/hansard-debates/rhr/document/49HansD_20110519_00000047/budget-statement-budget-debate
John Key asset sales 2012
http://www.scoop.co.nz/stories/PA1207/S00307/john-key-all-over-the-show-on-asset-sales.htm
Referendum on Asset sales
https://dunedinstadium.wordpress.com/2013/09/30/national-referendum-2013-asset-sales/
https://thestandard.org.nz/asset-sales-referendum-is-a-go/
Election
http://www.scoop.co.nz/stories/PA1312/S00009/asset-sales-bring-in-less-than-cost-of-tax-cuts-to-top-10.htm
National offeres Tax cuts for 2017 ( in 2014) https://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=11320903
Tax cuts for the few and the sales of the family silver to finance it. Question, have we got enough family silver left to finance the next Tax Cuts?
You think that’s tough – wait until labour try to sell a capital gains tax.
So $430 per year for just 170k-180k workers?
That’s way less than the $520 per year they planned to take off single low income earners via scrapping the independent earner rebate for those on $24k to $48k, or was it $52k,(?) who don’t get the support families do or the $520 per year they took off every Kiwisaver in the country. It will also not benefit the kids they started taxing for their savings and paper runs etc.
Similar to Labours fuel taxes though
No they were other ways they took more than $430 per year from more NZers
Any increase by govt of fuel taxes is no different to this in 2012 onwards
https://www.interest.co.nz/news/62545/govt-hike-petrol-taxes-and-road-user-charges-9-cents-over-three-years-pay-roads-national
It is a policy on indexing. Not terribly expensive. In truth any political party, including Labour could pick it up. I wouldn’t be surprised if GR had it in the 2019 budget.
It won’t be the major element of National’s 2020 tax policy, which I imagine will be a lot more ambitious. And won’t be primarily focused on high income earners.
Simon is thinking it over………..well, his head is nodding.
The ODT managed to get the headline correct on this story about Eugenie Sage but how they managed to come out with the first line of the story is beyond belief.
https://www.odt.co.nz/regions/west-coast/minister-defends-no-cycle-way-her-land
She is, according to this story doing her very best to block a cycleway crossing her land.
As a true Nimby she is willing to allow a cycleway to go ahead. Under no circumstances will she allow it to cross her land of course.
Her land, which is sitting on mine tailings and is apparently largely scrub, is far too precious to allow commoners access to it.
And this is the woman who seemed to think that anyone, at any time, should be allowed access to the Hunter Valley Station Road without even providing the runholder with any advice that they were going to be there.
https://www.newsroom.co.nz/2018/07/26/168238/inside-the-hunter-valley-station-access-wrangle
Bloody Nimbies.
“Ms Sage said her land covered historic mine tailing and regenerating bush. The bulk of it was covered by a QE2 covenant.”
My bold.
That’s right. However of what relevance is that?
I assume that you haven’t read the Q&A on the qeiinational trust website.
Under “What Can I Do in a protected area” it says
“you can usually build new walking and cycling tracks”. I’m sure that a cycling track could be arranged.
After all, mine tailings are hardly unique and neither is regenerating bush. It isn’t Tane Mahuta is it?
I’m the chairman of a group that has developed a 6 hectare wetland reserve, covered by a QE11 covenant and know that it can be difficult to change the original conditions of the covenant. You however, as “sure” a cycling track could be arranged. Curious. Your opinion of the value of “regenerating bush” is your own. Mine’s very different, as I imaging is Eugenie’s. You mention Tane Mahuta and I’m guessing you are referring to the kauri tree of that name, a treasure under threat from organisms brought into it’s root zone by …tourists. Possibly not the best example you could have chosen.
” Possibly not the best example you could have chosen.”.
It is the best possible example I could have chosen. It is unique and under threat. As such it deserves the very best care and protection we can manage.
Mine tailings and a bit of regenerating bush aren’t anything special are they?
Incidentally I wonder why, as reported in the article, only part of the land is under a covenant? She wouldn’t be planning to develop and build on it by any chance would she?
I don’t think that she’s trying to protect the mine tailings, it’s the regeneration of the bush that’s important here – though why the mine owners weren’t required to clean up their own mess I don’t know
Eugenie also said:
“I understand alternative routes are available, including on a nearby unformed public legal road and on other local tracks.””
As I said. In her opinion you can do it but not near me.
Bloody Nimbies.
That’s not her opinion, that’s yours. Her reasons given are sound. Yours are lacking substance and seem to result from your dislike for Eugenie. You’ve not made a case, just a screeching noise.
That’s all right Robert. I’m sorry you couldn’t answer my points and had to resort to abusing me. You’re usually better than that.
Oh well, I hope you enjoy the rest of your evening.
As Shakespeare put it in Act III of The Winter’s Tale about your departure.
“Exit left, pursued by a bear”
He did answer your points. Sage’s reasoning for declining the request is in the article: ” declined an early inquiry for the cycle trail to go across our land because of the clearance of indigenous vegetation this would have involved.”
Given that her purpose in having a QEII covenant on the land is so that it can regenerate indigenous vegetation, that reasoning seems sound.
You, on the other hand, haven’t offered any reasoning, just an ignorance-based assertion about Sage’s motivation. Why should anyone other than yourself care what your opinion is?
All good reasons if she was any private landowner. Not so good when you are the Minister.
What about when you are Associate Minister for the environment?
The problems with the Te Mata peak walking track highlights the importance of properly scrutinising proposals like this.
Not good that a Minister of the Environment doesn’t want native vegetation cleared from land that has a QEII covenant on it for regenerating native vegetation? I’m not seeing it. Can you point to the conflict between Sage’s decision as landowner and her role as Minister in this case?
I wouldn’t mind it if Alwyn believed their own shit. It’s A’s hypocrisy that really stinks.
Ratioed is a word.
https://screenshots.firefox.com/fvi8b0pnCTSN7CMb/twitter.com
https://www.merriam-webster.com/words-at-play/words-were-watching-ratio-ratioed-ratioing
Rutger Bregman on rent seekers and parasites.
This piece is about one of the biggest taboos of our times. About a truth that is seldom acknowledged, and yet – on reflection – cannot be denied. The truth that we are living in an inverse welfare state.
These days, politicians from the left to the right assume that most wealth is created at the top. By the visionaries, by the job creators, and by the people who have “made it”. By the go-getters oozing talent and entrepreneurialism that are helping to advance the whole world.
[…]
So entrenched is this assumption that it’s even embedded in our language. When economists talk about “productivity”, what they really mean is the size of your paycheck. And when we use terms like “welfare state”, “redistribution” and “solidarity”, we’re implicitly subscribing to the view that there are two strata: the makers and the takers, the producers and the couch potatoes, the hardworking citizens – and everybody else.
In reality, it is precisely the other way around. In reality, it is the waste collectors, the nurses, and the cleaners whose shoulders are supporting the apex of the pyramid. They are the true mechanism of social solidarity. Meanwhile, a growing share of those we hail as “successful” and “innovative” are earning their wealth at the expense of others. The people getting the biggest handouts are not down around the bottom, but at the very top. Yet their perilous dependence on others goes unseen. Almost no one talks about it. Even for politicians on the left, it’s a non-issue.
To understand why, we need to recognise that there are two ways of making money. The first is what most of us do: work. That means tapping into our knowledge and know-how (our “human capital” in economic terms) to create something new, whether that’s a takeout app, a wedding cake, a stylish updo, or a perfectly poured pint. To work is to create. Ergo, to work is to create new wealth.
But there is also a second way to make money. That’s the rentier way: by leveraging control over something that already exists, such as land, knowledge, or money, to increase your wealth. You produce nothing, yet profit nonetheless. By definition, the rentier makes his living at others’ expense, using his power to claim economic benefit.
https://www.theguardian.com/commentisfree/2017/mar/30/wealth-banks-google-facebook-society-economy-parasites
Joe90, That is very interesting.
Rentiers= those who have passive income from owning assets of various kinds Leveraging from creation
Workers= those who work to create or produce something new using human capital.
Creating new wealth
That makes sense even if quite radical.
Think about
‘Any ideas plans or apps you produce during your employment belong to the employer.’ (because work is valuable’) the employer is the rentier who will leverage off the work. Thank you Rutger Bregman and Joe90. Some study ahead.
maybe the Nats should roll Bridges and get the cartoon Bridges in as leader. Can’t be any more wooden and cartoonish than the real Bridges.
Mind, a got a bit confused when National released this “policy”. The news story kept switching between the cartoon bridges and the other Bridges. I found it hard to figure which was which. Once I had differentiated, the cartoon Bridges actually seemed more plausible and credible than the flesh Bridges.