web analytics

Labour vs National on economic vision

Written By: - Date published: 12:00 pm, July 15th, 2011 - 34 comments
Categories: capital gains, Economy, privatisation - Tags:



Hmm. I’m still not sure how English would guarantee the assets don’t fall into private hands and neither, clearly, is he. What’s his view on CGT? The truth may surprise you:

34 comments on “Labour vs National on economic vision ”

  1. deemac 1

    on Morning Report today, English said he was “concentrating” on improving the economy.
    I’d love to know what this “concentration” consists of – maybe the literal meaning, ie “thinking hard”? It certainly doesn’t seem to manifest itself in any actual plan.

    • Blighty 1.1

      In fairness to English, he’s concentrated on the economy so hard that it’s now 2% per capita smaller than when he came to office. At this rate, we’ll be back where we started in 2014.

      • Rusty Shackleford 1.1.1

        If Labour were still in power, would you be blaming them for a world financial crisis? (Not defending National in any way).

        • The Voice of Reason 1.1.1.1

          “Not defending National in any way”
           
          Attack is the best form of defence, Rusty. But attacking Labour for National’s failings is just plain stupid. Watch the vid’s then comment, you’ll look less like a tool that way.

          • Rusty Shackleford 1.1.1.1.1

            I’m not attacking Labour either. I’m just saying it is illogical to blame National for a recession that started before they gained power and affected economies of all stripes around the world.

            • freedom 1.1.1.1.1.1

              no-one is blaming National for a global-crisis, they are blaming National for doing nothing constructive to help New Zealand get through the crisis with its head above water.

              • Rusty Shackleford

                What are they supposed to do “to help New Zealand get through the crisis with its head above water.”

                • freedom

                  lets start with not giving guarantees and subsequently a billion plus to a finance company that Treasury told them was known to be in trouble

                  • Rusty Shackleford

                    I agree. They should do nothing.

                    • freedom

                      i wish they had done nothing, but the cuts to kiwisaver, the cullen fund, the borrowing $9billion USD during the bankers bailouts, the deconstruction of a succesfull adult education system, the ongoing manipulation of law and democracy, these are things they have done and now have to be undone.

                      The true costs of many of these policies are not even beginning to surface. When they do i am sure the Government of the day will be blamed, regardless of where the fault duly lies.

                • Colonial Viper

                  What are they supposed to do “to help New Zealand get through the crisis with its head above water.”

                  Sell off our strategic state assets and transfer more tax burden on to the median and low income earner of course.

                  While cutting social service spending and adding public sector workers to the long term unemployment queues.

                  And of course borrowing far more than is needed, finding that international lenders actually like lending to NZ, even as English bleats that we have too much debt because of that no one will want to lend to us.

            • McFlock 1.1.1.1.1.2

              That’s a wee bit inconsistent, Rusty – only a few days ago you were talking about how Harding ended the 1920 Depression simply by taking the oath of office, as in the recovery started before he could widen the tax base and continue Wilson’s balanced budget.

              By your logic, the continued stunted GDP growth *is* Key’s fault, regardless of the GFC. 

        • mik e 1.1.1.2

          So who has borrowed all the money then, we didn,t need to borrow anywhere near what borrowing bill has borrowed ,for tax cuts for the rich now he,s got an excuse to sell of the highly performing assets which are returning 17.6% per annum to pay borrowings at 5.5% per annum which means in the long run the tax payer is subsidizing those asset sales for the benefit of only a few new owners. I wouldn.t mind so much if those assets were only returning 5.5% per annum it would make sense or if he sold them for their true worth but he is not , except maybe for Air New Zealand and Solid Energy .We have already seen whats happened with Air New Zealand if airlines go through another lean period who,s going to to front up withe money to keep it and our tourism afloat.

          • Hennie van der Merwe 1.1.1.2.1

            mik e

            IMO it would possibly have made sense if one could pay off all one’s debt by selling off some assets, however to pay of a mere 10% by selling off around 50% of your income producing assets can never make any sort of sense.

  2. Blighty 2

    Cunliffe and Goff are toying with English and Key now. Check out Cunliffe on Breakfast:

    “Some critics like Bill English say the problem is it’s not comprehensive enough – it doesn’t tax everybody,” he said.

    “(But) John Key uses the Chicken Little argument ‘the sky is falling in, he’s never seen such a big bad tax’, I think the Government needs to decide which side of the argument it’s on.”

    Cunliffe said he was not afraid of wealthy Kiwis moving away from the country.

    “You might go to Australia where the tax rate is 46 cents in the dollar, not 39 as we’re proposing, or where the Capital Gains Tax is 33 cents at the marginal rate not 15 cents… I don’t think so.”

    “We think we’ve hit a fair balance here. Most people won’t pay the (capital gains) tax, probably only 8% of New Zealanders in a given year. There’s no retrospective component, the family home is exempt and personal property is exempt. We’ve even got Canterbury out of the net for the next five years after the election.”

  3. chris73 3

    Is it me or does Cunliffe look more…Prime Ministerial then Goff?

    Meaning if you look at both of them together one looks like a leader and the other looks like…a middle manager

    • Lanthanide 3.1

      I think you’re just not used to seeing someone in charge of a finance portfolio that can do a decent job.

      • chris73 3.1.1

        True, Cullen and Douglas were pretty hopeless

        • Lanthanide 3.1.1.1

          That’s all you could manage?

          • chris73 3.1.1.1.1

            There are more?

            • Macro 3.1.1.1.1.1

              Yes there were (are) more – although you obviously haven’t noticed them. Richardson, and English to name but two. Why haven’t you noticed them? Well Richardson just carried on the work of Douglas. And English? Well that’s just the point of this post – what HAS he done that is in anyway constructive?

      • Afewknowthetruth 3.1.2

        ‘someone in charge of a finance portfolio that can do a decent job’

        Bearing in mind that the monetary system is based on fraud (creation of money out of thin air and charging interest on that money), how is it possible for anyone to do a decent job?

        The system is fraudulent, so surely anyone who operates the system must be a fraudster.

        Isn’t that the whole point about the western political-economic system: everything is based on fabrications and lies.

  4. randal 4

    phil is the leader.
    no doubt about it.

  5. Jim Nald 5

    Labour/Greens: Economic Vision
    National/ACT: Economic Voodoo

  6. Craig Glen Eden 6

    Nice job by David Cunliffe on this mornings Business show and equally good job by Phil Goff on Campbell Live last night. No wonder the right are in a spin.

  7. chris73 7

    Actually is it just me or does Cunliffe look a bit like Paul Ego?

  8. Tangled up in blue 8

    Yep Labours economic vision is miles ahead of Nationals.

    Apart from the GST off fruit & veg.

  9. Tanz 9

    Will this win Labour the election though? Key is just too popular, that has to be a factor. He can do no wrong, it seems. Key is supposedly the most popular PM of NZ, ever. I don’t get why though.

    • Colonial Viper 9.1

      OK perhaps voters will agree to make him host of NZ’s Next Top Model, and then we can get a proper PM?

      • chris73 9.1.1

        Feel Goofy might be a better candidate since hes got more experience with hair dye and he’ll be looking for a new job soon…

Links to post

Recent Comments

Recent Posts

  • Tokelau Language Week reminds us to stay united and strong
    Staying strong in the face of challenges and being true to our heritage and languages are key to preserving our cultural identity and wellbeing, is the focus of the 2020 Tokelau Language Week. Minister for Pacific Peoples, Aupito William Sio, says this year’s theme, ‘Apoapo tau foe, i nā tāfea ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • NZ announces a third P-3 deployment in support of UN sanctions
    The Government has deployed a Royal New Zealand Air Force P-3K2 Orion (P-3) maritime patrol aircraft to support the implementation of United Nations Security Council (UNSC) resolutions imposing sanctions against North Korea, announced Minister of Foreign Affairs Winston Peters and Minister of Defence Ron Mark. “New Zealand has long supported ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Pacific trade and development agreement a reality
    Pacific regional trade and development agreement PACER Plus will enter into force in 60 days now that the required eight countries have ratified it. Trade and Export Growth Minister David Parker welcomed the announcement that the Cook Islands is the eighth nation to ratify this landmark agreement. “The agreement represents ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Securing a pipeline of teachers
    The Government is changing its approach to teacher recruitment as COVID-19 travel restrictions continue, by boosting a range of initiatives to get more Kiwis into teaching. “When we came into Government, we were faced with a teacher supply crisis,” Education Minister Chris Hipkins said. “Over the past three years, we ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Border exceptions for a small number of international students with visas
    The Government has established a new category that will allow 250 international PhD and postgraduate students to enter New Zealand and continue their studies, in the latest set of border exceptions. “The health, safety and wellbeing of people in New Zealand remains the Government’s top priority. Tight border restrictions remain ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • First COVID-19 vaccine purchase agreement signed
    The Government has signed an agreement to purchase 1.5 million COVID-19 vaccines – enough for 750,000 people – from Pfizer and BioNTech, subject to the vaccine successfully completing all clinical trials and passing regulatory approvals in New Zealand, say Research, Science and Innovation Minister Megan Woods and Health Minister Chris Hipkins. ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • International statement – End-to-end encryption and public safety
    We, the undersigned, support strong encryption, which plays a crucial role in protecting personal data, privacy, intellectual property, trade secrets and cyber security.  It also serves a vital purpose in repressive states to protect journalists, human rights defenders and other vulnerable people, as stated in the 2017 resolution of the ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Ministry of Defence Biodefence Assessment released
    The Ministry of Defence has today released a Defence Assessment examining Defence’s role across the spectrum of biological hazards and threats facing New Zealand. Biodefence: Preparing for a New Era of Biological Hazards and Threats looks at how the NZDF supports other agencies’ biodefence activities, and considers the context of ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • New Approaches to Economic Challenges: Confronting Planetary Emergencies: OECD 9 October 2020
    New Approaches to Economic Challenges: Confronting Planetary Emergencies: OECD 9 October 2020 Hon David Parker’s response following Thomas Piketty and Esther Duflo. Good morning, good afternoon, and good evening, wherever in the world you might be. I first acknowledge the excellent thought provoking speeches of Thomas Piketty and Esther ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Kaipara Moana restoration takes next step
    A Memorandum of Understanding has been signed today at Waihāua Marae between the Crown, local iwi and councils to protect, restore and enhance the mauri of Kaipara Moana in Northland. Environment Minister David Parker signed the document on behalf of the Crown along with representatives from Ngā Maunga Whakahī, Ngāti ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • New Zealand and Uruguay unite on reducing livestock production emissions
    Agriculture Minister Damien O’Connor and Uruguayan Minister of Livestock, Agriculture and Fisheries Carlos María Uriarte have welcomed the launch of a three-year project that will underpin sustainable livestock production in Uruguay, Argentina, and Costa Rica.  The project called ‘Innovation for pasture management’ is led by Uruguay’s National Institute of Agricultural ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • 3100 jobs created through marae upgrades
    Hundreds of marae throughout the country will be upgraded through investments from the Provincial Growth Fund’s refocused post COVID-19 funding to create jobs and put money into the pockets of local tradespeople and businesses, Regional Economic Development Minister Shane Jones and Māori Development Minister Nanaia Mahuta have announced. “A total ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • Health volunteers recognised in annual awards
    Health Minister Chris Hipkins has announced 9 teams and 14 individuals are the recipients of this year’s Minister of Health Volunteer Awards.  “The health volunteer awards celebrate and recognise the thousands of dedicated health sector volunteers who give many hours of their time to help other New Zealanders,” Mr Hipkins ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • Community COVID-19 Fund supports Pacific recovery
    The Minister for Pacific Peoples, Aupito William Sio says a total of 264 groups and individuals have successfully applied for the Pacific Aotearoa Community COVID-19 Recovery Fund, that will support Pacific communities drive their own COVID-19 recovery strategies, initiatives, and actions. “I am keen to see this Fund support Pacific ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • Community benefits from Māori apprenticeships
    Up to 50 Māori apprentices in Wellington will receive paid training to build houses for their local communities, thanks to a $2.75 million investment from the Māori Trades and Training Fund, announced Employment Minister Willie Jackson today. “This funding will enable Ngāti Toa Rangatira Incorporated to provide its Ngā Kaimahi ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • Training fund supports Māori jobseekers
    Rapidly growing sectors will benefit from a $990,000 Māori Trades and Training Fund investment which will see Wellington jobseekers supported into work, announced Employment Minister Willie Jackson today. “This funding will enable Sapphire Consultants Ltd. to help up to 45 Māori jobseekers into paid training initiatives over two years through ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • Ruakura Inland Port development vital infrastructure for Waikato
    The Government is investing $40 million to develop an inland port at Ruakura which will become a freight super-hub and a future business, research and residential development for the Waikato, Urban Development and Transport Minister Phil Twyford, and Māori Development Minister Nanaia Mahuta announced today. The funding has been has ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • Appointments made to Defence Expert Review Group
    Defence Minister Ron Mark announced today the establishment of an Expert Review Group to review a number of aspects of the New Zealand Defence Force’s (NZDF) structure, information management and record-keeping processes.  The Expert Review Group’s work arises out of the first recommendation from the Report of the Government’s Inquiry ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • No active community cases of COVID-19
    There are no active community cases of COVID-19 remaining in the country after the last people from the recent outbreak have recovered from the virus, Health Minister Chris Hipkins said today. “This is a big milestone. New Zealanders have once again through their collective actions squashed the virus. The systems ...
    BeehiveBy beehive.govt.nz
    3 weeks ago