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

  • Face to face meeting delivers significant progress on NZ-UK FTA
    New Zealand and the UK have committed to accelerating their free trade agreement negotiations with the aim of reaching an agreement in principle this August, Trade Minister Damien O’Connor announced. “We’ve held constructive and productive discussions towards the conclusion of a high-quality and comprehensive FTA that will support sustainable and inclusive trade, and ...
    BeehiveBy beehive.govt.nz
    17 hours ago
  • Government taking action to protect albatross
    New population figures for the critically endangered Antipodean albatross showing a 5 percent decline per year highlights the importance of reducing all threats to these very special birds, Acting Minister of Conservation Dr Ayesha Verrall says. The latest population modelling, carried out by Dragonfly Data Science, shows the Antipodean albatross ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Adoption laws under review
    New Zealand’s 66-year-old adoption laws are being reviewed, with public engagement beginning today.  Justice Minister Kris Faafoi said the Government is seeking views on options for change to our adoption laws and system. “The Adoption Act has remained largely the same since 1955. We need our adoption laws to reflect ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Wider roll-out of cameras on boats to support sustainability and protect marine life
    Up to 300 inshore commercial fishing vessels will be fitted with on-board cameras by 2024 as part of the Government’s commitment to protect the natural marine environment for future generations.  Minister for Oceans and Fisheries David Parker today announced the funding is now in place for the wider roll out ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Plan for vaccine rollout for general population announced
    New Zealanders over 60 will be offered a vaccination from July 28 and those over 55 from August 11, Prime Minister Jacinda Ardern announced today. The rollout of the vaccine to the general population will be done in age groups as is the approach commonly used overseas, with those over ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • New Zealand introduces Belarus travel bans
    New Zealand has imposed travel bans on selected individuals associated with the Lukashenko regime, following ongoing concerns about election fraud and human rights abuses after the 2020 Belarus elections, Foreign Affairs Minister Nanaia Mahuta has announced. The ban covers more than fifty individuals, including the President and key members of ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • NZ economy grows driven by households, construction and business investment
    The Government’s efforts to secure the recovery have been reflected in the robust rebound of GDP figures released today which show the economy remains resilient despite the ongoing impact of the COVID-19 pandemic, Grant Robertson said. GDP increased 1.6 percent in the first three months of 2021. The Treasury had ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Milestone 250th tower continues to improve rural connectivity
    The Government has welcomed the completion of the 250th 4G mobile tower, as part of its push for better rural connectivity. Waikato’s Wiltsdown, which is roughly 80 kilometres south of Hamilton, is home to the new tower, deployed by the Rural Connectivity Group to enable improved service to 70 homes ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Quarantine Free Travel pause with Victoria to lift on Tuesday
    Following a further public health assessment of the COVID-19 outbreak in greater Melbourne, New Zealand’s Quarantine Free Travel pause with Victoria has been extended to 11.59pm on Tuesday 22 June, COVID-19 Response Minister Chris Hipkins says. It has been determined that the risk to public health in New Zealand continues ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Prime Minister mourns passing of Dr Sir Ian Hassall
    Prime Minister Jacinda Ardern is mourning the passing of Dr Sir Ian Hassall, New Zealand’s first Children’s Commissioner and lifelong champion for children and children’s health. As a paediatrician Sir Ian contributed to a major world-first cot death study that has been directly credited with reducing cot deaths in New ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • APEC structural reform meeting a success
    APEC ministers have agreed working together will be crucial to ensure economies recover from the impact of COVID-19. Minister of Commerce and Consumer Affairs David Clark, chaired the virtual APEC Structural Reform Ministerial Meeting today which revolved around the overarching theme of promoting balanced, inclusive, sustainable, innovative and secure growth ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Digital hub to boost investment in forestry
    A new website has been launched at Fieldays to support the forestry sector find the information it needs to plant, grow and manage trees, and to encourage investment across the wider industry. Forestry Minister Stuart Nash says the new Canopy website is tailored for farmers, iwi and other forestry interests, ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Government continues support for rangatahi to get into employment, education and training
    Over 230 rangatahi are set to benefit from further funding through four new He Poutama Rangatahi programmes, Minister for Social Development and Employment Carmel Sepuloni announced today. “We’re continuing to secure our economic recovery from COVID by investing in opportunities for rangatahi to get into meaningful employment, education or training ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • NCEA subjects up for consultation
    The education sector, students, their parents, whānau and communities are invited to share their thoughts on a list of proposed NCEA subjects released today, Education Minister Chris Hipkins says. This is a significant part of the Government’s NCEA Change Programme that commenced in 2020 and will be largely implemented by ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Major investment in plantain forage programme aims to improve freshwater quality
    The Government is backing a major programme investigating plantain’s potential to help farmers protect waterways and improve freshwater quality, Acting Agriculture Minister Meka Whaitiri announced at Fieldays today. The Sustainable Food and Fibre Futures (SFFF) fund is contributing $8.98 million to the $22.23 million seven-year programme, which aims to deliver ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • America’s Cup decision
    The Minister responsible for the America’s Cup has confirmed the joint Crown-Auckland Council offer to host the next regatta has been declined by the Board of Team New Zealand. “The exclusive period of negotiation between the Crown, Auckland Council, and Team New Zealand ends tomorrow, 17 June,” said Stuart Nash. ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Food and fibres sector making significant strides towards New Zealand’s economic recovery
    The Government is backing the food and fibres sector to lead New Zealand's economic recovery from COVID-19 with targeted investments as part of its Fit for a Better World roadmap, Forestry Minister Stuart Nash said. “To drive New Zealand’s recovery, we launched the Fit for a Better World – Accelerating ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Speech to He Whenua Taurikura – New Zealand’s annual hui on countering terrorism and violent...
    Check against delivery Can I begin by acknowledging the 51 shuhada, their families and the Muslim community. It is because of the atrocious violent act that was done to them which has led ultimately to this, the start of a dialogue and a conversation about how we as a nation ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Cost of Government Southern Response proactive package released
    The Government has announced the proactive package for some Southern Response policyholders could cost $313 million if all those eligible apply. In December, the Minister Responsible for the Earthquake Commission, David Clark announced a proactive package for SRES claimants who settled their claims before October 2014. It trailed the judgment ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • New support to reduce emissions from public building and construction projects
    Government agencies are getting new support to reduce carbon emissions generated by construction of new buildings, with the release of practical guidance to shape decisions on public projects. The Ministers for Building and Construction and for Economic Development say a new Procurement Guide will help government agencies, private sector suppliers, ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • He Whenua Taurikura: New Zealand’s first Hui on Countering Terrorism and Violent Extremism
    The Prime Minister has opened New Zealand’s first hui on Countering Terrorism and Violent Extremism, which is being held in Christchurch over the next two days. The hui delivers on one of the recommendations from the report of the Royal Commission of Inquiry into the terrorist attack on Christchurch masjidain ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Speech to inaugural Countering Terrorism Hui
    E aku nui, e aku rahi, Te whaka-kanohi mai o rātou mā, Ru-ruku-tia i runga i te ngākau whakapono, Ru-ruku-tia i runga i te ngākau aroha, Waitaha, Ngāti Mamoe, Ngai Tahu, nāu rā te reo pohiri. Tena tātou katoa. Ki te kotahi te kakaho ka whati, ki te kapuia, e ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Campaign shines a light on elder abuse
    A new campaign is shining a spotlight on elder abuse, and urging people to protect older New Zealanders. Launched on World Elder Abuse Awareness Day, the Office for Seniors’ campaign encourages friends, whānau and neighbours to look for the signs of abuse, which is often hidden in plain sight. “Research suggests ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Farewelling sports administrator and philanthropist Sir Eion Edgar
    Sport and Recreation Minister Grant Robertson today expressed his sorrow at the passing of Sir Eion Edgar – a leading sports administrator and celebrated philanthropist who has made a significant impact both within and beyond the sport sector. “Sir Eion’s energy, drive and generosity has been truly immense. He leaves ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Government to apologise for Dawn Raids
    The Government will make a formal apology for the wrongs committed during the Dawn Raids of the 1970’s. Between 1974 and 1976, a series of rigorous immigration enforcement policies were carried out that resulted in targeted raids on the homes of Pacific families. The raids to find, convict and deport overstayers ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Humanitarian support for Bangladesh and Myanmar
    Foreign Affairs Minister Nanaia Mahuta today announced that New Zealand is providing NZ $8.25 million in humanitarian assistance to support refugees and their host populations in Bangladesh and to support humanitarian need of internally displaced and conflict affected people in Myanmar.  “Nearly four years after 900,000 Rohingya crossed the border ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Poroporoaki: Dame Georgina Kamiria Kirby
    E Te Kōkō Tangiwai, Te Tuhi Mareikura, Te Kākākura Pokai kua riro i a matou. He toka tū moana ākinga ā tai, ākinga ā hau, ākinga ā ngaru tūātea.  Haere atu rā ki te mūrau a te tini, ki te wenerau a te mano.  E tae koe ki ngā rire ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Feedback sought on future of housing and urban development
    New Zealanders are encouraged to have their say on a long-term vision for housing and urban development to guide future work, the Housing Minister Megan Woods has announced. Consultation starts today on a Government Policy Statement on Housing and Urban Development (GPS-HUD), which will support the long-term direction of Aotearoa ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Clean car package to drive down emissions
    New rebates for electric and plug-in hybrid vehicles start July 1 with up to $8,625 for new vehicles and $3,450 for used. Electric vehicle chargers now available every 75km along most state highways to give Kiwis confidence. Low Emission Transport Fund will have nearly four times the funding by 2023 ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Progress towards simpler process for changing sex on birth certificates
    The Government is taking the next step to support transgender, non-binary and intersex New Zealanders, by progressing the Births, Deaths, Marriages and Relationships Registration Bill, Minister of Internal Affairs, Jan Tinetti announced today. “This Government understands that self-identification is a significant issue for transgender, non-binary and intersex New Zealanders, and ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Crown speeds up engagement with takutai moana applicants
    The Crown is taking a new approach to takutai moana applications to give all applicants an opportunity to engage with the Crown and better support the Māori-Crown relationship, Treaty of Waitangi Negotiations Minister Andrew Little says. Following discussions with applicant groups, the Crown has reviewed the existing takutai moana application ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Alcohol and Other Drug Treatment (AODT) Court opens
    The Minister of Justice, Kris Faafoi, and the Minister for Courts, Aupito William Sio, have welcomed the opening of a new Alcohol and Other Drug Treatment (AODT) Court in Hamilton. The AODT Court (Te Whare Whakapiki Wairua) addresses situations where substance abuse and offending are intertwined. “New Zealanders have told ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • EU and UK FTAs top of list for first ministerial trip since COVID-19
    Trade and Export Growth Minister Damien O’Connor today announced details of his planned visit to the United Kingdom and European Union next week, where he will hold trade and agriculture discussions to further New Zealand’s economic recovery from COVID-19. The visit will add political weight to ongoing negotiations with both the EU ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Arihia Bennett to chair Royal Commission Ministerial Advisory Group
    Te Rūnanga o Ngāi Tahu chief executive Arihia Bennett MNZM has been appointed chair of the newly appointed Ministerial Advisory Group on the Government’s Response to the Royal Commission of Inquiry into the terrorist attack on Christchurch mosques. “Twenty-eight people from diverse backgrounds across Aotearoa have been selected for the ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Speech to the New Zealand Medical Association General Practitioners' Conference, Rotorua
    Ki ngā pou maha o te whare hauora o Aotearoa, kei te mihiTo the pillars of our health system I acknowledge/thank you Ki te ope hapai hauora o roto o tēnei rūma, kei te mihi To our health force here in the room today, I acknowledge/thank you He taura tangata, ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Karangahape Road upgrades are streets ahead
    The upgrades to Karangahape Road makes the iconic street more pedestrian and cycle-friendly, attractive and environmentally sustainable, Transport Minister Michael Wood and Auckland Mayor Phil Goff said at the formal celebration of the completion of the Karangahape Road Enhancements project. The project included widening footpaths supporting a better outdoor dining ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Speech to APEC business event
    E ngā tumu herenga waka, ākina ā ngaru, ākina ā tai ka whakatere ngā waka ki te whakapapa pounamu, otirā, ki Tamaki o ngā waka Tena koutou katoa… To the great leaders assembled, who guided your waka through turbulent times, challenging waters and you continue to navigate your respective waka ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Pause on Quarantine Free Travel with Victoria extended
    Following an assessment of the COVID-19 outbreak in greater Melbourne, New Zealand’s Quarantine Free Travel pause with Victoria will continue for a further seven days, COVID-19 Response Minister Chris Hipkins says. There are now 93 cases associated with the outbreak in greater Melbourne, spread over four clusters. Contact tracing efforts ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Supplier Diversity Aotearoa Summit: Navigate 2021
    *** Check with delivery *** A mihi to all who have contributed to making today a success – starting with you! As you have explored and navigated government procurement today you will hopefully have reflected on the journey of our people so far – and how you can make a ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Pukemiro School to close
    Pukemiro Primary School near Huntly will close following years of declining roll numbers, Education Minister Chris Hipkins announced today. “I’ve consulted with the School Commissioner, and this decision acknowledges the fact that the few remaining students from last term are now settled at other nearby schools. “I want to thank ...
    BeehiveBy beehive.govt.nz
    1 week ago