Folks here collectively covered a significant performance lapse by the Nats yesterday. The leader took it on the chin while the Bish doubled-down was what I saw of their handling of the discrepancy between 1 & 35. Went onto the RNZ site early this morning to see how the pros were framing it. Zilch. Oh well, let's see how Morning Report copes. Meanwhile, at the media interface…
"Hey Lux, how come you & Bish can't get facts from the govt website?"
"Well my minder reckons you're meant to blame a junior staffer at moments like this. Seems clever, eh? Must've been temporarily out to lunch. Lot of mental health issues around you know, can't expect us to be exempt."
"Our team meant to say one outlet… in a town across Northland but we got it wrong. What I've said is look, we got that wrong.
He's quite right, he has actually said that. RNZ has quoted him saying so. It must, therefore, be true.
Asked if he had evidence the government's plan would stop as many people smoking as the status quo, Luxon said: "I'm not sure that the previous Labour government's approach had a guaranteed model of how it would reduce [rates]."
A nifty dodge. Evidence of anything is often elusive. Best not to claim having noticed any because someone might check & it may have drifted away in the interim.
Floating the notion that Labour may have had a guaranteed model is an adept touch: models are so rarely guaranteed that I've never encountered one that is. If you do, read the fine print on that guarantee extremely carefully!
National, which has traditionally taken a responsible blue-green approach to environmental management, has traded away many of those principles in favour of a radical anti-environment policy programme. The politics of the campaign period are morphing into revenge politics of a Government wanting to undo anything that has happened during the past six years, irrespective of its merits. This will ultimately come at the expense of our environment and economy.
He does a succinct policy review then fronts this triad:
There are three key big-picture points to note. First, our system of government relies on the courts to provide checks on executive decision-making. They will likely be busy.
Secondly, the interests of tangata whenua and ENGOs will likely be more powerfully aligned than ever before.
And thirdly, New Zealanders didn’t vote for polluted rivers, habitat loss and species extinctions and are likely to make that clear when they next go to the ballot box.
The EDS has an extensive bluegreen track record & he's been driving it a long time. Centrist disquiet must be spreading, you'd think. Already.
The time has come when this sort of behaviour is treated as a serious crime. No more the soft touch treatment because it doesn't work with these types. They have messed up heads and capable of causing irreparable harm to many people – not to mention the lives potentially lost through their crack-pot claims.
I guessed he had been 'encouraged' to do what he did. So, when are the police going to surround Ms Gunn's house? Its poppycock of course because the media would have been on to it if it were true.
You could start a fashion trend: customised ear-muffs. Essential cultural protection for any shopper at this time of year. Best not to incorporate the tinfoil hat design – you'll attract a plethora of unwanted new friends…
My fave hate is the Jose Feliciano one, in which he seems to have set out to prove he can't sing and makes a compelling proof out of the performance…
Elderly couple may lose their home due to Council charging affected ratepayers $48k for a new sewerage scheme to protect Lake Tarawera. The lake must be protected of course, but this is a consequence of how the work is funded.
Fast forward to the cost of repairing future climate change-induced damage, and expect to see this problem writ large. The young will be (already are) unable to afford homes, while the elderly will be unable to retain them. Who will end up owning them all?
And you can bet the price of this particular example won't stop at $29 million, either. Pay $48,000 in a lump now, and expect further levies "to meet unforeseen costs", or opt for instalments which will increase relentlessly and substantially over that ten-year period? What a bloody choice.
And anyway, why are only those 450 current residents being expected to meet three-quarters of the overall expense? The benefits of an unpolluted lake are going to be shared by a great many more people than that, and over the course of generations to come as well. User pays, dammit!
I went for a look & you're quite right. He is a good writer making valid points well.
the truth is that the truth actually matters.
Unfashionable view, but I ain't gonna argue. Trouble is, Lux may not have had the Reader's Digest lying around constantly as he grew up. I lost count of how many times I read "Honesty is the best policy" as a child. Zillions.
He does take contributions, and many of us have donated extra subscriptions to allow others to read his pieces. He puts important ones in the "Free" section.
Like Gerard Otto he is a voice of reason on the Left. Cheers.
New Zealand made a brief appearance in yesterday’s fossil fuel debate. It won the first Fossil of the Day award of this COP for the National-led government’s campaign promise to revoke the previous government’s ban on offshore oil exploration beyond Taranaki’s coastal waters.
I'm not a fan of hers but will give this the benefit of the doubt:
Labour's new revenue spokesperson Deborah Russell believes it might be time to "seriously" look at a capital gains tax (CGT).
Russell, a former tax lecturer who was last week appointed to the revenue role now that Labour is in Opposition, says she believes a CGT would be simpler to implement than a wealth tax, which both the Greens and Te Pāti Māori campaigned on at the election.
She said she believed wealth taxes "are largely unknown" and it would be "complicated to explain it to people".
“Unknown”, “complicated” – real sophisticated argument. It’s called an apologetic on behalf of those with established wealth via high value property. Most counties with a CGT (35/36 in the OECD) also have an estate tax (24/36).
The weakness of a CGT on CG not related to property covered by the bright-line test is that it can become a tax on the productive sector – we want people buying share issues to assist the real economy.
The bright-line test and the restriction of the mortgage cost deduction to new builds were of a design to re-direct investment to productive use.
And her reference to a study in 2016 – before Labour brought in the 5 year and then 2 bright-line test. The bright-line test in place by 2016 was one at 10 years and had brought in no revenue at that time.
Back in 1983 Douglas argued a preference for an assets tax to a CGT and in the end did neither (and with a deduction for mortgage cost against taxable rent income in place) . Thus set up a generation of borrowing (floating the dollar allowed more money inflow) to speculate on rising property values.
A CGT also incentivises government with revenue gain from a rise in property values, rather than focus on affordability of housing.
And landlords just avoid the tax by adding more property to their stock without selling any. Becoming wealthier and wealthier without any tax liability.
"She said she believed wealth taxes "are largely unknown" and it would be "complicated to explain it to people"."
Somewhat disingenuous….there is nothing more complicated about 'explaining' a wealth tax as opposed to a CGT…..but it may be hard to explain that you wont implement one because you fear capital flight.
There are around 5 countries with a wealth tax and 130 odd with a CGT.
Whatever proposal they end up with is sure to provide plenty of loopholes in any case as in a world of free capital movement the fear of capital flight governs them all…..governments no longer control their economies, they merely manage them for the international financiers.
So you're advocating capital controls?….that is agin the free movement of capital which is one of the underpinnings of the neolib (Washington) consensus.
Luxon & Willis are just finishing their press conference. He was reassuring on the bluegreen front & emphatic about helping Maori. They were doing a co-leader stance visually & verbally, dunno if they realised it though.
Willis said the government's mini-Budget would be released on 20 December alongside Treasury's half-year economic and fiscal update.
Luxon said the government was focusing on the 100-day plan, but was also looking at longer term one-year and three-year plans.
That design will secure traction. That's because 3 in nature creates process (in physics action = energy x time). When a 4th element blends in (structure) we get systems.
I agree with Deborah Russell, a CGT would be much easier, a wealth tax would mean a huge leap in the number of bloody Tax Accountants and they would charge more than the WT would bring in. The key is that the simpler the system the better. Wealth is more easily hidden, CG not so much.
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A new independent review function will enable individuals and organisations to seek an expert independent review of specified civil aviation regulatory decisions made by, or on behalf of, the Director of Civil Aviation, Acting Transport Minister James Meager has announced today. “Today we are making it easier and more affordable ...
The Government will invest in an enhanced overnight urgent care service for the Napier community as part of our focus on ensuring access to timely, quality healthcare, Health Minister Simeon Brown has today confirmed. “I am delighted that a solution has been found to ensure Napier residents will continue to ...
Health Minister Simeon Brown and Mental Health Minister Matt Doocey attended a sod turning today to officially mark the start of construction on a new mental health facility at Hillmorton Campus. “This represents a significant step in modernising mental health services in Canterbury,” Mr Brown says. “Improving health infrastructure is ...
Finance Minister Nicola Willis has welcomed confirmation the economy has turned the corner. Stats NZ reported today that gross domestic product grew 0.7 per cent in the three months to December following falls in the June and September quarters. “We know many families and businesses are still suffering the after-effects ...
The sealing of a 12-kilometre stretch of State Highway 43 (SH43) through the Tangarakau Gorge – one of the last remaining sections of unsealed state highway in the country – has been completed this week as part of a wider programme of work aimed at improving the safety and resilience ...
Deputy Prime Minister and Foreign Minister Winston Peters says relations between New Zealand and the United States are on a strong footing, as he concludes a week-long visit to New York and Washington DC today. “We came to the United States to ask the new Administration what it wants from ...
Associate Justice Minister Nicole McKee has welcomed changes to international anti-money laundering standards which closely align with the Government’s reforms. “The Financial Action Taskforce (FATF) last month adopted revised standards for tackling money laundering and the financing of terrorism to allow for simplified regulatory measures for businesses, organisations and sectors ...
Associate Health Minister David Seymour says he welcomes Medsafe’s decision to approve an electronic controlled drug register for use in New Zealand pharmacies, allowing pharmacies to replace their physical paper-based register. “The register, developed by Kiwi brand Toniq Limited, is the first of its kind to be approved in New ...
The Coalition Government’s drive for regional economic growth through the $1.2 billion Regional Infrastructure Fund is on track with more than $550 million in funding so far committed to key infrastructure projects, Regional Development Minister Shane Jones says. “To date, the Regional Infrastructure Fund (RIF) has received more than 250 ...
[Comments following the bilateral meeting with United States Secretary of State, Marco Rubio; United States State Department, Washington D.C.] * We’re very pleased with our meeting with Secretary of State Marco Rubio this afternoon. * We came here to listen to the new Administration and to be clear about what ...
The intersection of State Highway 2 (SH2) and Wainui Road in the Eastern Bay of Plenty will be made safer and more efficient for vehicles and freight with the construction of a new and long-awaited roundabout, says Transport Minister Chris Bishop. “The current intersection of SH2 and Wainui Road is ...
The Ocean Race will return to the City of Sails in 2027 following the Government’s decision to invest up to $4 million from the Major Events Fund into the international event, Auckland Minister Simeon Brown says. “New Zealand is a proud sailing nation, and Auckland is well-known internationally as the ...
Improving access to mental health and addiction support took a significant step forward today with Mental Health Minister Matt Doocey announcing that the University of Canterbury have been the first to be selected to develop the Government’s new associate psychologist training programme. “I am thrilled that the University of Canterbury ...
Health Minister Simeon Brown has today officially opened the new East Building expansion at Manukau Health Park. “This is a significant milestone and the first stage of the Grow Manukau programme, which will double the footprint of the Manukau Health Park to around 30,000m2 once complete,” Mr Brown says. “Home ...
The Government will boost anti-crime measures across central Auckland with $1.3 million of funding as a result of the Proceeds of Crime Fund, Auckland Minister Simeon Brown and Associate Justice Minister Nicole McKee say. “In recent years there has been increased antisocial and criminal behaviour in our CBD. The Government ...
The Government is moving to strengthen rules for feeding food waste to pigs to protect New Zealand from exotic animal diseases like foot and mouth disease (FMD), says Biosecurity Minister Andrew Hoggard. ‘Feeding untreated meat waste, often known as "swill", to pigs could introduce serious animal diseases like FMD and ...
Prime Minister Christopher Luxon and Indian Prime Minister Narendra Modi held productive talks in New Delhi today. Fresh off announcing that New Zealand and India would commence negotiations towards a Comprehensive Free Trade Agreement, the two Prime Ministers released a joint statement detailing plans for further cooperation between the two countries across ...
Agriculture and Trade Minister Todd McClay signed a new Memorandum of Cooperation (MOC) today during the Prime Minister’s Indian Trade Mission, reinforcing New Zealand’s commitment to enhancing collaboration with India in the forestry sector. “Our relationship with India is a key priority for New Zealand, and this agreement reflects our ...
Agriculture and Trade Minister Todd McClay signed a new Memorandum of Cooperation (MOC) today during the Prime Minister’s Indian Trade Mission, reinforcing New Zealand’s commitment to enhancing collaboration with India in the horticulture sector. “Our relationship with India is a key priority for New Zealand, and this agreement reflects our ...
Attorney-General Judith Collins today announced the appointment of two new Family Court Judges. The new Judges will take up their roles in April and May and fill Family Court vacancies at the Auckland and Manukau courts. Annette Gray Ms Gray completed her law degree at Victoria University before joining Phillips ...
Health Minister Simeon Brown has today officially opened Wellington Regional Hospital’s first High Dependency Unit (HDU). “This unit will boost critical care services in the lower North Island, providing extra capacity and relieving pressure on the hospital’s Intensive Care Unit (ICU) and emergency department. “Wellington Regional Hospital has previously relied ...
Namaskar, Sat Sri Akal, kia ora and good afternoon everyone. What an honour it is to stand on this stage - to inaugurate this august Dialogue - with none other than the Honourable Narendra Modi. My good friend, thank you for so generously welcoming me to India and for our ...
Source: The Conversation (Au and NZ) – By Alan Bradshaw, Professor of Marketing, Royal Holloway University of London US alcohol has been removed from sale in the Canadian province of British Columbia.lenic/Shutterstock As politicians around the world scramble to respond to US “liberation day” tariffs, consumers have also begun ...
While public opinion of Israel plummets, each day the genocide continues without significant repercussions only reinforces that they can ignore this opinion, writes Alex Foley.SPECIAL REPORT:By Alex Foley Israel announced that Hossam Shabat was a “terrorist” alongside six other Palestinian journalists. Hossam predicted they would assassinate him. He ...
Ngāi Tahu’s senior lawyer was in full flight on the final day of an eight-week High Court hearing when the judge brought him to a screeching halt.Barrister Chris Finlayson KC led the case for Ngāi Tahu, the South Island iwi that said a wai māori (freshwater) crisis prompted it to ...
Madeleine Chapman reflects on a week of bleak reading. Nothing in life is free. Everyone knows that. But for a blissful eight months, my commute was. After closing Mount Eden station nearly a decade ago to redevelop it, Auckland Transport eventually opened a new, frequent bus route (64) to connect ...
Out of the little playground kiosk at Petone beach, Mariana’s Kitchen is serving up perfect, authentic empanadas. It was a perfect Wellington day: the sun was shining and the wind was blowing. In its gust the word “OPEN” flashed on a red and yellow banner on the Petone foreshore. From ...
As Daylight Saving comes to an end, let us remember the local naturalist who came up with the idea so he could spend more time searching for insects in the Karori Bush.Here in the south, the signs are everywhere. Beanies are creeping onto heads and people are starting to ...
Lyric Waiwiri-Smith chats to Marlon Williams about the six-year journey to releasing Te Whare Tīwekaweka, his first album entirely in te reo Māori.Singer-songwriter Marlon Williams (Ngāi Tahu, Ngāi Tai) remembers a childhood where speaking “household Māori” was as everyday as the waves which crash into the harbour of Ōhinehou. ...
The journalist and author takes us through her life in television, including her biggest live TV regret and the Succession moment she witnessed first hand. This week, journalist and broadcaster Ali Mau released No Words For This, a “gripping, generous, revelatory and layered” memoir that reveals shocking family secrets, explores ...
After ten rings Tracey hung up. She started the car; an orange petrol light appeared. It appeared yesterday on the way home, but Tracey decided to deal with it today. She opened her phone and first looked for specials on the BP app and then on Caltex, but there was ...
It has all the qualities of an aircraft but with its rocket engine, the Dawn Mk-II Aurora can fly faster and higher than any jet.“We have a real path to this being the first vehicle that flies to 100km altitude – the border of space – twice in a day,” ...
The agitated and perpetually frightened right wingBy spending a lot of time online while eating spaghetti on toast in small rooms and staying up all hours, illuminated by the ghostly white screen of the PC, and worrying about what could go wrong in the world if the left wing got ...
Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra Anthony Albanese has announced that the government will ensure the Port of Darwin, currently leased by the Chinese company Landbridge, is returned to Australian hands. “Australia needs to own the Port of Darwin,” the prime ...
Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra Anthony Albanese has announced that the government will ensure the Port of Darwin, currently leased by the Chinese company Landbridge, is returned to Australian hands. “Australia needs to own the Port of Darwin,” the prime ...
Now that Phil Goff has ended his term as New Zealand’s High Commissioner to the UK, he is officially free to speak his mind on the damage he believes the Trump Administration is doing to the world. He has started with these comments he made on the betrayal of Ukraine ...
Source: The Conversation (Au and NZ) – By Peter Draper, Professor, and Executive Director: Institute for International Trade, and Jean Monnet Chair of Trade and Environment, University of Adelaide On April 2, United States President Donald Trump unveiled a sweeping new “reciprocal tariff” regime he says will level the playing ...
Source: The Conversation (Au and NZ) – By Toby Murray, Professor of Cybersecurity, School of Computing and Information Systems, The University of Melbourne Several of Australia’s biggest superannuation funds have suffered a suspected coordinated cyberattack, with scammers stealing hundreds of thousands of dollars of members’ retirement savings. Superannuation funds ...
Democracy Now! Jewish students at Columbia University chained themselves to a campus gate across from the graduate School of International and Public Affairs (SIPA) this week, braving rain and cold to demand the school release information related to the targeting and ICE arrest of Mahmoud Khalil, a former SIPA student. ...
We stand in solidarity with all communities impacted by Islamophobia, racism, and discrimination. We call for genuine accountability, not empty apologies. It is imperative that the government takes decisive action to restore integrity to the Human Rights ...
"This is a broken promise to the public. People demand the right to choose and want products from gene editing to be labelled,” said Jon Carapiet, spokesman for GE-Free New Zealand (in Food and Environment). ...
Public submissions potentially ignored and unrecorded were a focus this week. We background how the process usually works and what will happen now. ...
Source: The Conversation (Au and NZ) – By David Trembath, Professor of Speech Pathology, Griffith University Lukas/Pexels If your child is struggling with certain everyday activities – such as playing with other kids, getting dressed or paying attention – you might want to get them assessed to see if ...
By Caleb Fotheringham, RNZ Pacific journalist Norfolk Island sees its United States tariff as an acknowledgment of independence from Australia. Norfolk Island, despite being an Australian territory, has been included on Trump’s tariff list. The territory has been given a 29 percent tariff, despite Australia getting only 10 percent. It ...
Source: The Conversation (Au and NZ) – By Gregory Moore, Senior Research Associate, School of Agriculture, Food and Ecosystem Sciences, The University of Melbourne alybaba/Shutterstock Street trees usually grow in appalling soils, have little space for their roots, are rarely watered and often get aggressively trimmed by road authorities ...
A new poem by Amanda Faye Martin. reluctant heterosexual one time i got snowed in with a guy i thought i didn’t want to sleep with but then he said something that felt true like clarity could be simple like things could be known like picking fruit in warm weather ...
The only published and available best-selling indie book chart in New Zealand is the top 10 sales list recorded every week at Unity Books’ stores in High St, Auckland, and Willis St, Wellington.AUCKLAND1 Sunrise on the Reaping by Suzanne Collins (Scholastic, $30) More of that good Hunger Games stuff: ...
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Folks here collectively covered a significant performance lapse by the Nats yesterday. The leader took it on the chin while the Bish doubled-down was what I saw of their handling of the discrepancy between 1 & 35. Went onto the RNZ site early this morning to see how the pros were framing it. Zilch. Oh well, let's see how Morning Report copes. Meanwhile, at the media interface…
"Hey Lux, how come you & Bish can't get facts from the govt website?"
"Well my minder reckons you're meant to blame a junior staffer at moments like this. Seems clever, eh? Must've been temporarily out to lunch. Lot of mental health issues around you know, can't expect us to be exempt."
RNZ has now got it up & running: https://www.rnz.co.nz/news/political/503865/christopher-luxon-tells-team-to-fact-check-claims-after-tobacco-outlet-mistake
He's quite right, he has actually said that. RNZ has quoted him saying so. It must, therefore, be true.
A nifty dodge. Evidence of anything is often elusive. Best not to claim having noticed any because someone might check & it may have drifted away in the interim.
Floating the notion that Labour may have had a guaranteed model is an adept touch: models are so rarely guaranteed that I've never encountered one that is. If you do, read the fine print on that guarantee extremely carefully!
Not a happy camper, old Gary:
Gary Taylor CNZM QSO is Chief Executive of the Environmental Defence Society and has worked with successive governments since 1980. https://newsroom.co.nz/2023/12/01/new-government-crashes-environment/
He does a succinct policy review then fronts this triad:
The EDS has an extensive bluegreen track record & he's been driving it a long time. Centrist disquiet must be spreading, you'd think. Already.
“I am aware of the fact that workers pay agents in Vietnam to come here, but I personally have not received any money,” Kang said."
https://www.stuff.co.nz/national/immigration/133343933/migrants-left-with-no-work-struggle-with-mountain-of-debt-and-no-hope-of-paying-it-off
The face of modern slavery….what do we say about foreign realms that exploit migrants?
Immigration NZ is a disgrace….as are the politicians who turn a blind eye to such.
Covid has highlighted how much to many NZ businesses don't have a real business.
Too many rely on underpaid and exploited workers, especially those on temporary visas.
Yep. It's shameful and it's been going on for far too long.
Treading very carefully here …. I'm just wondering how that, er, gentleman was able to be a candidate for Te Pāti Māori.
The Maori Party is not immune to less than desirable candidates.
All of parliament need to have a long hard look at themselves and consider what they are allowing in our name.
It wasn't actually his character I was puzzled about …. if you know what I mean.
I hope this bastard gets everything in the book thrown at him:
https://www.rnz.co.nz/news/national/503866/te-whatu-ora-vaccination-data-leak-a-devastating-breach-of-trust
The time has come when this sort of behaviour is treated as a serious crime. No more the soft touch treatment because it doesn't work with these types. They have messed up heads and capable of causing irreparable harm to many people – not to mention the lives potentially lost through their crack-pot claims.
Me too Anne.
Ditto, Anne
Have you seen Liz Gunn in action?
I'm guessing this is the same issue.
https://www.facebook.com/share/v/hvaoHtr1s2G5QurJ/
https://www.facebook.com/mariaaazeee/videos/6860216620732519
I guessed he had been 'encouraged' to do what he did. So, when are the police going to surround Ms Gunn's house? Its poppycock of course because the media would have been on to it if it were true.
This guy: https://www.stuff.co.nz/national/health/301019611/health-worker-arrested-after-allegedly-misusing-data-to-spread-vaccine-misinformation
Please don’t link to anything Liz Gunn has to say, it’s been a long hard year, and they seem to get harder as the years go by.
But anything that she says, reinforces that the people are becoming more stupid with each passing year.
I’m going to listen to Xmas music and get the little kids to put up my Xmas tree and check out for the rest of the year
I can’t take anymore crazy
My apologies to you, Terry – rest assured, I won't.
Listening to Christmas music though; will that help?
Some of those songs drive me round the bend!
You could start a fashion trend: customised ear-muffs. Essential cultural protection for any shopper at this time of year. Best not to incorporate the tinfoil hat design – you'll attract a plethora of unwanted new friends…
My fave hate is the Jose Feliciano one, in which he seems to have set out to prove he can't sing and makes a compelling proof out of the performance…
Noise-cancelling, anti-Xmas head-phones.
The Pogues, "Fairy Tale of New York" is going to get a thrashing this time round!
I think this is the guy, sounds Irish. Check out the interviewer, not to mention the tweeter:
https://twitter.com/KimDotcom/status/1730230555000574003
Looks like there might be more than one arrest. Is incitement to commit a crime an unlawful offence?
Yes. Muttonbird. It is the one. Nutty as a fruitcake.
https://www.newshub.co.nz/home/new-zealand/2023/12/former-te-whatu-ora-worker-barry-young-appears-in-court-accused-of-illegally-accessing-vaccine-database.html
Love the "FREEEEDUMB" cry as he left…cliched cooker to the point of hilarity!
Elderly couple may lose their home due to Council charging affected ratepayers $48k for a new sewerage scheme to protect Lake Tarawera. The lake must be protected of course, but this is a consequence of how the work is funded.
Fast forward to the cost of repairing future climate change-induced damage, and expect to see this problem writ large. The young will be (already are) unable to afford homes, while the elderly will be unable to retain them. Who will end up owning them all?
Nothing to do with climate change.
Everything to do with large scale septic tank use destroying a massive ecosystem over multiple decades.
Instead of facing up to their own environmental damage over decades, they have to pay the bill now in a lump.
Time to pay their bill.
I went to tarawera once over a holiday period, the money on display was stunning, they can afford it.
who let the septic tanks run there for so long?
And you can bet the price of this particular example won't stop at $29 million, either. Pay $48,000 in a lump now, and expect further levies "to meet unforeseen costs", or opt for instalments which will increase relentlessly and substantially over that ten-year period? What a bloody choice.
And anyway, why are only those 450 current residents being expected to meet three-quarters of the overall expense? The benefits of an unpolluted lake are going to be shared by a great many more people than that, and over the course of generations to come as well. User pays, dammit!
A wee vision of the future in many parts of NZ as the costs of fixing 3 Waters comes home to householders rather than NZ Inc.
Nick Rockel's writing on Feeds is so good. So clever, original, humorous and topical.
I went for a look & you're quite right. He is a good writer making valid points well.
Unfashionable view, but I ain't gonna argue. Trouble is, Lux may not have had the Reader's Digest lying around constantly as he grew up. I lost count of how many times I read "Honesty is the best policy" as a child. Zillions.
Enjoy Nick's writings. Have the feeling that he speaks for we the people where as Luxon/Bishop are talking to some other folk.
nickrockel@substack.com
Agreed Reality. Nick Rockel has become a great source of clarity and is an inspiring read, including the comments section.
True….and Nick's efforts are free….many of the links promoted by TS now seem to be paywalled or from right wing commentators.
He does take contributions, and many of us have donated extra subscriptions to allow others to read his pieces. He puts important ones in the "Free" section.
Like Gerard Otto he is a voice of reason on the Left. Cheers.
NZ wins global award:
3rd world wide story in a week of national being backward fuckwots!!
They are aligning with the power brokers… poor us.
I'm not a fan of hers but will give this the benefit of the doubt:
Why? She's staking out her position. In Labour, that is sufficiently deviant as to count as using your initiative. Takes courage, so a fair observer ought to give her credit. https://www.newshub.co.nz/home/politics/2023/12/labour-s-new-revenue-spokesperson-deborah-russall-says-might-be-time-to-seriously-look-at-capital-gains-tax.html
Which is why I'll remain voting Green.
“Unknown”, “complicated” – real sophisticated argument. It’s called an apologetic on behalf of those with established wealth via high value property. Most counties with a CGT (35/36 in the OECD) also have an estate tax (24/36).
The weakness of a CGT on CG not related to property covered by the bright-line test is that it can become a tax on the productive sector – we want people buying share issues to assist the real economy.
The bright-line test and the restriction of the mortgage cost deduction to new builds were of a design to re-direct investment to productive use.
And her reference to a study in 2016 – before Labour brought in the 5 year and then 2 bright-line test. The bright-line test in place by 2016 was one at 10 years and had brought in no revenue at that time.
Back in 1983 Douglas argued a preference for an assets tax to a CGT and in the end did neither (and with a deduction for mortgage cost against taxable rent income in place) . Thus set up a generation of borrowing (floating the dollar allowed more money inflow) to speculate on rising property values.
A CGT also incentivises government with revenue gain from a rise in property values, rather than focus on affordability of housing.
And landlords just avoid the tax by adding more property to their stock without selling any. Becoming wealthier and wealthier without any tax liability.
"She said she believed wealth taxes "are largely unknown" and it would be "complicated to explain it to people"."
Somewhat disingenuous….there is nothing more complicated about 'explaining' a wealth tax as opposed to a CGT…..but it may be hard to explain that you wont implement one because you fear capital flight.
There are around 5 countries with a wealth tax and 130 odd with a CGT.
Whatever proposal they end up with is sure to provide plenty of loopholes in any case as in a world of free capital movement the fear of capital flight governs them all…..governments no longer control their economies, they merely manage them for the international financiers.
Yet 24/36 OECD nations have an estate tax – based on the same asset taxation as a wealth tax.
Most of a our wealth tax would be on property. That capital could only be moved with sale (and we do not allow offshore ownership).
So you're advocating capital controls?….that is agin the free movement of capital which is one of the underpinnings of the neolib (Washington) consensus.
You're in or you're out.
And we dont allow offshore ownership of 'residential property' under some circumstances….lots of loopholes.
Luxon & Willis are just finishing their press conference. He was reassuring on the bluegreen front & emphatic about helping Maori. They were doing a co-leader stance visually & verbally, dunno if they realised it though.
He's using this triad:
That design will secure traction. That's because 3 in nature creates process (in physics action = energy x time). When a 4th element blends in (structure) we get systems.
All would be governments have three year plans – including coalitions.
The three year plan to build roads and drive on them … go GL go.
I agree with Deborah Russell, a CGT would be much easier, a wealth tax would mean a huge leap in the number of bloody Tax Accountants and they would charge more than the WT would bring in. The key is that the simpler the system the better. Wealth is more easily hidden, CG not so much.
And a tax when the income is recieved is much more palatable. Capital gains and inheritance.
Should be set at a level that doesn't capture assets under the value of a normal "Family home in Auckland"?
A wealth tax brings in more money and at a more regular level than CGT.
Tax accountants only charge those who hire, they are not a cost on government
Those who think CGT are easier and worth it – well the easiest part is on rental property, and we have already had that via the bright-line test.
https://www.rnz.co.nz/news/business/488745/tax-specialists-warn-over-intricacies-of-capital-gains-tax