I’m interested in other people’s thoughts on the fair way to tax capital. Ianmac yesterday linked to The Opportunity Party’s release on their proposed capital tax (which doesn’t have much detail). On the assumption that it’s similar to the Comprehensive Capital Income Tax that Gareth Morgan has proposed before, I’d be worried about the following unintended consequences. http://www.top.org.nz/top1?utm_campaign=top1_members&utm_medium=email&utm_source=garethmorgan
1) Social effects on the housing asset rich/cash poor. Suggested mitigations are unconvincing to me. While this is likely to be the focus of most debate, right now I’m more interested in other aspects listed below.
2) May cause collapse of businesses that would otherwise survive, from the ongoing extra cashflow required to service the capital tax.
3) Discourages foreign investment. Why would any business want to set up where they start getting taxed long before they earn a penny of profit?
4) Favours low-capital businesses, and discourages businesses from investing more capital per worker. This is already a problem causing low productivity in New Zealand, do we want to make it worse?
5) Because land is such a high-capital item, it would push farmers towards a high-intensity high-input farming model. Which is a high-pollution low-resilience model, exactly the opposite of what we want.
6) No models to learn from elsewhere. Canada had some (at much lower rates), but those seem to have been abolished.
7) Encourages the use of debt to reduce the amount of liable capital for taxation.
Personally I favour a capital gains tax on all assets (including the family home, but with a rollover provision for family homes), payable whenever there’s any kind of change of ownership of the asset. There’s plenty of examples from other jurisdictions to learn from. It’s not much of a hassle to comply (I paid Capital Gains Tax on my primary home in the US), and while it’s slow to start collecting revenue eventually it reaches the point of fairly catching income from capital.
Yes I’m keen for a UBI and then look at how to tax it as a secondary issue. So it seems crazy to me that UBI is not the main focus.
I think there needs to be a radical change to taxation to make sure that everyone has to pay their share. There are so many loop holes at present it makes it easy for those with more money and access to tax experts to avoid taxes. We need new ideas because the old ones only tax the middle and seem to avoid the super rich and global citizens.
We are having situations when banks are causing GFC being bailed out by tax payers and then being allowed to go on as usual and still make the rules on what’s fair to tax.
At the same time there seems to be a very punitive punishment approach to government taxation – at the end of the day it should be like a non profit co operative insurance scheme – you put money in – and then there is a basic level nobody is allowed to fall below (UBI) and then you need enough from everybody to make sure that the bills on health, education and so forth are met.
The whole premise of governments seem to be skewed with neoliberalism – that’s why we can afford Saudi sheep bribes for millions but put more and more hoops in for the most vulnerable to stop them getting a basic benefit. Wellington council can afford to pay Singapore airlines 8 million, Auckland wants to steal the harbour and put it into COO hands, but at the same time they are obsessed with cutting basic services like libraries, rubbish and keeping the berms mowed – because we can’t afford it.
Tax on the gain at sale, arbitrary taxes on capital can penalise many for holding over a long term gain with zero intent to gain from any sale or sell at all.
The funds exist from the sale and it clips the ticket as the punter has realised the profit. Effectively a transaction based tax, much easier to enforce as holdings can be hidden very easily.
Oz has had this type of CGT since the 80’s and you don’t see their right rushing to repeal it being a lot more mature in their economic management than ours.
Some other jurisdictions have loopholes that allow avoiding capital gains taxes by such means as gifting assets to a trust, gifting assets to a charity and claiming a tax credit for the full value of the asset. Which is why I said “payable whenever there’s any kind of change of ownership”.
I like it – it only charges tax for assets that aren’t already generating sufficient taxable income to meet the threshold, so people are encouraged to use capital better. Assuming GST or income tax are reduced to offset it, most people, including most homeowners, would be better off in terms of disposable income.
Agreed, though some provision would have to be made for businesses which, though they would normally run profitably, happen to make a loss, whether through bad luck or poor management. The trouble is, many will find ways of taking advantage of such provision to avoid the tax.
” it only charges tax for assets that aren’t already generating sufficient taxable income to meet the threshold”
Do you really think it’s good to further reinforce the idea that the only value anything has is for the income that can be generated from it?
I’m also aware of several farms and small businesses where the owners are running them in a low key way just generating enough income to keep happy and not really trying to maximise returns. They’re also unusually good at looking after their staff and surroundings. Under a capital tax regime, they would become totally non-viable as is and would either need to close or start operating in a much more ruthless manner.
Do we really want to force that choice? Particularly if the alternative CGT achieves the same result in the end of getting the beneficiaries of asset price growth to share some of the gains with the society that makes those gains possible?
I’ve only read his policy document Andre so I don’t know the finer points but it looks like typical Morgan to me where he gets a bee in his bonnet and takes it too far.
With houses he appears to be targeting freehold owner-occupiers rather than investors/landlords or even those with a mortgage. His basic premise is that living in a freehold house is a form of income and should be taxed because the capital invested in the house would be taxed in any other investment scenario.
Now for those who have a mortgage it would be rather complicated to work out what their capital actually is before you could tax it. The property itself isn’t the capital, they’ve borrowed to buy it. Their capital would either be the equity or the deposit plus principal paid off. Working out the equity would be a nightmare with oodles of loopholes that investors would exploit to minimise their tax…. like they do already.
I can’t see it solving anything and it would make the system messier. A capital gains tax levied annually on investment properties is all that’s required IMO.
“A capital gains tax levied annually on investment properties is all that’s required IMO.”
A higher rates calculation on investment properties could be used to provide a social housing fund at local government level, and would be fairly easy to implement. If the owner is not occupying the property, the rates kick in at a different level. Rates are already taxing property owners, what this would do is increase that tax in recognition of the capital gains that landlords benefit from, that single home buyers and renters do not.
The reason I would exclude the owner occupied property is that investors are able to claim maintenance and other expenses (including interest paid) on their properties that owner occupiers must meet out of their income.
Rate are already a tax on property ownership.
Increased rates on investment properties recognise the anomaly above, and provide a social housing fund that increases locally as number of renters increase.
The reason I would exclude the owner occupied property is that investors are able to claim maintenance and other expenses (including interest paid) on their properties that owner occupiers must meet out of their income.
Have you considered that being able to claim expenses for tax purposes is the problem?
If tenants had better security of tenancy, and a comprehensive method of ensuring that all maintenance needs are met in a timely manner – I’d consider agreeing with you. But the likelihood is that if maintenance and repairs were not able to be expensed then a large number of landlords (especially in this housing climate) would avoid paying out for as long as possible.
Not all homeowners are speculative purchasers.
My partner and I bought a home for reasons other than capital gain. Stability of housing for one ( had been moved on from rentals due to increased rents more than once).
But owning also provided the opportunity to do other things that are unable to be done in a lot of rented homes:
– Planting trees and gardens,
– Having several people staying with us over the years while they get on their feet,
– Looking after family pets for friends and family while they go away.
None of this would be possible in a rented home, unless we were very lucky to find a very relaxed and accommodating landlord.
Any more taxing on a household like ours (especially for capital gains that we have no practical or financial benefit from unless we sell and don’t require another home), and our precarious balance of finances would break.
But the likelihood is that if maintenance and repairs were not able to be expensed then a large number of landlords (especially in this housing climate) would avoid paying out for as long as possible.
They’re called slumlords and they already exist and are in NZ.
None of this would be possible in a rented home, unless we were very lucky to find a very relaxed and accommodating landlord.
And what if you had a state rental that was lifetime lease, allowed you to plant trees, gardens and do renovations as well as kept the place well maintained?
Again, all the problems that people have with rentals and the tax regime that allows a few to dodge paying tax is private ownership.
“And what if you had a state rental that was lifetime lease, allowed you to plant trees, gardens and do renovations as well as kept the place well maintained?
If that were possible Draco, I’d be living there.
But until we have a cross party consensus on the importance of affordable, healthy, secure housing, we will continue to have our communities broken up. For the moment, I – and many others do what we can with what we have.
I don’t think that’s necessary Molly. Simply assessing them for tax each year, and collecting it, would do the trick IMO.
As it stands investors are leveraging off their capital gains to borrow more money to buy more properties. If they had to pay tax on those gains they’d instead be borrowing a third of it to pay the tax. That would lower the demand for property and get the housing inflation down…. and boost the tax coffers.
Morgan’s scheme looks unworkable to me, can’t say I’m taken with the theory either but its the practice that looks unwinnable.
1. Seems reasonable to me.
2. Businesses are supposed to collapse if they can’t maintain themselves. That’s the whole point of capitalism. It’s not up to the rest of us to keep them going.
3. Foreign investment needs to be banned as it’s detrimental to society.
4. No it doesn’t. If anything, it encourages high capital investment as the high investment is more likely to return greater amounts. It’s our low wages that are encouraging low capital investment now.
5. We already have that happening now. The solution is proper regulation.
6. So we should never try new ideas?
7. I’m pretty sure that Morgan has an answer to that as well.
Personally I favour a capital gains tax on all assets
I think that Morgan’s CCT is a much better idea. Done well it would make it impossible to be asset rich, cash poor which would be good for the economy and our society.
There’s plenty of examples from other jurisdictions to learn from.
Yeah, there are. One of those lessons is that a standard CGT doesn’t really work.
To be honest Draco, I was expecting you to advocate getting rid of private ownership completely and then the question becomes moot. 🙂
“One of those lessons is that a standard CGT doesn’t really work.”
What do you mean by works? No, a CGT on it’s own doesn’t prevent bubbles. All I really see it doing is helping make sure the owners of capital eventually contribute something towards the society that helps those assets increase in value. Collecting it at time of sale (when the sellers have the cash in hand) doesn’t feel punitive in the way the proposed CCT (or the existing FIF tax) does feel punitive by demanding the payment whether or not you’ve got the cashflow to support it. ( I realise you would be all for setting up systems that made asset-holders feel punished regularly, but trust me very few people agree with you on that).
“So we should never try new ideas?”. When we try to reinvent a wheel, it seems we regularly come unstuck with all kinds of unintended consequences. If there’s models from elsewhere we can learn from, why not copy the best aspects?
Doesn’t prevent bubbles and doesn’t prevent the rich from avoiding their obligations.
All I really see it doing is helping make sure the owners of capital eventually contribute something towards the society that helps those assets increase in value.
Do they truly increase in value?
Collecting it at time of sale (when the sellers have the cash in hand) doesn’t feel punitive in the way the proposed CCT (or the existing FIF tax) does feel punitive by demanding the payment whether or not you’ve got the cashflow to support it.
That’s part and parcel of our chosen market system. If you don’t have the cash then you just don’t have the item.
I realise you would be all for setting up systems that made asset-holders feel punished regularly
Completely wrong. I want to make it so that people can’t afford to have can’t assets in the first place.
If there’s models from elsewhere we can learn from, why not copy the best aspects?
I’d say that Morgan’s CCT is based upon the old CGT. What you’re saying is that we shouldn’t try this small change because it hasn’t been done before. Under such stupidity the wheel would never have been invented.
“I’d say that Morgan’s CCT is based upon the old CGT. What you’re saying is that we shouldn’t try this small change because it hasn’t been done before. Under such stupidity the wheel would never have been invented.”
Morgan’s CCT is very close to the Foreign Investment Fund tax introduced by Cullen, as far as I can tell. I pay it every year, and it’s a real pain and I certainly wouldn’t make any new investment into anything covered by it.
I’ve also paid Capital Gains taxes in the US (and will again in the future unless Trump manages to do away with them). It’s only a minor hassle, and doesn’t feel unfairly punitive the way the FIF tax does. Potential liability for CG taxes certainly wouldn’t stop me investing in something.
“Fake news” is a specific subset of the attempted deceptions around us all the time, but the pushers and beneficiaries of fake news are trying make the idea of fake news meaningless by calling everything fake news.
It all just reinforces the importance of fact-checking, researching the credibility of the source, keeping the bullshit detector on high alert at all times, looking at everything with a cynical view that some agenda is being pushed.
“On Twitter, some were quick to suggest the President Elect followed in the company of Hitler, Stalin and Putin who had also received the iconic title.
… The magazine’s annual award names the person who has had the “greatest influence, for better or worse, on the events of the year”.
German Chancellor Angela Merkel, The Ebola Fighters, The Pope, President Obama, Mark Zuckerberg, Former President George W Bush, and Julian Assange have also won the title before.”
“On Twitter, some were quick to suggest the President Elect followed in the company of Hitler, Stalin, George W. Bush, Putin, and Obama who had also received the iconic title.”
—There you go, Marty, I’ve fixed up that first sentence to remove the reflexive self-censorship and dishonesty.
A near perfect summation – from an Australian, in a British newspaper – of John Key and John Key’s New Zealand.
“…Key was like a Tony Blair of the South Seas: a certain level of personal charisma and a socially inclusive façade allowed both Key and Blair to sell the nasty side of neoliberalism…”
You’d never get NZ political journalists with insight like this. As their reactions of shock indicate, most of them were firmly besotted by John Key’s cham right to the moment he basically told them to all fuck off.
So what was the nasty side of neo-liberalism he was selling?
High growth rate (3.4%)
Low unemployment (less than 5%)
Budget surpluses
NZers returning home
Infrastructure spending
Majority of NZers saying the country is going in right direction
So long as the Left are obsessed by the term “neo-liberalism,” they will loose. It shows a disconnect with the mood of the public.
If you want to win focus on the pragmatic, the things that actually influence voters, not ideological labels.
You really do talk tosh. You need to pay a lot more attention to world events Wayne.
The supporters of the neoliberal establishment have been in trouble all this year.
Heard of Brexit?
Heard of Trump?
Heard of the Italian referendum?
It is clearly the supporters of the neo-liberal establishment who have been shown in 2016 to have a disconnect with the mood of the public.
Here is some reading for you…on the assumption you are actually uninformed as opposed to willfully spinning on behalf of your masters.
Did you read the piece that Sanctuary linked? It not only critiques John Key’s leadership, it also briefly explores the prevailing narrative that fed his popularity, …they kept voting Key in because they believed in the equation that “good with money” equals “morally upstanding” and further suggested that the left will only gain traction when they are able to successfully counter this idea. According to the author, …this money story not only has currency, it is the currency of the reigning monetarist fiscal discourse.
One alternative story is to return “the broader public good’ to the position that “the monetarist fiscal discourse” now occupies. Your list suggests that the public good is being served within the current framework, but that is only true if you draw the line firmly behind the heels of the comfortable middle class, and accept that hardship and insecurity for those outside of the fold is “worth it.” And since you tend to dismiss those who privilege the public good as “hard left” you can hardly complain if they dismiss your lot as “neoliberal.”
NZers returning home – To do with the fact that the global economy is failing perhaps, or maybe they are returning home on student visas.
Infrastructure spending – Is it effective infrastructure spending, or appropriate? Doesn’t seem to be the case.
Majority of NZers saying the country is going in right direction
I don’t understand how often this is used as justification. If, as a teenager I hid the underage drinking and jumping out the window from my parents, and then listened to them praise me, then I wouldn’t use that as approval of my behaviour – just blissful ignorance.
The lack of transparency and information sharing (not withstanding Dirty Politics and journalist shaming) by this government has resulted in the same.
Nothing to be proud of, and definitely not something to to try pass off as informed support.
The nasty side of neo-liberalism is apparent to all who value humans over economic growth, and community and environment over short-term profit and long-term consequences.
Growth driven by excessive immigration, housing price rises, and earthquakes. The real measure, per capita, is negative.
Unemployment is only low, because National counts one hour a week as employment.
Budget fudges. With current account and social deficits increased to cover it.
Infrastructure spending. I wish. Roads of significance to the trucking industry is similar to spending on buggy whip factories.
“Country going in right direction”. I have to congratulate National on the effectiveness of their propaganda. Even the Neo-liberal cheer leaders in treasury think National is heading for disaster.
Lastly. Key has headed for the lifeboats before the ship sinks.
Where are the Headlines? Surely there should be ones like:
National Party Leadership Battle splits Caucus!
Angry MPs Dispute Leadership Plans.
Leadership Battles Rips Caucus Apart.
Will be Years Before National Party Revives Credibility After Bitter Infighting.
Probably because its going to be over rather quickly, which is smart thinking on Nationals part. How can you really have those type of headlines when the result is going to be known on Monday/
Sure the ructions after will prove to be more then interesting but theres simply not enough time for those type of headlines to be used.
Love Granny propaganda (sarc) – even when the Leader resigned it’s all good press for Natz candidates. Not a peep about Collins and all her transgressions and Double dipper English!!
“Bennett said her relationship with English was “fantastic” and described him as “awe-inspiring”. The two work together on finance and social housing, and they are part of the top tier of ministers, called the “Kitchen Cabinet”. But English has also worked closely with Bridges on Auckland’s transport problems.
In a sign of a potentially tense contest, Bridges said he would make a better deputy than Bennett because he marked a complete generational change. Bridges came into Parliament three years later than Bennett, in 2008.”
In spite of this they still have to run spiteful anti Labour articles such as Claire Trevett’s
“100 not out: Labour party battles for its political future”
Yes true, I’m assuming it will be sorted by Monday, like its a fait accompli kind of thing especially since the next budget surplus is supposed to be a whopper
It might not of course, however if I was a betting man I’d bet it’ll be over on Monday…the puckish side of me would like to see it continue on for a while though 🙂
Bill at the helm of a leaking, bloated tanker heading for the reefs. His crew! Oh dear! And First Mate! A cargo of rancid fat and snake oil. Oh dear, oh dear!
Fortunately (unfortunately) there’s just enough momentum for the good ship National to make it to the port of the 2017 election win, thanks to a budget surplus and the assistance of the tugboat of NZFirst and the tugboat of another bye-election Labour can’t afford
After that there may be some slight cause for concern 🙂
It’s as though the All Blacks were facing their most critical test match and were reliant on their one star player upon whom success depended, let’s call him, “John Richie”, when an hour before kick off, John declares that he is not going to play, he’s talking his ball and going home, because his girlfriend want to spend quality time with him.
Yeah imagine what would happen to the All Blacks if Richie, Dan, Kevin, Tony, Ma’a and Conrad left all at the same time taking over 700 caps and all that experience with them 🙂
what you are eluding to might be true , if it wasn’t for the fact that the rugby equivalents of parmjeet ,misa fia and tobbacy todd wouldn’t make the taumarunui eels team let alone the the all blacks up incomers
Well I was linking the tier 1 test record to a record fourth term for National but please tell me you aren’t suggesting Labour is like the Irish rugby team
Well, the Irish team currently has a 50% win record against the All Blacks in its past two encounters (aren’t stats wonderful- a bit like Treasury and Budget figures).
The Irish team has charm, wit and size.
It embraces the whole of Irish society, north and south, inclusively.
Like the Left in general the Irish have got the best songs.
And lastly, they especially despise the English!
So, Puckish Rogue, in the best sense of fun, some great parallels between the NZ Labour Party and the Irish Rugby team of very recent history! 😉
Disclaimer: though my moniker is Mac1 there is no blarney or bias in this summation, at all at all at all.
I was speaking to a CYFS worker just yesterday, and those in her office are spending much of their time coming up to the holidays looking for motels to place children. When I asked who was there to provide caregiving, she shrugged her shoulders and said “Who?”.
Molly it’s all about physical assets, such as motels and the buying and selling of them. The actual social part of it, does not appear in the neoliberal manuals so just sort of falls off the radar. People are not considered assets under neoliberalism they are just vehicles of loss .
Similar to the conference centres (to create jobs but the job bit is the fudge, in fact rather than create jobs for locals you just import workers in because they are cheaper, then you have a housing crisis to solve to house all the new people etc), the homeless crisis, (rezone land and then let the market do ‘it’s thing’, the immediate housing is irrelevant), etc etc.
More grievous ignorance of sports history in the media. Morning Report, RNZ National, Thursday 8 December 2016, 8:25 a.m.
This morning featured a report from Indira Stewart of the Pacific Radio Network, stating that Joseph Parker and David Tua are the “only two New Zealanders to have ever fought for the World Heavyweight title.”
That is nonsense, of course. On Thursday 26 July 1928 Gisborne’s own Tom Heeney fought Gene Tunney for the title at Yankee Stadium. The fight was stopped in the 11th round.
Neither Susie Ferguson nor Guyon Espiner seemed to notice, and simply carried on with the next item.
Assuming you don’t have access to the same resources RNZ have its an easy error to make, unless you come from Timaru of course in which case there’s no excuse 🙂
Ok then we’ll just turn a blind eye to the frauds then because somebody is making a short term buck and it will expose the governments underfunding of education, so they are doing nothing and leaving the short term housing issues and longer term problem of all our fraudster residents to another government … from Granny
“Yet it seems no one can really tackle the student visa rort because we now depend on it.
The country makes $4.28 billion a year from international students, our fourth biggest industry behind dairy, tourism and meat. Put aside legitimate questions over how much of that money stays in New Zealand and circulates in the wider economy, as opposed to the immigrants themselves. If we turned off the tap tomorrow – the Government’s nightmare scenario after the sudden collapse of the Chinese market in 2003 – many office buildings would be half empty and central Queen St would become a ghost town. Even reputable education providers would go broke and most polytechnics and universities could not make ends meet with domestic students alone. Economic activity would also take a hit, as international students are doing the difficult, low-paid jobs that most New Zealanders avoid – at least until the students get their residence visa.
In short, fundamental changes are unlikely to come from the top because too many powerful interests are benefiting from the current system, despite its obvious flaws. The only hope is for more honest people within the student visa scam to stand up and be counted.”
If we turned off the tap tomorrow … many office buildings would be half empty and central Queen St would become a ghost town. Even reputable education providers would go broke and most polytechnics and universities could not make ends meet with domestic students alone.
Gosh, that would be a disaster! Good job there’s no proposal on the table to ban international education outright then, eh? Cleaning up the industry would make it worth less, but would still leave universities, polytechs and schools teaching a lot of international students.
The actual reason the government won’t do anything about the scam is in this bit:
…international students are doing the difficult, low-paid jobs that most New Zealanders avoid – at least until the students get their residence visa.
That is, the success of this scam to bypass our immigration standards and ensure a supply of cheap, easily-exploited labour for National’s constituents, with downstream effects on local pay and conditions, is the government’s main reason for not cleaning up the international education “industry.”
“many office buildings would be half empty and central Queen St would become a ghost town.”
What happened to the cherished Number 8 approach to solving problems with innovation? Empty office buildings in Queen Street + homeless in Auckland should = conversion to family apartments and a community revitalisation of Auckland central.
As for the other, fund education to sustainable levels.
Gareth Morgan tells Paul Henry the truth.
And Paul Henry hates being shown up for being the selfish git he is.
Morgan to Henry…
“You’re telling me that you don’t give a toss about New Zealand being fair. ‘Pull up the ladder, Jack, and the rest of you can get stuffed’. What sort of New Zealand values do you have, man?”
“You’re just a tax loophole cowboy, that’s all you are,”
“I’m about making New Zealand fair. You’re self-centred and you don’t give a toss about being fair in New Zealand.”
“Don’t tell an economist what a reverse mortgage is mate.”
“In media soundbytes are important, that’s why your sort of media is dying mate.”
And Henry’s retort, with his expensive house, European car and entitled lifestyle threatened.
Morgan is a communist.
Watch it. It’s great to see the tosser Henry being dealt to.
Morgan needs to become less defensive when he’s discussing his party’s policies.
I certainly support his Comprehensive Capital Tax. If you have an asset that returns some benefit then it should be taxed at the commensurate income of that benefit.
I agree Morgan did not help his case, loosing his cool, playing the man not the ball, never a good look unless your of a Paul persuasion and just want to see Henery abused
I do not totally agree with Morgan, but at least he has us discussing these things, and his heart is in the right place.
I don’t see what a CCT can do, that conventional inheritance, income and CGT combined, along with getting rid of private trusts immunity from claims, cannot.
Only someone as truely ignorant as Henry, can have such confidence.
I don’t blame Morgan for getting annoyed with the bumptious twit.
I don’t see what a CCT can do, that conventional inheritance, income and CGT combined, along with getting rid of private trusts immunity from claims, cannot.
1. Gets rid of land banking. The land will have to produce an income year to year else it’s just going to cost too much. A CGT may get the tax once the land is sold but it doesn’t prevent it.
2. Encourages people living in large, expensive houses to shift into smaller houses with smaller land thus freeing up more land for housing thus encouraging density increases.
I don’t blame Morgan for getting annoyed with the bumptious twit.
Neither do I but he shouldn’t have shown it. His sitting back, hands tightly crossed before him shows that he’s on the defensive and is exactly the reaction that Henry was going for.
He needs to be able to sit there, calm, arms open, answer the questions and, yes, call Henry a bumbling, selfish idiot.
If he can’t handle Henry how is going to handle the rest of the pressure that’ll come, its all well and good to say what you think should happen and get nice media fluff pieces but hes thrown his hat in the ring and now what he says is going to be picked over with a fine tooth comb and he’d better be ready with some answers
No he doesn’t. and he’s most definitely not a communist. He’s very much a capitalist – he’s just one that sees many of the limitations that the way capitalism operates and how it doesn’t pay it’s full costs and puts those costs on the poor instead.
I’d have thought he wouldn’t have been stupid enough to include the family home in this, I can’t imagine any political party thinking that’s an idea the voters will go for, not even the Greens
Yes I’ve seen first hand how paranoid and touchy the entitled property class is about their inflating asset values.
They expect to sit on their million dollar+ houses and bank capital gains of 80K per year for ever. If anyone suggests this model is neither sustainable nor fair then they are shouted out of the room.
This unreasonable, greedy behaiour is sowing the seds of class war. I suppose this is the ugly side of Pakeha culture. They stole Aotearoa in the first place and now (like some kind of landed gentry), they expect the serfs to slave away paying high levels of tax and rent. Wealthy boomers have come to expect a well paid retirement with no means testing or CGT.
Well the average house price is $600 000.00 but please go ahead and suggest to the voters that taxing the family home, the house the retired have worked for entire lives to own (while paying taxes) is a really good idea
Why should some people (who have also worked their whole lives) have to keep paying high rents for ever, while others who managed to climb into property ownership get free accommodation and tax breaks and full super without any form of means test?
Not sustainable, not fair, and kinda gross in the middle of a housing crisis
what about Maori land Ropata… how many Maori (or Pakeha for that matter) have the income to pay yearly taxes on their capital?
All that will happen is what is already happening, Kiwis can’t afford to live in their own country with all the taxes and the low wages and foreigners will buy us up cheap.
That’s where Morgan’s ideas falls down.
I’m more into the Sanders and Corbyn approaches on Robin hood taxes on banks and transaction style taxes.
I am not a policy analyst nor am I a spokesperson for Morgans TOP vehicle. I just think he talks a lot of sense and in principle I agree with his fair minded ideas.
Morgan’s tax is aimed at the top few% of wealthy property holders who are banking tax free capital gains. He reckons his LVT will be either neutral or advantageous for most people because he will also drop income taxes.
Anyway I think this party is just a way for him to get the ideas of his Foundation into mainstream media. In the current volatile economic climate his is a vital counter narrative to the standard capitalist dogma we swim in.
Remember this is in the context of an unprecedented housing crisis, Morgan’s ideas are not cooked up in a vacuum.
I think he got frustrated that Henry kept coming up with stupid examples, but there was no need for Morgan to stoop to Henry’s level of childish insults.
Wow! a strange thing happened, somehow, somewhere, someone came to the conclusion that for true comparison of two different systems, they need to be measured with the same criteria.
But our favorite hologram disagrees, seems if there’s money involved, and a contract to enforce well…………. it’s just a bit confusing for the average Joe/Jane and at that point we should bow out and leave it to him and the other “experts”.
I was going to put up a link to the interview on Natard this morning with Paula Bennett and how she will make a truly awesome Dep Leader of the Natzional Party but the website appears to be having access problems….but never mind, I’ll do a Morrissey and give y’all a transcript.
Ms. Bennett….what qualities do you believe you have for the Deputy Leaders role?
hahahahahahahahahahahah….pause for gurgling breathhahahahahahahahahahah
This is a fascinating article about how a gunman attacked a pizza parlour in Washington after conspiracy theorists claimed Hilary Clinton was running a child sex operation out of it. It argues that mis-information is being used as a political tool.
In 1938 President Roosevelt warned that “the liberty of a democracy is not safe if the people tolerate the growth of private power to a point where it becomes stronger than their democratic state itself. That, in its essence, is fascism.” The Democrats saw concentrated corporate power as a form of dictatorship. They broke up giant banks and businesses and chained the chainstores. What Roosevelt, Brandeis and Patman knew has been forgotten by those in power, including powerful journalists. But not by the victims of this system.
One of the answers to Trump, Putin, Orbán, Erdoğan, Salvini, Duterte, Le Pen, Farage and the politics they represent is to rescue democracy from transnational corporations. It is to defend the crucial political unit that is under assault by banks, monopolies and chainstores: community. It is to recognise that there is no greater hazard to peace between nations than a corporate model that crushes democratic choice.
Since the 1980s we’ve let the corporations rule and it’s become obvious that it’s detrimental to us as a community.
So true, the NZ government was seduced and subverted in 1984 and now it’s become a schizoid institution that purports to represent the people of New Zealand, but is instead complicit in their exploitation.
It’s not exactly secret, all this has been well documented (see cafca.org.nz), but since it has been a slow and ongoing process the sale of NZ piece by piece to foreign interests doesn’t make the news cycle.
Just read the whole thing — how depressing. Maybe democracy was just a temporary aberration and the natural state of the human race is feudalism and internecine tribal conflict.
When the USA was founded corporations were deliberately outlawed because the founders had seen what they did to Europe. Sadly that didn’t last long
Democracy does seem to be more of an aberration with dictatorships and oligarchies ruling most of the time. Of course, the oligarchies and dictatorships always collapse due to the hubris and greed of the rich. And when they do we go back to being a democracy which then builds up society which the rich then take over and destroy.
It seems to be an iterative process as we learn more our democracy gets better but, unfortunately, we haven’t learned to prevent people from getting rich yet.
Thanks for that, xanthe. Don’t expect anything on this to appear on our television news this evening. (Time constraints due to extended banter between the autocue readers and the sports guy and the weather guy.)
The report showed Vanguard Military School on Auckland’s North Shore and Te Kura Hourua O Whangarei Terenga Paraoa reported they had met their 2014 NCEA leaver targets – but when the figures were analysed, they did not.
Vanguard reported a 100 per cent pass rate for NCEA Level 2. However, when revised in line with NCEA standards it dropped to just 60 per cent. It met Level 1 standards.
At Te Kura Hourua, neither Level 1 or Level 2 NCEA standards were met once revised: Level 1 dropped from 82 per cent to 77.8 per cent, and Level 2 dropped from 80 per cent to 55.6 per cent.
Labour Education spokesperson Chris Hipkins, who obtained the documents, said they showed charter schools have been “massively overstating” their pass rates when compared with the rest of the country’s schools.
A trust with close ties to the Government – including former All Black and National Party supporter Michael Jones – was given a $500,000 charter school contract. Photo / Jason Oxenham
Trust given $500,000 charter school contract without going to tender
Minister of Education Hon Hekia Parata. Photo / Dean Purcell
Charter schools getting performance bonus despite not meeting targets
I hate the concept of charter schools, but then I met Alwyn Poole. Photo / Steven McNicholl
Peter Lyons: Charter schools deeply flawed, but not this one
“In one case a school reported a 93.3 per cent pass rate when the facts show only 6.7 per cent of leavers achieved NCEA Level 2,” he said.
“Brought into line” means there’s been a corrupt system working and now it’s been outed.
Hekia Pariah and the Epsom Idiot have been spinning crap about it today to try to make people with ordinary intelligence believe it is something it wasn’t. I didn’t need to go to a charter school to recognise bullshit when I see it.
Ok so Little was safe until the next election because, lets all be honest now, Little was going to lose to Key but that was keeping him safe because anyone else would have to lost to Key as well
Now Keys gone and English is in charge, English who has lost before, English who isn’t exactly Mr Charisma, English who is beatable…Little might win and that’ll mean six years and then National will be back in so that’s a long time to wait if you’re an MP
But Little hasn’t improved Labours numbers, in fact it’d be fair to say Labours numbers, being positive, stagnating and if National don’t drop below 40% and NZFirst stay above 10% then that’s another term for National
So in light of the new developments is there someone in Labour that will answer the call to arms?
On a completely unrelated matter, what are the chances Robertson is going to be firing up the ol’ BBQ over Summer? 🙂
If there’s one thing to be learned from the Trump, Key, Cameron phenomena it is that policy is totally irrelevant and in fact it switches people off. What people vote for is a smiley wavey confident snake oil sales person. Even Obama and Trudeau benefited from this mindless herd behaviour. (Scott Adams made some excellent observations of Trump’s persuasion techniques and NLP type shit)
Maybe Labour needs to put up All Blacks and TV personalities instead of serious candidates.
I kind of agree with this but you’d be hard pressed to find a Labour supporting All Black although Chris Laidlaw is probably still hanging around if you want to use him
Labour is appearing more solid by the day, all the dead wood is being pruned game on pucky , the planet key lotus eaters will awake from their stupor in time for the right man to be the next PM.
i think they are addicted to the property price inflation koolaid and will keep drinking it until NZ sinks into the sea. or some other unthinkable disaster happens like “interest rates”
CV will be delighted to learn Trump’s rumored pick for FDA director reckons big pharma should release new drugs, whether they work or not.
/
O’Neill also could push the agency in new directions. In a 2014 speech, he said he supported reforming FDA approval rules so that drugs could hit the market after they’ve been proven safe, but without any proof that they worked, something he called “progressive approval.”
“We should reform FDA so there is approving drugs after their sponsors have demonstrated safety — and let people start using them, at their own risk, but not much risk of safety,” O’Neill said in a speech at an August 2014 conference called Rejuvenation Biotechnology. “Let’s prove efficacy after they’ve been legalized.”
Hosking’s done his “Best PM Ever” shit now he’s checking out the Blinglish (invented word) ‘rectalia’. He’s a bit shameless with his rat-up-drainpipe styles is Hosk’.
On February 14, 2023 we announced our Rebuttal Update Project. This included an ask for feedback about the added "At a glance" section in the updated basic rebuttal versions. This weekly blog post series highlights this new section of one of the updated basic rebuttal versions and serves as a ...
TL;DR: In today’s ‘six-stack’ of substacks at 6.06pm on Tuesday, March 19:Kāinga Ora’s dry rot The Spinoff DailyBill McKibben on ‘Climate Superfunds’ making Big Oil pay for climate damage The Crucial YearsPreston Mui on returning to 1980s-style productivity growth NoahpinionAndy Boenau on NIMBYs needing unusual bedfellows Urbanism SpeakeasyNed Resnikoff's case ...
Negative yesterday, negative today. Negative all year, according to one departing reader telling me I’ve grown strident and predictable. Fair enough. If it’s any help, every time I go to write about a certain topic that begins with C and ends with arrrrs, I do brace myself and ask: Again? Are ...
Bryce Edwards writes – It’s been a tumultuous time in politics in recent months, as the new National-led Government has driven through its “First 100 Day programme”. During this period there’s been a handful of opinion polls, which overall just show a minimal amount of flux in public support ...
Inspirational: The Family of Man is a glorious hymn to human equality, but, more than that, it is a clarion call to human freedom. Because equality, unleavened by liberty, is a broken piano, an unstrung harp; upon which the songs of fraternity will never be played.“Somebody must have been telling lies about ...
Tax Lawyer Barbara Edmonds vs Emperor Justinian I- Nolo Contendere: False historical explanations of pivotal events are very far from being inconsequential.WHEN BARBARA EDMONDS made reference to the Roman Empire, my ears pricked up. It is, lamentably, very rare to hear a politician admit to any kind of familiarity ...
It’s been a tumultuous time in politics in recent months, as the new National-led Government has driven through its “First 100 Day programme”. During this period there’s been a handful of opinion polls, which overall just show a minimal amount of flux in public support for the various parties in ...
Buzz from the Beehive Housing Minister Chris Bishop delivered news – packed with the ingredients to enflame political passions – worthy of supplanting Winston Peters in headline writers’ priorities. He popped up at the post-Cabinet press conference to promise a crackdown on unruly and antisocial state housing tenants. His ...
Ele Ludemann writes – The Reserve Bank is advertising for a Diversity, Equity and Inclusion advisor. The Bank has one mandate – to keep inflation between one and three percent. It has failed in that and is only slowly getting inflation back down to the upper limit. Will it ...
Last week former National Party leader Simon Bridges was appointed by the Government as the new chair of the New Zealand Transport Agency Waka Kotahi (NZTA). You can read about the appointment in Thomas Coughlan’s article, Simon Bridges to become chair of NZ Transport Agency Waka KotahiThe fact that a ...
Bryce Edwards writes – Last week former National Party leader Simon Bridges was appointed by the Government as the new chair of the New Zealand Transport Agency Waka Kotahi (NZTA). You can read about the appointment in Thomas Coughlan’s article, Simon Bridges to become chair of NZ Transport Agency ...
TL;DR: My top 10 news and analysis links this morning include:Today’s must-read: Gavin Jacobson talks to Thomas Piketty 10 years on from Capital in the 21st CenturyThe SalvoLocal scoop: Green MP’s business being investigated over migrant exploitation claims StuffSteve KilgallonLocal deep-dive: The commercial contractors making money from School ...
It’s a home - but Kāinga Ora tenants accused of “abusing the privilege” may lose it. Photo: Lynn Grieveson / The KākāTL;DR: The Government announced a crackdown on Kāinga Ora tenants who were unruly and/or behind on their rent, with Housing Minister Chris Bishop saying a place in a state ...
This is a guest post by Connor Sharp of Surface Light Rail Light rail in Auckland: A way forward sooner than you think With the coup de grâce of Auckland Light Rail (ALR) earlier this year, and the shift of the government’s priorities to roads, roads, and more roads, it ...
Note: As a paid-up Webworm member, I’ve recorded this Webworm as a mini-podcast for you as well. Some of you said you liked this option - so I aim to provide it when I get a chance to record! Read more ...
TL;DR: In my ‘six-stack’ of substacks at 6.06pm on Monday, March 18:IKEA is accused of planting big forests in New Zealand to green-wash; REDD-MonitorA City for People takes a well-deserved victory lap over Wellington’s pro-YIMBY District Plan votes; A City for PeopleSteven Anastasiou takes a close look at the sticky ...
Buzz from the Beehive Here’s hoping for a lively post-cabinet press conference when the PM and – perhaps – some of his ministers tell us what was discussed at their meeting today. Until then, Point of Order has precious little Beehive news to report after its latest monitoring of the ...
David Farrar writes – We now have almost all 2023 data in, which has allowed me to update my annual table of how labour went against its promises. This is basically their final report card. The promiseThe result Build 100,000 affordable homes over 10 ...
I’m a bit worried that I’ve started a previous newsletter with the words “just when you think they couldn’t get any worse…” Seems lately that I could begin pretty much every issue with that opening. Such is the nature of our coalition government that they seem to be outdoing each ...
Geoffrey Miller writes – Timing is everything. And from China’s perspective, this week’s visit by its foreign minister to New Zealand could be coming at just the right moment. The visit by Wang Yi to Wellington will be his first since 2017. Anniversaries are important to Beijing. ...
Depictions of Islam in Western popular culture have rarely been positive, even before 9/11. Five years on from the mosque shootings, this is one of the cultural headwinds that the Muslim community has to battle against. Whatever messages of tolerance and inclusion are offered in daylight, much of our culture ...
Last week Transport Minster Simeon Brown and Mayor Wayne Brown opened the new Auckland Rail Operations Centre. The new train control centre will see teams from KiwiRail, Auckland Transport and Auckland One Rail working more closely together to improve train services across the city. The Auckland Rail Operations Centre in ...
Photo: Lynn Grieveson / The KākāTL;DR: Retiring former Labour Finance Minister Grant Robertson said in an exit interview with Q+A yesterday the Government can and should sustain more debt to invest in infrastructure for future generations. Elsewhere in the news in Aotearoa-NZ’s political economy at 6:36am: Read more ...
Timing is everything. And from China’s perspective, this week’s visit by its foreign minister to New Zealand could be coming at just the right moment. The visit by Wang Yi to Wellington will be his first since 2017. Anniversaries are important to Beijing. It is more than just a happy ...
TL;DR: The key events to watch in Aotearoa-NZ’s political economy in the week to March 18 include:China’s Foreign Minister visiting Wellington today;A post-cabinet news conference this afternoon; the resumption of Parliament on Tuesday for two weeks before Easter;retiring former Labour Finance Minister Grant Robertson gives his valedictory speech in Parliament; ...
New Zealand First Leader Winston Peters’s state-of-the-nation speech on Sunday was really a state-of-Winston-First speech. He barely mentioned any of the Government’s key policies and could not even wholly endorse its signature income tax cuts. Instead, he rehearsed all of his complaints about the Ardern Government, including an extraordinary claim ...
A listing of 35 news and opinion articles we found interesting and shared on social media during the past week: Sun, March 10, 2024 thru Sat, March 16, 2024. Story of the week This week we'll give you a little glimpse into how we collect links to share and ...
A listing of 35 news and opinion articles we found interesting and shared on social media during the past week: Sun, March 10, 2024 thru Sat, March 16, 2024. Story of the week This week we'll give you a little glimpse into how we collect links to share and ...
“I’ve been internalising a really complicated situation in my head.”When they kept telling us we should wait until we get to know him, were they taking the piss? Was it a case of, if you think this is bad, wait till you get to know the real Christopher, after the ...
Happy fourth anniversary, Pandemic That Upended Bloody Everything. I have been observing it by enjoying my second bout of COVID. It’s 5.30 on Sunday morning and only now are lights turning back on for me.Allow me to copy and paste what I told reader Sara yesterday:Depleted, fogged and crappy. Resting, ...
Happy fourth anniversary, Pandemic That Upended Bloody Everything. I have been observing it by enjoying my second bout of COVID. It’s 5.30 on Sunday morning and only now are lights turning back on for me.Allow me to copy and paste what I told reader Sara yesterday:Depleted, fogged and crappy. Resting, ...
Happy fourth anniversary, Pandemic That Upended Bloody Everything. I have been observing it by enjoying my second bout of COVID. It’s 5.30 on Sunday morning and only now are lights turning back on for me.Allow me to copy and paste what I told reader Sara yesterday:Depleted, fogged and crappy. Resting, ...
.“$10 and a target that bleeds” - Bleeding Targets for Under $10!.Thanks for reading Frankly Speaking ! Subscribe for free to receive new posts and support my work.This government appears hell-bent on either scrapping life-saving legislation or reintroducing things that - frustrated critics insist - will be dangerous and likely ...
“It hardly strikes me as fair to criticise a government for doing exactly what it said it was going to do. For actually keeping its promises.”THUNDER WAS PLAYING TAG with lightning flashes amongst the distant peaks. Its rolling cadences interrupted by the here-I-come-here-I-go Doppler effect of the occasional passing car. ...
Subversive & Disruptive Technologies: Just as happened with that other great regulator of the masses, the Medieval Church, the advent of a new and hard-to-control technology – the Internet – is weakening the ties that bind. Then, and now, those who enjoy a monopoly on the dissemination of lies, cannot and will ...
Been Here Before: To find the precedents for what this Coalition Government is proposing, it is necessary to return to the “glory days” of Muldoonism.THE COALITION GOVERNMENT has celebrated its first 100 days in office by checking-off the last of its listed commitments. It remains, however, an angry government. It ...
Bob Edlin writes – And what is the world watching today…? The email newsletter from Associated Press which landed in our mailbox early this morning advised: In the news today: The father of a school shooter has been found guilty of involuntary manslaughter; prosecutors in Trump’s hush-money case ...
Bryce Edwards writes – Is another Green MP on their way out? And are the Greens severely tarnished by another integrity scandal? For the second time in three months, the Green Party has secretly suspended an MP over integrity issues. Mystery is surrounding the party’s decision to ...
For the last few years, the Green Party has been the party that has managed to avoid the plague of multiple scandals that have beleaguered other political parties. It appears that their luck has run out with a second scandal which, unfortunately for them, coincided with Golraz Ghahraman, the focus ...
TL;DR: The six newsey things that stood out to me as of 6:46am on Saturday, March 16.Andy Foster has accidentally allowed a Labour/Green amendment to cut road user chargers for plug-in hybrid vehicles, which the Government might accept; NZ HeraldThomas CoughlanSimeon Brown has rejected a plea from Westport ...
What seemed a booming success a couple of years ago has collapsed into fraud convictions.I looked at the crash of FTX (short for ‘Futures Exchange’) in November 2022 to see whether it would impact on the financial system as a whole. Fortunately there was barely a ripple, probably because it ...
Anybody following the situation in Ukraine and Russia would probably have been amused by a recent Tweet on X NATO seems to be putting in an awful lot of effort to influence what is, at least according to them, a sham election in an autocracy.When do the Ukrainians go to ...
TL;DR:Shaun Baker on Wynyard Quarter's transformation. Magdalene Taylor on the problem with smart phones. How private equity are now all over reinsurance. Dylan Cleaver on rugby and CTE. Emily Atkin on ‘Big Meat’ looking like ‘Big Oil’.Bernard’s six-stack of substacks at 6pm on March 15Photo by Jeppe Hove Jensen ...
Buzz from the Beehive Finance Minister Nicola Willis had plenty to say when addressing the Auckland Business Chamber on the economic growth that (she tells us) is flagging more than we thought. But the government intends to put new life into it: We want our country to be a ...
The Transport and Infrastructure Committee has reported back on the Road User Charges (Light Electric RUC Vehicles) Amendment Bill, basicly rubberstamping it. While there was widespread support among submitters for the principle that EV and PHEV drivers should pay their fair share for the roads, they also overwhelmingly disagreed with ...
Peter Dunne writes – This week’s government bailout – the fifth in the last eighteen months – of the financially troubled Ruapehu Alpine Lifts company would have pleased many in the central North Island ski industry. The government’s stated rationale for the $7 million funding was that it ...
See if you can spot the difference. An Iranian born female MP from a progressive party is accused of serial shoplifting. Her name is leaked to the media, which goes into a pack frenzy even before the Police launch an … Continue reading → ...
Ele Ludemann writes – The government is omitting general Treaty references from legislation : The growth of Treaty of Waitangi clauses in legislation caused so much worry that a special oversight group was set up by the last Government in a bid to get greater coherence in the public service on Treaty ...
What was that judge thinking?Peter Williams writes – That Golriz Ghahraman and District Court Judge Maria Pecotic were once lawyer colleagues is incontrovertible. There is published evidence that they took at least one case to the Court of Appeal together. There was a report on ...
TL;DR: My top 10 news and analysis links this morning include:Today’s must-read:Climate Scorpion – the sting is in the tail. Introducing planetary solvency. A paper via the University of Exeter’s Institute and Faculty of Actuaries.Local scoop:Kāinga Ora starts pulling out of its Auckland projects and selling land RNZ ...
Wellington’s massively upzoned District Plan adds the opportunity for tens of thousands of new homes not just in the central city (such as these Webb St new builds) but also close to the CBD and public transport links. Photo: Lynn Grieveson / The KākāTL;DR: Wellington gave itself the chance of ...
It’s Friday and we’re halfway through March Madness. Here’s some of the things that caught our attention this week. This Week in Greater Auckland On Monday Matt asked how we can get better event trains and an option for grade separating Morningside Dr. On Tuesday Matt looked into ...
Something you might not know about me is that I’m quite a stubborn person. No, really. I don’t much care for criticism I think’s unfair or that I disagree with. Few of us do I suppose.Back when I was a drinker I’d sometimes respond defensively, even angrily. There are things ...
Photo: Lynn Grieveson / The KākāTL;DR: The five things that mattered in Aotearoa’s political economy that we wrote and spoke about via The Kākā and elsewhere for paying subscribers in the last week included:PM Christopher Luxon said the reversal of interest deductibility for landlords was done to help renters, who ...
It was not so much the Labour Party but really the Chris Hipkins party yesterday at Labour’s caucus retreat in Martinborough. The former Prime Minister was more or less consistent on wealth tax, which he was at best equivocal about, and social insurance, which he was not willing to revisit. ...
Buzz from the BeehiveThe text reproduced above appears on a page which records all the media statements and speeches posted on the government’s official website by Melissa Lee as Minister of Media and Communications and/or by Jenny Marcroft, her Parliamentary Under-secretary. It can be quickly analysed ...
For forty years, Robert Muldoon has been a dirty word in our politics. His style of government was so repulsive and authoritarian that the backlash to it helped set and entrench our constitutional norms. His pig-headedness over forcing through Think Big eventually gave us the RMA, with its participation and ...
Bryce Edwards writes – Is the new government reducing tax on rental properties to benefit landlords or to cut the cost of rents? That’s the big question this week, after Associate Finance Minister David Seymour announced on Sunday that the Government would be reversing the Labour Government’s removal ...
Saudi Arabia is rarely far from the international spotlight. The war in Gaza has brought new scrutiny to Saudi plans to normalise relations with Israel, while the fifth anniversary of the controversial killing of Jamal Khashoggi was marked shortly before the war began on October 7. And as the home ...
Questions need to be asked on both sides of the worldPeter Williams writes – The NRL Judiciary hands down an eight week suspension to Sydney Roosters forward Spencer Leniu , an Auckland-born Samoan, after he calls Ezra Mam, Sydney-orn but of Aboriginal and Torres Strait ...
Ele Ludemann writes – Contrary to what many headlines and news stories are saying, residential landlords are not getting a tax break. The government is simply restoring to them the tax deductibility of interest they had until the previous government removed it. There is no logical reason ...
I can't remember when it was goodMoments of happiness in bloomMaybe I just misunderstoodAll of the love we left behindWatching our flashbacks intertwineMemories I will never findIn spite of whatever you becomeForget that reckless thing turned onI think our lives have just begunI think our lives have just begunDoes anyone ...
Michael Bassett writes – At first reading, a front-page story in the New Zealand Herald on 13 March was bizarre. A group of severely intellectually limited teenagers, with little understanding of the law, have been pleading to the Justice Select Committee not to pass a bill dealing with ram ...
How much political capital is Christopher Luxon willing to burn through in order to deliver his $2.9 billion gift to landlords? Evidently, Luxon is: (a) unable to cost the policy accurately. As Anna Burns-Francis pointed out to him on Breakfast TV, the original ”rock solid” $2.1 billion cost he was ...
TL;DR: My top 10 news and analysis links this morning include:Today’s must-read:Jonathon Porritt calling bullshit in his own blog post on mainstream climate science as ‘The New Denialism’.Local scoop:The Wellington City Council’s list of proposed changes to the IHP recommendations to be debated later today was leaked this ...
TL;DR:Prime Minister Christopher Luxon said yesterday tenants should be grateful for the reinstatement of interest deductibility because landlords would pass on their lower tax costs in the form of lower rents. That would be true if landlords were regulated monopolies such as Transpower or Auckland Airport1, but they’re not, ...
This is a re-post from Yale Climate Connections by Tom Toro Tom Toro is a cartoonist and author. He has published over 200 cartoons in The New Yorker since 2010. His cartoons appear in Playboy, the Paris Review, the New York Times, American Bystander, and elsewhere. Related: What 10 EV lovers ...
The business section of the NZ Herald is full of opinion. Among the more opinionated of all is the ex-Minister of Transport, ex-Minister of Railways, ex MP for Auckland Central (1975-93, Labour), Wellington Central (1996-99, ACT, then list-2005), ex-leader of the ACT Party, uncle to actor Antonia, the veritable granddaddy ...
Hi,Just quickly — I’m blown away by the stories you’ve shared with me over the last week since I put out the ‘Gary’ podcast, where I told you about the time my friend’s flatmate killed the neighbour.And you keep telling me stories — in the comments section, and in my ...
The first season of Rings of Power was not awful. It was thoroughly underwhelming, yes, and left a lingering sense of disappointment, but it was more expensive mediocrity than catastrophe. I wrote at length about the series as it came out (see the Review section of the blog, and go ...
Buzz from the Beehive Workplace Relations and Safety Minister Brooke van Velden told Auckland Business Chamber members they were the first audience to hear her priorities as a minister in a government committed to cutting red tape and regulations. She brandished her liberalising credentials, saying Flexible labour markets are the ...
Chris Trotter writes – TO UNDERSTAND WHY NEWSHUB FAILED, it is necessary to understand how TVNZ changed. Up until 1989, the state broadcaster had been funded by a broadcasting licence fee, collected from every citizen in possession of a television set, supplemented by a relatively modest (compared ...
Bob Edlin writes – The Māori Party has been busy issuing a mix of warnings and threats as its expresses its opposition to interest deductibility for landlords and the plans of seabed miners. It remains to be seen whether they follow the example of indigenous litigants in Australia, ...
The Government has accepted Labour’s change to the Road User Charge (RUC) discount for hybrid vehicles, meaning there will still be some incentive for people to buy greener vehicles. ...
Kicking the most vulnerable people out of state housing and pushing them towards homelessness will result in a proliferation of poverty and trauma across our most vulnerable communities. ...
Te Pāti Māori co-leader and MP for Waiariki, Rawiri Waititi has penned a letter asking MPs to support his members bill to remove GST from all food. The bill is expected to go through its first reading in parliament this Wednesday. “I’m calling on all political parties to support my ...
This year is about getting real with Kiwis and discussing the tough issues, as the National Government exacerbates inequality and divides New Zealand, Labour Leader Chris Hipkins said ...
The Government adding Significant Natural Areas (SNAs) to its already roaring environmental policy bonfire is an assault on the future of wildlife that makes Aotearoa unique. ...
After 12 years of fighting to protect our moana we are finding ourselves back at square one and back at court. Today, the Environmental Protection Agency is sitting in Hawera to reconsider an application from Trans-Tasman Resources to dig up 50 million tonnes of the seabed in South Taranaki. This ...
Minister Shane Jones’ decision to step away from a seabed mining project is evidence of the murky waters surrounding the Government’s fast-track legislation. ...
The growth of Treaty of Waitangi clauses in legislation caused so much worry that a special oversight group was set up by the last government in a bid to get greater coherence in the publicservice on Treaty matters. When ministers first considered the need for tighter oversight in 2021, there ...
The growth of Treaty of Waitangi clauses in legislation caused so much worry that a special oversight group was set up by the last government in a bid to get greater coherence in the publicservice on Treaty matters. When ministers first considered the need for tighter oversight in 2021, there ...
The Coalition Government’s miscalculation saga continues as it has forgotten an eyewatering $90 million gap in its interest deductibility cost figures, say Labour Finance spokesperson Barbara Edmonds and Revenue Spokesperson Deborah Russell. ...
He Pou a Rangi Climate Change Commission has today released advice that says if the Government doesn’t act now New Zealand is at risk of not meeting its climate goals. ...
The Coalition Government has today confirmed it is abandoning first home buyers who are struggling to get ahead, says Labour Finance spokesperson Barbara Edmonds. ...
The New Zealand public voted for a change in direction at the 2023 general election and that is exactly what this coalition government has been delivering in its first 100 days. There was an immediate focus on the economy, easing the cost of living, cracking down on law and order ...
The Government has left the health system as an afterthought, announcing half-baked targets at the last minute of their 100-day plan, says Labour Health spokesperson Ayesha Verrall. ...
Kiwis are still waiting for their promised cost of living support after 100 days of a National Government that is taking us backwards, Labour Leader Chris Hipkins said today. ...
The National Government has spent its first 100 days stopping, cutting and reversing. They have scrapped stuff for stuff for the sake of it, without putting up any solutions of their own – and it’s hardworking New Zealanders who will pay for it. ...
100 days of National taking NZ backwardsThe National Government has spent its first 100 days stopping, cutting and reversing. They have scrapped stuff for stuff for the sake of it, without putting up any solutions of their own – and it’s hardworking New Zealanders who will pay for it. ...
The Government must commit to funding free and healthy school lunches, as thousands of people sign the petition to keep them, education spokesperson Jan Tinetti says. ...
If the Government was serious about moving families into public housing, they would build more houses so there is actually somewhere for people to go. ...
The free and healthy school lunches programme feeds our kids, helps them to learn, and saves families money – but it is at risk under this Government, education spokesperson Jan Tinetti said. ...
The Government’s proposed changes to Firearms Prohibition Orders (FPO) add almost nothing new and are merely an attempt to distract from its plans to loosen gun laws, police spokesperson Ginny Andersen and justice spokesperson Dr Duncan Webb said. ...
The great Victorian era English politician Lord Macauley stood in the British House of Parliament and said, "The gallery in which the reporters sit has become a fourth estate of the realm".He understood and outlined even way back then, the significant role and influence media have in a democracy. ...
"The Government is moving quickly to realise an additional $46 million in tariff savings in the EU market this season for Kiwi exporters,” Minister for Trade and Agriculture, Todd McClay says. Parliament is set, this week, to complete the final legislative processes required to bring the New Zealand – European ...
New Zealand’s social workers are qualified, experienced, and more representative of the communities they serve, Social Development and Employment Minister Louise Upston says. “I want to acknowledge and applaud New Zealand’s social workers for the hard work they do, providing invaluable support for our most vulnerable. “To coincide with World ...
Cabinet has agreed to a reduced road user charge (RUC) rate for plug-in hybrid electric vehicles (PHEVs), Transport Minister Simeon Brown says. Owners of PHEVs will be eligible for a reduced rate of $38 per 1,000km once all light electric vehicles (EVs) move into the RUC system from 1 April. ...
Minister of Agriculture and Trade, Todd McClay, says that today’s opening of Riverland Foods manufacturing plant in Christchurch is a great example of how trade access to overseas markets creates jobs in New Zealand. Speaking at the official opening of this state-of-the-art pet food factory the Minister noted that exports ...
Minister of Foreign Affairs Winston Peters met with Chinese Foreign Minister Wang Yi in Wellington today. “It was a pleasure to host Foreign Minister Wang Yi during his first official visit to New Zealand since 2017. Our discussions were wide-ranging and enabled engagement on many facets of New Zealand’s relationship with China, including trade, ...
Kāinga Ora – Homes & Communities has been instructed to end the Sustaining Tenancies Framework and take stronger measures against persistent antisocial behaviour by tenants, says Housing Minister Chris Bishop. “Earlier today Finance Minister Nicola Willis and I sent an interim Letter of Expectations to the Board of Kāinga Ora. ...
Tēna koutou katoa. Greetings everyone. Thank you to the Auckland Chamber of Commerce and the Honourable Simon Bridges for hosting this address today. I acknowledge the business leaders in this room, the leaders and governors, the employers, the entrepreneurs, the investors, and the wealth creators. The coalition Government shares your ...
Minister Winston Peters completed the final leg of his visit to South and South East Asia in Singapore today, where he focused on enhancing one of New Zealand’s indispensable strategic partnerships. “Singapore is our most important defence partner in South East Asia, our fourth-largest trading partner and a ...
Minister of Internal Affairs and Workplace Relations and Safety, Hon. Brooke van Velden, will travel to the Republic of Korea to represent New Zealand at the Third Summit for Democracy on 18 March. The summit, hosted by the Republic of Korea, was first convened by the United States in 2021, ...
ICNZ Speech 7 March 2024, Auckland Acknowledgements and opening Mōrena, ngā mihi nui. Ko Andrew Bayly aho, Nor Whanganui aho. Good morning, it’s a privilege to be here to open the ICNZ annual conference, thank you to Mark for the Mihi Whakatau My thanks to Tim Grafton for inviting me ...
Prime Minister Christopher Luxon and Lead Coordination Minister Judith Collins have expressed their deepest sympathy on the five-year anniversary of the Christchurch terror attacks. “March 15, 2019, was a day when families, communities and the country came together both in sorrow and solidarity,” Mr Luxon says. “Today we pay our respects to the 51 shuhada ...
Speech for Financial Advice NZ Conference 5 March 2024 Acknowledgements and opening Morena, Nga Mihi Nui. Ko Andrew Bayly aho, Nor Whanganui aho. Thanks Nate for your Mihi Whakatau Good morning. It’s a pleasure to formally open your conference this morning. What a lovely day in Wellington, What a great ...
Foreign Minister Winston Peters held discussions in Jakarta today about the future of relations between New Zealand and South East Asia’s most populous country. “We are in Jakarta so early in our new government’s term to reflect the huge importance we place on our relationship with Indonesia and South ...
Deputy Prime Minister and Minister of Foreign Affairs Winston Peters has announced that the Foreign Minister of China, Wang Yi, will visit New Zealand next week. “We look forward to re-engaging with Foreign Minister Wang Yi and discussing the full breadth of the bilateral relationship, which is one of New Zealand’s ...
Transport Minister Simeon Brown has today opened the new Auckland Rail Operations Centre, which will bring together KiwiRail, Auckland Transport, and Auckland One Rail to improve service reliability for Aucklanders. “The recent train disruptions in Auckland have highlighted how important it is KiwiRail and Auckland’s rail agencies work together to ...
The Government is proud to support the 10th edition of Crankworx Rotorua as the Crankworx World Tour returns to Rotorua from 16-24 March 2024, says Minister for Economic Development Melissa Lee. “Over the past 10 years as Crankworx Rotorua has grown, so too have the economic and social benefits that ...
Legislation implementing coalition Government tax commitments and addressing long-standing tax anomalies will be progressed in Parliament next week, Finance Minister Nicola Willis says. The legislation is contained in an Amendment Paper to the Taxation (Annual Rates for 2023–24, Multinational Tax, and Remedial Matters) Bill issued today. “The Amendment Paper represents ...
Associate Environment Minister Andrew Hoggard has today announced that the Government has agreed to suspend the requirement for councils to comply with the Significant Natural Areas (SNA) provisions of the National Policy Statement for Indigenous Biodiversity for three years, while it replaces the Resource Management Act (RMA).“As it stands, SNAs ...
Agriculture Minister Todd McClay has classified the drought conditions in the Marlborough, Tasman, and Nelson districts as a medium-scale adverse event, acknowledging the challenging conditions facing farmers and growers in the district. “Parts of Marlborough, Tasman, and Nelson districts are in the grip of an intense dry spell. I know ...
The Government is helping farmers eradicate the significant impact of facial eczema (FE) in pastoral animals, Agriculture Minister Todd McClay announced. “A $20 million partnership jointly funded by Beef + Lamb NZ, the Government, and the primary sector will save farmers an estimated NZD$332 million per year, and aims to ...
Foreign Minister Winston Peters has completed a successful visit to India, saying it was an important step in taking the relationship between the two countries to the next level. “We have laid a strong foundation for the Coalition Government’s priority of enhancing New Zealand-India relations to generate significant future benefit for both countries,” says Mr Peters, ...
Cabinet has agreed to provide $7 million to ensure the 2024 ski season can go ahead on the Whakapapa ski field in the central North Island but has told the operator Ruapehu Alpine Lifts it is the last financial support it will receive from taxpayers. Cabinet also agreed to provide ...
Health Minister Dr Shane Reti says the launch of a new mobile breast screening unit in Counties Manukau reinforces the coalition Government’s commitment to drive better cancer services for all New Zealanders. Speaking at the launch of the new mobile clinic, Dr Reti says it’s a great example of taking ...
Health Minister Dr Shane Reti says the launch of a new mobile breast screening unit in Counties Manukau reinforces the coalition Government’s commitment to drive better cancer services for all New Zealanders. Speaking at the launch of the new mobile clinic, Dr Reti says it’s a great example of taking ...
Unlocking economic growth and land for housing are critical elements of the Government’s plan for our transport network, and planned upgrades to State Highway 29 (SH29) near Tauriko will deliver strongly on those priorities, Transport Minister Simeon Brown says. “The SH29 upgrades near Tauriko will improve safety at the intersections ...
Unlocking economic growth and land for housing are critical elements of the Government’s plan for our transport network, and planned upgrades to State Highway 29 (SH29) near Tauriko will deliver strongly on those priorities, Transport Minister Simeon Brown says. “The SH29 upgrades near Tauriko will improve safety at the intersections ...
Lower fruit and vegetable prices are welcome news for New Zealanders who have been doing it tough at the supermarket, Finance Minister Nicola Willis says. Stats NZ reported today the price of fruit and vegetables has dropped 9.3 percent in the 12 months to February 2024. “Lower fruit and vege ...
Tēnā koutou katoa and greetings to you all. Chair, I am honoured to address the sixty-eighth session of the Commission on the Status of Women. I acknowledge the many crises impacting the rights of women and girls. Heightened global tensions, war, climate related and humanitarian disasters, and price inflation all ...
Tēnā koutou katoa and greetings to you all. Chair, I am honoured to address the 68th session of the Commission on the Status of Women. I acknowledge the many crises impacting the rights of women and girls. Heightened global tensions, war, climate related and humanitarian disasters, and price inflation all ...
The coalition Government is supporting farmers to enhance land management practices by investing $3.3 million in locally led catchment groups, Agriculture Minister Todd McClay announced. “Farmers and growers deliver significant prosperity for New Zealand and it’s vital their ongoing efforts to improve land management practices and water quality are supported,” ...
Good evening everyone and thank you for that lovely introduction. Thank you also to the Honourable Simon Bridges for the invitation to address your members. Since being sworn in, this coalition Government has hit the ground running with our 100-day plan, delivering the changes that New Zealanders expect of us. ...
Recommendations from the Climate Change Commission for New Zealand on the Emissions Trading Scheme (ETS) auction and unit limit settings for the next five years have been tabled in Parliament, Climate Change Minister Simon Watts says. “The Commission provides advice on the ETS annually. This is the third time the ...
The coalition Government is beginning its fight to lower building costs and reduce red tape by exempting minor building work from paying the building levy, says Building and Construction Minister Chris Penk. “Currently, any building project worth $20,444 including GST or more is subject to the building levy which is ...
Proposed changes to tax legislation to prevent the over-taxation of low-earning trusts are welcome, Finance Minister Nicola Willis says. The changes have been recommended by Parliament’s Finance and Expenditure Committee following consideration of submissions on the Taxation (Annual Rates for 2023–24, Multinational Tax, and Remedial Matters) Bill. “One of the ...
Assalaamu alaikum. السَّلَام عليكم In light of the holy month of Ramadan, I want to extend my warmest wishes to our Muslim community in New Zealand. Ramadan is a time for spiritual reflection, renewed devotion, perseverance, generosity, and forgiveness. It’s a time to strengthen our bonds and appreciate the diversity ...
Former Transport Minister and CEO of the Auckland Business Chamber Hon Simon Bridges has been appointed as the new Board Chair of the New Zealand Transport Agency (NZTA) for a three-year term, Transport Minister Simeon Brown announced today. “Simon brings extensive experience and knowledge in transport policy and governance to the role. He will ...
Good morning all, it is a pleasure to be here as Minister of Science, Innovation and Technology. It is fantastic to see how connected and collaborative the life science and biotechnology industry is here in New Zealand. I would like to thank BioTechNZ and NZTech for the invitation to address ...
Regional Development Minister Shane Jones says he is looking forward to the day when three key water projects in Northland are up and running, unlocking the full potential of land in the region. Mr Jones attended a community event at the site of the Otawere reservoir near Kerikeri on Friday. ...
Associate Finance Minister David Seymour has today announced that the Government has agreed to restore deductibility for mortgage interest on residential investment properties. “Help is on the way for landlords and renters alike. The Government’s restoration of interest deductibility will ease pressure on rents and simplify the tax code,” says ...
Sport and Recreation Minister Chris Bishop will travel to Switzerland today to attend an Executive Committee meeting and Symposium of the World Anti-Doping Agency (WADA). Mr Bishop will then travel on to London where he will attend a series of meetings in his capacity as Infrastructure Minister. “New Zealanders believe ...
Pacific Media Watch Earthwise hosts Lois and Martin Griffiths. Earthwise presenters Lois and Martin Griffiths on Plains FM 96.9 community radio talk to Dr David Robie, a New Zealand author, independent journalist and media educator with a passion for the Asia-Pacific region. David talks about the struggle to raise awareness ...
Pacific Media Watch Ismail al-Ghoul, an Al Jazeera Arabic correspondent who was held for 12 hours at Gaza’s al-Shifa hospital, says Israeli forces rounded up Palestinian journalists at the facility and made them kneel on the ground for hours, while naked and blindfolded. “The occupation forces handcuffed and blindfolded us ...
Source: The Conversation (Au and NZ) – By Tony Wood, Program Director, Energy, Grattan Institute chinasong, Shutterstock Electricity customers in four Australian states can breathe a sigh of relief. After two years in a row of 20% price increases, power prices have finally stabilised. In many places they’re ...
Chumbawamba have reportedly issued the deputy PM a cease-and-desist notice after he used their song 'Tubthumping' before his state of the nation speech. ...
Source: The Conversation (Au and NZ) – By Deborah Lupton, SHARP Professor, Vitalities Lab, Centre for Social Research in Health and Social Policy Centre, and the ARC Centre of Excellence for Automated Decision-Making and Society, UNSW Sydney kitzcorner/Shutterstock The assertion from Queensland’s chief health officer John Gerrard that ...
Source: The Conversation (Au and NZ) – By Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University Shutterstock Why are musicians so keen to get played on the radio? It can’t be because of the money. In Australia they are paid at rates so low they ...
"Farmers make a point not to tell our urban cousins how to live, yet Chlöe from central Auckland is hell-bent on having her say about farmers," says ACT Rural Communities spokesman Mark Cameron. “On her first day in the House as Green ...
Analysis by Dr Bryce Edwards – Democracy Project (https://democracyproject.nz)Political scientist, Dr Bryce Edwards. It’s been a tumultuous time in politics in recent months, as the new National-led Government has driven through its “First 100 Day programme”. During this period there’s been a handful of opinion polls, which overall just ...
Source: The Conversation (Au and NZ) – By Tim Curran, Associate Professor of Ecology, Lincoln University, New Zealand Getty Images/Gerald Corsi In the latest move to reform environmental laws in New Zealand, the coalition government has introduced a bill to fast-track consenting processes for projects deemed to ...
Uber has argued it does not have as much control over drivers as the unions suggest, and wants a judgment ruling that drivers are employees and not contractors set aside and sent back to the Employment Court. The 2022 ruling followed a three-week hearing in which four drivers sought to ...
What can and can’t be purchased by disabled people or their carers has been slashed in an effort by the Ministry of Disabled People Whaikaha to save money. The purchasing guidelines, a set of rules that sets out what can be purchased using the various streams of Government disability funding, ...
The Treasury has published today a new Analytical Note by Tod Wright and Hien Nguyen, Fiscal incidence in New Zealand: The effects of taxes and benefits on household incomes in tax year 2018/19 . Analyses of the distributional impact of taxation and government ...
The Treasury has published today a new Analytical Note by Cory Davis, Boston Hart and Benjamin Stubbing, Household cost-of-living impacts from the Emissions Trading Scheme and using transfers to mitigate regressive outcomes . This Analytical Note ...
A coalition of public transport and climate organisations, united as ‘Transport for All’, is actively opposing the government’s transport proposals. The draft Government Policy Statement (GPS) includes plans for higher fares for public transport, ...
Greater Wellington is inviting feedback on proposed changes to its Revenue and Financing Policy. The Revenue and Financing Policy covers the Council’s various sources of funding, and how the cost of services is shared across the region. This includes ...
Labour has conceded it could have done more to deal with disruptive state housing tenants while in government but says the current coalition is going too far. ...
The band has asked their record label to issue a cease and desist to stop the NZ First leader using their 1997 hit to support his ‘misguided political views’. “I get knocked down, but I get up again,” blared through the speakers on Sunday as Winston Peters took the stage ...
By Lydia Lewis, RNZ Pacific journalist Food rationing is underway in remote areas in Papua New Guinea’s Highlands following torrential rain and flash flooding. More than 20 people have been reported dead in Chimbu Province. In nearby Enga Province, the centre of last month’s massacre, a 15-year-old boy has been ...
Source: The Conversation (Au and NZ) – By Andrew Hughes, Lecturer, Research School of Management, Australian National University After months of debate and intrigue, the AFL’s 19th and newest team, the Tasmania Devils, finally launched its jumper, logo and colours in Devonport this week. The Devils will wear green, ...
Brannavan Gnanalingam reviews the debut novel by Saraid de Silva.One of the most baffling things for children who move to a new country is what their parents’ (or grandparents’) lives were like prior to moving – for kids in particular, they’re too busy trying to fit in in their ...
Source: The Conversation (Au and NZ) – By Stephen Gaunson, Associate Professor in Cinema Studies, RMIT University Narelle Portanier/Binge “If you don’t know who your mob are, you don’t know who you are,” Detective Andrea “Andie” Whitford (played by Leah Purcell) is told early into the new crime ...
Source: The Conversation (Au and NZ) – By Elise Klein, Associate professor, Australian National University It’s commonly accepted that women do the vast majority of caregiving in Australian society. But less appreciated is that Indigenous women do larger amounts of unpaid care than any other group. Working with the Aboriginal ...
Source: The Conversation (Au and NZ) – By Adrian Beaumont, Election Analyst (Psephologist) at The Conversation; and Honorary Associate, School of Mathematics and Statistics, The University of Melbourne Joe Biden and Donald Trump have both secured their parties’ nominations for the November 5 United States general election by winning a ...
Comment: There has been a striking contrast in trans-Tasman interest about Chinese foreign minister Wang Yi’s visit to New Zealand and Australia. While the Australian press has been full of articles about the visit – including his curious decision to meet with former prime minister and China booster Paul Keating ...
After years of pressuring banks and other institutions to stop investing in fossil fuels, climate campaigners are making some progress. So how does divestment work?For years, climate activists have been pushing banks and other big institutions to divest from fossil fuels. New research from climate advocacy group 350 Aotearoa ...
For Boba, Ethan and Ashley, K-pop is a place to belong, a way to express themselves, and a bridge to connect with others. The three young Polynesians are part of a K-pop fan community in Tāmaki Makaurau. It’s one of many that have sprung up worldwide as K-pop has gone ...
For Boba, Ethan and Ashley, K-pop is a place to belong, a way to express themselves, and a bridge to connect with others. This one-off documentary presents three intimate portraits of young Polynesians who are pulled into a Korean cultural phenomenon. K-POLYS is directed by Litia Tuiburelevu, Produced by Hex ...
There’s ample evidence demonstrating free school lunch programmes provide wide benefits across schools, households and communities according to public health researchers. ACT Minister David Seymour wants to reduce the spending on Aotearoa New Zealand’s ...
By Wata Shaw in Suva Fiji is facing an exodus of Fijians as many are leaving for overseas seeking employment and education and others are migrating, says Opposition MP Viliame Naupoto. Speaking in Parliament, he said: “His Excellency’s speech (Ratu Wiliame Katonivere) comes after a little over one year of ...
The Taxpayers’ Union is welcoming comments from Christopher Luxon this morning recommitting to ‘no new taxes’ as part of Budget 2024. “Mr Luxon’s refusal at the Post-Cabinet press conference yesterday to repeat the ‘no new taxes’ promise ...
SAFE is urgently calling on the Environment Committee to reject the Government’s Fast-Track Approvals Bill, and is urging New Zealanders to rally behind the call. The proposed Bill, currently under consideration with the Environment select committee, ...
Teammates who spend all their time picking fights with spectators are only helpful for the other team, writes Madeleine Chapman. Anyone who has ever played a team sport competitively, particularly as a child and particularly, for some reason, basketball, will know that there’s a lot of politics involved. While there ...
The long-running Wellington music festival is too focused on the Jim Beam-ness and not enough on the Homegrown-ness.There is something about Homegrown that’s difficult to place. A barely perceptible-ness. Like feeling a ghost is watching you from the corner of the room but when you look, there’s nothing there. ...
The latest Ipsos New Zealand Issues Monitor reveals that fewer New Zealanders believe crime / law and order is one of the top issues facing our country. In 2018, Ipsos New Zealand started tracking the key issues facing New Zealand. In this wave ...
Source: The Conversation (Au and NZ) – By Kate Griffiths, Deputy Program Director, Budgets and Government, Grattan Institute Australia’s political donations rules are woefully inadequate, but donations reform is finally on the agenda. The federal government has signalled its interest in reform and will soon begin briefing MPs on its ...
Source: The Conversation (Au and NZ) – By Mark Patrick Taylor, Chief Environmental Scientist, EPA Victoria; Honorary Professor, School of Natural Sciences, Macquarie University Naiyana Somchitkaeo/Shutterstock A recent study published in the prestigious New England Journal of Medicine has linked microplastics with risk to human health. The study ...
Source: The Conversation (Au and NZ) – By Albert Van Dijk, Professor, Water and Landscape Dynamics, Fenner School of Environment & Society, Australian National University Global climate records were shattered in 2023, from air and sea temperatures to sea-level rise and sea-ice extent. Scores of countries recorded their hottest year ...
As part of our series exploring how New Zealanders live and our relationship with money, a teacher explains why he and his partner are in frugal mode – and how they’re making it work. Gender: Male Age: 35Ethnicity: Pākehā Role: I am an intermediate school teacher and my partner is ...
Source: The Conversation (Au and NZ) – By Sarah Bendall, Senior Lecturer, Institute for Humanities and Social Sciences, Australian Catholic University Binge Mary & George, the new British television drama series, depicts the real-life story of Mary Villiers and her son George, and their social climbing at the ...
Source: The Conversation (Au and NZ) – By Jason Nassios, Associate Professor, Centre of Policy Studies, Victoria University This article is part of The Conversation’s series examining the housing crisis. Read the other articles in the series here. Australian state and federal governments spend money in many ways to ...
The finance minister is denying that there’s a $5.6b shortfall in paying for the government’s campaign promises, including tax cuts. At his post-cabinet press conference yesterday, the PM refused to rule out new taxes to pay for the cuts, writes Anna Rawhiti-Connell in this excerpt from The Bulletin, The Spinoff’s ...
Kāinga Ora tenants abused by their neighbours are doubting the government's crackdown on disruptive tenants will make a difference on their behaviour. ...
Kāinga Ora is New Zealand’s biggest residential landlord, housing more than 180,000 vulnerable people in more than 67,000 properties. Yesterday the government announced a crackdown on its tenants who fall behind on rent. One longtime Kāinga Ora tenant shares her experience.For 18 years I lived in a 1960s standalone ...
Why does this myth persist, and what’s the real reason our skin is suffering?It’s one of the biggest international grievances New Zealanders hold, up there with the sinking of the Rainbow Warrior and 1981’s underarm incident. We’re quick to tell international travellers that the world’s pollution led to the ...
Loading…(function(i,s,o,g,r,a,m){var ql=document.querySelectorAll('A[quiz],DIV[quiz],A[data-quiz],DIV[data-quiz]'); if(ql){if(ql.length){for(var k=0;k<ql.length;k++){ql[k].id='quiz-embed-'+k;ql[k].href="javascript:var i=document.getElementById('quiz-embed-"+k+"');try{qz.startQuiz(i)}catch(e){i.start=1;i.style.cursor='wait';i.style.opacity='0.5'};void(0);"}}};i['QP']=r;i[r]=i[r]||function(){(i[r].q=i[r].q||[]).push(arguments)},i[r].l=1*new Date();a=s.createElement(o),m=s.getElementsByTagName(o)[0];a.async=1;a.src=g;m.parentNode.insertBefore(a,m)})(window,document,'script','https://take.quiz-maker.com/3012/CDN/quiz-embed-v1.js','qp'); Got a good quiz question?Send Newsroom your questions. The post Newsroom daily quiz, Tuesday 19 March appeared first on Newsroom. ...
Bob’s relationship with certain members of Lincoln’s academic staff continued to deteriorate in the 1990s. Others supported him publicly, though articles such as Roland Clark’s 1993 piece in Growing Today cannot have pleased the university management. Clark wrote that Bob was selling onions from the Biological Husbandry Unit to a ...
SailGP’s races feature in-your-face action, with agile, hydro-foiling catamarans tacking and jibing for the title over several days. However, public comments ahead of the global series’ return to New Zealand have left this past year’s controversy in the shadows, as a key appointment attracts criticism from dolphin advocates. A year ...
Opinion: We are fast approaching a fundamental change in prisons. As the number of people on custodial remand looks set to overtake the number of sentenced prisoners, the main function of prisons in New Zealand may become incarcerating un-sentenced people who may not be guilty of offending. We have already ...
A huge seven months lies in store for the White Ferns, beginning this week with the visit of England and culminating with the T20 World Cup in Bangladesh in September and October. Starting on Tuesday in Dunedin, the world ranked No. 2 visitors will play five T20s and three ODIs, ...
Opinion: In a move that has shocked road safety advocates across the country, the new Minister of Transport, Simeon Brown, is poised to abandon the previous government’s speed limit reduction policy, particularly around schools. Even more alarmingly, he wants school speed limits to be variable rather than full-time, arguing ...
Auckland Council is opposing a fast-track development backed by Sir John Kirwan and Spark NZ, because it doesn’t meet stringent new climate adaptation requirements The post Surf-data centre faces new 3.8C climate warming rules appeared first on Newsroom. ...
When the Criminal Proceeds (Recovery) Act was introduced in 2009 it was firmly targeted at gangs and drugs. The legislation means police no longer need a conviction to seize assets that criminals can’t prove were paid for legitimately, as long as their alleged offences are punishable by more than a ...
The letters, which were published last week, were addressed to Indonesian Democratic Party of Struggle (PDI-P) Chairperson Megawati Sukarnoputri, National Democrat Party (NasDem) Chairperson Surya Paloh, National Awakening Party (PKB) Chairperson Muhaimin Iskandar, Justice and Prosperity Party (PKS) President Ahmad Syaikhu and United Development Party (PPP) Chairperson Muhammad Mardiono. In ...
Evicting more people from state housing is ignorant to the consequences of poverty, the Greens say, but the Housing Minister says it's a privilege that can be taken away if abused. ...
Evicting more people from state housing is ignorant to the consequences of poverty, the Greens say, but the Housing Minister says it's a privilege that can be taken away if abused. ...
Source: The Conversation (Au and NZ) – By Emerald L King, Lecturer in Humanities, University of Tasmania IMDB Between Netflix’s 2023 live-action version of One Piece, and its latest take on Avatar: The Last Airbender, fans are once again asking: why are live-action anime adaptations so tricky to ...
Source: The Conversation (Au and NZ) – By Emerald L King, Lecturer in Humanities, University of Tasmania IMDB Between Netflix’s 2023 live-action version of One Piece, and its latest take on Avatar: The Last Airbender, fans are once again asking: why are live-action anime adaptations so tricky to ...
The government says it still intends to deliver tax cuts by July, but will not lock them in until they have got them past their coalition partners. ...
With Shearer gone, who will be the contenders for the Mt Albert by-election early next year?
Will be good to see Little have a safe seat. Will he move to Auckland?
I’m interested in other people’s thoughts on the fair way to tax capital. Ianmac yesterday linked to The Opportunity Party’s release on their proposed capital tax (which doesn’t have much detail). On the assumption that it’s similar to the Comprehensive Capital Income Tax that Gareth Morgan has proposed before, I’d be worried about the following unintended consequences. http://www.top.org.nz/top1?utm_campaign=top1_members&utm_medium=email&utm_source=garethmorgan
1) Social effects on the housing asset rich/cash poor. Suggested mitigations are unconvincing to me. While this is likely to be the focus of most debate, right now I’m more interested in other aspects listed below.
2) May cause collapse of businesses that would otherwise survive, from the ongoing extra cashflow required to service the capital tax.
3) Discourages foreign investment. Why would any business want to set up where they start getting taxed long before they earn a penny of profit?
4) Favours low-capital businesses, and discourages businesses from investing more capital per worker. This is already a problem causing low productivity in New Zealand, do we want to make it worse?
5) Because land is such a high-capital item, it would push farmers towards a high-intensity high-input farming model. Which is a high-pollution low-resilience model, exactly the opposite of what we want.
6) No models to learn from elsewhere. Canada had some (at much lower rates), but those seem to have been abolished.
7) Encourages the use of debt to reduce the amount of liable capital for taxation.
Personally I favour a capital gains tax on all assets (including the family home, but with a rollover provision for family homes), payable whenever there’s any kind of change of ownership of the asset. There’s plenty of examples from other jurisdictions to learn from. It’s not much of a hassle to comply (I paid Capital Gains Tax on my primary home in the US), and while it’s slow to start collecting revenue eventually it reaches the point of fairly catching income from capital.
tops plan sounds complicated and unsalable , he’s already lost my interest, i was hoping for a simplification of the tax system ,
It also seems he’s not going to try to push UBI this cycle. Which is what I would have been really interested in.
“As for a Universal Basic Income he hinted at earlier in the day, Morgan said it wouldn’t be on the cards this time.
“[That would be in] phase two, if we’re still about,” he said.”
http://www.stuff.co.nz/national/87330737/gareth-morgans-divisive-policy-to-tackle-inequality
he just gave henry his pedigree in a mess of an interview , which was amusing but not helpful in selling his story.
Yes I’m keen for a UBI and then look at how to tax it as a secondary issue. So it seems crazy to me that UBI is not the main focus.
I think there needs to be a radical change to taxation to make sure that everyone has to pay their share. There are so many loop holes at present it makes it easy for those with more money and access to tax experts to avoid taxes. We need new ideas because the old ones only tax the middle and seem to avoid the super rich and global citizens.
We are having situations when banks are causing GFC being bailed out by tax payers and then being allowed to go on as usual and still make the rules on what’s fair to tax.
At the same time there seems to be a very punitive punishment approach to government taxation – at the end of the day it should be like a non profit co operative insurance scheme – you put money in – and then there is a basic level nobody is allowed to fall below (UBI) and then you need enough from everybody to make sure that the bills on health, education and so forth are met.
The whole premise of governments seem to be skewed with neoliberalism – that’s why we can afford Saudi sheep bribes for millions but put more and more hoops in for the most vulnerable to stop them getting a basic benefit. Wellington council can afford to pay Singapore airlines 8 million, Auckland wants to steal the harbour and put it into COO hands, but at the same time they are obsessed with cutting basic services like libraries, rubbish and keeping the berms mowed – because we can’t afford it.
Tax on the gain at sale, arbitrary taxes on capital can penalise many for holding over a long term gain with zero intent to gain from any sale or sell at all.
The funds exist from the sale and it clips the ticket as the punter has realised the profit. Effectively a transaction based tax, much easier to enforce as holdings can be hidden very easily.
Oz has had this type of CGT since the 80’s and you don’t see their right rushing to repeal it being a lot more mature in their economic management than ours.
“Tax on the gain at sale”
Some other jurisdictions have loopholes that allow avoiding capital gains taxes by such means as gifting assets to a trust, gifting assets to a charity and claiming a tax credit for the full value of the asset. Which is why I said “payable whenever there’s any kind of change of ownership”.
I like it – it only charges tax for assets that aren’t already generating sufficient taxable income to meet the threshold, so people are encouraged to use capital better. Assuming GST or income tax are reduced to offset it, most people, including most homeowners, would be better off in terms of disposable income.
Agreed, though some provision would have to be made for businesses which, though they would normally run profitably, happen to make a loss, whether through bad luck or poor management. The trouble is, many will find ways of taking advantage of such provision to avoid the tax.
” it only charges tax for assets that aren’t already generating sufficient taxable income to meet the threshold”
Do you really think it’s good to further reinforce the idea that the only value anything has is for the income that can be generated from it?
I’m also aware of several farms and small businesses where the owners are running them in a low key way just generating enough income to keep happy and not really trying to maximise returns. They’re also unusually good at looking after their staff and surroundings. Under a capital tax regime, they would become totally non-viable as is and would either need to close or start operating in a much more ruthless manner.
Do we really want to force that choice? Particularly if the alternative CGT achieves the same result in the end of getting the beneficiaries of asset price growth to share some of the gains with the society that makes those gains possible?
I’ve only read his policy document Andre so I don’t know the finer points but it looks like typical Morgan to me where he gets a bee in his bonnet and takes it too far.
With houses he appears to be targeting freehold owner-occupiers rather than investors/landlords or even those with a mortgage. His basic premise is that living in a freehold house is a form of income and should be taxed because the capital invested in the house would be taxed in any other investment scenario.
Now for those who have a mortgage it would be rather complicated to work out what their capital actually is before you could tax it. The property itself isn’t the capital, they’ve borrowed to buy it. Their capital would either be the equity or the deposit plus principal paid off. Working out the equity would be a nightmare with oodles of loopholes that investors would exploit to minimise their tax…. like they do already.
I can’t see it solving anything and it would make the system messier. A capital gains tax levied annually on investment properties is all that’s required IMO.
“A capital gains tax levied annually on investment properties is all that’s required IMO.”
A higher rates calculation on investment properties could be used to provide a social housing fund at local government level, and would be fairly easy to implement. If the owner is not occupying the property, the rates kick in at a different level. Rates are already taxing property owners, what this would do is increase that tax in recognition of the capital gains that landlords benefit from, that single home buyers and renters do not.
The reason I would exclude the owner occupied property is that investors are able to claim maintenance and other expenses (including interest paid) on their properties that owner occupiers must meet out of their income.
Rate are already a tax on property ownership.
Increased rates on investment properties recognise the anomaly above, and provide a social housing fund that increases locally as number of renters increase.
Have you considered that being able to claim expenses for tax purposes is the problem?
So?
If tenants had better security of tenancy, and a comprehensive method of ensuring that all maintenance needs are met in a timely manner – I’d consider agreeing with you. But the likelihood is that if maintenance and repairs were not able to be expensed then a large number of landlords (especially in this housing climate) would avoid paying out for as long as possible.
Not all homeowners are speculative purchasers.
My partner and I bought a home for reasons other than capital gain. Stability of housing for one ( had been moved on from rentals due to increased rents more than once).
But owning also provided the opportunity to do other things that are unable to be done in a lot of rented homes:
– Planting trees and gardens,
– Having several people staying with us over the years while they get on their feet,
– Looking after family pets for friends and family while they go away.
None of this would be possible in a rented home, unless we were very lucky to find a very relaxed and accommodating landlord.
Any more taxing on a household like ours (especially for capital gains that we have no practical or financial benefit from unless we sell and don’t require another home), and our precarious balance of finances would break.
I don’t think that would be an unusual scenario.
They’re called slumlords and they already exist and are in NZ.
And what if you had a state rental that was lifetime lease, allowed you to plant trees, gardens and do renovations as well as kept the place well maintained?
Again, all the problems that people have with rentals and the tax regime that allows a few to dodge paying tax is private ownership.
“And what if you had a state rental that was lifetime lease, allowed you to plant trees, gardens and do renovations as well as kept the place well maintained?
If that were possible Draco, I’d be living there.
But until we have a cross party consensus on the importance of affordable, healthy, secure housing, we will continue to have our communities broken up. For the moment, I – and many others do what we can with what we have.
It is possible if we all demand it.
But it will take a lot of work to bring it about.
I don’t think that’s necessary Molly. Simply assessing them for tax each year, and collecting it, would do the trick IMO.
As it stands investors are leveraging off their capital gains to borrow more money to buy more properties. If they had to pay tax on those gains they’d instead be borrowing a third of it to pay the tax. That would lower the demand for property and get the housing inflation down…. and boost the tax coffers.
Morgan’s scheme looks unworkable to me, can’t say I’m taken with the theory either but its the practice that looks unwinnable.
1. Seems reasonable to me.
2. Businesses are supposed to collapse if they can’t maintain themselves. That’s the whole point of capitalism. It’s not up to the rest of us to keep them going.
3. Foreign investment needs to be banned as it’s detrimental to society.
4. No it doesn’t. If anything, it encourages high capital investment as the high investment is more likely to return greater amounts. It’s our low wages that are encouraging low capital investment now.
5. We already have that happening now. The solution is proper regulation.
6. So we should never try new ideas?
7. I’m pretty sure that Morgan has an answer to that as well.
I think that Morgan’s CCT is a much better idea. Done well it would make it impossible to be asset rich, cash poor which would be good for the economy and our society.
Yeah, there are. One of those lessons is that a standard CGT doesn’t really work.
To be honest Draco, I was expecting you to advocate getting rid of private ownership completely and then the question becomes moot. 🙂
“One of those lessons is that a standard CGT doesn’t really work.”
What do you mean by works? No, a CGT on it’s own doesn’t prevent bubbles. All I really see it doing is helping make sure the owners of capital eventually contribute something towards the society that helps those assets increase in value. Collecting it at time of sale (when the sellers have the cash in hand) doesn’t feel punitive in the way the proposed CCT (or the existing FIF tax) does feel punitive by demanding the payment whether or not you’ve got the cashflow to support it. ( I realise you would be all for setting up systems that made asset-holders feel punished regularly, but trust me very few people agree with you on that).
“So we should never try new ideas?”. When we try to reinvent a wheel, it seems we regularly come unstuck with all kinds of unintended consequences. If there’s models from elsewhere we can learn from, why not copy the best aspects?
Doesn’t prevent bubbles and doesn’t prevent the rich from avoiding their obligations.
Do they truly increase in value?
That’s part and parcel of our chosen market system. If you don’t have the cash then you just don’t have the item.
Completely wrong. I want to make it so that people can’t afford to have can’t assets in the first place.
I’d say that Morgan’s CCT is based upon the old CGT. What you’re saying is that we shouldn’t try this small change because it hasn’t been done before. Under such stupidity the wheel would never have been invented.
“I’d say that Morgan’s CCT is based upon the old CGT. What you’re saying is that we shouldn’t try this small change because it hasn’t been done before. Under such stupidity the wheel would never have been invented.”
Morgan’s CCT is very close to the Foreign Investment Fund tax introduced by Cullen, as far as I can tell. I pay it every year, and it’s a real pain and I certainly wouldn’t make any new investment into anything covered by it.
I’ve also paid Capital Gains taxes in the US (and will again in the future unless Trump manages to do away with them). It’s only a minor hassle, and doesn’t feel unfairly punitive the way the FIF tax does. Potential liability for CG taxes certainly wouldn’t stop me investing in something.
“Fake news” is a specific subset of the attempted deceptions around us all the time, but the pushers and beneficiaries of fake news are trying make the idea of fake news meaningless by calling everything fake news.
http://www.slate.com/articles/technology/technology/2016/12/stop_calling_everything_fake_news.html
It all just reinforces the importance of fact-checking, researching the credibility of the source, keeping the bullshit detector on high alert at all times, looking at everything with a cynical view that some agenda is being pushed.
sometimes I wish the news was fake
“On Twitter, some were quick to suggest the President Elect followed in the company of Hitler, Stalin and Putin who had also received the iconic title.
… The magazine’s annual award names the person who has had the “greatest influence, for better or worse, on the events of the year”.
German Chancellor Angela Merkel, The Ebola Fighters, The Pope, President Obama, Mark Zuckerberg, Former President George W Bush, and Julian Assange have also won the title before.”
http://www.nzherald.co.nz/world/news/article.cfm?c_id=2&objectid=11762705
funny one that ‘TIME Person of the year’.
“On Twitter, some were quick to suggest the President Elect followed in the company of Hitler, Stalin, George W. Bush, Putin, and Obama who had also received the iconic title.”
—There you go, Marty, I’ve fixed up that first sentence to remove the reflexive self-censorship and dishonesty.
http://www.curmudgeon-alley.com/wp-content/uploads/2014/05/ywc-logo-design.png
Just quoted not dishonest thanks
So if its a “quote” its not dishonest. That sums up how the media deliberatly lies and misleads. Its bullshit.
Nice, still being classy too…
You quoted it without mentioning your reservations about its extreme bias. That’s tantamount to endorsing its propaganda.
Says you. Hint – don’t tell me what I think – your brain or thoughts aren’t big enough.
So why did you quote it without mentioning its crude political bias?
thank god you were there to save us, morrissey /sarc
Always happy to help, McFlock. (No sarcasm.)
and one day you might provide that help.
One day.
I thought people could work it all out themselces. Pity you let the side down.
A near perfect summation – from an Australian, in a British newspaper – of John Key and John Key’s New Zealand.
“…Key was like a Tony Blair of the South Seas: a certain level of personal charisma and a socially inclusive façade allowed both Key and Blair to sell the nasty side of neoliberalism…”
https://www.theguardian.com/commentisfree/2016/dec/07/john-key-was-known-as-the-smiling-assassin-and-people-still-liked-him?CMP=share_btn_fb
You’d never get NZ political journalists with insight like this. As their reactions of shock indicate, most of them were firmly besotted by John Key’s cham right to the moment he basically told them to all fuck off.
Spot on Sanctuary!
So what was the nasty side of neo-liberalism he was selling?
High growth rate (3.4%)
Low unemployment (less than 5%)
Budget surpluses
NZers returning home
Infrastructure spending
Majority of NZers saying the country is going in right direction
So long as the Left are obsessed by the term “neo-liberalism,” they will loose. It shows a disconnect with the mood of the public.
If you want to win focus on the pragmatic, the things that actually influence voters, not ideological labels.
Have you ever been for a drive through our less affluent suburbs?
You would expect more informed comment from someone who sat on the government benches.
Would you? Nah droppings are always droppings.
You really do talk tosh. You need to pay a lot more attention to world events Wayne.
The supporters of the neoliberal establishment have been in trouble all this year.
Heard of Brexit?
Heard of Trump?
Heard of the Italian referendum?
It is clearly the supporters of the neo-liberal establishment who have been shown in 2016 to have a disconnect with the mood of the public.
Here is some reading for you…on the assumption you are actually uninformed as opposed to willfully spinning on behalf of your masters.
https://www.opendemocracy.net/alfredo-saad-filho/end-of-road-global-crisis-and-disintegration-of-neoliberalism
https://www.theguardian.com/commentisfree/2016/nov/17/american-neoliberalism-cornel-west-2016-election
https://www.theguardian.com/business/2016/nov/15/trumpism-solution-crisis-neoliberalism-robert-skidelsky
https://boingboing.net/2016/12/06/italys-referendum-a-vote-ag.html
https://www.theguardian.com/commentisfree/2016/oct/10/end-of-neoliberalism-left-theresa-may-migrants-labour
https://www.opendemocracy.net/john-boland/trumping-brexit-growing-failure-of-neoliberal-consensus
Did you read the piece that Sanctuary linked? It not only critiques John Key’s leadership, it also briefly explores the prevailing narrative that fed his popularity, …they kept voting Key in because they believed in the equation that “good with money” equals “morally upstanding” and further suggested that the left will only gain traction when they are able to successfully counter this idea. According to the author, …this money story not only has currency, it is the currency of the reigning monetarist fiscal discourse.
One alternative story is to return “the broader public good’ to the position that “the monetarist fiscal discourse” now occupies. Your list suggests that the public good is being served within the current framework, but that is only true if you draw the line firmly behind the heels of the comfortable middle class, and accept that hardship and insecurity for those outside of the fold is “worth it.” And since you tend to dismiss those who privilege the public good as “hard left” you can hardly complain if they dismiss your lot as “neoliberal.”
Of course we are turning a blind eye to the fake students, earthquakes and other scams that are making the governments figures look better…
So what was the nasty side of neo-liberalism he was selling?
High growth rate (3.4%) – due to earthquakes, record immigration, badly designed student visa programme and the problem invisible to National Party members of inflated housing costs and the overseas investments that it attracts.
Low unemployment (less than 5%) – In other words, if you don’t get the numbers then change the system so you don’t count.
Budget surpluses – Tom Waits… along with the rest of us
NZers returning home – To do with the fact that the global economy is failing perhaps, or maybe they are returning home on student visas.
Infrastructure spending – Is it effective infrastructure spending, or appropriate? Doesn’t seem to be the case.
Majority of NZers saying the country is going in right direction
I don’t understand how often this is used as justification. If, as a teenager I hid the underage drinking and jumping out the window from my parents, and then listened to them praise me, then I wouldn’t use that as approval of my behaviour – just blissful ignorance.
The lack of transparency and information sharing (not withstanding Dirty Politics and journalist shaming) by this government has resulted in the same.
Nothing to be proud of, and definitely not something to to try pass off as informed support.
The nasty side of neo-liberalism is apparent to all who value humans over economic growth, and community and environment over short-term profit and long-term consequences.
Look again Wayne.
The real story can no longer be swept under the carpet
http://www.noted.co.nz/currently/social-issues/a-year-of-living-shamefully-new-zealands-dirty-secrets/#
Growth driven by excessive immigration, housing price rises, and earthquakes. The real measure, per capita, is negative.
Unemployment is only low, because National counts one hour a week as employment.
Budget fudges. With current account and social deficits increased to cover it.
Infrastructure spending. I wish. Roads of significance to the trucking industry is similar to spending on buggy whip factories.
“Country going in right direction”. I have to congratulate National on the effectiveness of their propaganda. Even the Neo-liberal cheer leaders in treasury think National is heading for disaster.
Lastly. Key has headed for the lifeboats before the ship sinks.
Good work The Green Party – potential candidates stepping forward early – this is good – get them sorted and then onward to victory!!!
Matt would be a good candidate I think
http://www.stuff.co.nz/national/politics/87298578/nelson-city-councillor-matt-lawrey-seeks-green-party-candidacy
Where are the Headlines? Surely there should be ones like:
National Party Leadership Battle splits Caucus!
Angry MPs Dispute Leadership Plans.
Leadership Battles Rips Caucus Apart.
Will be Years Before National Party Revives Credibility After Bitter Infighting.
Probably because its going to be over rather quickly, which is smart thinking on Nationals part. How can you really have those type of headlines when the result is going to be known on Monday/
Sure the ructions after will prove to be more then interesting but theres simply not enough time for those type of headlines to be used.
Love Granny propaganda (sarc) – even when the Leader resigned it’s all good press for Natz candidates. Not a peep about Collins and all her transgressions and Double dipper English!!
“Bennett said her relationship with English was “fantastic” and described him as “awe-inspiring”. The two work together on finance and social housing, and they are part of the top tier of ministers, called the “Kitchen Cabinet”. But English has also worked closely with Bridges on Auckland’s transport problems.
In a sign of a potentially tense contest, Bridges said he would make a better deputy than Bennett because he marked a complete generational change. Bridges came into Parliament three years later than Bennett, in 2008.”
In spite of this they still have to run spiteful anti Labour articles such as Claire Trevett’s
“100 not out: Labour party battles for its political future”
It starts on Monday.
fence
post
Yes true, I’m assuming it will be sorted by Monday, like its a fait accompli kind of thing especially since the next budget surplus is supposed to be a whopper
It might not of course, however if I was a betting man I’d bet it’ll be over on Monday…the puckish side of me would like to see it continue on for a while though 🙂
Bill at the helm of a leaking, bloated tanker heading for the reefs. His crew! Oh dear! And First Mate! A cargo of rancid fat and snake oil. Oh dear, oh dear!
Fortunately (unfortunately) there’s just enough momentum for the good ship National to make it to the port of the 2017 election win, thanks to a budget surplus and the assistance of the tugboat of NZFirst and the tugboat of another bye-election Labour can’t afford
After that there may be some slight cause for concern 🙂
It’s as though the All Blacks were facing their most critical test match and were reliant on their one star player upon whom success depended, let’s call him, “John Richie”, when an hour before kick off, John declares that he is not going to play, he’s talking his ball and going home, because his girlfriend want to spend quality time with him.
The crowd goes wild.
Yeah imagine what would happen to the All Blacks if Richie, Dan, Kevin, Tony, Ma’a and Conrad left all at the same time taking over 700 caps and all that experience with them 🙂
what you are eluding to might be true , if it wasn’t for the fact that the rugby equivalents of parmjeet ,misa fia and tobbacy todd wouldn’t make the taumarunui eels team let alone the the all blacks up incomers
They’d lose to Ireland?
Well I was linking the tier 1 test record to a record fourth term for National but please tell me you aren’t suggesting Labour is like the Irish rugby team
Well, the Irish team currently has a 50% win record against the All Blacks in its past two encounters (aren’t stats wonderful- a bit like Treasury and Budget figures).
The Irish team has charm, wit and size.
It embraces the whole of Irish society, north and south, inclusively.
Like the Left in general the Irish have got the best songs.
And lastly, they especially despise the English!
So, Puckish Rogue, in the best sense of fun, some great parallels between the NZ Labour Party and the Irish Rugby team of very recent history! 😉
Disclaimer: though my moniker is Mac1 there is no blarney or bias in this summation, at all at all at all.
No need for headlines, 2 days of discussions and it’s sorted, lessons to be learnt by other parties maybe?
http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=11763085
Who knew that motels were going to be a fundamental part of the “wrap around” service that the Ministry of Social Development were going to provide?
Used to house (and indebt) our ever increasing homeless, they are also a depository for our vulnerable children. ( Unless there is a free gang associate house available that is).
I was speaking to a CYFS worker just yesterday, and those in her office are spending much of their time coming up to the holidays looking for motels to place children. When I asked who was there to provide caregiving, she shrugged her shoulders and said “Who?”.
Molly it’s all about physical assets, such as motels and the buying and selling of them. The actual social part of it, does not appear in the neoliberal manuals so just sort of falls off the radar. People are not considered assets under neoliberalism they are just vehicles of loss .
Similar to the conference centres (to create jobs but the job bit is the fudge, in fact rather than create jobs for locals you just import workers in because they are cheaper, then you have a housing crisis to solve to house all the new people etc), the homeless crisis, (rezone land and then let the market do ‘it’s thing’, the immediate housing is irrelevant), etc etc.
Would agree with you there, saveNZ.
How and why to turn a turtle on its back,
https://thestandard.org.nz/the-standard-is-offering-to-the-national-party-leadership-contenders-guest-post-slots/#comment-1271775
Did anyone else see the awful add in the herald yesterday.
The solid energy add, Mansplaining at it’s worse. So condescending it was sickening.
For a so called open letter – noticed no signature. How cowardly can you get.
Funny anyone with half a brain realised it was out and out propaganda. Well I suppose solid energy will do anything for their political masters.
This government is such a bunch of wankers, hiding behind a so call private company to lie and spin to New Zealand public.
New low.
And published in the Herald where Westcoasters are sure to read it. Ha 🙁
More grievous ignorance of sports history in the media.
Morning Report, RNZ National, Thursday 8 December 2016, 8:25 a.m.
This morning featured a report from Indira Stewart of the Pacific Radio Network, stating that Joseph Parker and David Tua are the “only two New Zealanders to have ever fought for the World Heavyweight title.”
That is nonsense, of course. On Thursday 26 July 1928 Gisborne’s own Tom Heeney fought Gene Tunney for the title at Yankee Stadium. The fight was stopped in the 11th round.
Neither Susie Ferguson nor Guyon Espiner seemed to notice, and simply carried on with the next item.
For those who, unlike Indira Stewart, care to know something about boxing history, here’s a tape of the fight…
https://www.youtube.com/watch?v=dPCOxpECsgw
Also https://en.wikipedia.org/wiki/Bob_Fitzsimmons
We can sort of claim him 🙂
Thanks Puckish Rogue. What an inattentive fool I am! In my haste to excoriate RNZ National, I merely show up myself.
Assuming you don’t have access to the same resources RNZ have its an easy error to make, unless you come from Timaru of course in which case there’s no excuse 🙂
Fitzsimmons having a fight reffed b ywyatt earp,and the famed fight on the sandbar in the rio grande organized by judge roy bean.
https://en.wikipedia.org/wiki/Fitzsimmons-Maher_Prizefight#/media/File:BeanSign_small.JPG
Well that wins the internet for coolest thing I’ve read all year 🙂
I also think jimmy Peau thought for some non descript world title in Queensland a few years back
Yes I remember something along those lines. Whatever happened to Jimmy Peau?
I don’t know anything about him lately but 5 years ago he was pretty down on his luck
http://www.stuff.co.nz/sport/other-sports/3481691/Thunder-Jimmy-Peau-on-the-canvas
Theres this from 2014:
http://www.stuff.co.nz/national/crime/10524793/Jailbird-Peau-likely-to-be-deported-Down-Under
Thanks for that Alwyn.
MEET THE CANDIDATES
No. 3: Judith “Crusher” Collins
Possibly the nastiest and most immature political candidate in New Zealand’s history—though not the stupidest.
http://www.stuff.co.nz/national/politics/87288904/nicky-hager-takes-on-aspirant-pm-judith-collins
“She has the integrity.”—Don Brash.
Ok then we’ll just turn a blind eye to the frauds then because somebody is making a short term buck and it will expose the governments underfunding of education, so they are doing nothing and leaving the short term housing issues and longer term problem of all our fraudster residents to another government … from Granny
“Yet it seems no one can really tackle the student visa rort because we now depend on it.
The country makes $4.28 billion a year from international students, our fourth biggest industry behind dairy, tourism and meat. Put aside legitimate questions over how much of that money stays in New Zealand and circulates in the wider economy, as opposed to the immigrants themselves. If we turned off the tap tomorrow – the Government’s nightmare scenario after the sudden collapse of the Chinese market in 2003 – many office buildings would be half empty and central Queen St would become a ghost town. Even reputable education providers would go broke and most polytechnics and universities could not make ends meet with domestic students alone. Economic activity would also take a hit, as international students are doing the difficult, low-paid jobs that most New Zealanders avoid – at least until the students get their residence visa.
In short, fundamental changes are unlikely to come from the top because too many powerful interests are benefiting from the current system, despite its obvious flaws. The only hope is for more honest people within the student visa scam to stand up and be counted.”
If we turned off the tap tomorrow … many office buildings would be half empty and central Queen St would become a ghost town. Even reputable education providers would go broke and most polytechnics and universities could not make ends meet with domestic students alone.
Gosh, that would be a disaster! Good job there’s no proposal on the table to ban international education outright then, eh? Cleaning up the industry would make it worth less, but would still leave universities, polytechs and schools teaching a lot of international students.
The actual reason the government won’t do anything about the scam is in this bit:
…international students are doing the difficult, low-paid jobs that most New Zealanders avoid – at least until the students get their residence visa.
That is, the success of this scam to bypass our immigration standards and ensure a supply of cheap, easily-exploited labour for National’s constituents, with downstream effects on local pay and conditions, is the government’s main reason for not cleaning up the international education “industry.”
“many office buildings would be half empty and central Queen St would become a ghost town.”
What happened to the cherished Number 8 approach to solving problems with innovation? Empty office buildings in Queen Street + homeless in Auckland should = conversion to family apartments and a community revitalisation of Auckland central.
As for the other, fund education to sustainable levels.
Couldn’t all the empty buildings be given to solve the housing crisis????
All solved. move on.
Gareth Morgan tells Paul Henry the truth.
And Paul Henry hates being shown up for being the selfish git he is.
Morgan to Henry…
“You’re telling me that you don’t give a toss about New Zealand being fair. ‘Pull up the ladder, Jack, and the rest of you can get stuffed’. What sort of New Zealand values do you have, man?”
“You’re just a tax loophole cowboy, that’s all you are,”
“I’m about making New Zealand fair. You’re self-centred and you don’t give a toss about being fair in New Zealand.”
“Don’t tell an economist what a reverse mortgage is mate.”
“In media soundbytes are important, that’s why your sort of media is dying mate.”
And Henry’s retort, with his expensive house, European car and entitled lifestyle threatened.
Morgan is a communist.
Watch it. It’s great to see the tosser Henry being dealt to.
http://www.newshub.co.nz/politics/tax-policy-bust-up-gareth-morgan-trades-insults-with-paul-henry-2016120808
Morgan needs to become less defensive when he’s discussing his party’s policies.
I certainly support his Comprehensive Capital Tax. If you have an asset that returns some benefit then it should be taxed at the commensurate income of that benefit.
I agree Morgan did not help his case, loosing his cool, playing the man not the ball, never a good look unless your of a Paul persuasion and just want to see Henery abused
zzzzzzzzzzzzz
I do not totally agree with Morgan, but at least he has us discussing these things, and his heart is in the right place.
I don’t see what a CCT can do, that conventional inheritance, income and CGT combined, along with getting rid of private trusts immunity from claims, cannot.
Only someone as truely ignorant as Henry, can have such confidence.
I don’t blame Morgan for getting annoyed with the bumptious twit.
1. Gets rid of land banking. The land will have to produce an income year to year else it’s just going to cost too much. A CGT may get the tax once the land is sold but it doesn’t prevent it.
2. Encourages people living in large, expensive houses to shift into smaller houses with smaller land thus freeing up more land for housing thus encouraging density increases.
Neither do I but he shouldn’t have shown it. His sitting back, hands tightly crossed before him shows that he’s on the defensive and is exactly the reaction that Henry was going for.
He needs to be able to sit there, calm, arms open, answer the questions and, yes, call Henry a bumbling, selfish idiot.
3. It could allow marginal land to remain as wilderness.
It does sow why trying to debate with the “Haves” is so difficult. Why would a “Have” like Henry be in the least concerned about the “Havenots”?
If he can’t handle Henry how is going to handle the rest of the pressure that’ll come, its all well and good to say what you think should happen and get nice media fluff pieces but hes thrown his hat in the ring and now what he says is going to be picked over with a fine tooth comb and he’d better be ready with some answers
Morgan wants retired people to get a reverse mortgage on their house so they can pay property taxes, he a communist arsehole.
No he doesn’t. and he’s most definitely not a communist. He’s very much a capitalist – he’s just one that sees many of the limitations that the way capitalism operates and how it doesn’t pay it’s full costs and puts those costs on the poor instead.
I’d have thought he wouldn’t have been stupid enough to include the family home in this, I can’t imagine any political party thinking that’s an idea the voters will go for, not even the Greens
Yes I’ve seen first hand how paranoid and touchy the entitled property class is about their inflating asset values.
They expect to sit on their million dollar+ houses and bank capital gains of 80K per year for ever. If anyone suggests this model is neither sustainable nor fair then they are shouted out of the room.
This unreasonable, greedy behaiour is sowing the seds of class war. I suppose this is the ugly side of Pakeha culture. They stole Aotearoa in the first place and now (like some kind of landed gentry), they expect the serfs to slave away paying high levels of tax and rent. Wealthy boomers have come to expect a well paid retirement with no means testing or CGT.
What a pack of spoiled brats
Well the average house price is $600 000.00 but please go ahead and suggest to the voters that taxing the family home, the house the retired have worked for entire lives to own (while paying taxes) is a really good idea
http://www.radionz.co.nz/news/national/309978/average-nz-house-price-tops-$600k
Why should some people (who have also worked their whole lives) have to keep paying high rents for ever, while others who managed to climb into property ownership get free accommodation and tax breaks and full super without any form of means test?
Not sustainable, not fair, and kinda gross in the middle of a housing crisis
I actually support means testing by the way but the family needs to be exempt
Why not except a family home up to a certain value.
Exempting the family home is a loophole the wealthy will drive a bus through.
+100
what about Maori land Ropata… how many Maori (or Pakeha for that matter) have the income to pay yearly taxes on their capital?
All that will happen is what is already happening, Kiwis can’t afford to live in their own country with all the taxes and the low wages and foreigners will buy us up cheap.
That’s where Morgan’s ideas falls down.
I’m more into the Sanders and Corbyn approaches on Robin hood taxes on banks and transaction style taxes.
Don’t expect an answer, ropata jumped in with the chance to score a “hit” on a rightie and didn’t think through his reasoning
I am not a policy analyst nor am I a spokesperson for Morgans TOP vehicle. I just think he talks a lot of sense and in principle I agree with his fair minded ideas.
Morgan’s tax is aimed at the top few% of wealthy property holders who are banking tax free capital gains. He reckons his LVT will be either neutral or advantageous for most people because he will also drop income taxes.
Anyway I think this party is just a way for him to get the ideas of his Foundation into mainstream media. In the current volatile economic climate his is a vital counter narrative to the standard capitalist dogma we swim in.
Remember this is in the context of an unprecedented housing crisis, Morgan’s ideas are not cooked up in a vacuum.
I understand this is heresy against the national NZ religion of a quarter acre pavlova paradise.
Gareth Morgan has my full support for sticking it to that twit Henry. Watching that video clip made my day. I thought Morgan eviscerated the prick.
I think he got frustrated that Henry kept coming up with stupid examples, but there was no need for Morgan to stoop to Henry’s level of childish insults.
Henry is very gifted at twisting things according to his warped view of the world and dominated the interview in a very rude and hostile manner. For some reason he was much nicer to Ann Pettifor and allowed her a lot of time to express her position.
http://www.debtonation.org/2016/10/ann-pettifor-in-new-zealand-on-the-financialised-economy/
promising signs from gareth, perhaps he can come up with a public broadcasting policy as no one else seems to to sort that issue out.
Wow! a strange thing happened, somehow, somewhere, someone came to the conclusion that for true comparison of two different systems, they need to be measured with the same criteria.
But our favorite hologram disagrees, seems if there’s money involved, and a contract to enforce well…………. it’s just a bit confusing for the average Joe/Jane and at that point we should bow out and leave it to him and the other “experts”.
http://www.radionz.co.nz/news/national/319865/charter-school-ncea-reporting-to-be-brought-into-line
I was going to put up a link to the interview on Natard this morning with Paula Bennett and how she will make a truly awesome Dep Leader of the Natzional Party but the website appears to be having access problems….but never mind, I’ll do a Morrissey and give y’all a transcript.
Ms. Bennett….what qualities do you believe you have for the Deputy Leaders role?
hahahahahahahahahahahah….pause for gurgling breathhahahahahahahahahahah
gigglegigglegigglegigglegigglegigglegiggle
and so on, ad nauseum.
Here….http://www.radionz.co.nz/national/programmes/morningreport/audio/201826881/bennett-or-bridges-for-national's-new-deputy
This is a fascinating article about how a gunman attacked a pizza parlour in Washington after conspiracy theorists claimed Hilary Clinton was running a child sex operation out of it. It argues that mis-information is being used as a political tool.
https://theintercept.com/2016/12/06/disinformation-not-fake-news-got-trump-elected/
InfoWars video in 5… 4… 3….
/
No country with a McDonald’s can remain a democracy
George Monbiot
Since the 1980s we’ve let the corporations rule and it’s become obvious that it’s detrimental to us as a community.
So true, the NZ government was seduced and subverted in 1984 and now it’s become a schizoid institution that purports to represent the people of New Zealand, but is instead complicit in their exploitation.
It’s not exactly secret, all this has been well documented (see cafca.org.nz), but since it has been a slow and ongoing process the sale of NZ piece by piece to foreign interests doesn’t make the news cycle.
Just read the whole thing — how depressing. Maybe democracy was just a temporary aberration and the natural state of the human race is feudalism and internecine tribal conflict.
When the USA was founded corporations were deliberately outlawed because the founders had seen what they did to Europe. Sadly that didn’t last long
Democracy does seem to be more of an aberration with dictatorships and oligarchies ruling most of the time. Of course, the oligarchies and dictatorships always collapse due to the hubris and greed of the rich. And when they do we go back to being a democracy which then builds up society which the rich then take over and destroy.
It seems to be an iterative process as we learn more our democracy gets better but, unfortunately, we haven’t learned to prevent people from getting rich yet.
“Representative Democracy” was bound to fail.
Putting that degree of power in the hands of a few people, is always going to be subverted.
Democracy, however!
Finally Assange is permitted to answer the slander against him on record.
It has taken six years for this to occur. An outrageous abuse of legal power and process!
https://justice4assange.com/IMG/html/assange-statement-2016.html
Thanks for that, xanthe. Don’t expect anything on this to appear on our television news this evening. (Time constraints due to extended banter between the autocue readers and the sports guy and the weather guy.)
Thanks xanthe. Pretty awful in this day and age. What next?
Some conservative Kiwis are very unhappy that the ugly side of their country’s Pacific history is being exposed: http://readingthemaps.blogspot.co.nz/2016/12/counting-victims.html
+1 fascinating and tragic tale. Absolutely should not be covered up. Love your work RTM and it deserves to be published widely.
What does brought in to line mean?
Are the Charter schools just lying about there pass rates?
Charter school pass rates plummet when brought in line with state schools
http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=11762756
“Brought into line” means there’s been a corrupt system working and now it’s been outed.
Hekia Pariah and the Epsom Idiot have been spinning crap about it today to try to make people with ordinary intelligence believe it is something it wasn’t. I didn’t need to go to a charter school to recognise bullshit when I see it.
A leaked memo from the Beehive 😉
Ok so Little was safe until the next election because, lets all be honest now, Little was going to lose to Key but that was keeping him safe because anyone else would have to lost to Key as well
Now Keys gone and English is in charge, English who has lost before, English who isn’t exactly Mr Charisma, English who is beatable…Little might win and that’ll mean six years and then National will be back in so that’s a long time to wait if you’re an MP
But Little hasn’t improved Labours numbers, in fact it’d be fair to say Labours numbers, being positive, stagnating and if National don’t drop below 40% and NZFirst stay above 10% then that’s another term for National
So in light of the new developments is there someone in Labour that will answer the call to arms?
On a completely unrelated matter, what are the chances Robertson is going to be firing up the ol’ BBQ over Summer? 🙂
That’s not what Key himself thought. He said said he didn’t like losing which is why he jumped ship.
Key is a coward and I believe he will be remembered for that.
If there’s one thing to be learned from the Trump, Key, Cameron phenomena it is that policy is totally irrelevant and in fact it switches people off. What people vote for is a smiley wavey confident snake oil sales person. Even Obama and Trudeau benefited from this mindless herd behaviour. (Scott Adams made some excellent observations of Trump’s persuasion techniques and NLP type shit)
Maybe Labour needs to put up All Blacks and TV personalities instead of serious candidates.
I kind of agree with this but you’d be hard pressed to find a Labour supporting All Black although Chris Laidlaw is probably still hanging around if you want to use him
Labour is appearing more solid by the day, all the dead wood is being pruned game on pucky , the planet key lotus eaters will awake from their stupor in time for the right man to be the next PM.
i think they are addicted to the property price inflation koolaid and will keep drinking it until NZ sinks into the sea. or some other unthinkable disaster happens like “interest rates”
Robertson has been sorting out things in the background and doesn’t have to
CV will be delighted to learn Trump’s rumored pick for FDA director reckons big pharma should release new drugs, whether they work or not.
/
O’Neill also could push the agency in new directions. In a 2014 speech, he said he supported reforming FDA approval rules so that drugs could hit the market after they’ve been proven safe, but without any proof that they worked, something he called “progressive approval.”
“We should reform FDA so there is approving drugs after their sponsors have demonstrated safety — and let people start using them, at their own risk, but not much risk of safety,” O’Neill said in a speech at an August 2014 conference called Rejuvenation Biotechnology. “Let’s prove efficacy after they’ve been legalized.”
http://www.bloomberg.com/politics/articles/2016-12-07/trump-team-is-said-to-consider-thiel-associate-o-neill-for-fda
Who are you going to drool over now till the next election Puckerman? now that your beloved idol has spit the dummy.
I’m more curious whose leg the Hosk is going to hump now. It just won’t be the same if it’s English’s leg he latches onto.
@ Andre brilliant + 100
Hosking’s done his “Best PM Ever” shit now he’s checking out the Blinglish (invented word) ‘rectalia’. He’s a bit shameless with his rat-up-drainpipe styles is Hosk’.
FFS…….dork Max Snr. Couldn’t resist could he? http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=11763286
I don’t mean the ‘doing’…….the “lonely backbencher” line weren’t half bad akshully (well done CT!)…….no, it’s more the studied ‘telling’.
No class. Aux Old Money must be immensely glad about The Leaving.