Imagine a capital gains tax was in place now as proposed. The Labour Party calculations by Berl Economics on page six estimated an annual price appreciation rate of 3.5%. Using this as a basis, this would give an annual increase in the first twelve months of $8,750 on which tax would later be payable of $1,312.
THIS AMOUNT OF TAX IN THE FIRST YEAR IS THE EQUIVALENT TO $25 PER WEEK.
I would conclude that over time rents would need to adjust by an equivalent amount to maintain the current position, if a similar number of landlords would be expected to facilitate supply of accommodation.
The other major factor which effects Rent levels is interest rates… and they are forecast to rise from later this year. Planning a new tax on landlords to apply 2013 might not be ideal for those who might want to rent housing.
Take away the emotive language and focus on facts. The Average property Investor is not a high income earner and may have one to three properties. Trying to save for retirement so as to ring fence themselves from Government!
Scott Mason, tax principal at WHK in Dunedin, said a move to CGT would be an “absolute, fundamental change to Kiwis’ mind-sets” – developed over more than 100 years.
He said introducing CGT would be a “winner” for valuers, lawyers and accountants, while the “losers” would be “every Kiwi striving to do better for themselves by saving and investing in assets, as opposed to spending in the here and now”.
Dunedin has a unique mix of investment properties with a high proportion of student rentals. If rents get a double whammy from rising interest rates and CGT how much will it impact on Dunedin as an attractive proposition for education?
Students won’t buy properties in Dunedin if landlords decide it’s not worth investing here under CGT.
What does the presumed new Labour MP for Dunedin North think?
Just watched excellent presentation on youtube. David Cunliffe explains how Labour is going to build a fairer future for New Zealand. Superb – and timely.
Good plug for Labour. No consideration for Dunedin North.
Come on David, are you standing for a party or an electorate?
Is National paying you to recycle these discredited FUD arguments all over the internet? This is what I gleaned:
– The wealthy Property Investors Assn wants to keep their tax free speculation profits
– Some people think they have the right to evade their tax obligations
– The suckers buying houses to live in ought to be shafted by a bubble economy and be grateful
– The bank will be stoked to have another Kiwi paying mortgage interest to its Aussie shareholders
– Landlords will be “forced” to put up rent (stop the press! landlord tries to increas rent!)
– It’s all so frightening I MUST USE CAPITAL LETTERS TO EMPHASISE that I might be taxed for money I gained WITHOUT DOING ANYTHING PRODUCTIVE
Breaking News – the President of the Otago Property Investors Assn doesn’t like a CGT!
A CGT closes a great big gaping hole in our tax regime that has enabled people to convert taxable income to non-taxable capital gain and therefore avoid paying tax. This is unfair and is a burden on all other taxpayers.
My previous boss had an annual income of $250,000 p.a. and boasted he never paid more than $10,000 p.a. in tax as he offset his income against his highly geared rental property portfolio.
a move to CGT would be an “absolute, fundamental change to Kiwis’ mind-sets” – developed over more than 100 years.
Sure will – no more using property speculation to avoid income tax.
Need to do a bit more secret squirreling if a couple of quotes from vested interests is the best you can come up with.
A CGT closes a great big gaping hole in our tax regime
But will a CGT with a myriad of little holes do it?
I’ve looked for local comment because a change in emphasis on investment taxation could have a big impact on Dunedin. I’ll happily post different views on it, CGT deserves a good debate.
I don’t like Key dismissing it completely. That’s bad politics.
I’d prefer to see a CGT designed with expert input and wide electorate now, not tweaking or window dressing the final product, and not designed around potential voter groups in a party backroom.
A fundamental change to our tax system like this deserves far more than being an election year bribe and scare football. Doesn’t it?
But will a CGT with a myriad of little holes do it?
So you’ve agreed that there is a great big gaping hole in the tax regime that needs to be fixed. Not doing anything about it is a bit like not building a dam because you’re worried there might be a few leaks.
I’ll happily post different views on it, CGT deserves a good debate
Go on then do it.
A fundamental change to our tax system like this deserves far more than being an election year bribe and scare football.
It’s called policy actually and all being well it’s what elections should be won or lost on. Or would you prefer us to elect MPs on their looks or ability to “smile and wave”.
No dam is better than a dam with holes that you have no idea in advance how open they will get.
Policies are important for elections but it’s also important to have faith in those behind the policies, that they will consult and listen and respond, and not just emerge from a party back room with what they think is a vote winner and try to shut off valid criticism and debate.
A debate on something as big and important as a a major tax restructuring should last for more than a couple of weeks, shouldn’t it?
Trying to frame it now as “choose this or something else” is trying to shut down debate when it should only be starting,
“…it’s also important to have faith in those behind the policies, that they will consult and listen and respond…”
Riiiight. Like National do. Or like you do, here. Goodo.
“…and not just emerge from a party back room with what they think is a vote winner…”
It’s becoming apparent that your real problem with a CGT is that you think it’s a vote-winner too.
“Trying to frame it now as “choose this or something else” is trying to shut down debate when it should only be starting”
Actually this has been debated for decades. You’ve only just started to take notice now that you have to for political reasons, and if you’re too late to be involved that’s nobody’s fault but yours.
Actually this has been debated for decades. You’ve only just started to take notice now that you have to for political reasons
I thought that was referring to the Labour Party, because according to Goff they only started to take notice this year when they decided they need to compete with asset sales policies.
The catalyst for Labour’s support of a capital gains tax was the government’s proposal to sell shares in state-owned assets.
Labour leader Phil Goff said at the launch of his party’s tax policy this afternoon that the proposal was a declaration of intent that effectively called on Labour to find the political courage to map out a better, more viable alternative.
when they decided they need to compete with asset sales policies.
Trying to rely on a one liner to explain why Labour came up with a CGT communicates an ignorance of how policy priorities are chosen and the detailed process needed to forge policy which is strong and workable.
The CGT does a lot more than compete with National’s asset sales agenda, it demonstrates a willingness on Labour’s behalf to rebalance the entire economy and broaden the tax base, a process which Labour has explicitly said will take years.
English and Key on the other hand have a one hit asset sell off. Not much competition really.
And don’t you just cringe when Key and Co, keep on with the “kiwi mums and dads” line. I am a Kiwi Dad I and I don’t have any money saved, So Blinglish is deluding himself if he thinks that we can afford to go out and buy shares willy nilly just so he and his mates can have Tax cuts.
If you bothered to see what he said, you’d know that he praised Labour for bringing CGT up, he criticised them for proposing a holey version, and he criticised National for turning their backs on it.
I’m not going to say “I love Labour’s proposal, there’s nothing at all wrong with it”. That’s not balance, that’s stupidity, which you seem to have woken up with today.
It seems to me that any would-be landlord who can’t make a normal profit should stay out of the market. The trouble is that 15% is not high enough to keep out punters who can’t make it work. I think I would set the rate to 90% with an abatement of 5 percentage points per year to 15% after 15 years. Hopefully this would keep out speculators, and renovators who want to pass off the fruits of their renovations as capital gains.
The real problem in the rental market is not the lack of a CGT but high property values, and perhaps high interest rates, which makes it difficult for landlords to make a normal profit.
[It seems to me that any would-be landlord who can’t make a normal profit should stay out of the market. The trouble is that 15% is not high enough to keep out punters who can’t make it work. I think I would set the rate to 90% with an abatement of 5 percentage points per year to 15% after 15 years. Hopefully this would keep out speculators, and renovators who want to pass off the fruits of their renovations as capital gains.]
It has actually been pointed out to me on another thread that a high rate is not actually needed for CGT to act as a deterrent, and it is clear to me that the pointer outer is correct. So I’m forced to retract all the stuff about a 90% tax rate. lol.
Secret Squirrel, or should I say Pete George..you forget that landlords have been hiking up rents and pricing a lot of people out of rental accommodation (not to mention becoming more choosy about who they rent to) for the past decade or so.
And I shall wager that with the changes to state housing being brought in, and thousands of vulnerable families being kicked off the HNZ waiting lists into the private sector, landlords will be taking that oppurtunity to put up rents even further (of course, the slum-lords union is mysteriously silent about that little issue) than they already are and than they could with a capital gains tax.
Of course, I think that the CGT should be spent on 1) expanding state housing back to pre-1991 levels, 2) higher accomodation supplements, and 3) low interest home loans for people.
In the mail this week: a letter from Anne Tolley stating that
* National plans to cut playcentre funding by 60%
* The govt prefers to fund places with qualified staff
* Submissions close at the end of August
WTF is happening with this nasty attack on community run organisations? Are mothers now required to do a (very expensive) ECE course just to have somewhere to take their kids to play with other children? Does Tolley realise that not everyone can afford fancy preschool daycare or kindergartens?
Can’t find this anywhere on parliament.nz to make a submission.
ropata I guess that Ann Tolley belongs to that school where children are valued for the clever things they can do to impress friends and rellies. That is why it is important to concentrate on the Education in Early Childhood Education. Kids should be forced forward, trained like show ponies, that’s more important than socialisation, confidence, physical skills and the use of ideas, imagination with craftwork all to be enjoyed rather than completed and measured to some standard.
In some Asian countries, I think I have heard recently about South Korea, the children suffer so much if they can’t achieve to their parents expectations that they commit suicide. I think that has been recorded here amongst some PI people. Parents who have not had much schooling themselves, and don’t understand what is involved can pressure their children beyond endurance. I don’t know if this happens particularly with girls, but often they have onerous household and child minding duties as well as trying to do homework and have high test results. I was reading about a NZ pupil on exchange in France, their school went from 8am to as late as 6pm.
Even the Stuff National poll http://www.stuff.co.nz/national/
is coming up with
Partial Asset Sales 46.9%,
Capital gains tax and higher top income tax 53.%
Given the expected bias from an internet poll that has to indicate at least a 10% margin in favour of Labours programme of looking after the many rather than the few.
A while ago, I decided to get some dance lessons. Don’t get me wrong; I can dance already, being a veritable master at the Twist and Funky Chicken. However it’s tap dancing that has always interested me… so I finally paid for some lessons, which are going superbly! There’s still a few months to practice before the big night, and a few spaces left in the tap dance class, so feel free to get your dancing shoes on as well.
Unfortunately polls suggest most people don’t see him that way.
In most of his interviews (and yes, again launching Labour’s CGT) he looks uncomfortable with his message. He looks like he’s saying what he thinks he has to say, and not what he feels and believes.
He’s been in politics long enough to be familiar with dealing with media interviews, so can’t be inexperience.
Goff looks like the party that is dragging him in directions he’s not comfortable with. He doesn’t look like he believes in what he’s saying.
Pretty large assumptions to make there SS. It’s apparent that Phil Goff is running Labour properly, hence the unbalanced opinion shown on the Nation program today. The right wing program even said the CGT would apply to Christchurch houses, when they will initially be exempt. It’s one thing to tell only one side of the story, but to blatantly lie about a political parties policies is not acceptable.
It is Labour’s policies that people will vote for. There is already overwhelming support for the well constructed CGT from a wide range of the community. Such a tax will make many speculators vote National, and many more poor people vote Labour. There are more poor people than wealthy, National has made sure of that.
The other side of the coin is that people will now vote against National, because they have failed to deliver any of their promises. You can harp on about Goff’s mannerisms all you like SS, they beat John Key’s lies and failure hands down.
It’s apparent that Phil Goff is running Labour properly, hence the unbalanced opinion shown on the Nation program today.
Interesting comment jackal.
I noted on Thursday evening’s TV1 and TV3 news programmes (immediately after Labour’s announcement) that TV3’s coverage was much fairer and more balanced than TV1. In fact TV1’s coverage was blatantly partisan against Labour and the CGT tax. It suggests to me that the problem is not the respective TV stations as such, but rather the personnel who run the individual news and current affairs programmes.
Yeah but don’t forget that SS or Pete or what ever nom de plume he’s using at the moment, has had to stoop to name calling, because every other argument he tries to start is met with solid FACTS. See SS or Pete, FACTS not guesswork, or as in the case of Blinglish and KY Prayer. As in don’t have one!
This morning Kim on radionz was interviewing author –
Gerald Seymour: thrills and terror
British writer Gerald Seymour worked for many years as an international news reporter. His first thriller, ‘Harry’s Game’, was published in 1975; he has since written a further 25 bestsellers. His new book is ‘A Deniable Death’. (44′11″)
Interesting chap. He talked about the Balkans and the plight of the Muslims in the area affected by the Serbs’ rush of blood to the head and feet, and how hard it would be to improve the survivors’ life to normality, perhaps never in their lifetime. He wrote Harry’s Game about Northern Ireland and how violence is breaking out there again. (It was probably depression from seeing the infighting of Greek partisans once the Germans were dealt with that led to John Mulgan taking his life.) Old enmities, old traditions allowed to fester need cleaning out with a new mindset, a different approach to contested traditions.
Then Joky Hen says he isn’t interested in making any changes to the loyalty oath in our parliament because it is long-standing. Making small changes that allow for better relationships and meet ideas of fairness are necessary by wise, intelligent leaders of society. Which Joky Hen isn’t.
Intermittent signal July 2011/4 (last11/7)
People in NZ doing things with ideas for a good future here.
Radio NZ today – Country Life Making a Lifestyle Block Make Money
The Madsens own a beautiful home in a cluster of lifestyle blocks in North Auckland. They have a few pigs and a sheep on their one hectare of land. So far, so ordinary. But the couple have built a unique way of life by turning the idea of the unproductive lifestyle block on its head. They run a herd of 150 cattle, over a number of blocks. (duration: 11′23″)
Download: Ogg Vorbis MP3
and A New Home for Koanga Institute and Gardens
For the past 25 years Kay Baxter and her husband Bob Corker have been saving New Zealand’s heritage fruit trees and vegetables at Koanga Gardens in Kaiwaka. But five years ago they decided they needed a new place to live so have found a new home near Wairoa where they’re developing a Community Land Trust which they hope will support up to 30 families. (duration: 22′03″)
Download: Ogg Vorbis MP3
and Wool Based Disposable Nappies
Potroz-Smith Technologies is developing a super absorbent wool-based material called NatraZorb, to be used in disposable nappies, amongst other things. Derelee Potroz-Smith says the idea started on her family’s Taranaki farm with romney sheep. (duration: 6′11″)
Download: Ogg Vorbis MP3
Wasn’t Citizen A amusing last night. Cameron Slater squirming when put on the rack concerning his infamous gut shot comments re Arie Smith-Voorkamp was priceless. But then the ignoramus AKA Whaleoil made a most interesting revelation, which seems strange in context to his normal campaign of disinformation…
Personally I think that there will be a deal to raise the debt ceiling, and that a crisis will be averted. However it will involve slashing what is left of the USA’s social safety net and public sector. And quite a few more people will consigned into hardship, or worse. But really, what’s a few more in the scheme of things.
40 years ago, only Nixon could go to China. Now in 2011, only Obama could cut Social Security (and Medicare)
Republicans and Democrats are two sides of the same coin.
One possible outcome is that they increase the Federal Debt Limit but with no changes to entitlements or tax increases i.e. they just kick the can a bit further down the road. What do you reckon the chances are?
Unemployment is skyrocketing among Maori youth, yet tribal leaders would rather employ fishing boat crews from overseas instead of purchasing their own boats and training up their young people to crew them.
Im guessing they would rather use the profits to dish out scholarships to family members and buy BMW’s.
If Hone wants any modicum of respect, then he should be highlighting this issue, instead of throwing his toys when he doesn’t get is own way when he is sworn in.
So the thin blue line (aka ‘the filth’) have performed another summary execution when they gunned down an admittedly troublesome person at the Headlands Hotel according to media reports….
“I am able to confirm that the man was challenged, a dog deployed, there was a struggle and Police discharged a firearm.”
The man died at the scene.
The police shot was the only shot fired, he said.
The man’s gun had not yet been found.
A knife was found near his body, Mr Handcock said.”
What are tasers and pepper for? Oh thats right, they are to ensure compliance not end this sort of situation in a non lethal way. The fact is whenever the pigs draw a firearm prepare to die as they are trained to aim at the torso only, ie shoot to kill. Fer crissakes they had 30 plus special coppers hanging around and it just looks like a grotesque training exercise given the forces involved.
The stand-off began last night, when Ratahi stormed into the hotel’s restaurant and pulled out a rifle.
“He was yelling at us to get out and I just yelled at the girls to move, move, move and we all ran for the front door,” said witness Kathy Muggeridge.
“As soon as the guy saw police approaching he pulled out a gun and that was when he pointed it … and told us to go.”
Witnesses said they saw the gunman beating up a waitress and dragging her across the floor.
Inspector Pat Handcock told media the man was shot once and died at the scene. He was armed with what was thought to be a handgun.
Ratahi has previously been charged with assaulting a woman using a knife and injuring with intent to cause grievous bodily harm.
Early this morning, the man could be heard yelling at police.
”You come over here, sonny boy – I’ll shoot you first,” he said.
Yeah thats right when someones got a firearm its reasonable to use a taser and pepper spray on them
I know this might be a foriegn concept but maybe in future:
Don’t kidnap people
Don’t beat up women (actually don’t beat up anybody)
Don’t threaten people with a firearm
Don’t threaten the police with a firearm
Give yourself up when challenged by the police
It is really difficult to follow the logic of John Key & the Nats in relation to a CGT. Is the guy actually thinking lucidly or groping around for some solid arguments against the tax.
I heard him on the radio today stating how ‘NZ needs more tax payers, not a new tax’. Has it escaped his attention that a CGT is about broadening the tax base and bringing into the tax system parts of the economy which are not taxed at present. Ipso facto, more tax payers.
On the news tonight Bill English states that people not paying tax on income earned is ok whereas the likes of Selwyn pellett and Gareth Morgan are both saying they should be paying tax on hitherto untaxed profits.
The Nats have really struggling to be coherent at the moment.
On the 19th of March, ACT announced they would be running candidates in this year’s local government elections. Accompanying that call for “common-sense kiwis” was an anti-woke essay typifying the views they expect their candidates to hold. I have included that part of their mailer, Free Press, in its entirety. ...
Even when the darkest clouds are in the skyYou mustn't sigh and you mustn't crySpread a little happiness as you go byPlease tryWhat's the use of worrying and feeling blue?When days are long keep on smiling throughSpread a little happiness 'til dreams come trueSongwriters: Vivian Ellis / Clifford Grey / ...
Here’s my selection1 of scoops, breaking news, news, analyses, deep-dives, features, interviews, Op-Eds, editorials and cartoons from around Aotearoa’s political economy on housing, climate and poverty from RNZ, 1News, The Post-$2, The Press−$, Newsroom/$3, NZ Herald/$, Stuff, BusinessDesk/$, Politik-$, NBR-$, Reuters, FT/$, WSJ/$, Bloomberg/$, New York Times/$, Washington Post/$, Wired/$, ...
ACT up the game on division politicsEmmerson’s take on David Seymour’s claim Jesus would have supported ACTACT’s announcement it is moving into local politics is a logical next step for a party that is waging its battle on picking up the aggrieved.It’s a numbers game, and as long as the ...
1. What will be the slogan of the next butter ad campaign?a. You’re worth itb.Once it hits $20, we can do something about the riversc. I can’t believe it’s the price of butter d. None of the above Read more ...
It is said that economists know the price of everything and the value of nothing. That may be an exaggeration but an even better response is to point out economists do know the difference. They did not at first. Classical economics thought that the price of something reflected the objective ...
Political fighting in Taiwan is delaying some of an increase in defence spending and creating an appearance of lack of national resolve that can only damage the island’s relationship with the Trump administration. The main ...
The unclassified version of the 2024 Independent Intelligence Review (IIR) was released today. It’s a welcome and worthy sequel to its 2017 predecessor, with an ambitious set of recommendations for enhancements to Australia’s national intelligence ...
Yesterday outgoing Ombudsman Peter Boshier published a report, Reflections on the Official Information Act, on his way out the door. The report repeated his favoured mantra that the Act was "fundamentally sound", all problems were issues of culture, and that no legislative change was needed (and especially no changes to ...
The United States government is considering replacing USAID with a new agency, the US Agency for International Humanitarian Assistance (USIHA), according to documents published by POLITICO. Under the proposed design, the agency will fail its ...
Hi,Journalism was never the original plan. Back in the 90s, there was no career advisor in Bethlehem, New Zealand — just a computer that would ask you 50 questions before spitting out career options. Yes, I am in this photo. No, I was not good at basketball.The top three careers ...
Mōrena. Long stories shortest: Professional investors who are paid a lot of money to be careful about lending to the New Zealand Government think it is wonderful place to put their money. Yet the Government itself is so afraid of borrowing more that it is happy to kill its own ...
As space becomes more contested, Australia should play a key role with its partners in the Combined Space Operations (CSpO) initiative to safeguard the space domain. Australia, Britain, Canada and the United States signed the ...
Ooh you're a cool catComing on strong with all the chit chatOoh you're alrightHanging out and stealing all the limelightOoh messing with the beat of my heart yeah!Songwriters: Freddie Mercury / John Deacon.It would be a tad ironic; I can see it now. “Yeah, I didn’t unsubscribe when he said ...
The PSA are calling the Prime Minister a hypocrite for committing to increase defence spending while hundreds of more civilian New Zealand Defence Force jobs are set to be cut as part of a major restructure. The number of companies being investigated for people trafficking in New Zealand has skyrocketed ...
Another Friday, hope everyone’s enjoyed their week as we head toward the autumn equinox. Here’s another roundup of stories that caught our eye on the subject of cities and what makes them even better. This week in Greater Auckland On Monday, Connor took a look at how Auckland ...
The podcast above of the weekly ‘Hoon’ webinar for paying subscribers on Thursday night features co-hosts & talking with special guest author Michael Wolff, who has just published his fourth book about Donald Trump: ‘All or Nothing’.Here’s Peter’s writeup of the interview.The Kākā by Bernard Hickey Hoon: Trumpism ...
Wolff, who describes Trump as truly a ‘one of a kind’, at a book launch in Spain. Photo: GettyImagesIt may be a bumpy ride for the world but the era of Donald J. Trump will die with him if we can wait him out says the author of four best-sellers ...
Australia needs to radically reorganise its reserves system to create a latent military force that is much larger, better trained and equipped and deployable within days—not decades. Our current reserve system is not fit for ...
Here’s my selection1 of scoops, breaking news, news, analyses, deep-dives, features, interviews, Op-Eds, editorials and cartoons from around Aotearoa’s political economy on housing, climate and poverty from RNZ, 1News, The Post-$2, The Press−$, Newsroom/$3, NZ Herald/$, Stuff, BusinessDesk/$, Politik-$, NBR-$, Reuters, FT/$, WSJ/$, Bloomberg/$, New York Times/$, Washington Post/$, Wired/$, ...
I have argued before that one ought to be careful in retrospectively allocating texts into genres. Mary Shelley’s Frankenstein (1818) only looks like science-fiction because a science-fiction genre subsequently developed. Without H.G. Wells, would Frankenstein be considered science-fiction? No, it probably wouldn’t. Viewed in the context of its time, Frankenstein ...
Elbridge Colby’s senate confirmation hearing in early March holds more important implications for US partners than most observers in Canberra, Wellington or Suva realise. As President Donald Trump’s nominee for under secretary of defence for ...
China’s defence budget is rising heftily yet again. The 2025 rise will be 7.2 percent, the same as in 2024, the government said on 5 March. But the allocation, officially US$245 billion, is just the ...
Concern is growing about wide-ranging local repercussions of the new Setting of Speed Limits rule, rewritten in 2024 by former transport minister Simeon Brown. In particular, there’s growing fears about what this means for children in particular. A key paradox of the new rule is that NZTA-controlled roads have the ...
Speilmeister:Christopher Luxon’s prime-ministerial pitches notwithstanding, are institutions with billions of dollars at their disposal really going to invest them in a country so obviously in a deep funk?HAVING WOOED THE WORLD’s investors, what, if anything, has New Zealand won? Did Christopher Luxon’s guests board their private jets fizzing with enthusiasm for ...
Christchurch City Council is one of 18 councils and three council-controlled organisations (CCOs) downgraded by ratings agency S&P. Photo: Lynn Grieveson / The KākāMōrena. Long stories shortest:Standard & Poor’s has cut the credit ratings of 18 councils, blaming the new Government’s abrupt reversal of 3 Waters, cuts to capital ...
Figures released by Statistics New Zealand today showed that the economy grew by 0.7% ending the very deep recession seen over the past year, said NZCTU Te Kauae Kaimahi Economist Craig Renney. “Even though GDP grew in the three months to December, our economy is still 1.1% smaller than it ...
What is going on with the price of butter?, RNZ, 19 march 2025: If you have bought butter recently you might have noticed something - it is a lot more expensive. Stats NZ said last week that the price of butter was up 60 percent in February compared to ...
I agree with Will Leben, who wrote in The Strategist about his mistakes, that an important element of being a commentator is being accountable and taking responsibility for things you got wrong. In that spirit, ...
You’d beDrunk by noon, no one would knowJust like the pandemicWithout the sourdoughIf I were there, I’d find a wayTo get treated for hysteriaEvery dayLyrics Riki Lindhome.A varied selection today in Nick’s Kōrero:Thou shalt have no other gods - with Christopher Luxon.Doctors should be seen and not heard - with ...
Two recent foreign challenges suggest that Australia needs urgently to increase its level of defence self-reliance and to ensure that the increased funding that this would require is available. First, the circumnavigation of our continent ...
Here’s my selection1 of scoops, breaking news, news, analyses, deep-dives, features, interviews, Op-Eds, editorials and cartoons from around Aotearoa’s political economy on housing, climate and poverty from RNZ, 1News, The Post-$2, The Press−$, Newsroom/$3, NZ Herald/$, Stuff, BusinessDesk/$, Politik-$, NBR-$, Reuters, FT/$, WSJ/$, Bloomberg/$, New York Times/$, The Atlantic-$, The ...
According to RNZ’s embedded reporter, the importance of Winston Peters’ talks in Washington this week “cannot be overstated.” Right. “Exceptionally important.” said the maestro himself. This epic importance doesn’t seem to have culminated in anything more than us expressing our “concern” to the Americans about a series of issues that ...
Up until a few weeks ago, I had never heard of "Climate Fresk" and at a guess, this will also be the case for many of you. I stumbled upon it in the self-service training catalog for employees at the company I work at in Germany where it was announced ...
Japan and Australia talk of ‘collective deterrence,’ but they don’t seem to have specific objectives. The relationship needs a clearer direction. The two countries should identify how they complement each other. Each country has two ...
The NZCTU strongly supports the OPC’s decision to issue a code of practice for biometric processing. Our view is that the draft code currently being consulted on is stronger and will be more effective than the exposure code released in early 2024. We are pleased that some of the revisions ...
Australia’s export-oriented industries, particularly agriculture, need to diversify their markets, with a focus on Southeast Asia. This could strengthen economic security and resilience while deepening regional relationships. The Trump administration’s decision to impose tariffs on ...
Minister Shane Jones is introducing fastrack ‘reforms’ to the our fishing industry that will ensure the big players squeeze out the small fishers and entrench an already bankrupt quota system.Our fisheries are under severe stress: the recent decision by theHigh Court ruling that the ...
In what has become regular news, the quarterly ETS auction has failed, with nobody even bothering to bid. The immediate reason is that the carbon price has fallen to around $60, below the auction minimum of $68. And the cause of that is a government which has basically given up ...
US President Donald Trump’s tariff threats have dominated headlines in India in recent weeks. Earlier this month, Trump announced that his reciprocal tariffs—matching other countries’ tariffs on American goods—will go into effect on 2 April, ...
Hi,Back in June of 2021, James Gardner-Hopkins — a former partner at law firm Russell McVeagh — was found guilty of misconduct over sexually inappropriate behaviour with interns.The events all related to law students working as summer interns at Russell McVeagh:As well as intimate touching with a student at his ...
Climate sceptic MP Mark Cameron has slammed National for being ‘out of touch’ by sticking to our climate commitments. Photo: Lynn GrievesonMōrena. Long stories shortest:ACT’s renowned climate sceptic MP Mark Cameron has accused National of being 'out of touch' with farmers by sticking with New Zealand’s Paris accord pledges ...
Now I've heard there was a secret chordThat David played, and it pleased the LordBut you don't really care for music, do you?It goes like this, the fourth, the fifthThe minor falls, the major liftsThe baffled king composing HallelujahSongwriter: Leonard CohenI always thought the lyrics of that great song by ...
People are getting carried away with the virtues of small warship crews. We need to remember the great vice of having few people to run a ship: they’ll quickly tire. Yes, the navy is struggling ...
Mōrena. Here’s my selection1 of scoops, breaking news, news, analyses, deep-dives, features, interviews, Op-Eds, editorials and cartoons from around Aotearoa’s political economy on housing, climate and poverty from RNZ, 1News, The Post-$2, The Press−$, Newsroom/$3, NZ Herald/$, Stuff, BusinessDesk/$, Politik-$, NBR-$, Reuters, FT/$, WSJ/$, Bloomberg/$, New York Times/$, The Atlantic-$, ...
US President Donald Trump’s hostile regime has finally forced Europe to wake up. With US officials calling into question the transatlantic alliance, Germany’s incoming chancellor, Friedrich Merz, recently persuaded lawmakers to revise the country’s debt ...
We need to establish clearer political boundaries around national security to avoid politicising ongoing security issues and to better manage secondary effects. The Australian Federal Police (AFP) revealed on 10 March that the Dural caravan ...
The NZCTU Te Kauae Kaimahi have reiterated their call for Government to protect workers by banning engineered stone in a submission on MBIE’s silica dust consultation. “If Brooke van Velden is genuine when she calls for an evidence-based approach to this issue, then she must support a full ban on ...
The Labour Inspectorate could soon be knocking on the door of hundreds of businesses nation-wide, as it launches a major crackdown on those not abiding by the law. NorthTec staff are on edge as Northland’s leading polytechnic proposes to stop 11 programmes across primary industries, forestry, and construction. Union coverage ...
It’s one thing for military personnel to hone skills with first-person view (FPV) drones in racing competitions. It’s quite another for them to transition to the complexities of the battlefield. Drone racing has become a ...
Seymour says there will be no other exemptions granted to schools wanting to opt out of the Compass contract. Photo: Lynn GrievesonLong stories shortest:David Seymour has denied a request from a Christchurch school and any other schools to be exempted from the Compass school lunch programme, saying the contract ...
Russian President Boris Yeltsin, U.S. President Bill Clinton, Ukrainian President Leonid Kuchma, and British Prime Minister John Major signed the Nuclear Nonproliferation Treaty in ...
Edit: The original story said “Palette Cleanser” in both the story, and the headline. I am never, ever going to live this down. Chain me up, throw me into the pit.Hi,With the world burning — literally and figuratively — I felt like Webworm needed a little palate cleanser at the ...
This is a re-post from Yale Climate Connections by Sarah Wesseler(Image credit: Antonio Huerta) Growing up in suburban Ohio, I was used to seeing farmland and woods disappear to make room for new subdivisions, strip malls, and big box stores. I didn’t usually welcome the changes, but I assumed others ...
Myanmar was a key global site for criminal activity well before the 2021 military coup. Today, illicit industry, especially heroin and methamphetamine production, still defines much of the economy. Nowhere, not even the leafiest districts ...
What've I gotta do to make you love me?What've I gotta do to make you care?What do I do when lightning strikes me?And I wake up and find that you're not thereWhat've I gotta do to make you want me?Mmm hmm, what've I gotta do to be heard?What do I ...
Here’s my selection1 of scoops, breaking news, news, analyses, deep-dives, features, interviews, Op-Eds, editorials and cartoons from around Aotearoa’s political economy on housing, climate and poverty from RNZ, 1News, The Post-$2, The Press−$, Newsroom3, NZ Herald, Stuff, BusinessDesk-$, NBR-$, Reuters, FT-$, WSJ-$, Bloomberg-$, New York Times-$, The Atlantic-$, The Economist-$ ...
Whenever Christopher Luxon drops a classically fatuous clanger or whenever the government has a bad poll – i.e. every week – the talk resumes that he is about to be rolled. This is unlikely for several reasons. For starters, there is no successor. Nicola Willis? Chris Bishop? Simeon Brown? Mark ...
Australia, Britain and European countries should loosen budget rules to allow borrowing to fund higher defence spending, a new study by the Kiel Institute suggests. Currently, budget debt rules are forcing governments to finance increases ...
The NZCTU remains strongly committed to banning engineered stone in New Zealand and implementing better occupational health protections for all workers working with silica-containing materials. In this submission to MBIE, the NZCTU outlines that we have an opportunity to learn from Australia’s experience by implementing a full ban of engineered ...
The Prime Minister has announced a big win in trade negotiations with India.It’s huge, he told reporters. We didn't get everything we came for but we were able to agree on free trade in clothing, fabrics, car components, software, IT consulting, spices, tea, rice, and leather goods.He said that for ...
I have been trying to figure out the logic of Trump’s tariff policies and apparent desire for a global trade war. Although he does not appear to comprehend that tariffs are a tax on consumers in the country doing the tariffing, I can (sort of) understand that he may think ...
As Syria and international partners negotiate the country’s future, France has sought to be a convening power. While France has a history of influence in the Middle East, it will have to balance competing Syrian ...
One of the eternal truths about Aotearoa's economy is that we are "capital poor": there's not enough money sloshing around here to fund the expansion of local businesses, or to build the things we want to. Which gets used as an excuse for all sorts of things, like setting up ...
National held its ground until late 2023 Verion, Talbot Mills & Curia Polls (Red = Labour, Blue = National)If we remove outlier results from Curia (National Party November 2023) National started trending down in October 2024.Verion Polls (Red = Labour, Blue = National)Verian alone shows a clearer deterioration in early ...
In a recent presentation, I recommended, quite unoriginally, that governments should have a greater focus on higher-impact, lower-probability climate risks. My reasoning was that current climate model projections have blind spots, meaning we are betting ...
Daddy, are you out there?Daddy, won't you come and play?Daddy, do you not care?Is there nothing that you want to say?Songwriters: Mark Batson / Beyonce Giselle Knowles.This morning, a look at the much-maligned NZ Herald. Despised by many on the left as little more than a mouthpiece for the National ...
Employers, unions and health and safety advocates are calling for engineered stone to be banned, a day before consultation on regulations closes. On Friday the PSA lodged a pay equity claim for library assistants with the Employment Relations Authority, after the stalling of a claim lodged with six councils in ...
Long stories shortest in Aotearoa’s political economy:Christopher Luxon surprises by announcing trade deal talks with India will start next month, and include beef and dairy. Napier is set to join Whakatane, Dunedin and Westport in staging a protest march against health spending restraints hitting their hospital services. Winston Peters ...
At a time of rising geopolitical tensions and deepening global fragmentation, the Ukraine war has proved particularly divisive. From the start, the battle lines were clearly drawn: Russia on one side, Ukraine and the West ...
Here’s my selection1 of scoops, breaking news, news, analyses, deep-dives, features, interviews, Op-Eds, editorials and cartoons from around Aotearoa’s political economy on housing, climate and poverty from RNZ, 1News, The Post-$2, The Press−$, Newsroom3, NZ Herald, Stuff, BusinessDesk-$, Newsroom-$, Politik-$, NBR-$, Reuters, FT-$, WSJ-$, Bloomberg-$, New York Times-$, The Atlantic-$, ...
A listing of 26 news and opinion articles we found interesting and shared on social media during the past week: Sun, March 9, 2025 thru Sat, March 15, 2025. This week's roundup is again published by category and sorted by number of articles included in each. We are still interested ...
Hundreds more Palestinians have died in recent days as Israel’s assault on Gaza continues and humanitarian aid, including food and medicine, is blocked. ...
National is looking to cut hundreds of jobs at New Zealand’s Defence Force, while at the same time it talks up plans to increase focus and spending in Defence. ...
It’s been revealed that the Government is secretly trying to bring back a ‘one-size fits all’ standardised test – a decision that has shocked school principals. ...
The Green Party is calling for the compassionate release of Dean Wickliffe, a 77-year-old kaumātua on hunger strike at the Spring Hill Corrections Facility, after visiting him at the prison. ...
The Green Party is calling on Government MPs to support Chlöe Swarbrick’s Member’s Bill to sanction Israel for its unlawful presence and illegal actions in Palestine, following another day of appalling violence against civilians in Gaza. ...
The Green Party stands in support of volunteer firefighters petitioning the Government to step up and change legislation to provide volunteers the same ACC coverage and benefits as their paid counterparts. ...
At 2.30am local time, Israel launched a treacherous attack on Gaza killing more than 300 defenceless civilians while they slept. Many of them were children. This followed a more than 2 week-long blockade by Israel on the entry of all goods and aid into Gaza. Israel deliberately targeted densely populated ...
Living Strong, Aging Well There is much discussion around the health of our older New Zealanders and how we can age well. In reality, the delivery of health services accounts for only a relatively small percentage of health outcomes as we age. Significantly, dry warm housing, nutrition, exercise, social connection, ...
Shane Jones’ display on Q&A showed how out of touch he and this Government are with our communities and how in sync they are with companies with little concern for people and planet. ...
Labour does not support the private ownership of core infrastructure like schools, hospitals and prisons, which will only see worse outcomes for Kiwis. ...
The Green Party is disappointed the Government voted down Hūhana Lyndon’s member’s Bill, which would have prevented further alienation of Māori land through the Public Works Act. ...
The Labour Party will support Chloe Swarbrick’s member’s bill which would allow sanctions against Israel for its illegal occupation of the Palestinian Territories. ...
The Government’s new procurement rules are a blatant attack on workers and the environment, showing once again that National’s priorities are completely out of touch with everyday Kiwis. ...
With Labour and Te Pāti Māori’s official support, Opposition parties are officially aligned to progress Green Party co-leader Chlöe Swarbrick’s Member’s Bill to sanction Israel for its unlawful presence in Palestine. ...
Te Pāti Māori extends our deepest aroha to the 500 plus Whānau Ora workers who have been advised today that the govt will be dismantling their contracts. For twenty years , Whānau Ora has been helping families, delivering life-changing support through a kaupapa Māori approach. It has built trust where ...
Labour welcomes Simeon Brown’s move to reinstate a board at Health New Zealand, bringing the destructive and secretive tenure of commissioner Lester Levy to an end. ...
This morning’s announcement by the Health Minister regarding a major overhaul of the public health sector levels yet another blow to the country’s essential services. ...
New Zealand First has introduced a Member’s Bill that will ensure employment decisions in the public service are based on merit and not on forced woke ‘Diversity, Equity, and Inclusion’ targets. “This Bill would put an end to the woke left-wing social engineering and diversity targets in the public sector. ...
Police have referred 20 offenders to Destiny Church-affiliated programmes Man Up and Legacy as ‘wellness providers’ in the last year, raising concerns that those seeking help are being recruited into a harmful organisation. ...
Te Pāti Māori welcomes the resignation of Richard Prebble from the Waitangi Tribunal. His appointment in October 2024 was a disgrace- another example of this government undermining Te Tiriti o Waitangi by appointing a former ACT leader who has spent his career attacking Māori rights. “Regardless of the reason for ...
Police Minister Mark Mitchell is avoiding accountability by refusing to answer key questions in the House as his Government faces criticism over their dangerous citizen’s arrest policy, firearm reform, and broken promises to recruit more police. ...
The number of building consents issued under this Government continues to spiral, taking a toll on the infrastructure sector, tradies, and future generations of Kiwi homeowners. ...
The Green Party is calling on the Prime Minister to rule out joining the AUKUS military pact in any capacity following the scenes in the White House over the weekend. ...
The draft bill was intended to stop any move away from the principle of equal suffrage, where each person gets an equal say in electing people, Uffindell said. ...
By Leah Lowonbu, Stefan Armbruster and Harlyne Joku of BenarNews The Pacific’s peak diplomatic bodies have signalled they are ready to engage with Papua New Guinea’s Autonomous Government of Bougainville as mediation begins on the delayed ratification of its successful 2019 independence referendum. PNG and Bougainville’s leaders met in the ...
MONDAYThe party of honoured New Zealanders were shown an old fort. “Awesome,” said Mr Luxon.He wore a gold turban, a white linen jacket, a peacock-illustrated waistcoat sewn with exquisite rubies, a white dhoti crafted from finest polyester with 1 1/2″ gold jari border, and a $625 pair of Christian Kimber ...
Christopher Luxon's trip to India included the restart of trade talks, the tightening of defence ties, and more than a spot of cricket - RNZ's deputy political editor takes us behind the scenes. ...
Leon Pritchard used to be absolutely ripped, back in the day. He exercised his muscles one by one at the gym, so that each formed its ultimate shape and could be easily seen by passing females, even at a glance. He worked hardest on his upper body and put the ...
Six months after Vincent Dix and his son Nikau stumbled across remains of an ocean-voyaging waka while searching for driftwood on their property in Rēkohu/ Chatham Islands, the community is still buzzing over the discoveries.The big question locals want an answer to: where did the waka come, from and who ...
Never heard of Acotar? Unsure what makes fairies sexy? Nervous of romantasy? Bemused by the term Medievalcore? Herewith is all you need to know about the hottest publishing trend of the age.What is fairy smut?Fairy smut is a genre of fantasy romance (romantasy) that includes both fairies and ...
The local star of Prime Video’s fantasy epic takes us through her life in television, including the trauma of 2000s drink driving ads and the Tribe spinoff that time forgot. Local actor Zoë Robins is one of the many, many New Zealanders who have infiltrated huge budget behemoth television shows ...
Court documents suggest Kim Dotcom spent $1,000,000 on Grammy winners, ad campaigns and the best studio in the country. So why was his much-derided album such a disaster? This story was first published in 2015 in Barkers’ 1972 magazine, and is republished here with permission.Read Chris Schulz’s interview with ...
Most people would look at our house and decide painting it was a job for professionals. My mum and dad decided it was a job for their kids.I grew up in a house that was always being renovated. That’s not hyperbole, it was literally always being renovated. Just one ...
Asia Pacific Report A joint operation between the Fiji Police Force, Republic of Fiji Military Force (RFMF), Territorial Force Brigade, Fiji Navy and National Fire Authority was staged this week to “modernise” responses to emergencies. Called “Exercise Genesis”, the joint operation is believed to be the first of its kind ...
Source: The Conversation (Au and NZ) – By Rob Nicholls, Senior Research Associate in Media and Communications, University of Sydney As the United States recalibrates its trade policies to combat what the Trump administration sees as “unfair” treatment by other countries, two significant industries have complained to US regulators about ...
Source: The Conversation (Au and NZ) – By Alan Renwick, Professor of Agricultural Economics, Lincoln University, New Zealand Since the return to power of US President Donald Trump, tariffs have barely left the front pages. While the on-off-on tariff sagas have dominated the headlines, a paper released this week ...
Source: The Conversation (Au and NZ) – By Richard Baka, Honorary Professor, School of Kinesiology, Western University, London, Canada; Adjunct Fellow, Olympic Scholar and Co-Director of the Olympic and Paralympic Research Centre, Institute for Health and Sport, Victoria University In a surprisingly emphatic result, 41-year-old Kirsty Coventry, Zimbabwe’s Sport Minister, ...
More than 12,000 cubic metres of treated wastewater a day could be discharged directly into the Shotover River in the country’s premiere tourist resort, according to a whistle-blowing councillor. That’s almost enough liquid to fill five Olympic-sized swimming pools.The plan, prompted by Queenstown’s failing sewage treatment plant, would use emergency ...
Winston Peters has repeatedly failed to express any concern for the Palestinians killed by Israel since Israel ended the ceasefire and condemn Israel for this industrial-scale carnage, which the International Court of Justice found more than a year ago to be ...
Source: The Conversation (Au and NZ) – By Gary Mortimer, Professor of Marketing and Consumer Behaviour, Queensland University of Technology Daria Nipot/Shutterstock Australia’s supermarket sector has endured a long, uncomfortable moment in the spotlight. There have been six comprehensive inquiries into its conduct, pricing practices, and specifically claims of ...
Source: The Conversation (Au and NZ) – By Gail Wilson, Adjunct Associate Professor, Office of the PVC (Academic Innovation), Southern Cross University Roman Samborskyi/Shutterstock In 2023, an academic journal, the Annals of Operations Research, retracted an entire special isssue because the peer review process for it was compromised. The ...
Source: The Conversation (Au and NZ) – By Lauren Breen, Professor of Psychology, Curtin University Photo by Daria Kruchkova/Pexels Grief can hit us in powerful and unanticipated ways. You might expect to grieve a person, a pet or even a former version of yourself – but many people are ...
Source: The Conversation (Au and NZ) – By Stefan B. Williams, Professor of Marine Robotics, Australian Centre for Robotics, University of Sydney Armada 7805, similar to the 7806 vessel that will support the new MH370 search.Ocean Infinity More than 11 years after the disappearance of Malaysia Airlines flight MH370, ...
The only published and available best-selling indie book chart in New Zealand is the top 10 sales list recorded every week at Unity Books’ stores in High St, Auckland, and Willis St, Wellington.AUCKLAND1 Sunrise on the Reaping by Suzanne Collins (Scholastic, $30) A Hunger Games prequel starring young Haymitch, ...
Two poems from the new collection Clay Eaters by Gregory Kan, launched this week at Unity Books Wellington.(Editors note: The poems are untitled but can be found on pages 3 and 19 of Clay Eaters, published by Auckland University Press.)From Clay Eaters Satellite view of the ...
Source: The Conversation (Au and NZ) – By Sam Egger, Senior Biostatistician at the Daffodil Centre, Cancer Council NSW, University of Sydney Getty Images E-cigarette companies, including giants such as British American Tobacco, have actively lobbied governments in New Zealand and Australia to weaken existing vape regulations while preventing ...
Source: The Conversation (Au and NZ) – By David Coleman, Post-doctoral Researcher in Plant Ecology, Macquarie University Jakub Maculewicz/Shutterstock More than 8,000 continental islands sit just off the coast of Australia, many of them uninhabited and unspoiled. For thousands of species, these patches of habitat offer refuge from the ...
By Alex Willemyns for Radio Free Asia The Trump administration might let hundreds of millions of dollars in aid pledged to Pacific island nations during former President Joe Biden’s time in office stand, says New Zealand Foreign Minister Winston Peters. The Biden administration pledged about $1 billion in aid to the Pacific ...
Delhi Diary Day 1Christopher Luxon walks down the stairs of the Airforce Boeing 757 at Palam Airbase towards the tarmac and greets the waiting Professor Singh Baghel, minister of state of fisheries, animal husbandry and dairying. Luxon squints against the heat. Baghel keeps his aviators on; he’s done this before. The ...
Netflix’s new British crime drama asks the hard questions about growing up in a digital world. This is an excerpt from our weekly pop culture newsletter Rec Room. Sign up here.Even before a single episode of Adolescence went up on Netflix, the five star reviews started rolling in. The ...
Source: The Conversation (Au and NZ) – By Anna Sergi, Professor in Criminology, University of Essex In June 1988, the Reagan administration launched the most important United States labour case of the past half century. The government alleged the Italian-American mafia – La Cosa Nostra – had effectively taken ...
The Pacific profiles series shines a light on Pacific people in Aotearoa doing interesting and important work in their communities, as nominated by members of the public. Today, Danielle Puiri-Tuia who founded a South Auckland-based running and walking club.All photos by Geoffery Matautia.Runners High 09 is a free ...
Source: The Conversation (Au and NZ) – By Nathan Kilah, Senior Lecturer in Chemistry, University of Tasmania Karynf/Shutterstock There is something special about sharing baked goods with family, friends and colleagues. But I’ll never forget the disappointment of serving my colleagues rhubarb muffins that had failed to rise. They ...
Source: The Conversation (Au and NZ) – By Rebecca Kaiser, PhD Candidate, School of Social Sciences, University of Tasmania The South African National Antarctic Expedition research base, SANAE IV, at Vesleskarvet, Queen Maud Land, Antarctica. Dr Ross Hofmeyr/Wikimedia, CC BY-SA Earlier this week, reports emerged that a scientist at ...
Source: The Conversation (Au and NZ) – By Intifar Chowdhury, Lecturer in Government, Flinders University Every generation thinks they had it tough, but evidence suggests young Australians today might have a case for saying they’ve drawn the short straw. Compared with young adults two or three decades ago, today’s 18–35-year-olds ...
Source: The Conversation (Au and NZ) – By Joshua Black, Visitor, School of History, Australian National University Fifty years ago, Liberal MPs chose Malcolm Fraser as their leader. Eight months later, he led them into power in extraordinary – some might say reprehensible – circumstances. He governed for seven and ...
Source: The Conversation (Au and NZ) – By Andy G Howe, Research Fellow (Entomology), University of the Sunshine Coast Andy Howe, CC BY Playgrounds can host a variety of natural wonders – and, of course, kids! Now some students are not just learning about insects and spiders at school ...
Dunedin reactions to proposed CGT:
CGT + interest rate rise = rent rise (++)
Dunedin has a unique mix of investment properties with a high proportion of student rentals. If rents get a double whammy from rising interest rates and CGT how much will it impact on Dunedin as an attractive proposition for education?
Students won’t buy properties in Dunedin if landlords decide it’s not worth investing here under CGT.
What does the presumed new Labour MP for Dunedin North think?
Good plug for Labour. No consideration for Dunedin North.
Come on David, are you standing for a party or an electorate?
Is National paying you to recycle these discredited FUD arguments all over the internet? This is what I gleaned:
– The wealthy Property Investors Assn wants to keep their tax free speculation profits
– Some people think they have the right to evade their tax obligations
– The suckers buying houses to live in ought to be shafted by a bubble economy and be grateful
– The bank will be stoked to have another Kiwi paying mortgage interest to its Aussie shareholders
– Landlords will be “forced” to put up rent (stop the press! landlord tries to increas rent!)
– It’s all so frightening I MUST USE CAPITAL LETTERS TO EMPHASISE that I might be taxed for money I gained WITHOUT DOING ANYTHING PRODUCTIVE
Breaking News – the President of the Otago Property Investors Assn doesn’t like a CGT!
A CGT closes a great big gaping hole in our tax regime that has enabled people to convert taxable income to non-taxable capital gain and therefore avoid paying tax. This is unfair and is a burden on all other taxpayers.
My previous boss had an annual income of $250,000 p.a. and boasted he never paid more than $10,000 p.a. in tax as he offset his income against his highly geared rental property portfolio.
Sure will – no more using property speculation to avoid income tax.
Need to do a bit more secret squirreling if a couple of quotes from vested interests is the best you can come up with.
A CGT closes a great big gaping hole in our tax regime
But will a CGT with a myriad of little holes do it?
I’ve looked for local comment because a change in emphasis on investment taxation could have a big impact on Dunedin. I’ll happily post different views on it, CGT deserves a good debate.
I don’t like Key dismissing it completely. That’s bad politics.
I’d prefer to see a CGT designed with expert input and wide electorate now, not tweaking or window dressing the final product, and not designed around potential voter groups in a party backroom.
A fundamental change to our tax system like this deserves far more than being an election year bribe and scare football. Doesn’t it?
So you’ve agreed that there is a great big gaping hole in the tax regime that needs to be fixed. Not doing anything about it is a bit like not building a dam because you’re worried there might be a few leaks.
Go on then do it.
It’s called policy actually and all being well it’s what elections should be won or lost on. Or would you prefer us to elect MPs on their looks or ability to “smile and wave”.
No dam is better than a dam with holes that you have no idea in advance how open they will get.
Policies are important for elections but it’s also important to have faith in those behind the policies, that they will consult and listen and respond, and not just emerge from a party back room with what they think is a vote winner and try to shut off valid criticism and debate.
A debate on something as big and important as a a major tax restructuring should last for more than a couple of weeks, shouldn’t it?
Trying to frame it now as “choose this or something else” is trying to shut down debate when it should only be starting,
“…it’s also important to have faith in those behind the policies, that they will consult and listen and respond…”
Riiiight. Like National do. Or like you do, here. Goodo.
“…and not just emerge from a party back room with what they think is a vote winner…”
It’s becoming apparent that your real problem with a CGT is that you think it’s a vote-winner too.
“Trying to frame it now as “choose this or something else” is trying to shut down debate when it should only be starting”
Actually this has been debated for decades. You’ve only just started to take notice now that you have to for political reasons, and if you’re too late to be involved that’s nobody’s fault but yours.
Said the little red hen.
Actually this has been debated for decades. You’ve only just started to take notice now that you have to for political reasons
I thought that was referring to the Labour Party, because according to Goff they only started to take notice this year when they decided they need to compete with asset sales policies.
Yeah, compete with asset sales.
You’re such a card.
Goff is the card. This is what he was reported as saying:
Your house of cards is a bit flimsy.
Trying to rely on a one liner to explain why Labour came up with a CGT communicates an ignorance of how policy priorities are chosen and the detailed process needed to forge policy which is strong and workable.
The CGT does a lot more than compete with National’s asset sales agenda, it demonstrates a willingness on Labour’s behalf to rebalance the entire economy and broaden the tax base, a process which Labour has explicitly said will take years.
English and Key on the other hand have a one hit asset sell off. Not much competition really.
And don’t you just cringe when Key and Co, keep on with the “kiwi mums and dads” line. I am a Kiwi Dad I and I don’t have any money saved, So Blinglish is deluding himself if he thinks that we can afford to go out and buy shares willy nilly just so he and his mates can have Tax cuts.
“I’ll happily post different views on it, CGT deserves a good debate”
Then why are all the views you post agin it?
As soon as you actually post some views favouring a CGT, you’ll be taken at your word that you’re all about the debate.
Based on the evidence to hand, however, no such conclusion can rationally be drawn.
Once again, your actions do not square with your words.
If you weren’t fixated on try to score wee points you would have noticed. Here’s a recent one:
http://thestandard.org.nz/reaction-to-labour-tax-package/#comment-352742
It’s your actions that don’t square with your words.
Right, the comment about how Morgan thinks Labour’s proposal is a poor one.
Yep you’re fair and balanced as a Fox.
If you bothered to see what he said, you’d know that he praised Labour for bringing CGT up, he criticised them for proposing a holey version, and he criticised National for turning their backs on it.
I’m not going to say “I love Labour’s proposal, there’s nothing at all wrong with it”. That’s not balance, that’s stupidity, which you seem to have woken up with today.
For the purposes of this particular discussion, which is about your motivations, I’m more interested in what you said, Pete.
Oh that’s right, you don’t say anything.
It seems to me that any would-be landlord who can’t make a normal profit should stay out of the market. The trouble is that 15% is not high enough to keep out punters who can’t make it work. I think I would set the rate to 90% with an abatement of 5 percentage points per year to 15% after 15 years. Hopefully this would keep out speculators, and renovators who want to pass off the fruits of their renovations as capital gains.
The real problem in the rental market is not the lack of a CGT but high property values, and perhaps high interest rates, which makes it difficult for landlords to make a normal profit.
[It seems to me that any would-be landlord who can’t make a normal profit should stay out of the market. The trouble is that 15% is not high enough to keep out punters who can’t make it work. I think I would set the rate to 90% with an abatement of 5 percentage points per year to 15% after 15 years. Hopefully this would keep out speculators, and renovators who want to pass off the fruits of their renovations as capital gains.]
It has actually been pointed out to me on another thread that a high rate is not actually needed for CGT to act as a deterrent, and it is clear to me that the pointer outer is correct. So I’m forced to retract all the stuff about a 90% tax rate. lol.
Secret Squirrel, or should I say Pete George..you forget that landlords have been hiking up rents and pricing a lot of people out of rental accommodation (not to mention becoming more choosy about who they rent to) for the past decade or so.
And I shall wager that with the changes to state housing being brought in, and thousands of vulnerable families being kicked off the HNZ waiting lists into the private sector, landlords will be taking that oppurtunity to put up rents even further (of course, the slum-lords union is mysteriously silent about that little issue) than they already are and than they could with a capital gains tax.
Of course, I think that the CGT should be spent on 1) expanding state housing back to pre-1991 levels, 2) higher accomodation supplements, and 3) low interest home loans for people.
In the mail this week: a letter from Anne Tolley stating that
* National plans to cut playcentre funding by 60%
* The govt prefers to fund places with qualified staff
* Submissions close at the end of August
WTF is happening with this nasty attack on community run organisations? Are mothers now required to do a (very expensive) ECE course just to have somewhere to take their kids to play with other children? Does Tolley realise that not everyone can afford fancy preschool daycare or kindergartens?
Can’t find this anywhere on parliament.nz to make a submission.
Oh yeah they are also pulling Dental Nurses out of primary schools?!
ropata I guess that Ann Tolley belongs to that school where children are valued for the clever things they can do to impress friends and rellies. That is why it is important to concentrate on the Education in Early Childhood Education. Kids should be forced forward, trained like show ponies, that’s more important than socialisation, confidence, physical skills and the use of ideas, imagination with craftwork all to be enjoyed rather than completed and measured to some standard.
In some Asian countries, I think I have heard recently about South Korea, the children suffer so much if they can’t achieve to their parents expectations that they commit suicide. I think that has been recorded here amongst some PI people. Parents who have not had much schooling themselves, and don’t understand what is involved can pressure their children beyond endurance. I don’t know if this happens particularly with girls, but often they have onerous household and child minding duties as well as trying to do homework and have high test results. I was reading about a NZ pupil on exchange in France, their school went from 8am to as late as 6pm.
Slightly off topic, but I think all ECE should be playcentres and kindergartens.
Not really keen on the tendency for profit run baby farms.
Even the Stuff National poll
http://www.stuff.co.nz/national/
is coming up with
Partial Asset Sales 46.9%,
Capital gains tax and higher top income tax 53.%
Given the expected bias from an internet poll that has to indicate at least a 10% margin in favour of Labours programme of looking after the many rather than the few.
Trade me poll
CGT no family home 63%
Sell shares in SOE 22%
Reduce Spending 11%
15% CGT across Board 4%
Time for Some Dance Lessons
A while ago, I decided to get some dance lessons. Don’t get me wrong; I can dance already, being a veritable master at the Twist and Funky Chicken. However it’s tap dancing that has always interested me… so I finally paid for some lessons, which are going superbly! There’s still a few months to practice before the big night, and a few spaces left in the tap dance class, so feel free to get your dancing shoes on as well.
Good on you. I’m not interested in tap dancing, but I think it’s good to get out and try new things, get involved and have a go.
Overcome the TV zombies.
You might want to read the entire article before you comment further SS.
Now that’s a big ask Jackal!
I know! 280 words is such a chore. Better to just comment on the lead in, it’s only 80.
Post Labour’s CGT launch assessment:
Phil Goff – Gravitas for Prime Minister
John Key – Gravy train of tax cuts & asset sales for self and mates
Unfortunately polls suggest most people don’t see him that way.
In most of his interviews (and yes, again launching Labour’s CGT) he looks uncomfortable with his message. He looks like he’s saying what he thinks he has to say, and not what he feels and believes.
He’s been in politics long enough to be familiar with dealing with media interviews, so can’t be inexperience.
Goff looks like the party that is dragging him in directions he’s not comfortable with. He doesn’t look like he believes in what he’s saying.
That’s Phil Goff’s biggest problem.
If he could run Labour his way and believe in what he’s doing he would do better, but there doesn’t seem to be much chance of that happening.
Pretty large assumptions to make there SS. It’s apparent that Phil Goff is running Labour properly, hence the unbalanced opinion shown on the Nation program today. The right wing program even said the CGT would apply to Christchurch houses, when they will initially be exempt. It’s one thing to tell only one side of the story, but to blatantly lie about a political parties policies is not acceptable.
It is Labour’s policies that people will vote for. There is already overwhelming support for the well constructed CGT from a wide range of the community. Such a tax will make many speculators vote National, and many more poor people vote Labour. There are more poor people than wealthy, National has made sure of that.
The other side of the coin is that people will now vote against National, because they have failed to deliver any of their promises. You can harp on about Goff’s mannerisms all you like SS, they beat John Key’s lies and failure hands down.
It’s apparent that Phil Goff is running Labour properly, hence the unbalanced opinion shown on the Nation program today.
Interesting comment jackal.
I noted on Thursday evening’s TV1 and TV3 news programmes (immediately after Labour’s announcement) that TV3’s coverage was much fairer and more balanced than TV1. In fact TV1’s coverage was blatantly partisan against Labour and the CGT tax. It suggests to me that the problem is not the respective TV stations as such, but rather the personnel who run the individual news and current affairs programmes.
Yeah but don’t forget that SS or Pete or what ever nom de plume he’s using at the moment, has had to stoop to name calling, because every other argument he tries to start is met with solid FACTS. See SS or Pete, FACTS not guesswork, or as in the case of Blinglish and KY Prayer. As in don’t have one!
This morning Kim on radionz was interviewing author –
Gerald Seymour: thrills and terror
British writer Gerald Seymour worked for many years as an international news reporter. His first thriller, ‘Harry’s Game’, was published in 1975; he has since written a further 25 bestsellers. His new book is ‘A Deniable Death’. (44′11″)
Interesting chap. He talked about the Balkans and the plight of the Muslims in the area affected by the Serbs’ rush of blood to the head and feet, and how hard it would be to improve the survivors’ life to normality, perhaps never in their lifetime. He wrote Harry’s Game about Northern Ireland and how violence is breaking out there again. (It was probably depression from seeing the infighting of Greek partisans once the Germans were dealt with that led to John Mulgan taking his life.) Old enmities, old traditions allowed to fester need cleaning out with a new mindset, a different approach to contested traditions.
Then Joky Hen says he isn’t interested in making any changes to the loyalty oath in our parliament because it is long-standing. Making small changes that allow for better relationships and meet ideas of fairness are necessary by wise, intelligent leaders of society. Which Joky Hen isn’t.
Post Labour’s CGT launch assessment:
Phil Goff – PM Gravitas
John Key – Cheekey Ass
Phil Goff – PM Gravitas
John Key – Smart Ass
Intermittent signal July 2011/4 (last11/7)
People in NZ doing things with ideas for a good future here.
Radio NZ today – Country Life
Making a Lifestyle Block Make Money
The Madsens own a beautiful home in a cluster of lifestyle blocks in North Auckland. They have a few pigs and a sheep on their one hectare of land. So far, so ordinary. But the couple have built a unique way of life by turning the idea of the unproductive lifestyle block on its head. They run a herd of 150 cattle, over a number of blocks. (duration: 11′23″)
Download: Ogg Vorbis MP3
and
A New Home for Koanga Institute and Gardens
For the past 25 years Kay Baxter and her husband Bob Corker have been saving New Zealand’s heritage fruit trees and vegetables at Koanga Gardens in Kaiwaka. But five years ago they decided they needed a new place to live so have found a new home near Wairoa where they’re developing a Community Land Trust which they hope will support up to 30 families. (duration: 22′03″)
Download: Ogg Vorbis MP3
and
Wool Based Disposable Nappies
Potroz-Smith Technologies is developing a super absorbent wool-based material called NatraZorb, to be used in disposable nappies, amongst other things. Derelee Potroz-Smith says the idea started on her family’s Taranaki farm with romney sheep. (duration: 6′11″)
Download: Ogg Vorbis MP3
Hi sysop. I cannot get an email to you from Contact . I think I have done everything right, studied and copied the convoluted cypher but no Send.
Worse Off Under National
Wasn’t Citizen A amusing last night. Cameron Slater squirming when put on the rack concerning his infamous gut shot comments re Arie Smith-Voorkamp was priceless. But then the ignoramus AKA Whaleoil made a most interesting revelation, which seems strange in context to his normal campaign of disinformation…
Meanwhile, in the USA
Personally I think that there will be a deal to raise the debt ceiling, and that a crisis will be averted. However it will involve slashing what is left of the USA’s social safety net and public sector. And quite a few more people will consigned into hardship, or worse. But really, what’s a few more in the scheme of things.
40 years ago, only Nixon could go to China. Now in 2011, only Obama could cut Social Security (and Medicare)
Republicans and Democrats are two sides of the same coin.
One possible outcome is that they increase the Federal Debt Limit but with no changes to entitlements or tax increases i.e. they just kick the can a bit further down the road. What do you reckon the chances are?
Nope cant see that happening. After all, folding to his opponents is what Obama does best.
Iwi aristocrats want to keep using foriegn vessels
Unemployment is skyrocketing among Maori youth, yet tribal leaders would rather employ fishing boat crews from overseas instead of purchasing their own boats and training up their young people to crew them.
Im guessing they would rather use the profits to dish out scholarships to family members and buy BMW’s.
If Hone wants any modicum of respect, then he should be highlighting this issue, instead of throwing his toys when he doesn’t get is own way when he is sworn in.
Would be interesting to identify which iwi in particular…
So the thin blue line (aka ‘the filth’) have performed another summary execution when they gunned down an admittedly troublesome person at the Headlands Hotel according to media reports….
“I am able to confirm that the man was challenged, a dog deployed, there was a struggle and Police discharged a firearm.”
The man died at the scene.
The police shot was the only shot fired, he said.
The man’s gun had not yet been found.
A knife was found near his body, Mr Handcock said.”
What are tasers and pepper for? Oh thats right, they are to ensure compliance not end this sort of situation in a non lethal way. The fact is whenever the pigs draw a firearm prepare to die as they are trained to aim at the torso only, ie shoot to kill. Fer crissakes they had 30 plus special coppers hanging around and it just looks like a grotesque training exercise given the forces involved.
I hope they got it right.
We are not in Afghanistan.
http://www.stuff.co.nz/national/crime/5295727/Police-shoot-gunman-Anthony-Ratahi-dead
Really?
The stand-off began last night, when Ratahi stormed into the hotel’s restaurant and pulled out a rifle.
“He was yelling at us to get out and I just yelled at the girls to move, move, move and we all ran for the front door,” said witness Kathy Muggeridge.
“As soon as the guy saw police approaching he pulled out a gun and that was when he pointed it … and told us to go.”
Witnesses said they saw the gunman beating up a waitress and dragging her across the floor.
Inspector Pat Handcock told media the man was shot once and died at the scene. He was armed with what was thought to be a handgun.
Ratahi has previously been charged with assaulting a woman using a knife and injuring with intent to cause grievous bodily harm.
Early this morning, the man could be heard yelling at police.
”You come over here, sonny boy – I’ll shoot you first,” he said.
Yeah thats right when someones got a firearm its reasonable to use a taser and pepper spray on them
I know this might be a foriegn concept but maybe in future:
Don’t kidnap people
Don’t beat up women (actually don’t beat up anybody)
Don’t threaten people with a firearm
Don’t threaten the police with a firearm
Give yourself up when challenged by the police
It is really difficult to follow the logic of John Key & the Nats in relation to a CGT. Is the guy actually thinking lucidly or groping around for some solid arguments against the tax.
I heard him on the radio today stating how ‘NZ needs more tax payers, not a new tax’. Has it escaped his attention that a CGT is about broadening the tax base and bringing into the tax system parts of the economy which are not taxed at present. Ipso facto, more tax payers.
On the news tonight Bill English states that people not paying tax on income earned is ok whereas the likes of Selwyn pellett and Gareth Morgan are both saying they should be paying tax on hitherto untaxed profits.
The Nats have really struggling to be coherent at the moment.
They are shotgunning lines to the public to see what hits the target.
Basically, they are picking random words out of a dictionary to see if something works.
Should be pretty obvious to all now that they have now plan, no clue, for most New Zealanders.
That sounds right.
At the rate they are going, they can be their own target.
Along the lines of my comments further above and more succinctly:
Phil Goff: Gravitas
John Key (donkey): Ass
How do you tell when legislation is a good idea?
Conservatives oppose it on the flimsiest of grounds
http://www.stuff.co.nz/national/politics/5294798/Labour-site-victim-of-high-speed-morons
Seriously Labour stop using the internet untill you find someone who knows what they’re doing