The Green Party Policy Manifesto (fully costed and seriously progressive)

Written By: - Date published: 12:43 pm, September 20th, 2017 - 48 comments
Categories: Economy, election 2017, Environment, farming, greens, poverty, sustainability, water - Tags: , , ,

Have to say that normally my eyes would glaze over at the term ‘fiscal plan’. But listening to Shaw’s speech on this, I was drawn into a compelling story of why the Greens should have a large influence in the economic management of NZ by the next government (video at bottom of post).

The Greens released their fully costed fiscal plan this week. It’s based on long-term, intergenerational thinking, and brings together all the policy proposals and plans the Greens are offering.

…how to make the promise of a 100% pure New Zealand an actual reality

– James Shaw

The goals of the plan are:

  1. To make New Zealand a world leader in the global fight against climate change.
  2. To restore and replenish our forests, our birds and our rivers.
  3. To end poverty and create an inclusive Aotearoa.

It’s much easier to market a new road than it is to market a zero carbon economy. But we do it anyway, because that’s who we are, and it’s what has to be done.

The policy launch event was aimed at social entrepreneurs, NGOs, scientists, innovators, leading edge start ups, and businesses who are doing the mahi of job creation. Creative thinkers and people who look beyond the normal 3 year political cycle.

Shaw tells a couple of anecdotes that demonstrate the dynamic of how Business as Usual thinking keeps us stuck in the same patterns even when we try to solve problems. So even though Labour and National both now have goals of reducing child poverty by x amount (thanks Greens!), they’re both still using BAU thinking when we need to go beyond that and adapt our thinking around the fast changing world.

I’m not an economics person, but the speech is very interesting. Shaw presents a history of unemployment and welfare from the post-war era until now. Initially the unemployment rate was less than 1% and by the Ruth Richardson era it was 10%, one in ten workers. More recently the average has been 5%, one in twenty workers, this is the new normal. It used to be one in one hundred.

Shaw asserts that the big difference is that back in the day government created jobs – forestry, rail, public works. There was a very generous welfare state post-war. The average benefit was just under 40% of the average wage whereas now it’s around 20%. So there was a very strong safety net but there were also jobs so not many people needed welfare. This meant that welfare was cheap for the country to run.

At that time we had a generous welfare state coupled with plenty of jobs. Shaw then looks at what happens when you take the jobs away (e.g. 1980s Rogernomics). Welfare increases exponentially and becomes unaffordable, so drumroll Ruthanasia 90s policy making it impossible to survive on a benefit with the supposed intention of forcing people to work. But it didn’t work. Welfare costs only went down when more jobs became available in the late 90s/early 2000s. Again, this is setting 5% as the new normal when historically that rate is abnormal.

Then he moves into the consequences of the 80s/90s policies – child poverty.

Nothing particularly new there (although the figures on post-war welfare were new to me). It’s not rocket science, but it’s great to see the Greens laying this out in business/economic contexts. Welfare, fixing poverty, aren’t just touchy feely nice to haves, they’re integral to functioning economies.

He’s making the economic case here, but he is also reminding the audience that this is about human suffering: overcrowding, homelessness, preventable deaths from third world diseases, unnecessary hospitalisations, the long term impacts of children under 3 being raised in poverty.

On the criticism that the Greens should stick to their environmental knitting and not talk about poverty, Shaw makes 2 points.

The first is that if the Greens don’t talk about this, no-one will. Because the Greens talk about it, others have to as well. Beyond the talking about it, the Greens are proposing the most fundamental reform of tax and welfare in a generation:

  • increase all core benefits
  • fixing Working for Families
  • lowering income tax at the bottom end and raising it at the top
  • raising minimum wage

This plan could life every child in NZ out of poverty.

Alongside that is the plan to transform WINZ e.g. raising the abatement rate level. In case it’s not clear yet, what the Greens are proposing is a de facto guaranteed minimum income. Welfare can be modernised to be something proactive and useful for individuals and the state.

The second reason for the Greens to focus on poverty and welfare is because everything is linked. Shaw demonstrates the connections between poverty, housing and the environment (starts at 17mins 30). He uses John Key’s house as an example. Key’s Auckland property made $1.8million every year for the 15 years he owned it. That is tax-free income. Compared to the median income in NZ via wages/salary of $48,000 per year, on which everyone pays tax. So Key’s house earned 40 x the average income and paid no tax.

The point being that if you have a few million dollars to invest, are you going to start a business, create jobs that help lower the unemployment rate below 5% and pay company tax? Or are you going to make lots of tax free income from property?

Shaw points to the wealth in the property market being 3 x that of capitalisation in the share market. He ties the tax loophole to why our productivity is low, our salaries are low, and our housing costs are astronomical.

This is the other driver of poverty and all the problems that flow from that:

There is a direct link between the people who live in these houses and the kids who are dying of rheumatic fever in damp, overcrowded houses  or how are living in cars. And the reason is, that tax loophole.

Hence a CGT on everything except the family home as one part of addressing the housing crisis. Yes lefties, the Greens actually want to tax rich people and give it to the poor.

So here’s another part of the broken economy and how it affects NZ.

In the last thirty years, we’ve transitioned to an intensive dairy-based economy which is killing our rivers and waterways and threatening our native species, and we don’t have any kind of regulation or tax or enforcement to mitigate or offset or prevent all of that catastrophic environmental damage because . . . We just don’t.

Making the connections. The plan is to introduce pollution levies, so that businesses that pollute either pay the cost or preferably change how they run their business. The difference here is that the Green policy attacks the problem at the source, not the symptom (via the nitrate levy). The revenue generated then goes back into farming via Funds that support practical changes on farms and big picture shifts in how we farm. Think sustainability here (and for the permaculture/sustainability design geeks, Shaw basically says the problem is the solution!).

Which leads us neatly to the plan to shift NZ to a post-carbon economy. A big part of this is proposal to plant 1.2 billion trees on marginal land in NZ. This both mitigates farm pollution, helps rivers, prevents erosion, sequesters carbon, and creates jobs. This is mostly going to happen in the regions, so this is regional development too. The plan is paid for via a carbon tax, that also pays a yearly dividend back to NZers. i.e. NZers also directly benefit from solving climate change and protecting the environment.

So that’s why we talk about poverty and tax and the economy alongside climate change and the environment. The problems and the solutions are bound up with each other.

More on the Climate Protection Plan here.

This isn’t policy development via focus groups. This is the Greens again stepping up and talking about what needs to be done and finding ways to make it acceptable to the mainstream.

Because the only way you get these issues out in front of the public and make progress on them is by talking about things that are difficult and that don’t test well in focus groups.

Finally, there is the fiscal geekery stuff. Explanations, charts and documentation, and even a picture of Winston Peters holding up a sign. You can read the details in the speech transcript and in the policy announcement. I hope lefties take the time to look at this and critique it, I’d like to learn more about how what the Greens are proposing might fit into the mainstream understandings of the economy and where it sits in the progressive and social democratic scheme of things.

Love NZ: Fiscal Plan launch video: (if you can’t see the embed, click through to the Facebook version)

From the Green Party website:

The press release.

The overview of the plan:

____________________________________________________________________________

Love New Zealand: Fiscal Plan

We have provided a fully costed plan to deliver on our bold goals that we have committed to for New Zealand’s future.

Voters have every right to be sceptical about the hope and inspiration their political leaders sell them at election time.

The goals of our plan are:

  1. To make New Zealand a world leader in the global fight against climate change.
  2. To restore and replenish our forests, our birds and our rivers.
  3. To end poverty and create an inclusive Aotearoa.

Goals for a Green government

The Green Party in government will:

  1. Deliver on our election priorities — cleaning up our rivers, ending child poverty, and tackling climate change — while running sustainable operating surpluses over the economic cycle;
  2. Reduce debt to responsible levels, taking core Crown debt to below 20 percent of GDP by 2021;
  3. Raise a new tax on capital gains, excluding the family home.
  4. Use the current fiscal headroom to restore health and education funding and run a $600 million annual operating allowance;
  5. Restart payments to the New Zealand Superannuation Fund immediately.

The promise of a cleaner economy, a healthy environment, and a fairer society is 100 percent possible.  Here is our plan to achieve that:

________________________________________________________________________

48 comments on “The Green Party Policy Manifesto (fully costed and seriously progressive) ”

  1. James’ll choke on this!
    Our resident James, that is, 3-nil James, not James Shaw. James Shaw will be grinning.

    • james 1.1

      Yep – 2008, 2011, 2014, My record of picking the winning result is going bloody well so far.

      Not choking on this – Even if the greens do make the 5% (and that’s an if) – they will be losing a ton of MP;s and their influence will be somewhat watered down.

  2. tracey 2

    Thanks for this well written and indepth piece weka.

    • miravox 2.1

      +1 yes, nicely done weka

      I’m sold. The worst thing about the plan is “….to deliver on our bold goals that we have committed to for New Zealand’s future.” The plan is not even that bold, it’s more along the lines of sensible so shows how far NZ has gone in accepting discounts on the future for short-term financial gain that leaves out whole sectors of society. This needs to be turned around. 2020 is not 3 years to late. it’s another 3 years too late.

      Party voted Green.

  3. Macro 3

    And this is why I am an active member of the Green Party, and give two ticks Green. (Well I nominated our candidate so can hardly not vote for him! – anyway he has done an excellent job on the campaign and would be a good MP as would all Green candidates).
    James has continued to impress throughout the campaign – this exposition of the green economy is so fundamental to what we have been on about for years. Many were cautious of James initially because of his corporate world background thinking he would lead off down a “conventional” economic pathway. But I think that while this is not a complete economic revolution, it is a path that can only result in a far more equitable society. This wisdom is not new and James shows that in NZ’s hey day of the 1950’s when despite the depravations of a hugely costly war (and those who lived in those times will remember what those were) no one – no one lived in poverty as we have today.
    By the way – this connection between poverty and environmental degradation isn’t new:
    Hosea 4: 2-4

    There is only cursing, lying, murder, stealing, and adultery.
    They resort to violence and bloodshed.
    3 Therefore the land will mourn,
    and all its inhabitants will perish.
    The wild animals, the birds of the sky,
    and even the fish in the sea will perish.

    My bold wrt the lies and stealing from the public purse by you know who.

  4. Michael 4

    This is the best contribution to political debate in NZ I’ve read for a long time – certainly better than anything I’ve seen from “Labour” in recent years. And yes, I gave the Greens my Party Vote (the first time I’ve ever voted for a Party other than Labour since 1990, and Party Voted since the inception of MMP). As someone posted, above, the Greens won’t be in a position to implement any of this; while I think they will poll higher than 5 percent of the Party Vote, their caucus in the next Parliament will be smaller than it was in the last. Consequently, “Labour” will treat the Greens, and their policies, with all the respect and consideration that it has displayed toward them to date. That is a terrible pity for our country and its people. Business as usual after 23 September.

  5. srylands 5

    I will give them credit for clear policies, fully costed.

    Unfortunately many of them are awful. And nobody affected is going to tolerate a tax rate of 40%. An income of $NZ 150,000 is modest these days. Young people will leave. Older people will go fishing. Why on earth would anyone slog their guts out to give that much of their marginal income to the Government? it will simply chill effort by the people we rely on to meet most of the tax bill.

    On the health ad education funding, whether it is value for money depends entirely on what it is going to be spent on. If the money is for kids in South Auckland then fine, but if it is being gobbled up by Kelburn mums getting child care subsidies, then not so much.

    Sp much of their policies are crap, but kudos to them for acccurately measuring the crap. Which, as you point out, is much more than Labour has managed.

  6. mikesh 6

    I´m always suspicious of politicians who say they will run operating surpluses, not because they can´t do it, but because it´s generally better to run deficits paid for with Reserve Bank interest free credit. Providing a government can do this without causing inflation this seems a much better monetary plan.

    Incidently, if John Key made $1.8 million a year from his property, why did no-one think of dobbing him in to the IRD.

    • weka 6.1

      what tax laws were broken?

    • Nic the NZer 6.2

      Unfortunately at least advertising your intention to run surpluses appears the be the thing of the day politically at present. We will probably need to put up with it for a while until they can explain how government spending actually works to the media and public in plain english.

      Apparently they have been using at least a reasonably progressive economic model to do their budget here. The biggest uncertainties in their budget will however be in the assumptions their model makes rather than where spending should be allocated.

      • weka 6.2.1

        Assumptions about what?

        • Nic the NZer 6.2.1.1

          For example if the budget deficit expands you make some assumptions about how the economy will respond. On assumption would be that the economy can expand supply (produce more output) and therefore there will be more output created and higher employment and higher taxation collected. A conflicting assumption would be that the economy has no room to respond to this and the economy will respond by increasing prices but not supply.

          In terms of the modeling for the government budget we don’t really know enough about the economy to say which will happen in practice.

      • mikesh 6.2.2

        [Unfortunately at least advertising your intention to run surpluses appears the be the thing of the day politically at present.]

        One would hope that this ¨neoliberal¨ idea has been included in their agenda just to keep the voters happy, and will be abandoned once they are in government.

        Another foolish ¨neoliberal¨ practice in place at the moment is borrowing from Westpac, for government expenditure, rather than from our own Reserve Bank. (Central Banks have traditionally been ¨governments´ bankers¨.) Rectifying this doesn´t seem part of any party´s agenda in this election, though I´m pretty sure Winston would be amenable to doing rectifying the problem.

        • tracey 6.2.2.1

          But they are friends with Westpac, and got Power that lovely job there when he showed he had a conscience

        • Nic the NZer 6.2.2.2

          Actually the borrowing from westpac part is a common misunderstanding.
          The governments account in the interbank market is nominally handled by westpac though its separate from westpac banks interbank account. When the government spends or taxes, or sells bonds then transfers happen in the interbank market, just as if one bank pays another. The only kind of money which exists in the interbank market is high powered money (in electronic form) and therefore must have been created by the RBNZ which operates the interbank market system.

          • mikesh 6.2.2.2.1

            Interesting.

            So if the government, for example, wants to pay civil servants´ wages it would create the money and transfer it to the account it has with Westpac in the interbank system. Westpac presumably would then transfer the money to the department concerned through the regular banking system. So in fact the whole thing operates through subsidiary ledgers, with an Interbank control account in Westpac´s Main Ledger, and a Westpac control account in the Reserve Bank´s Main Ledger. Presumably Westpac would be paid a fee for this rather than receive interest.

            • Nic the NZer 6.2.2.2.1.1

              Essentially, yes. At present the DMO probably sold bonds to get the funds into the govrnments account. This is actually done for monetary policy reasons allowing the RBNZ to maintain the OCR system.

              However all the high powered money in accounts in the interbank system can only have been created by the RBNZ.

              Westpac (and other banks) generally accept deposits and even pay interest on them, just so they have access to the high powered money to make further payments for their customers (and borrowers).

              The government designates this account to a commercial bank just so government staff can have access to credit cards, bank machines, public facing accounts and the like without having to run a bank account system themselves.

  7. Antoine 7

    I look at this manifesto and it seems to include a lot of social spending and not a lot more tax. How can this be explained , in plain English?

    A.

    • weka 7.1

      Do you mean you don’t believe the Green and the external audit when they say that the social spending plans have been costed? Or that you just don’t see how it works? Have you tried looking at the individual policy costings and how they are to be paid for? Maybe start with the nitrate levy and farming fund.

      • Antoine 7.1.1

        > Do you mean you don’t believe the Green and the external audit when they say that the social spending plans have been costed? Or that you just don’t see how it works?

        The latter.

        I was hoping someone understood well enough to give a simple answer, off the top of their head, like “It isn’t actually much new spending” or “They have cancelled National’s planned spending in area X” or “Actually new taxes Y and Z will gather quite a bit of money” or “Crown debt will increase”.

        Does anyone understand well enough to do this?

        A.

    • tracey 7.2

      No tax cut next April = 450m
      Removal of indirect subsidy of Farmers from exclusion from ETS = 450 m
      Levy on polluters

      • Antoine 7.2.1

        Thanks, so does that mean there is a billion or so of additional social and environmental spending (per year)?

        A.

        • weka 7.2.1.1

          I think it’s more complicated than that. Tracey can probably explain it better, it’s not my area, but as I understand it, if you look at individual policies, they’re costed. Eg if you are interested social spending, look at the Mending the Safety Net policy, there will be detail in there about what they want to spend (that’s a whole range of things) and how they want to pay for it (off the top of my head, one source was a 40% tax rate on income above $150,000).

          • Antoine 7.2.1.1.1

            One diagram showing all this at a high level would be nice, he said wistfully

            • weka 7.2.1.1.1.1

              I was thinking that about the farming ones. I wanted a flow chart showing taxes/levies and benefits and who they flow to and from and how. Plus highlighting which taxes are revenue generating to run the country and which are designed to change behaviour and that’s eventually be redundant for revenue purposes.

            • Tracey 7.2.1.1.1.2

              I am not an expert on this but it has been auditted. Unlike Nationals daily promises which we have to trust cos English and Joyce have proven themselves so honest

            • Antoine 7.2.1.1.1.3

              > One diagram showing all this at a high level would be nice, he said wistfully

              Ah, it’s there now I look. p23-24 of https://www.greens.org.nz/sites/default/files/policy-pdfs/The%20Green%20Party%27s%20fully%20costed%20plan%20FINAL.pdf.

              So for 2020/21, they have:
              – About $14.2B of increased spending (mostly carbon dividend, health, welfare, education, Super fund, and a large operating allowance).
              – About $2.2B of reduced spending (mostly by cancelling National’s Families package)
              – About $3.5B of new revenue (about half through the carbon tax, with CGT and increased taxation of trusts also contributing significantly).

              By my arithmetic, that increases net Govt spending by in excess of $8B per year.

              Is my arithmetic wrong? If not, where does this $8B come from?

              A.

              • weka

                Doesn’t National have some extra money floating around currently?

                • Antoine

                  Is that the $8B? What were the Nats going to do with it?

                  Its be great if someone who actually understands this stuff could weigh in. Does no one who worked on the policy package post here??

                • Antoine

                  Aha! I found the Nats promises at http://www.scoop.co.nz/stories/PA1709/S00113/national-releases-updated-policy-costings.htm, details at http://img.scoop.co.nz/media/pdfs/1709/Summary_of_policy_costings_10_September.pdf.

                  National has approx $500M of additional spending as of 2020, most in health and education. Plus a few hundred million of capex, roads (but these are to be funded from NLTF and PPPs), and rather large operating allowances which are as yet unallocated.

                  So even if you cancel all this National spending (which is not obviously a good idea given that it contains items like ‘Parents and Newborns package’), it barely scratches the surface of the Greens $8B extra annual spending.

                  So what am I missing? Have I got my facts or my analysis wrong (I am pretty new to all this)? Or if not, where is the Greens $8B per year supposed to come from???

                  A.

                  • weka

                    Have you read through the GP documents? I assume I don’t get it because I don’t understand economics very well. There was a whole bunch of debate going on re the projected accounts in the past month, I didn’t follow it.

                  • Weka summoned me on your behalf, as requested. (I have replied upthread so as to notify you instead of Weka, as your latest comment is at the bottom allowable tier of the reply nesting)

                    As a note, I’m not a GP staffer, just a member, so I am only working from publicly available info, but I have followed the Labour side of the accounting allegations you refer to.

                    $8b extra spend relative to National is nothing, and I can explain why without even adding up the Green books, (I will take your word for now on $8b and check it later) because you’re looking at what is there, rather than what isn’t, because it’s assumed as a starting point.

                    The plan is relative to PREFU, remember. There is significant (ie. $17.34b, lol, or $15.36b after National’s new spending if you assume none of it will be cut, which some of it will as it duplicates promises in opposition budgets or is promised to be cut as part of a change in direction) discretionary spending, which National has kept very large in order to promise extra policies with right up to the wire and then claim that they can do that due to the oxymoron of National being “better economic managers,” and then acted outraged when Labour won the argument on services before tax cuts, then beat them to it on spending the discretionary fund and forced them into instead defending tax cuts and not spending enough, so instead they opted to lie about the oppositions’ plans. This discretionary fund is abnormally large right now.

                    I don’t think you’re lying about being worried of course, just that you’ve heard about fiscal holes. (which is what happens when the finance minister tries to critique an opposition budget and the numbers add up but he gets confused about the labels, then just keeps digging, lol)

                    What Labour and the Greens are proposing to do is leave little (but more than English did in his own near-zero budget as Finance Minister under Key) money for discretionary spending and go into a tiny bit further debt if a $10b disaster necessitates it, in order to restore public spending to sustainable levels. This is Joyce’s backup claim for where his imagined hole is- he argues that Labour will need a massive discretionary budget when governing because they like to spend spend spend so much, which compared to National’s budgets on anything but tax reduction is true, but they also like to consider revenue, and debt, and everything else, and are much better at handling all but one of the key government economic indicators than National are. Economists back him up that the budgets are tight and think Labour might end up spending more than the discretionary budget, but that’s very different than an actual hole, that’s like, their opinion, man.

                    I would also point out briefly that if Labour must go into debt to restore responsible spending and cover unexpected expenses, this is not the fault of Labour’s poor fiscal management. We have had nine long years of National government that has depleted our natural disaster fund and let immigration outpace infrastructure spending in order to chase imagined surpluses and pretend they were doing something to stimulate economic growth when Bill English basically pretended he was Herbert Hoover as far as government spending was concerned, and put all of his extra money into tax cuts for the wealthy. I will go on record as saying that we would have just crawled out of a recession twice as long as the one we did if not for the Canterbury quakes allowing the government to entirely drain the natural disaster fund, and carefully mandate as little topups as possible in repairing Canterbury. And even then, Labour is actually promising not to reverse the original lot of tax cuts, just cancel the new ones and redirect them to people who are actually struggling, where they will be better for society, for families, and for the economy. The Greens only want a modest bit extra of taxes, which is hardly disastrous.

                    All the opposition is asking you to believe is that Robertson and Shaw are collectively nearly as competent as Bill English and Joyce, a standard which this campaign has shown merely requires you to lie only some of the time, and to actually check in with each other before making outrageous allegations that could undermine their own positions and in any sane world would necessitate a resignation, and to have passed your economics papers and be able to add up numbers even when you find the labels a little confusing. I also would be skeptical of Joyce’s numbers on what the discretionary fund needs to be, as Labour used different accouncy practices to Joyce and put some things in line items that Joyce insists will cause problems if they’re not in the discretionary fund. (this is the level of pedantry, or as Keith Ng called it, “ethics in accounting journalism” in reference to GamerGate, he was forced into to not look like a complete drongo when defending his original main point, which he has now abandoned)

                    In my estimation they will manage much better on these tight budgets than National did, although they will find it difficult to deal with anything unexpected that comes up if Labour is serious about ruling out a CGT in the first term.

                    (I suspect if they have the numbers to govern alone, they will be “forced” to “negotiate” into accepting one, they make it near revenue-neutral in reduces other taxes instead of fully neutral, and boom, there goes your fiscal tightness, the sacred discretionary fund is restored! I also expect if they are forced to deal with Winston they will make it clear his more expensive promises will require a CGT, but I could be wrong on this. I have constantly been disappointed in Labour’s bullheaded insistence that they didn’t win the CGT argument convincingly in 2014 because John Key was a media darling who got the benefit of the doubt when shouting over Cunliffe about money)

                    Keith Ng has been very good on this, he was actually the original one to go through both PREFU and Labour’s alternative budget and confirm that the hole claim was outright wrong. He’s not an economist, just an ordinary data jockey like me but probably better because he’s paid to do it, and after he blogged to the spinoff that he’d found where Joyce went wrong suddenly all the economists backed him up on the accounts. If you have questions about this I would direct them to him. He will likely tell you much the same thing if asked, possibly correcting a few details but largely the same story, but with at least more subtle if not less savagery of Bill English and Steven Joyce. I also maintain that by the ancient ettiquette of dueling, Keith Ng is now de facto finance minister until the election, having defeated Steven Joyce at his own job. Enjoy your new irrational cryptocurrencies, and sudden investments into open-source software and new episodes of Community. He may also be less generous than I am on my last two paragraphs, but they are reasonably ancillary to the main point, which, for the TL;DR crowd, is that 15 minus 8 does in fact equal 7, and that 7 is more than 0, and even James Shaw and Grant Robertson, known advocates of responsible left-wing budgets and Not Tax-and-Spending ALL The Money, can make do with “only” $7 billion for surprises.

                  • And yes, I did just troll you with a two-page detailed answer when I could make my point using basic arithmetic but Steven Joyce did that trick first so I’m just following his example.

                    • Antoine

                      I suppose I look at it and it seems to me that National would pay down debt much faster than the Greens. (Or would they blow the excess billions on some kind of spending?)

                      A.

        • Tracey 7.2.1.2

          I didnt write it. I am telling you what I know.

  8. The Chairman 8

    It’s a fallacy to assume that a CGT would lead to a significant boost of new business start ups. Which exposes a major flaw in the Greens rationale.

    New business start ups are a far more riskier investment, property investors tend to be risk-averse investors.

    Additionally, bank lending is largely funding property investment and banks prefer the security loans on property provide over business.

    Therefore, attempting to tie this tax loophole to low productivity, low salaries and astronomical housing costs is a huge leap of faith at best and a disappointing joke if this is what the Greens are basing their CGT policy upon.

    Moreover, as shown overseas, a CGT hasn’t put an end to property speculation or astronomical housing costs.

    And introducing a more comprehensive CGT may result in more houses being flipped as investors become more aggressive and look to make up the shortfall. Exacerbating the problem.

    • weka 8.1

      If it’s the housing crisis you are concerned about then look at all the relevant policies together. Pulling one policy out and examining it in isolation will lead to a misunderstanding of the plan.

      • The Chairman 8.1.1

        “If it’s the housing crisis you are concerned about then look at all the relevant policies together.”

        No. It was the flaw behind the rationale (given above) for a CGT and attempting to tie this tax loophole to low productivity, low salaries and astronomical housing costs, that I was highlighting.

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    Hi,I was in Texas recently and couldn’t stop thinking about how in some parts of America they really like to kill their prisoners. As a society we tend to agree murder is wrong, but somewhere along the way Texas figured it’s fine if it’s after 6pm and the killing is ...
    David FarrierBy David Farrier
    15 hours ago
  • The new Beehive approach to the environment
    A persistent theme has been weaving between the Committee rooms at Parliament all this so-called “Scrutiny” week as MPs have probed Ministers and agencies about their work and plans. The question has been simply what the environmental price might be if the country begins to accelerate its infrastructure building to ...
    PolitikBy Richard Harman
    17 hours ago
  • Skeptical Science New Research for Week #25 2024
    Open access notables Climate Change Is Leading to a Convergence of Global Climate Distribution, Li et al., Geophysical Research Letters: The impact of changes in global temperatures and precipitation on climate distribution remains unclear. Taking the annual global average temperatures and precipitation as the origin, this study determined the climate distribution with the ...
    1 day ago
  • You take nicer pictures when you’re not drunk
    Readers keeping count will know it's more than five years since I gave up booze. Some of you get worried on my behalf when I recount a possibly testing moment. Anxious readers: today I got well tested.All the way across France I've been enquiring in my very polite and well-meaning but ...
    More Than A FeildingBy David Slack
    1 day ago
  • Cancer
    Turn awayIf you could, get me a drinkOf water 'cause my lips are chapped and fadedCall my Aunt MarieHelp her gather all my thingsAnd bury me in all my favourite coloursMy sisters and my brothers, stillI will not kiss you'Cause the hardest part of this is leaving youI remember the ...
    Nick’s KōreroBy Nick Rockel
    1 day ago
  • Gordon Campbell on why we shouldn’t buy new planes for the PM
    Its not often that one has to agree with Judith Collins, but yes, it would indeed cost “hundreds of millions of dollars” (at least) to buy replacement aircraft to fly the Prime Minister on his overseas missions of diplomacy and trade. And yes, the public might well regard that spending ...
    WerewolfBy lyndon
    1 day ago
  • The Stadium Debate – What About the Transport Options?
    A few weeks ago, Auckland Council took another step in the long-running stadium saga, narrowing its shortlist down to two options for which they will now seek feasibility studies. The recommendation to move forward with a feasibility study was carried twenty to one by the council’s Governing Body for the ...
    2 days ago
  • Bernard’s mid-winter pick ‘n’ mix for Thursday, June 20
    Social Development Minister Louise Upston has defended the Government’s decision to save money by dumping a programme which tops up the pay of disabled workers. Photo: Lynn GrievesonTL;DR: It has emerged the National-ACT-NZ First Government decided to cut wages for disabled workers from the minimum wage to $2 an hour ...
    The KakaBy Bernard Hickey
    2 days ago
  • Where the power really resides in Wellington
    The new Chief Executive of the Department of Prime Minister and Cabinet (DPMC) yesterday gave a Select Committee a brutally frank outline of the department’s role as the agency right at the centre of power in Wellington. Ben King, formerly a deputy Chief Executive at the Ministry of Foreign Affairs ...
    PolitikBy Richard Harman
    2 days ago
  • Climate Adam: Why we're still losing the fight against Methane
    This video includes conclusions of the creator climate scientist Dr. Adam Levy. It is presented to our readers as an informed perspective. Please see video description for references (if any). Carbon dioxide is the main culprit behind climate change. But in second place is methane: a greenhouse gas stronger than CO2, ...
    2 days ago
  • Climate Change: More ETS failure
    A few weeks ago, I blogged about the (then) upcoming ETS auction, raising the prospect of it failing, leaving the government with a messy budget hole. The auction was today, and indeed, it failed. In fact, it was such a failure that no-one even bothered to bid. Its easy to ...
    No Right TurnBy Idiot/Savant
    2 days ago
  • The Return of Jacinda.
    Oh, take me, take me, take meTo the dreamer's ballI'll be right on time and I'll dress so fineYou're gonna love me when you see meI won't have to worryTake me, take mePromise not to wake me'Til it's morningIt's all been trueEarly morning yesterday, well before dawn, doom-scrolling.Not intentionally, that’s ...
    Nick’s KōreroBy Nick Rockel
    3 days ago
  • How good is the interim NW busway?
    This is a guest post by Pshem Kowalczyk, a long-time follower of the blog. With great fanfare, just over six months ago (on 12 November 2023), AT launched its interim busway for the NorthWest region, with the new WX express service at the heart of the changes. I live ...
    Greater AucklandBy Guest Post
    3 days ago
  • Consumer confidence collapses after Budget, in contrast with rest of world
    The first widespread survey of consumers and voters since the Budget on May 30 shows a collapse in confidence. Photo: Lynn Grieveson / The KākāTL;DR: The belt-tightening and tax-cutting Budget delivered on May 30 has not delivered the boost to confidence in the economy the National-ACT-NZ First Government might have ...
    The KakaBy Bernard Hickey
    3 days ago
  • The end for the Air Force 757s
    The Air Force 757 that broke down with the Prime Minister on board in Port Moresby on Sunday is considered so unreliable that it carries a substantial stock of spare parts when it travels overseas. And the plane also carries an Air Force maintenance team on board ready to make ...
    PolitikBy Richard Harman
    3 days ago
  • At a glance – Was 1934 the hottest year on record?
    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 ...
    3 days ago
  • It's not New Zealand they've never heard of, it's him
    Sometimes you’ll just be so dog-tired, you can only keep yourself awake with a short stab of self-inflicted pain.A quick bite of the lip, for instance.Maybe a slight bite on the tongue or a dig of the nails.But what if you’re needing something a bit more painful?The solution is as ...
    More Than A FeildingBy David Slack
    3 days ago
  • Some “scrutiny” II
    Last month I blogged about the Ministry of Justice's Open Government Partnership commitment to strengthen scrutiny of Official Information Act exemption clauses in legislation", and how their existing efforts did not give much reason for confidence. As part of that, I mentioned that I had asked the Ministry for its ...
    No Right TurnBy Idiot/Savant
    3 days ago
  • Gordon Campbell on why the Biden “peace plan” for Gaza is doomed
    After months and months of blocking every attempt by the UN and everyone else to achieve a Gaza ceasefire, US President Joe Biden is now marketing his own three-stage “peace plan” to end the conflict. Like every other contribution by the US since October 7, the Biden initiative is hobbled ...
    WerewolfBy lyndon
    3 days ago
  • Raised crossings: hearing the voice of vulnerable pedestrians
    This is a guest post by Vivian Naylor, who is the Barrier Free Advisor and Educator at CCS Disability Action, Northern Region, the largest disability support and advocacy organisation in Aotearoa New Zealand. She also advises on AT’s Public Transport and Capital Projects Accessibility Groups. Vivian has been advocating and ...
    Greater AucklandBy Guest Post
    4 days ago
  • Leaving on a Jet Plane
    So kiss me and smile for meTell me that you'll wait for meHold me like you'll never let me go'Cause I'm leavin' on a jet planeDon't know when I'll be back againOh babe, I hate to go“The true measure of any society can be found in how it treats its ...
    Nick’s KōreroBy Nick Rockel
    4 days ago
  • Bernard's mid-winter pick 'n' mix for Tuesday, June 18
    The election promises of ‘better economic management’ are now ringing hollow, as NZ appears to be falling into a deeper recession, while other economies are turning the corner. Photo: Lynn Grieveson / The KākāTL;DR: The economy and the housing market are slumping back into a deep recession this winter, contrasting ...
    The KakaBy Bernard Hickey
    4 days ago
  • Scrutiny week off to rocky start
    Parliament’s new “Scrutiny” process, which is supposed to allow Select Committees to interrogate Ministers and officials in much more depth, has got off to a rocky start. Yesterday was the first day of “Scrutiny Week” which is supposed to see the Government grilled on how it spends taxpayers’ money and ...
    PolitikBy Richard Harman
    4 days ago
  • The choice could not be more stark’: How Trump and Biden compare on climate change
    This is a re-post from Yale Climate Connections by Barbara Grady Illustration by Samantha Harrington. Photo credits: Justin Lane-Pool/Getty Images, Win McNamee/Getty Images, European Space Agency. In an empty wind-swept field in Richmond, California, next to the county landfill, a company called RavenSr has plotted out land and won ...
    4 days ago
  • Differentiating between democracy and republic
    Although NZ readers may not be that interested in the subject and in lieu of US Fathers Day missives (not celebrated in NZ), I thought I would lay out some brief thoughts on a political subject being debated in the … Continue reading ...
    KiwipoliticoBy Pablo
    4 days ago
  • Bernard's mid-winter pick 'n' mix for Monday, June 17
    TL;DR: Chris Bishop talks up the use of value capture, congestion charging, PPPs, water meters, tolling and rebating GST on building materials to councils to ramp up infrastructure investment in the absence of the Government simply borrowing more to provide the capital.Meanwhile, Christopher Luxon wants to double the number of ...
    The KakaBy Bernard Hickey
    5 days ago
  • You do have the power to change things
    When I was invited to come aboard and help with Greater Auckland a few months ago (thanks to Patrick!), it was suggested it might be a good idea to write some sort of autobiographical post by way of an introduction. This post isn’t quite that – although I’m sure I’lll ...
    Greater AucklandBy Connor Sharp
    5 days ago
  • Turning Away – Who Cares If We Don't?
    On the turning awayFrom the pale and downtroddenAnd the words they say which we won't understandDon't accept that, what's happeningIs just a case of other's sufferingOr you'll find that you're joining inThe turning awayToday’s guest kōrero is from Author Catherine Lea. So without further ado, over to Catherine…I’m so honoured ...
    Nick’s KōreroBy Nick Rockel
    5 days ago
  • Dissecting Tickled
    Hi,Tickled was one of the craziest things that ever happened to me (and I feel like a lot of crazy things have happened to me).So ahead of the Webworm popup and Tickled screening in New Zealand on July 13, I thought I’d write about how we made that film and ...
    David FarrierBy David Farrier
    5 days ago
  • New Zealand Webworm Popup + Tickled!
    Hi,I’m doing a Webworm merch popup followed by a Tickled screening in Auckland, New Zealand on July 13th — and I’d love you to come. I got the urge to do this while writing this Webworm piece breaking down how we made Tickled, and talking to all the people who ...
    David FarrierBy David Farrier
    5 days ago
  • What China wants from NZ business
    One simple statistic said it all: China Premier Li Qiang asked Fonterra CEO Miles Hurrell what percentage of the company’s overall sales were made in China. “Thirty per cent,” said Hurrell. In other words, New Zealand’s largest company is more or less dependent on the Chinese market. But Hurrell is ...
    PolitikBy Richard Harman
    5 days ago
  • Review: The Worm Ouroboros, by E.R. Eddison (1922)
    One occasionally runs into the question of what J.R.R. Tolkien would have thought of George R.R. Martin. For years, I had a go-to online answer: we could use a stand-in. Tolkien’s thoughts on E.R. Eddison – that he appreciated the invented world, but thought the invented names were silly, and ...
    5 days ago
  • 2024 SkS Weekly Climate Change & Global Warming News Roundup #24
    A listing of 35 news and opinion articles we found interesting and shared on social media during the past week: Sun, June 9, 2024 thru Sat, June 15, 2024. Story of the week A glance at this week's inventory of what experts tell us is extreme weather mayhem juiced by ...
    5 days ago
  • Sunday Morning Chat
    After a busy week it’s a good day to relax. Clear blues skies here in Tamaki Makaurau, very peaceful but for my dogs sleeping heavily. In the absence of a full newsletter I thought I’d send out a brief update and share a couple of posts that popped up in ...
    Nick’s KōreroBy Nick Rockel
    5 days ago
  • The Book of Henry
    Now in the land of Angus beef and the mighty ABsWhere the steaks were juicy and the rivers did run foulIt would often be said,This meal is terrible,andNo, for real this is legit the worst thing I've ever eatenBut this was an thing said only to others at the table,not ...
    More Than A FeildingBy David Slack
    6 days ago
  • Fact Brief – Is ocean acidification from human activities enough to impact marine ecosystems?
    Skeptical Science is partnering with Gigafact to produce fact briefs — bite-sized fact checks of trending claims. This fact brief was written by Sue Bin Park in collaboration with members from the Skeptical Science team. You can submit claims you think need checking via the tipline. Is ocean acidification from human ...
    6 days ago
  • Happiness is a Warm Gun
    She's not a girl who misses muchDo do do do do do, oh yeahShe's well-acquainted with the touch of the velvet handLike a lizard on a window paneI wouldn’t associate ACT with warmth, other than a certain fabled, notoriously hot, destination where surely they’re heading and many would like them ...
    Nick’s KōreroBy Nick Rockel
    6 days ago
  • Still doing a good 20
    Hello! Here comes the Saturday edition of More Than A Feilding, catching you up on the past somewhat interrupted week. Still on the move!Share Read more ...
    More Than A FeildingBy David Slack
    7 days ago
  • Coalition of the Unwilling?
    What does Budget 2024 tell us about the current government? Muddle on?Coalition governments are not new. About 50 percent of the time since the first MMP election, there has been a minority government, usually with allied parties holding ministerial portfolios outside cabinets. For 10 percent of the time there was ...
    PunditBy Brian Easton
    1 week ago
  • Of red flags and warning signs in comments on social media
    Somewhat surprisingly for what is regarded as a network of professionals, climate science misinformation is getting shared on LinkedIn, joining other channels where this is happening. Several of our recent posts published on LinkedIn have attracted the ire of various commenters who apparently are in denial about human-caused climate change. Based ...
    1 week ago
  • All good, still
    1. On what subject is Paul Henry even remotely worth giving the time of day?a. The state of our nationb. The state of the ACT partyc. How to freak out potential buyers of your gin palace by baking the remains of your deceased parent into its fittings2. Now that New ...
    More Than A FeildingBy David Slack
    1 week ago
  • The looting is the point
    Last time National was in power, they looted the state, privatising public assets and signing hugely wasteful public-private partnership (PPP) contracts which saw foreign consortiums provide substandard infrastructure while gouging us for profits. You only have to look at the ongoing fiasco of Transmission Gully to see how it was ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • The Illusion of Power: How Local Government Bureaucrats Overawe Democratically-Elected Councillors..
    The Democratic Façade Of Local Government: Our district and city councillors are democratically elected to govern their communities on one very strict condition – that they never, ever, under any circumstances, attempt to do so.A DISINTEGRATION OF LOYALTIES on the Wellington City Council has left Mayor Tory Whanau without a ...
    1 week ago
  • Lowlights & Bright Spots
    I can feel the lowlights coming over meI can feel the lowlights, from the state I’m inI can see the light now even thought it’s dimA little glow on the horizonAnother week of lowlights from our government, with the odd bright spot and a glow on the horizon. The light ...
    Nick’s KōreroBy Nick Rockel
    1 week ago
  • Weekly Roundup 14-June-2024
    Another week, another roundup of things that caught our eye on our favourite topics of transport, housing and how to make cities a little bit greater. This Week in Greater Auckland On Monday, Connor wrote about Kāinga Ora’s role as an urban development agency Tuesday’s guest post by ...
    Greater AucklandBy Greater Auckland
    1 week ago
  • The Hoon around the week to June 14
    Photo: Lynn Grieveson / The KākāTL;DR: The podcast above of the weekly ‘hoon’ webinar for paying subscribers features co-hosts and talking with:The Kākā’s climate correspondent about the National-ACT-NZ First Government’s moves this week to take farming out of the ETS and encourage more mining and oil and ...
    The KakaBy Bernard Hickey
    1 week ago
  • Climate policy axed in broad daylight, while taxpayer liabilities grow in the dark
    In 2019, Shane Jones addressed the “50 Shades of Green” protest at Parliament: Now he is part of a government giving those farmers a pass on becoming part of the ETS, as well as threatening to lock in offshore oil exploration and mining for decades. Photo: Lynn GrievesonTL;DR: Here’s the ...
    The KakaBy Bernard Hickey
    1 week ago
  • Rage Bait!
    Hi,Today’s newsletter is all about how easy it is to get sucked into “rage bait” online, and how easy it is to get played.But first I wanted to share something that elicited the exact opposite of rage in me — something that made me feel incredibly proud, whilst also making ...
    David FarrierBy David Farrier
    1 week ago
  • Bernard's Dawn Chorus and pick 'n' mix for Friday, June 14
    Seymour said lower speed limits “drained the joy from life as people were forced to follow rules they knew made no sense.” File Photo: Lynn Grieveson / The KākāTL;DR: My six things to note in Aotearoa-NZ’s political economy around housing, climate and poverty on Friday, June 14 were:The National/ACT/NZ First ...
    The KakaBy Bernard Hickey
    1 week ago
  • Friendly but frank talks with China Premier
    It sounded like the best word to describe yesterday’s talks between Chinese Premier Li Qiang and his heavyweight delegation of Ministers and officials and Prime Minister Christopher Luxon and New Zealand Ministers and officials was “frank.” But it was the kind of frankness that friends can indulge in. It ...
    PolitikBy Richard Harman
    1 week ago
  • Skeptical Science New Research for Week #24 2024
    Open access notables Wildfire smoke impacts lake ecosystems, Farruggia et al., Global Change Biology: We introduce the concept of the lake smoke-day, or the number of days any given lake is exposed to smoke in any given fire season, and quantify the total lake smoke-day exposure in North America from 2019 ...
    1 week ago
  • Join us for the weekly Hoon on YouTube Live
    Photo by Mathias Elle on UnsplashIt’s that new day of the week (Thursday rather than Friday) when we have our ‘hoon’ webinar with paying subscribers to The Kākā for an hour at 5 pm.Jump on this link on YouTube Livestream for our chat about the week’s news with special guests:5.00 ...
    The KakaBy Bernard Hickey
    1 week ago
  • Geoffrey Miller: China’s message to New Zealand – don’t put it all at risk
    Don’t put it all at risk. That’s likely to be the take-home message for New Zealand Prime Minister Christopher Luxon in his meetings with Li Qiang, the Chinese Premier. Li’s visit to Wellington this week is the highest-ranking visit by a Chinese official since 2017. The trip down under – ...
    Democracy ProjectBy Geoffrey Miller
    1 week ago
  • The Real Thing
    I know the feelingIt is the real thingThe essence of the soulThe perfect momentThat golden momentI know you feel it tooI know the feelingIt is the real thingYou can't refuse the embraceNo?Sometimes we face the things we most dislike. A phobia or fear that must be confronted so it doesn’t ...
    Nick’s KōreroBy Nick Rockel
    1 week ago
  • Gordon Campbell on how moderates empower the political right
    Struth, what a week. Having made sure the rural sector won’t have to pay any time soon for its pollution, PM Christopher Luxon yesterday chose Fieldays 2024 to launch a parliamentary inquiry into rural banking services, to see how the banks have been treating farmers faced with high interest rates. ...
    1 week ago
  • Bernard's Dawn Chorus and pick 'n' mix for Thursday, June 13
    In April, 17,656 people left Aotearoa-NZ to live overseas, averaging 588 a day, with just over half of those likely to have gone to Australia. Photo: Photo: Lynn Grieveson / The KākāTL;DR: My six things to note in Aotearoa-NZ’s political economy around housing, climate and poverty on Thursday, June 13 ...
    The KakaBy Bernard Hickey
    1 week ago
  • Our guide to having your say on the draft RLTP 2024
    Auckland’s draft Regional Land Transport Plan (RLTP) 2024 is open for feedback – and you only have until Monday 17 June to submit. Do it! Join the thousands of Aucklanders who are speaking up for wise strategic investment that will dig us out of traffic and give us easy and ...
    Greater AucklandBy Connor Sharp
    1 week ago
  • The China puzzle
    Chinese Premier Li Qiang arrives in Wellington today for a three-day visit to the country. The visit will take place amid uncertainty about the future of the New Zealand-China relationship. Li hosted a formal welcome and then lunch for then-Prime Minister Chris Hipkins in Beijing a year ago. The pair ...
    PolitikBy Richard Harman
    1 week ago
  • Fossil fuels are shredding our democracy
    This is a re-post of an article from the Climate Brink by Andrew Dessler published on June 3, 2024. I have an oped in the New York Times (gift link) about this. For a long time, a common refrain about the energy transition was that renewable energy needed to become ...
    1 week ago
  • Life at 20 kilometres an hour
    We are still in France, getting from A to B.Possibly for only another week, though; Switzerland and Germany are looming now. On we pedal, towards Budapest, at about 20 km per hour.What are are mostly doing is inhaling a country, loving its ways and its food. Rolling, talking, quietly thinking. ...
    More Than A FeildingBy David Slack
    1 week ago
  • Hipkins is still useless
    The big problem with the last Labour government was that they were chickenshits who did nothing with the absolute majority we had given them. They governed as if they were scared of their own shadows, afraid of making decisions lest it upset someone - usually someone who would never have ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Exercising with the IDF.
    This morning I did something I seldom do, I looked at the Twitter newsfeed. Normally I take the approach of something that I’m not sure is an American urban legend, or genuinely something kids do over there. The infamous bag of dog poo on the front porch, set it on ...
    Nick’s KōreroBy Nick Rockel
    1 week ago
  • Helm Hammerhand Anime: First Pictures and an Old English ‘Hera’
    We have some news on the upcoming War of the Rohirrim anime. It will apparently be two and a half hours in length, with Peter Jackson as Executive Producer, and Helm’s daughter Hera will be the main character. Also, pictures: The bloke in the middle picture is Freca’s ...
    1 week ago
  • Farmers get free pass on climate AND get subsidies
    The cows will keep burping and farting and climate change will keep accelerating - but farmers can stop worrying about being included in the ETS. Photo: Lynn Grieveson / The KākāTL;DR: My six things to note in Aotearoa-NZ’s political economy around housing, climate and poverty on Wednesday, June 12 were:The ...
    The KakaBy Bernard Hickey
    1 week ago
  • Six ideas to secure Te Huia’s Future
    This is a guest post by our friend Darren Davis. It originally appeared on his excellent blog, Adventures in Transitland, which features “musings about public transport and other cool stuff in Aotearoa/ New Zealand and around the globe.” With Te Huia now having funding secure through to 2026, now is ...
    Greater AucklandBy Darren Davis
    1 week ago
  • The methane waka sinks
    In some ways, there may be less than meets the eye to the Government announcement yesterday that the He Waka Eke Noa proposal for farmers to pay for greenhouse gas emissions has been scrapped. The spectre of farmers still having to pay at some point in the future remains. That, ...
    PolitikBy Richard Harman
    1 week ago
  • At a glance – Does positive feedback necessarily mean runaway warming?
    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 ...
    1 week ago
  • Climate Change: Farmers get what they wanted – for now
    Since entering office, National has unravelled practically every climate policy, leaving us with no effective way of reducing emissions or meeting our emissions budgets beyond magical thinking around the ETS. And today they've announced another step: removing agriculture entirely. At present, following the complete failure of he waka eka noa, ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Presumed Innocent?
    The blue billionaireDistraction no interactionOr movement outside these glazed over eyesThe new great divideFew fight the tide to be glorifiedBut will he be satisfied?Can we accept this without zoom?The elephant in the roomNot much happens in politics on a Monday. Bugger all in fact. Although yesterday Christopher Luxon found he ...
    Nick’s KōreroBy Nick Rockel
    1 week ago
  • Gordon Campbell on our doomed love affair with oil and gas
    What if New Zealand threw a fossil fuel party, and nobody came? On the weekend, Resources Minister Shane Jones sent out the invitations and strung up the balloons, but will anyone really want to invest big time in resuming oil and gas exploration in our corner of the planet? Yes, ...
    WerewolfBy lyndon
    1 week ago
  • Building better housing insights
    This is a guest post by Meredith Dale, senior urban designer and strategist at The Urban Advisory. There’s a saying that goes something like: ‘what you measure is what you value’. An RNZ article last week claimed that Auckland was ‘hurting’ because of a more affordable supply of homes, particularly townhouses ...
    Greater AucklandBy Guest Post
    2 weeks ago

  • Reserve Bank chair reappointed
    Professor Neil Quigley has been reappointed as Chair of the Reserve Bank of New Zealand Board for a further term of two years, until 30 June 2026.  “Professor Quigley has played a key role in establishing the new Board after the commencement of the new RBNZ Act on 1 July ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • School attendance increases
    School attendance data released today shows an increase in the number of students regularly attending school to 61.7 per cent in term one. This compares to 59.5 per cent in term one last year and 53.6 per cent in term four. “It is encouraging to see more children getting to ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Record investment in public transport services
    The Government has announced a record 41 per cent increase in indicative funding for public transport services and operations, and confirmed the rollout of the National Ticketing Solution (NTS) that will enable contactless debit and credit card payments starting this year in Auckland, Transport Minister Simeon Brown says.“This Government is ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • GDP data shows need to strengthen and grow the economy
    GDP figures for the March quarter reinforce the importance of restoring fiscal discipline to public spending and driving more economic growth, Finance Minister Nicola Willis says.  Data released today by Stats NZ shows GDP has risen 0.2 per cent for the quarter to March.   “While today’s data is technically in ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Women continue to make up over 50 per cent on public sector boards
    Women’s representation on public sector boards and committees has reached 50 per cent or above for the fourth consecutive year, with women holding 53.9 per cent of public sector board roles, Acting Minister for Women Louise Upston says. “This is a fantastic achievement, but the work is not done. To ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Government supporting Māori business success
    The Coalition Government is supporting Māori to boost development and the Māori economy through investment in projects that benefit the regions, Regional Development Minister Shane Jones and Māori Development Minister Tama Potaka say. “As the Regional Development Minister, I am focused on supporting Māori to succeed. The Provincial Growth Fund ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Better solutions for earthquake-prone buildings
    Building and Construction Minister Chris Penk has announced that the review into better managing the risks of earthquake-prone buildings has commenced. “The terms of reference published today demonstrate the Government’s commitment to ensuring we get the balance right between public safety and costs to building owners,” Mr Penk says.  “The Government ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Prime Minister wraps up visit to Japan
    Prime Minister Christopher Luxon has just finished a successful three-day visit to Japan, where he strengthened political relationships and boosted business links. Mr Luxon’s visit culminated in a bilateral meeting with Japanese Prime Minister Kishida Fumio followed by a state dinner. “It was important for me to meet Prime Minister Kishida in person ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Major business deals signed on PM’s Japan trip
    Significant business deals have been closed during the visit of Prime Minister Christopher Luxon to Japan this week, including in the areas of space, renewable energy and investment.  “Commercial deals like this demonstrate that we don’t just export high-quality agricultural products to Japan, but also our world-class technology, expertise, and ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Strategic Security speech, Tokyo
    Minasan, konnichiwa, kia ora and good afternoon everyone. Thank you for the invitation to speak to you today and thank you to our friends at the Institute for International Socio-Economic Studies and NEC for making this event possible today.  It gives me great pleasure to be here today, speaking with ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • National Infrastructure Pipeline worth over $120 billion
    The National Infrastructure Pipeline, which provides a national view of current or planned infrastructure projects, from roads, to water infrastructure, to schools, and more, has climbed above $120 billion, Infrastructure Minister Chris Bishop says. “Our Government is investing a record amount in modern infrastructure that Kiwis can rely on as ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Making it easier to build infrastructure
    The Government is modernising the Public Works Act to make it easier to build infrastructure, Minister for Land Information Chris Penk announced today. An independent panel will undertake an eight-week review of the Act and advise on common sense changes to enable large scale public works to be built faster and ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • NZ enhances North Korea sanctions monitoring
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