web analytics

Trickle-down

Written By: - Date published: 11:22 am, October 12th, 2008 - 10 comments
Categories: assets, bill english, economy, election 2008, families, kiwisaver, Media, national, public services, slippery, spin, tax, workers' rights - Tags:

A few thoughts from today’s Agenda:

Questioned about why National would introduce another tax rebate, having endlessly criticised Working for Families because of its complexity, English says ‘we do, in the long term, want a simpler tax system’. So, be on notice, Working for Families is under threat from National – they would ‘eventualy, but not yet’ replace these targeted tax rebates with tax cuts (for the wealthy, naturally)

English deseperately trying to defend trickle-down economics without naming it was a little sad. He must miss the 1990s, when he could just say what he believes.

He says National would stand behind the vulnerable. The most vulnerable workers (people on incomes from $14K to $24K, working families where the parents each earn less than $44K, and anyone on Kiwisaver) would be worse off under National. Meanwhile, the most wealthy New Zealanders would get higher tax cuts the higher their income. National would stand behind the vulnerable alright, as they pushed them over the cliff.

Rawdon, ‘the top 20 countries getting together and coming up with a unilateral solution’. Saying unilateral rather than universial or multilateral once sounds like a slip up. Doing it twice in a row suggests you don’t know what you are talking about.

I’ve read everything David Skilling’s New Zealand Institute has published. Universally, the work is poorly researched and provides threadbare arguments, usually lacking any empirical evidence, that lead to a radical, neo-liberal pro-rich ‘solution’. Look at his ‘solutions’ to the credit crisis – tax cuts for business, selling off public assets, tax cuts for rich expats coming back. Basically, tax cuts for the rich masked as an economic package. No evidence that these would do anything for growth and nothing for most Kiwis. But ‘radical economic package’ sounds impressive, eh?

10 comments on “Trickle-down”

  1. RedLogix 1

    I’ve read everything David Skilling’s New Zealand Institute has published. Universally, the work is poorly researched and provides threadbare arguments,

    Agreed.

    So why does he keep getting media oxygen?

    And where are the left wing counterparts to NZI?

    Why is the social democrat ideal almost totally gagged by our media?

    Now that the unfortunate neo-liberal experiment is over, something will arise to take it’s place; what will that be?

  2. Quoth the Raven 2

    Off topic, but Hooton’s been embarrasing himself, again.

  3. randal 3

    red…yes there is something definitely wrong with the kayonedoubleyewone meedia when they think that articles like skilling are intellectuals or have something to offer the debate when clearly to anyone with a modicum of the power of ratiociantion they do not. It is also worth noting that the phrase ‘trickle’ down was invented or at least came into popular currency after being used by secretary of the u.s. treasury mellon during the great depression. Mellon also thought the depression was morally good for people so they could learn a good lesson about saving and spending. cited in William Grieders book “the Secrets of the Temple” which seems to haVE BEEN REMOVED FROM EVERY PUBLIC LIBRARY IN nEW zEALAND.

  4. Draco T Bastard 4

    Agreed.

    So why does he keep getting media oxygen?

    The same reason Roger Douglas does? He keeps promising wealth from no work.

    And where are the left wing counterparts to NZI?

    The Left, particularly in NZ, don’t seem to have as much faith in Think Tanks as the right. I know ACT was pushing the need for Think Tanks in NZ a few years ago but I’ve never seen a party from the left do so.

  5. think tanks take a lot of money too. here are the NZ Institute’s members http://www.nzinstitute.org/index.php/about/institute_members/ heads of big companies, members of wealthy families.

    The left doens’t have think tanks because left wing think tanks wouldn’t be producing papers that make those people richer.

  6. RedLogix 6

    In one sense most of our ‘thinking’ has already been done for us; to my mind Galbraith, Kondratiev and Keynes were the great economic geniuses of the last century. Their work cast much light on how we could be.

    Yet much remains. Even Adams recognised in his later works that the notion of ‘rational economic self-interest’ was pointless if that self-interest was driven solely by short-term, narrow self-centred concerns. In the long-term true, self-interest is measured by an inclusive altruism that is expansive; extended to family, community, nation… and in it’s most developed form… to the whole of humanity.

    That is of course a high ideal. Translating that into the concerns of the day, devising and promoting the methods that will move us closer to it, remains a huge work largely untackled.

    It is not a lack of money that hinders us. There are far more of us, than there is of ‘them’. What holds us back is a lack of unity and focus.

  7. the sprout 7

    ah yes, Skilling’s New Zealand Institute. Not so much leaders in research as fast followers of neo-liberal populist vacuity.

    i’d always thought that Think Tanks meant ‘tank’ as in ‘respository or reservoir’, but now i realise that they’re actually the spearheading armoured vehicles of a PR war.

  8. Felix 8

    Or “tank” as a verb, perhaps?

  9. the sprout 9

    heh, could be 😉

    and then of course there’s “Trickle Down” as in being pissed on from above.

  10. Pascal's bookie 10

    Re trickle down:

    “As part of a plan to reinvigorate his flagging campaign, Sen. John McCain (R-Ariz.) is considering additional economic measures aimed directly at the middle class that are likely to be rolled out this week, campaign officials said.
    Among the measures being considered are tax cuts — perhaps temporary — for capital gains and dividends, the officials said.”

    from politico, no link ’cause it’s boring.

    Old man McCain has identified the problem. The economy’s a-sinkin ’cause no one can find the cash to pay the tax due on the enormous capital gains they’ve been clockin up over the last year.

Links to post

Recent Comments

Recent Posts

  • Govt releases funding to support South Canterbury
    A medium-scale adverse event has been declared for the South Canterbury district, which will see up to $50,000 in funding made available to support farming communities which have been significantly affected by recent heavy rain and flooding in the area, says Agriculture Minister Damien O’Connor. “Two weeks of solid rain ...
    BeehiveBy beehive.govt.nz
    1 hour ago
  • Govt pledges next steps on plastic waste
    The Government will phase out more single-use plastics following the success of its single-use plastic bag ban earlier this year and the release today of a pivotal report for dealing with waste. Prime Minister Jacinda Ardern has welcomed the Rethinking Plastics in Aotearoa New Zealandreport, released by her Chief Science Advisor ...
    BeehiveBy beehive.govt.nz
    6 hours ago
  • International student enrolments grow in universities and the regions
    International education continues to thrive as the Government focuses on quality over quantity, Education Minister Chris Hipkins said. The tuition revenue from international education increased to $1.16 billion last year with the average tuition fee per student increasing by $960. The total number of international students enrolled in New Zealand ...
    BeehiveBy beehive.govt.nz
    21 hours ago
  • DHB leadership renewed and strengthened
    Health Minister Dr David Clark says new appointments to DHBs represent a significant changing of the guard, with 13 new chairs including four Māori chairs. Today 76 appointments have been announced to complement elected board members, as well as eight elected members appointed as either chair or deputy chair.  Four ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Tabuteau to advance New Zealand’s trade and political interests with European partners
    Parliamentary Under-Secretary for Foreign Affairs, Fletcher Tabuteau, is travelling to Germany, Poland, Austria, and Spain next week to bolster New Zealand’s political and trade relationships in Europe. While in Spain, Mr Tabuteau will represent New Zealand at the 14th Asia-Europe (ASEM) Foreign Ministers’ Meeting in Madrid. “New Zealand strongly supports ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Statement from the Prime Minister on Kris Faafoi
    “I’ve spoken to Minister Faafoi, who has apologised for his poor handling of this issue,” Jacinda Ardern said. “I have confidence in Kris as a hardworking and effective Minister, but this should have been dealt with in a much clearer manner, and I’ve made my views on that very clear ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Tonga-New Zealand Joint Ministerial Forum
    Deputy Prime Minister Winston Peters met with Tongan Prime Minister and Foreign Minister Pohiva Tu'i'onetoa in Wellington today. The pair signed a Statement of Partnership setting out joint priorities for cooperation out to 2023.  “We welcomed Prime Minister Tu'i'onetoa on his first visit to New Zealand as Prime Minister. Tonga ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Shooting in Kurow
    The Minister of Police Stuart Nash says his sympathies are with the family of a man who died after being shot by Police in Kurow. “Initial reports are that Police were called by a family member to help the man who was threatening to harm himself,” Mr Nash says. “However ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Govt supports Southland farmers in sustainability
    Healthier waterways, better productivity and farmer wellbeing are front and centre in a new project involving more than 1000 Southland farmers and growers. Minister of Agriculture Damien O’Connor today announced that the Thriving Southland Change and Innovation Project is the first region-wide extension programme supported by the $229 million Sustainable ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Flood of support for Top of the South catchment
    Work to look after nature and restore freshwater quality in Te Hoiere/Pelorus River catchment is getting a significant boost, thanks to new Government funding support Minister for Conservation Eugenie Sage announced in Canvastown today. “Every New Zealander should be able to swim in their local river without getting sick, and ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Eight Queen’s Counsel appointed under new criterion
    Eight Queen’s Counsel have been appointed under a process that includes the new criterion of a commitment to improving access to justice, Attorney-General David Parker announced today. “The new criterion was included this year. It emphasises that excellence and leadership in the profession can be seen through a wider, community ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Major expansion for Wellington’s Onslow College
    Onslow College in Wellington will get 20 new classrooms for more than 400 students, Education Minister Chris Hipkins announced today. The much-needed investment will relieve growth pressure the school has been experiencing for some time. Seven existing classrooms which have deteriorated over time will also be replaced, bringing the total ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Talented young Kiwis awarded PM’s Scholarships to Asia and Latin America
    More than 250 young New Zealanders will add international experience to their education, thanks to the latest Prime Minister’s Scholarships for Asia (PMSA) and Latin America (PMSLA), Education Minister Chris Hipkins announced today. This round of scholarships supports 252 recent graduates or current students to undertake study, research or internships ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Government to improve competitiveness and transparency in the retail fuel market
    Consumers will benefit from a more competitive, transparent retail fuel market as a result of changes the Government will be making in response to the findings of the Commerce Commission’s study of the fuel sector. “We accept the Commission’s findings and, as the Prime Minister has said, we’re ready to ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • More cancer medicines for more people
    Five new cancer medicines have now been funded this year, meaning thousands of people have more treatment options PHARMAC has today announced that it has approved two new medicines for funding – fulvestrant for breast cancer and olaparib for ovarian cancer. This follows earlier decisions on advanced lung cancer treatment alectinib, ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Government acts to sort out electoral ‘coin toss’ problem
    The Minister of Local Government, Hon Nanaia Mahuta says the Government will consider making changes to local electoral legislation before the 2022 elections to fix the problems that have arisen where elections are settled by a coin toss.  The Minister says the recount process in the Murupara- Galatea ward at ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • NZ to Join IMO Convention to Reduce Ship Emissions
    New Zealand will sign up to new international maritime regulations to reduce ship emissions and lift air quality around ports and harbours, Associate Transport Minister Julie Anne Genter announced today. Subject to completion of the Parliamentary treaty examination process, New Zealand will sign up to Annex VI of MARPOL, an ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Bill to empower urban development projects
    New legislation to transform our urban areas and create sustainable, inclusive and thriving communities will tomorrow be introduced to Parliament, Urban Development Minister Phil Twyford said. “The Urban Development Bill gives Kāinga Ora-Homes and Communities the tools it needs to partner with councils, communities, mana whenua and private developers to ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Early Learning Action Plan to kickstart long term change
    Today’s launch of He taonga te Tamaiti: Every child a taonga: The Early Learning Action Plan 2019-2029 provides the foundation for long-lasting changes to early learning, Education Minister Chris Hipkins says.   “Early learning will be one of the Government’s top education priorities going into 2020,” Chris Hipkins said.   ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Climate change lens on major Government decisions
    Major decisions made by the Government will now be considered under a climate change lens, Minister for Climate Change James Shaw announced today. “Cabinet routinely considers the effects of its decisions on human rights, the Treaty of Waitangi, rural communities, the disability community, and gender – now climate change will ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • New Tertiary Education Commission Board announced
    Education Minister Chris Hipkins today announced the appointment of Māori education specialist Dr Wayne Ngata and Business NZ head Kirk Hope to the Board of the Tertiary Education Commission (TEC). Dr Alastair MacCormick has been reappointed for another term. “Wayne Ngata, Kirk Hope and Alastair MacCormick bring a great deal ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Next phase of Pike River recovery underway in time for Christmas
    The next phase of the Pike River Re-entry project is underway, Minister Responsible for Pike River Re-entry Andrew Little says. “Fresh air will be pumped into the Pike River Mine drift this week, following acceptance of the plan for re-entry beyond the 170m barrier by New Zealand’s independent health and ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Insurance contracts to become easier to understand and fairer for consumers
    New Zealand consumers will have greater certainty about their insurance cover when they need to make claims as a result of proposed government changes. “Insurance is vitally important in supporting consumers and businesses to be financially resilient when unexpected events happen,” Minister of Commerce and Consumer Affairs Kris Faafoi said. ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • A new opportunity for Ngāpuhi collective and regional negotiations
    The Crown is providing an opportunity for the hapu of Ngāpuhi to rebuild its framework from the ground up for collective negotiations to deal with its historical Treaty claims, Minister for Treaty of Waitangi Negotiations Andrew Little and Minister for Māori Development Nanaia Mahuta announced today. The Crown is also ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Referendums Framework Bill passes third reading
    A Bill enabling referendums to be held with the 2020 General Election has passed its third reading. Justice Minister Andrew Little says the Act is important for upholding the integrity of New Zealand’s electoral process. “The Government has committed to holding a referendum on legalising recreational cannabis at the next ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Referendums website and initial cannabis Bill launched
    The first release of public information on the two referendums to be held at next year’s General Election was made today with an informative new Government website going live. Additionally, the draft Cannabis Legalisation and Control Bill has been released, showing the strict controls on cannabis that will apply if ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Government to ban foreign donations
    The Government is taking action to protect New Zealand from foreign interference in our elections by banning foreign donations to political parties and candidates, Justice Minister Andrew Little announced today. Legislation will be introduced to Parliament this afternoon and passed under urgency. “There’s no need for anyone other than New ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Governments and tech converge to strengthen joint response to online terror events
    Governments and tech companies are holding a two-day workshop, hosted by YouTube/Google in Wellington, to test the Christchurch Call Shared Crisis Response Protocol. The workshop aims to refine and strengthen the response in the event of a terrorist attack with online implications. Companies, governments, civil society experts and NGOs will ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Cancer Control Agency to drive improved care
    The new independent Cancer Control Agency has formally opened today, delivering on the Government’s plan to improve cancer care in New Zealand.         Prime Minister Jacinda Ardern and Minister of Health David Clark marked the occasion by announcing the membership of the Advisory Council that will be supporting ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Supporting small business to prosper
    Small businesses who deal with government departments are set to be paid faster and have improved cash flow as a result, under a new strategy released today. The Government is backing recommendations from the Small Business Council (SBC) and has agreed to implement three initiatives immediately to support business and ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Bill has biggest education changes in decades
    The Education and Training Bill 2019, introduced in Parliament today, proposes the biggest education changes in decades and is an important step towards improving success for all our learners, Education Minister Chris Hipkins said. “The Bill’s rewrite of education legislation is long overdue. Indeed one Education Act, parts of which ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Bali Democracy Forum to focus on democracy and inclusivity
    Minister for Pacific Peoples Aupito William Sio will travel to Bali to represent New Zealand at the 12th Bali Democracy Forum that will be held on the 5-6 December. “The Forum is a valuable opportunity for Asia-Pacific countries to share experiences and best practice in building home-grown democracy and fostering ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Innovative technology and tools to better manage freedom camping
    A package of new and expanded technology and other tools will encourage responsible camping and help communities and local councils better manage freedom camping this summer, Tourism Minister Kelvin Davis announced today. “Our Government has been investing to improve the freedom camping experience for everyone because we want to support ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Improving wellbeing by understanding our genes
    The government is laying the groundwork to understanding our genes – work that can help us tackle some of our biggest health challenges, like heart disease and diabetes, says Research, Science and Innovation Minister Megan Woods. $4.7 million has been invested in the Genomics Aotearoa Rakeiora programme. The programme will ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Government investing to future proof school property
    Nearly every state schools will receive a capital injection next year valued at $693 per student to bring forward urgent school property improvements, Prime Minister Jacinda Ardern and Education Minister Chris Hipkins announced today.  The one-off cash injection is the first project to be announced from the Government’s infrastructure package ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Infrastructure investments to be brought forward
    The Government has decided to bring forward major investments in New Zealand’s infrastructure to future proof the economy. “Cabinet has agreed to a significant boost to infrastructure investment. I have directed the Treasury to help bring together a package of projects that can be brought into the Government’s short and ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Future-proofing New Zealand
    It is a great pleasure to be with you today in Whanganui. Like the Prime Minister I grew up with the TV clip of Selwyn Toogood booming “What do you say Whanganui, the money or the bag?” to an unsuspecting ‘It’s in the Bag’ audience. For those under the age ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New Zealand’s newest Great Walk, the Paparoa track opened – an asset for the West Coast
    New Zealand’s newest Great Walk, the Paparoa Track, was officially opened in Blackball today by the Minister of Conservation Eugenie Sage alongside the family members of the Pike 29 and Ngāti Waewae.  Local mayors and MP for the West Coast Hon Damien O’Connor were also in attendance. “Paparoa National Park ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • P-8A Poseidon base works commence
    Minister of Defence Ron Mark turned the first sod of earth on the infrastructure works for the new P-8A Poseidon fleet at RNZAF Base Ohakea today. “The Coalition Government’s investment in Ohakea will ensure the Royal New Zealand Air Force can manage, maintain and task the new fleet efficiently ahead ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Launch of the National Emergency Management Agency
    Civil Defence Minister Hon Peeni Henare today announced the establishment of the new National Emergency Management Agency from 1 December 2019.  The National Emergency Management Agency will replace the Ministry of Civil Defence & Emergency Management. It will be an autonomous departmental agency, hosted by the Department of the Prime ...
    BeehiveBy beehive.govt.nz
    1 week ago