Businesses call for certainty on Govt-funded anchor projects, such as Nelson Hospital; National’s debt-funded investments in UFB, RONS & CRL of 2009-2016 cited; National eyes abolishing Epsom
Foreign buyers of residential properties should be allowed only if they have invested in productive economy and become nz residents for tax purposes. You know actually move here…
Hypothetically, if ‘growth’ is an impossibility now, due to the physical restraints of the earth, what could this government do to improve the lives of everyone? Because, I don’t think this is a hypothetical scenario.
Why are adults still believing in classical economic fairytales?
Edit to add: yes borrowing will give a short injection of perceived growth. But it just hastens the scarcity of materials too.
The NACTNZF Government say we are going follow 'The Irish Model', so what is it.
Ireland was driven to the point of systemic financial system failure a little ahead of us, at the hands of the same Euro/American Privately owned investment banks as we are, with their systemic excess of computer entry credit than they know you can afford entrapment fraud.
Ireland has had stolen from it all of its assets, now in the hands of the privately owned investment bank co-owned corporations complex.
The last thing the Private Investment Bank Empire demanded of it was that it become a profit shifting tax haven for its corporations to assist in its continued attempted financial monopolisation of the world.
It has been the intention of John Key since arriving back in New Zealand after 20 years working in Wall Street Private Investment Banks to set New Zealand up as a profit shifting tax haven for them.
He could not make it happen in his time despite trying very hard, but from his ANZ Bank office which he moved to after Parliament he never gave up, now John Key mentored Chris Luxon is about to do for him what he couldn't.
Read these three articles to learn of the 'Irish Model':
Ireland is a big winner from corporate profit shifting - but are we the bad guys?
Politicians should have zero influence over electoral boundaries, the commission should act purely on the basis of their remit. It's concerning that their is even a hint that the National Party are trying to push an agenda. We are already losing ground on the OECD corruption and integrity monitor and this sort of thing would be another demerit point
I agree that this process shouldn’t, be politicised. The Republicans seem to be the gold standard when it comes to this sort of thing. Though I might suspend my principles just this once to give Seymour a black eye 😀
Back in the late eighties my wife and I purchased a house in Tauranga for around $89000. We had a combined income of about $60000. Ratio 1/1.5 if one of us was not working then about 1 to 3
Our interest rate was about 11.00%. Which was well manageable because we didn't need to borrow so much. Now when I look at that house and average salaries today you would be 1 to 4 or 5. For one salary you can double it. You hear real estate agents wanting 5% uplift a year. Seems the government is quite happy to let individuals borrow for houses which just makes us poorer. As opposed to borrowing to build infrastructure which can help investment and lead to real gains. Thirty plus years of that strategy and where has that got us. Unaffordable house prices lower incomes and less control over our own destiny. If we looked at our economy and wellbeing correctly, over the last thirty odd years you would see our GDP has been an illusion.
the first house I bought (was 1973) cost 4 times my income.
my current dwelling would be 16 times my current income if buying it now.
the extremely unaffordable price of a dwelling in NZ is one of the reasons hordes of people are leaving New Zealand. GREED has control of the current government.
Yes, I’ve never understood the logic of reducing people’s disposable income and siphoning off money to banks (and therefore offshore) and to landlords. The current economic system (rightly or wrongly) requires its citizens to buy stuff to keep money circulating. High rents and mortgages restrict this. The economic theory is that people will feel wealthier when house prices go up, so it’s apparently a good thing. Really?
The Salvation Army State of the Nation 2025 report (104 pages) is essential reading.
"The Opposition could not believe its luck. MPs merrily leaned off the edge of their seats and loudly shouted at Luxon: "They all got sacked"." cheered this grumpy old bloke, but did Luxon even realise what he had just done?
Selling houses to foreign investors will drive house prices up and worsen the housing crisis. Is this what they want.
Was fortunate enough to holiday at Bowentown in the bay of plenty recently. Sad to drive around and see all the grand homes that are occupied for a few weeks of the year while we have people who can't afford a home.
Perhaps a tax on empty houses could be useful. Holiday homes are no longer a Bach with only essentials. Why does anyone need 2 homes when another has none? Perhaps the homeless will decide to collectively take possession.
Are not property agents the biggest and most powerful lobbyists of all in Aotearoa New Zealand?
Safeguards like government ministers being bound by collective Cabinet decision-making and declarations of conflict of interest are already a joke given the average number of multiple properties owned by ministers of our government.
Seymour announcing his engagement to a property investor trader served neither as the desired distraction, but nor did it cause any concern - it's just government business as usual.
We’ve blasted through 100 likes in super quick time so I’ve opened this up for full public reading, listening and sharing. Thanks again to paying subscribers for your support.
The Salvation Army report on how poor families are struggling repeats again and again how the social justice policies of successive governments has brought about the division of the nation into two parts.
The level of inequality remains high with those who have wealth riding on the backs of those who have little.
This is the fundamental disease and governments try to deal with only the symptoms. Until we address that inequality as in say the Nordic countries have. then nothing will change and we will have produced a cohort of disadvantaged families for whom the future remains bleak.
BTW Bernard did you get the book I sent? The Spirit Level by Wilkinson and Pickett. Please read it people it shows the correlation between inequality and social disease.
Foreign buyers of residential properties should be allowed only if they have invested in productive economy and become nz residents for tax purposes. You know actually move here…
It's like being being forced onboard the Titanic while knowing what the future holds. 🎉
Hypothetically, if ‘growth’ is an impossibility now, due to the physical restraints of the earth, what could this government do to improve the lives of everyone? Because, I don’t think this is a hypothetical scenario.
Why are adults still believing in classical economic fairytales?
Edit to add: yes borrowing will give a short injection of perceived growth. But it just hastens the scarcity of materials too.
Because adults believe the stories that climate change isn't a thing (still!)
Re last National govt response to recesion. We also got a significant Keynesian stimulus through the Christchurch rebuild.
The NACTNZF Government say we are going follow 'The Irish Model', so what is it.
Ireland was driven to the point of systemic financial system failure a little ahead of us, at the hands of the same Euro/American Privately owned investment banks as we are, with their systemic excess of computer entry credit than they know you can afford entrapment fraud.
Ireland has had stolen from it all of its assets, now in the hands of the privately owned investment bank co-owned corporations complex.
The last thing the Private Investment Bank Empire demanded of it was that it become a profit shifting tax haven for its corporations to assist in its continued attempted financial monopolisation of the world.
It has been the intention of John Key since arriving back in New Zealand after 20 years working in Wall Street Private Investment Banks to set New Zealand up as a profit shifting tax haven for them.
He could not make it happen in his time despite trying very hard, but from his ANZ Bank office which he moved to after Parliament he never gave up, now John Key mentored Chris Luxon is about to do for him what he couldn't.
Read these three articles to learn of the 'Irish Model':
Ireland is a big winner from corporate profit shifting - but are we the bad guys?
https://www.thejournal.ie/apple-tax-ireland-bad-guys-6487439-Sep2024/
Ireland’s Tax Haven Economy Isn’t Delivering for Its People
https://jacobin.com/2024/05/ireland-tax-haven-policy-inequality
Apple owes $21b to Ireland in taxes after a sweetheart deal was deemed illegal. Would this happen in Australia?
https://www.abc.net.au/news/2024-09-11/apple-to-backpay-13b-euros-to-ireland-in-corporate-tax/104336492
Have any of Simeon Brown's roads of significance actually been started yet? Or was that all hot air?
Politicians should have zero influence over electoral boundaries, the commission should act purely on the basis of their remit. It's concerning that their is even a hint that the National Party are trying to push an agenda. We are already losing ground on the OECD corruption and integrity monitor and this sort of thing would be another demerit point
I agree that this process shouldn’t, be politicised. The Republicans seem to be the gold standard when it comes to this sort of thing. Though I might suspend my principles just this once to give Seymour a black eye 😀
Back in the late eighties my wife and I purchased a house in Tauranga for around $89000. We had a combined income of about $60000. Ratio 1/1.5 if one of us was not working then about 1 to 3
Our interest rate was about 11.00%. Which was well manageable because we didn't need to borrow so much. Now when I look at that house and average salaries today you would be 1 to 4 or 5. For one salary you can double it. You hear real estate agents wanting 5% uplift a year. Seems the government is quite happy to let individuals borrow for houses which just makes us poorer. As opposed to borrowing to build infrastructure which can help investment and lead to real gains. Thirty plus years of that strategy and where has that got us. Unaffordable house prices lower incomes and less control over our own destiny. If we looked at our economy and wellbeing correctly, over the last thirty odd years you would see our GDP has been an illusion.
the first house I bought (was 1973) cost 4 times my income.
my current dwelling would be 16 times my current income if buying it now.
the extremely unaffordable price of a dwelling in NZ is one of the reasons hordes of people are leaving New Zealand. GREED has control of the current government.
Yes, I’ve never understood the logic of reducing people’s disposable income and siphoning off money to banks (and therefore offshore) and to landlords. The current economic system (rightly or wrongly) requires its citizens to buy stuff to keep money circulating. High rents and mortgages restrict this. The economic theory is that people will feel wealthier when house prices go up, so it’s apparently a good thing. Really?
The Salvation Army State of the Nation 2025 report (104 pages) is essential reading.
"The Opposition could not believe its luck. MPs merrily leaned off the edge of their seats and loudly shouted at Luxon: "They all got sacked"." cheered this grumpy old bloke, but did Luxon even realise what he had just done?
Selling houses to foreign investors will drive house prices up and worsen the housing crisis. Is this what they want.
Was fortunate enough to holiday at Bowentown in the bay of plenty recently. Sad to drive around and see all the grand homes that are occupied for a few weeks of the year while we have people who can't afford a home.
"Is this what they want?"
they want to drive house prices up !!!
and they don't give a stuff about the housing crisis !!!
I reckon it’s the same in most holiday destinations. And is also of epidemic proportions in the UK where it is killing some towns.
Perhaps a tax on empty houses could be useful. Holiday homes are no longer a Bach with only essentials. Why does anyone need 2 homes when another has none? Perhaps the homeless will decide to collectively take possession.
Oh dear did I say that.
Are not property agents the biggest and most powerful lobbyists of all in Aotearoa New Zealand?
Safeguards like government ministers being bound by collective Cabinet decision-making and declarations of conflict of interest are already a joke given the average number of multiple properties owned by ministers of our government.
Seymour announcing his engagement to a property investor trader served neither as the desired distraction, but nor did it cause any concern - it's just government business as usual.
We’ve blasted through 100 likes in super quick time so I’ve opened this up for full public reading, listening and sharing. Thanks again to paying subscribers for your support.
Kia ora tatou.
The Salvation Army report on how poor families are struggling repeats again and again how the social justice policies of successive governments has brought about the division of the nation into two parts.
The level of inequality remains high with those who have wealth riding on the backs of those who have little.
This is the fundamental disease and governments try to deal with only the symptoms. Until we address that inequality as in say the Nordic countries have. then nothing will change and we will have produced a cohort of disadvantaged families for whom the future remains bleak.
BTW Bernard did you get the book I sent? The Spirit Level by Wilkinson and Pickett. Please read it people it shows the correlation between inequality and social disease.