CTU says National's tax cuts would give almost half of $11.1b of lower PAYE taxes and landlord tax breaks to top 10%; National denies this, saying it hasn't released detail; Willis attacks Orr too
One question as to Windfall Taxes, since excessive profit making is as much a failure of pure market economics as is the failure to meet demand, should the effort put into Windfall taxation be but into a significantly more active & aggressive Commerce Commission policing of excess profit taking by businesses, banks & landlords?
BTW
On RNZ 10:05 From big tech to big supermarkets: why monopolies have a vice-like grip
"Whether it's big tech, big pharma or big supermarkets , Sally Hubbard argues monopolies have a vice-like grip on our lives. She is an antitrust expert and Director of Enforcement Strategy at the US Open Markets Institute. She served as an Assistant Attorney General in New York's Antitrust Bureau, and is the author of new book Monopolies Suck. Ms Hubbard argues that a monopolized economy works for only a select few, and leave the rest feeling left out and left behind. She says industry self regulation has been failure and monopolies actually stifle innovation."
This analysis shows what we all know is always done the poor and working classes will bear the brunt and costs of any recession despite the wealthiest being able to tolerate the hits and women and children being the least resilient. This country specifically (but many others as well) demands women do all the reproductive labour, without adequate support, then are often the ones most expected to care and work and provide for family while barely having reproductive rights and getting worse. Until this is addressed, just like the $20 m victim support fund being diverted to male perpetrators, in the news this week, instead of their intended victims half the population and our children remain structurally disadvantaged despite laws and funding to relieve this disparity and inequity. So superficially everything looks bad for people but it’s actually much, much worse and will keep women and children as the majority being oppressed, exploited and denied rights and their own resources. As with everything the perpetrators are clear it’s who benefits from this exploitation. Which is not complicated in the slightest just like both parties policies hardly scratching the surface, lots of hot air and benefits and welfare (and the privilege of theft and sleight of hand as in funds set up to do the opposite of what the blokes do with it or fail to do anything) to the most vulnerable continuing business as usual. None of it is as complicated as Government, business or even Unions and lobby groups like to make it sound it’s just men in charge of them all and wanting to keep their privilege and entitlement to neglect control or abuse women and children whenever and however they want and without consequence, sheltered and in fact being literally rewarded for it. It’s all disgraceful and obvious.
Great photo Lyn - just popping down town near Dior. I forget that world inhabited by the few. If Ukrainians can use their brains to combat the Russian army, can we not find a way to use our brains to combat the world of the wealthy? I keep living in hope and we keep not getting there. Yet!
In the red corner, we have a government who created excessive profits for companies as a result of their covid policies (and endless suffering for others that wouldn’t have happened with different policies). They told grocers to close and sent everyone to supermarkets, for example. They then pretend these profits were made in a free market. 2020 and 2021 were extraordinary years. An extraordinary windfall tax is logical.
As for companies not being asked to pay back benefit payments they didn’t need, isn’t this some form of corruption? We have to ask why? With no satisfactory answers, we have to question what’s in it for the politicians involved.
In the other corner, the blue corner, we have the opposition who want to further entrench inequality and strengthen already powerful vested interests. But that’s what the red corner is already doing. Wait a minute, is this fight all for show?
At least with inflation of things other than rent more people are feeling the pain and think that maybe this current red-blue duopoly is not a good thing for our country.
release it Bernard please
Patrick Medlicott
Seems the funky macros in the old Goldsmith spreadsheet live on
One question as to Windfall Taxes, since excessive profit making is as much a failure of pure market economics as is the failure to meet demand, should the effort put into Windfall taxation be but into a significantly more active & aggressive Commerce Commission policing of excess profit taking by businesses, banks & landlords?
BTW
On RNZ 10:05 From big tech to big supermarkets: why monopolies have a vice-like grip
https://www.rnz.co.nz/national/programmes/ninetonoon/20221102
"Whether it's big tech, big pharma or big supermarkets , Sally Hubbard argues monopolies have a vice-like grip on our lives. She is an antitrust expert and Director of Enforcement Strategy at the US Open Markets Institute. She served as an Assistant Attorney General in New York's Antitrust Bureau, and is the author of new book Monopolies Suck. Ms Hubbard argues that a monopolized economy works for only a select few, and leave the rest feeling left out and left behind. She says industry self regulation has been failure and monopolies actually stifle innovation."
Thanks Bernard. Wow, 4.5% drop in the quarterly house price index. Greater than the GFC record.
Somehow I remember in July prices were "stabilising." I also remember the estimate when it was 10%. Then 15%. Now 18%. Do I hear 20?
Any my favourite part, from the Nick Goodall quote: "..., yet."
This analysis shows what we all know is always done the poor and working classes will bear the brunt and costs of any recession despite the wealthiest being able to tolerate the hits and women and children being the least resilient. This country specifically (but many others as well) demands women do all the reproductive labour, without adequate support, then are often the ones most expected to care and work and provide for family while barely having reproductive rights and getting worse. Until this is addressed, just like the $20 m victim support fund being diverted to male perpetrators, in the news this week, instead of their intended victims half the population and our children remain structurally disadvantaged despite laws and funding to relieve this disparity and inequity. So superficially everything looks bad for people but it’s actually much, much worse and will keep women and children as the majority being oppressed, exploited and denied rights and their own resources. As with everything the perpetrators are clear it’s who benefits from this exploitation. Which is not complicated in the slightest just like both parties policies hardly scratching the surface, lots of hot air and benefits and welfare (and the privilege of theft and sleight of hand as in funds set up to do the opposite of what the blokes do with it or fail to do anything) to the most vulnerable continuing business as usual. None of it is as complicated as Government, business or even Unions and lobby groups like to make it sound it’s just men in charge of them all and wanting to keep their privilege and entitlement to neglect control or abuse women and children whenever and however they want and without consequence, sheltered and in fact being literally rewarded for it. It’s all disgraceful and obvious.
Great photo Lyn - just popping down town near Dior. I forget that world inhabited by the few. If Ukrainians can use their brains to combat the Russian army, can we not find a way to use our brains to combat the world of the wealthy? I keep living in hope and we keep not getting there. Yet!
In the red corner, we have a government who created excessive profits for companies as a result of their covid policies (and endless suffering for others that wouldn’t have happened with different policies). They told grocers to close and sent everyone to supermarkets, for example. They then pretend these profits were made in a free market. 2020 and 2021 were extraordinary years. An extraordinary windfall tax is logical.
As for companies not being asked to pay back benefit payments they didn’t need, isn’t this some form of corruption? We have to ask why? With no satisfactory answers, we have to question what’s in it for the politicians involved.
In the other corner, the blue corner, we have the opposition who want to further entrench inequality and strengthen already powerful vested interests. But that’s what the red corner is already doing. Wait a minute, is this fight all for show?
At least with inflation of things other than rent more people are feeling the pain and think that maybe this current red-blue duopoly is not a good thing for our country.