46 Comments

Surely Landlord Luxon is far more conflicted with his ownership of 9 houses and by promoting NACT tax policies that will be of significant benefit to himself!

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Jun 6Liked by Bernard Hickey

Interesting to see Apple have gone with Mixed Reality vs Virtual Reality for their hype, very meta Meta.. Hopefully this is the final money bonfire in the space and we can get on with the much less cool but far more useful/achievable Augmented Reality

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Jun 6Liked by Bernard Hickey

You seem to imply Wood was wrong to turn down the North Shore airport proposal?

Given the real climate crisis and the need to cut air travel plus the lack of transport links to the NS, even worse than the one hour bus to the current airport the real question is how anyone could have recommended such a scheme in the first place?

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Jun 6Liked by Bernard Hickey

The January 1, 2025 deadline reminds me of the hard-Brexit deadline. "Don't worry, we'll figure out a much better deal before then" 😅

Given it's such a difficult political nut to crack the ETS purists might end up getting their way after all! I suppose whoever wins the election could amend legislation to extend the deadline, but that also seems politically unpalatable.

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Jun 6Liked by Bernard Hickey

I'm glad Bernard that you have brought up population growth (like it ready or not) driven by climate warming. James Renwick is probably right in his predictions. We can make the best of this. In around 2007 my husband and I attended a lecture by one John Key, lately of Merrill Lynch, who talked about New Zealand becoming another Singapore. So. Why wait? Invite wealthy climate refugees now, to invest in New Zealand so they can become citizens, but also contribute to New Zealand's wealth, with a view to providing the infrastructure that we need for population to grow, yet all be housed, fed, treated, educated and gainfully employed and make our economy become less of a basket case, too afraid politically to take climate change seriously. I like to look to the future and consider all possibilities rather than wallowing in past mistakes.

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Jun 6Liked by Bernard Hickey

Why do we think its okay to effectively ask farmers if they want to pay extra tax? Obviously they're going to say no. On an individual basis, it's bad for these people - it's only helpful at a population level.

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Todays Kaka just had me thinking of this great campaign driven organiation in the UK. The name is kind of appropriate.....(It's a ref from WW2 what soldiers referred to their officers)

https://en.wikipedia.org/wiki/Led_By_Donkeys

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Jun 7Liked by Bernard Hickey

It is essential that completely sufficient housing and infrastructure are constructed BEFORE increasing New Zealand's population and this requirement must continue until the end of planet earth.

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Jun 7Liked by Bernard Hickey

Just wanted to note about running out of time on climate change. The scientific community was saying this was a problem in the 1980s. We HAD time to make changes but economists said “nah bro we’ve got this covered” and so politicians did squat. Well it’s four decades later and the economists were full of shit. Now we have to deal with real science to solve the problem and there IS NO TIME. Because everyone ignored the scientific community when we had time. So excuse me if I have no patience when folks say “gosh I wish had more time to deal with this”.

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Jun 7Liked by Bernard Hickey

Fascinating 'Chart of the Day' re Biden giving one third $ T in subsidies to a range of industries & this produces growth & jobs for the sectors of Health Care, Commercial, Educational & Manufacturing, just like the New Deal did in the early 1930's. Who'd have thought? If the equivalent had happened here, the neolibs would be screaming their tits off - 'we can't afford it', 'crushing future generations with debt', 'boosting inflation', etc. Bernie Sanders & AOC were the US politicians promoting the Green Industrial Policy subsidies. I wish to god we had some NZ MP's like them.

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A few comments on turning NZ into Singapore. It will be instructive to watch a few interviews with Lee Kuan Yew. He was mentor to Deng Xiaopeng who started the meteoric rise of China which has pulled 800 million people out of poverty. In contrast John Key, ex Merryl Lynch currency trader, was known as the Silent Assassin. The rich got richer and the poor got poorer.

https://www.worldbank.org/en/news/press-release/2022/04/01/lifting-800-million-people-out-of-poverty-new-report-looks-at-lessons-from-china-s-experience

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So Wayne Walker can vote on the Auckland Airport share sale with a $3M conflict of interest but Michael Wood has to sell his shares worth $13,000 🤔

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I’m a bit behind on my podcasts but WRT climate migrants - I’ve been watching the Apple TV+ show “extrapolations”.

The first 3 episodes are “ok” with some naff writing, mostly covering climate affects on civil unrest, marine life and sea level, but the ones set on 2059 are a lot better covering geoengineering and some of the effects in places like India of wet-bulb temps in the low 30s. (It’s a drama not a doco)

Hoping the writing trend continues for the last 3 - the effects are accurate even if the words are cringeworthy at times. Same creator as Contagion which was WAY too accurate ...

Could be worth a look for those interested in how it might be projected out.

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