52 Comments
Feb 18Liked by Bernard Hickey

Sorry landlords, it's tough love, can't meet the promise, won't apologise.

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Feb 18Liked by Bernard Hickey

There’s a rule of thumb for calculating the doubling time for anything subject to compound growth, divide 70 by the growth rate. So at a rate of 2.8% we can see that the population would double in only 25 years. I feel this would horrify most given the already parlous state of our infrastructure.

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Feb 18Liked by Bernard Hickey

Pleased that you clarified the 'universal' pension at 65 years. In 20th C, the 'old age' pension was available at 60 years but was means tested. Anyone could claim 'universal' pension at 65 years. When the age of eligibility was raised from 60 to 65 over time, the result was all retirees were now on 'universal' non means tested pension.

It should be recalled that there was a separate taxation fund to pay old age pensions in mid 20thC.

My memory is that disappeared into Consolidated Gov coffers during Muldoon years.

If my memory is inaccurate love to know.

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Feb 18Liked by Bernard Hickey

Just a quick reminder that, before Erica Stanford was making breathless drama out of how just how bad the mess left behind by the previous government is, she was a reality TV producer.

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The state of the nation speech is rehearsing the justifications for austerity for bottom feeders to pay for the absolutely necessary corporate welfare for landlords and income tax reductions for those on higher incomes.

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"understand what our absorptive capacity is"

This sounds pretty close to an estimate of how much we can grow.

Are we finally about to get an official population growth estimate/target?

I'm not holding my breath because Immigration Ministers in the past haven't given estimates, and she could still walk it back, but I'd be impressed if she went there.

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Feb 18Liked by Bernard Hickey

The problem with the absorb-ative capacity is I don’t feel we’ve absorbed the previous decades growth to deal with the current growth.

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The rhetoric sure smells a lot like Rogernomics/Ruthenasia...

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Feb 19Liked by Bernard Hickey

Interested in this statement ex RNZ this morning Bernard, reality or marketing?

Willis said the previous government had changed the way they measured the country's debt and it resulted in making it look about 20 points lower than what it should have been.

"It's now heading to about 44 percent of our GDP - that's really high by New Zealand's historic standards."

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I realise this is off point but I can remember when Argentina was one of the richest nations in the world. Now it is a basket case and it has a nutty economist - in the style of Luxon - as its leader. Now do we really want to go down that road?

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Feb 19Liked by Bernard Hickey

'Hot-bedding' like the awful trend towards hot desking has always been around for shift workers. I have a friend who regaled me of a particularly grim year he shared a single mattress in a cupboard under the stairs (Harry Potter like). He had it for nights and a nightclub worker had it during the day. It was $20/week in the 90's in notoriously cold and damp Aro Valley. I'd hate this to become a regular occurrence in NZ. I still have the asthma that started in a mouldy student flat 25 years ago.

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Feb 19Liked by Bernard Hickey

Don't necessarily agree with her but Erica Stanford struck me as reasonably competent.

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Feb 19Liked by Bernard Hickey

Thanks Bernard.

The second and third paras of TL;DR is a wonderfully concise explanation of how we got to be paddlesless up this particular creek with this particular economic situation.

And the remedy certainly isn’t lower tax rates for the mythical squeezed middle.

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until all New Zealand citizens and residents are properly housed then any immigration is too much (with possibly a few exceptions eg medical practitioners)

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How can a government expect to be taken seriously when it talks so emphatically of retaining a universally applied guaranteed income for anyone over the age of 65 - no matter their level of income - And in the very next breath declare an all-out-war on anyone under the age of 65 who is disabled, disadvantaged and poor?

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Feb 19Liked by Bernard Hickey

In 1964 they held a “meeting planning for the million” conference to mark the celebrations of Auckland reaching 500k residents. Tellingly, Dove Myer Robinson gave the opening speech.

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