Govt cash granted to businesses since Covid will top $20b and home-owning household wealth is set to rise by $872b; while disposable incomes of renting and working families and beneficiaries stagnate
Women and children don’t even get their legal and human rights enforced now and business is interested in only in themselves. Government is there to counter their bottomless greed not add to it. Sickening and superficial for a Labour Government. Based on none of their tradition as usual. As for National we are all stuffed with the bankers puppets in charge. I can smell the sexism on their breath. What are they thinking? Not much clearly.
I enjoyed your questions…they are “cads”. Different levels of rights for different people bloody appalling. “Overpayment” to beneficiaries who are not getting either enough or their rights to support in law is just so insulting to hardworking Mothers (usually) raising the next generation full time and more. Outrageous.
The rekovery reminds me of capitalism in the aftermath of World War II. During the war the US Telecom giant of the day, ITT, made massive profits from its subsidiary Standard Telephone Corporation, developer of radar technology in the UK. ITT’s German subsidiary, C Lorenz, owned 25% of Folke-Wulf aeroplanes. These were destroyed using STC radar as they bombed UK industry and people. Another German subsidiary of ITT, developed radar for the Nazi regime and helped sink allied shipping. After the war, ITT won a payout of $27m, quite a sum in the day, from US government for damages their German subsidiary sustained when American planes bombed Folke-Wulf factories. When you lose you win. Don’t you just love capitalism! And its subservient governments 😖
Hi Bernard. I enjoy reading your daily emails with the insights you provide but the more you provide free for non paying readers the more I wonder why I would continue paying in the future...
Thanks Bernard, It’s frustrating as to what our system has devolved into ie Corporate Socialism “privatise profits socialise losses” it’s Bulls&$t! Anyone who supports this doesn’t know what capitalism is! Businesses need to be able to go broke if they get into that situation. This refreshes things and hits the reset. Where we’re heading is some sort of Feudal oligarchy.
I wish you had had time to squeeze in at the end of question time with Grant Robertson, something to the effect of ... "so how we (the government) treat you will depend on how big you are from a commercial point of view. If you are a recipient of our generosity, we will decide if you have been overpaid or not and there will be consequences if you don't pay up. If you are an entity in business for the profit of yourselves and/or your shareholders (and you may or may not also employ tax paying employees), you can decide if you have been overpaid and if you decide you have not been, there will be no consequences". It sort of reminds me of the Gallipoli campaign. The Officers sent the infantry up the hill to certain death while they sat in ships just off those tragic beaches, enjoying a G & T.
It is distressing to compare the $20 billion this Labour government has showered on businesses with the risible $13.2 million a year it would cost it to restore the income-related rent subsidy to Wellington council tenants. The subsidy, still paid to state house tenants and community house tenants, was withdrawn in 2013 by the National government in a political move to force local bodies to end their social housing. This government, now in office four years, has still failed to restore the subsidy. I read that it's 'thinking' about it.
Matthew Hooton in October in his paywalled Herald column argued that MMP has given us government by Tweedledum and Tweedledee. It seems he is right: this Labour government continues the oppression of the dispossessed as surely and efficiently as its National competitor.
Great again Bernard how a labour government has let the capitalists run the henhouse for their own benefit and the property owners while the bottom suffers and wealth inequality grows apace. Subsidise the capitalists to save the working peoples jobs. Yeah right! It gets passed on to the shareholders because it was given to business and not their staff and as business does it has “Shonked “) named after Shon Key) the money away to those that least need it and already are wealthy. Modern day slavery for the bottom 20% edges even closer. I saw on netflix the other night a wealthy American who couldnt climb Everest because of a Sherpa Boycott. He was furious and asked”who owns these people”. Not far away?
What if 2020, and 2021 was only a means test for what's to come in 2022. I worry, that we wouldn't be prepared for a COVID 2.0 where a pandemic doubles down.
Curious to know if there is a debt ceiling, or limit on borrowing. I'd like to think the "Bank" would treat Hon. Grant Robertson the same as me. Supporting what's fair and reasonable. And the rekovery is far from that.
I do want something to hope for, as Big Norm would put it, but reading this article just has me troubled and a less aspirational kiwi bloke than I was yesterday. Reality hitting me in the face having not jumped on the band wagon of the greatest wealth transfer in our time, thinking there was always a better way, and for things not going from already gone from unfavourable to bad. Though it could be worse.. right?
Women and children don’t even get their legal and human rights enforced now and business is interested in only in themselves. Government is there to counter their bottomless greed not add to it. Sickening and superficial for a Labour Government. Based on none of their tradition as usual. As for National we are all stuffed with the bankers puppets in charge. I can smell the sexism on their breath. What are they thinking? Not much clearly.
I enjoyed your questions…they are “cads”. Different levels of rights for different people bloody appalling. “Overpayment” to beneficiaries who are not getting either enough or their rights to support in law is just so insulting to hardworking Mothers (usually) raising the next generation full time and more. Outrageous.
The rekovery reminds me of capitalism in the aftermath of World War II. During the war the US Telecom giant of the day, ITT, made massive profits from its subsidiary Standard Telephone Corporation, developer of radar technology in the UK. ITT’s German subsidiary, C Lorenz, owned 25% of Folke-Wulf aeroplanes. These were destroyed using STC radar as they bombed UK industry and people. Another German subsidiary of ITT, developed radar for the Nazi regime and helped sink allied shipping. After the war, ITT won a payout of $27m, quite a sum in the day, from US government for damages their German subsidiary sustained when American planes bombed Folke-Wulf factories. When you lose you win. Don’t you just love capitalism! And its subservient governments 😖
Hi Bernard. I enjoy reading your daily emails with the insights you provide but the more you provide free for non paying readers the more I wonder why I would continue paying in the future...
Cheers Philip
Thanks Bernard, It’s frustrating as to what our system has devolved into ie Corporate Socialism “privatise profits socialise losses” it’s Bulls&$t! Anyone who supports this doesn’t know what capitalism is! Businesses need to be able to go broke if they get into that situation. This refreshes things and hits the reset. Where we’re heading is some sort of Feudal oligarchy.
I wish you had had time to squeeze in at the end of question time with Grant Robertson, something to the effect of ... "so how we (the government) treat you will depend on how big you are from a commercial point of view. If you are a recipient of our generosity, we will decide if you have been overpaid or not and there will be consequences if you don't pay up. If you are an entity in business for the profit of yourselves and/or your shareholders (and you may or may not also employ tax paying employees), you can decide if you have been overpaid and if you decide you have not been, there will be no consequences". It sort of reminds me of the Gallipoli campaign. The Officers sent the infantry up the hill to certain death while they sat in ships just off those tragic beaches, enjoying a G & T.
It is distressing to compare the $20 billion this Labour government has showered on businesses with the risible $13.2 million a year it would cost it to restore the income-related rent subsidy to Wellington council tenants. The subsidy, still paid to state house tenants and community house tenants, was withdrawn in 2013 by the National government in a political move to force local bodies to end their social housing. This government, now in office four years, has still failed to restore the subsidy. I read that it's 'thinking' about it.
Matthew Hooton in October in his paywalled Herald column argued that MMP has given us government by Tweedledum and Tweedledee. It seems he is right: this Labour government continues the oppression of the dispossessed as surely and efficiently as its National competitor.
Great again Bernard how a labour government has let the capitalists run the henhouse for their own benefit and the property owners while the bottom suffers and wealth inequality grows apace. Subsidise the capitalists to save the working peoples jobs. Yeah right! It gets passed on to the shareholders because it was given to business and not their staff and as business does it has “Shonked “) named after Shon Key) the money away to those that least need it and already are wealthy. Modern day slavery for the bottom 20% edges even closer. I saw on netflix the other night a wealthy American who couldnt climb Everest because of a Sherpa Boycott. He was furious and asked”who owns these people”. Not far away?
Patrick Medlicott
Another little something I whipped up, I have no other words https://imgflip.com/i/5w0oe3
What if 2020, and 2021 was only a means test for what's to come in 2022. I worry, that we wouldn't be prepared for a COVID 2.0 where a pandemic doubles down.
Curious to know if there is a debt ceiling, or limit on borrowing. I'd like to think the "Bank" would treat Hon. Grant Robertson the same as me. Supporting what's fair and reasonable. And the rekovery is far from that.
I do want something to hope for, as Big Norm would put it, but reading this article just has me troubled and a less aspirational kiwi bloke than I was yesterday. Reality hitting me in the face having not jumped on the band wagon of the greatest wealth transfer in our time, thinking there was always a better way, and for things not going from already gone from unfavourable to bad. Though it could be worse.. right?