Who do you think is driving them out? This far right regressive government who want to lower wages and sell us off to the lowest bidder.
Politics 🗳️ NZ Politics
- Thread starter wizard of Tauranga
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- #17,222
Stop listening to the left propaganda campaign about it only affecting ‘other people’
The Greens plan includes doctors, principals and even just normal average NURSES.
Stop spreading misinformation about it only affecting millionaires and billionaires.
An average registered nurse's pay will fall under Greens' tax plan
Plans come at an unfortunate time, with the Opposition protesting pay equity changes.
Question - given the original article was about the super rich in the uk, wtf are you on about?Stop listening to the left propaganda campaign about it only affecting ‘other people’
The Greens plan includes doctors, principals and even just normal average NURSES.
Stop spreading misinformation about it only affecting millionaires and billionaires.
An average registered nurse's pay will fall under Greens' tax plan
Plans come at an unfortunate time, with the Opposition protesting pay equity changes.www.nzherald.co.nz
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- #17,224
The NZ context and the Greens loopy tax’s that will do the same thing and drive people offshore:
‘The most recent Health NZ data shows 10,346 senior nurses, enrolled nurses, nurse practitioners and registered nurses earn above $125,000, enough to be stung by the taxes.’
The lefts tax and redistribute fails worldwide.
Looks like a young Mike Hosking
Hosking’s hair was never that good
- Thread starter
- #17,227
From the shaft the rich debate:
‘Newly released figures show Wellington’s average commercial rates bill is $47,881. That compares to $20,716 in Auckland, $18,059 in Christchurch, $24,768 in Hamilton, and $25,670 in Tauranga.’
‘Wellington businesses are paying about 48% of the city’s rates burden, compared with Auckland and Canterbury where that number is closer to 30%.‘
Wellington and Zimbabwe are great examples of left ideology at work - by the poor, for the poor and making everyone poorer.
Enjoy your empty shops, restaurants and bars Wellington as you teach those rich bastards a lesson and make ‘em pay their fair share…
www.nzherald.co.nz
‘Newly released figures show Wellington’s average commercial rates bill is $47,881. That compares to $20,716 in Auckland, $18,059 in Christchurch, $24,768 in Hamilton, and $25,670 in Tauranga.’
‘Wellington businesses are paying about 48% of the city’s rates burden, compared with Auckland and Canterbury where that number is closer to 30%.‘
Wellington and Zimbabwe are great examples of left ideology at work - by the poor, for the poor and making everyone poorer.
Enjoy your empty shops, restaurants and bars Wellington as you teach those rich bastards a lesson and make ‘em pay their fair share…
‘Struggling’: Wellington businesses paying $20k more in rates than other cities
Some fear it's driving business away, so why are Wellington's commercial rates so high?
NBR's Rich List for this year has come out. Unsurprisingly, the Nats and ACT are applauding the increase in the net worth of the Rich Listers, while the Greens are again using it as evidence to support their wealth tax policy. While I think we need to address the wealth transfer from the Boomers to the next generation, is it right to design your policy that would make registered nurses pay more in tax on the wealth of individuals and families who have over $100,000,000 in assets? I don't think there would be too many nurses on the Rich List.
There's one part of this article I don't understand.... they say that the combined net worth of the Rich Listers is over $100 billion but that the combined net worth of the 2 million NZ households is $2.4 billion. The only way I can see as to why it drops down so dramatically when the rest of the households are brought into the equation is because of the large amount of household debt that the rest of us have.
The National Business Review released its Rich List on Monday, an annual ranking of the estimated wealth of New Zealand’s richest people and families.
The list includes people or families whose worth is $100 million or more.
A large amount of that increase appears to have come from new people entering the list, rather than just existing rich-listers increasing their wealth. There were about a dozen new entries to the list, worth a collective $4.3b.
Their success was not reflected across the economy as a whole, with households going backwards in 2024.
Stats NZ household net worth figures for the December 2024 quarter, the most recent quarter for which data is available, shows the net worth of all of New Zealand’s roughly two million households sat at $2.44b – a decline of $4.2b over the year.
That figure does not account for inflation over the year, meaning the real damage to households is even greater.
Household net worth has been on the decline since 2021, largely thanks to the drop in the housing market, which is where a large amount of New Zealanders’ net worth is concentrated.
Prime Minister Christopher Luxon celebrated the list.
“Isn’t it fantastic that we have people with ambition and aspiration and positivity and we should be celebrating their success?” Luxon said.
“I know how hard people work in New Zealand and there have to be some pretty aspirational stories behind those stories,” he told RNZ’s Morning Report.
“It’s okay to celebrate success,” Luxon said, adding that he recognised other people were “doing it tough” and the Government was doing “everything we can as a Government to create conditions for growth”.
Green Party co-leader Chlöe Swarbrick said the list showed it was “time to tax wealth and build a country where all of us can thrive”.
“Poverty and homelessness doesn’t come from nowhere. They are created by inequality. Christopher Luxon has put his foot down on the accelerator. By design, the rich are getting much, much richer while the poor are getting much, much poorer,” Swarbrick said.
The Greens released an alternative Budget earlier this year that included $88b in additional taxes, including a 2.5% tax on net wealth over $2m ($4m for couples) and taxes on inheritance, trusts, companies, private jets, and increases in taxes paid by individuals.
Swarbrick cited research commissioned by the last Labour Government and conducted by the Inland Revenue Department (IRD) that showed the wealthiest New Zealanders paid an effective tax rate of 9.4% on their income. Treasury calculated a comparable tax rate for a “middle-wealth” Kiwi was 20.2% (including GST they pay and any benefits some might get).
The IRD research used a measure of “economic income” which has been controversial.
“We already know that the wealthiest households are able to arrange their finances to pay half the effective tax rate of regular New Zealanders. That means, proportionally, teachers, nurses, builders and firefighters pay more of their income to support our country’s infrastructure than the billionaires the Prime Minister has chosen to celebrate today,” Swarbrick said.
Brooke van Velden, the acting Act leader, said New Zealand should “celebrate success rather than demonise achievement”.
“Every person on this list has created value, whether through innovation, investment or leadership. That value flows into jobs, wages, tax revenue and opportunities for others,” van Velden said.
“The Greens think this success deserves to be punished. They claim they’re targeting the rich but even the average registered nurse would be taxed more by the Greens’ alternative Budget.
“I reject the politics of envy. Punishing success through higher taxes and wealth redistribution doesn’t make the country fairer, it makes it poorer. Our Government is focused on growing the economy, not dividing the economy and dividing New Zealanders.”
Labour’s finance spokeswoman Barbara Edmonds said the list showed an economy “out of balance”.
“While Kiwis are struggling with rising costs, the wealthiest few are doing better than ever under National,” Edmonds said.
“That tells us something’s out of balance. Instead of cutting women’s pay to help tobacco, gas and big tech companies, New Zealand needs a Government focused on providing well-paying jobs, good healthcare and affordable homes.”
www.nzherald.co.nz
There's one part of this article I don't understand.... they say that the combined net worth of the Rich Listers is over $100 billion but that the combined net worth of the 2 million NZ households is $2.4 billion. The only way I can see as to why it drops down so dramatically when the rest of the households are brought into the equation is because of the large amount of household debt that the rest of us have.
Rich List: Greens want to tax rich more, Act says NZ should celebrate hard work, innovation
The Green Party says the growth in wealth of New Zealand’s richest is evidence for tax reform, but the Prime Minister and the Act Party say a new ranking of the country’s wealthiest should be celebrated for shining a light on the rewards of success, hard work and innovation.The National Business Review released its Rich List on Monday, an annual ranking of the estimated wealth of New Zealand’s richest people and families.
The list includes people or families whose worth is $100 million or more.
A large amount of that increase appears to have come from new people entering the list, rather than just existing rich-listers increasing their wealth. There were about a dozen new entries to the list, worth a collective $4.3b.
Their success was not reflected across the economy as a whole, with households going backwards in 2024.
Stats NZ household net worth figures for the December 2024 quarter, the most recent quarter for which data is available, shows the net worth of all of New Zealand’s roughly two million households sat at $2.44b – a decline of $4.2b over the year.
That figure does not account for inflation over the year, meaning the real damage to households is even greater.
Household net worth has been on the decline since 2021, largely thanks to the drop in the housing market, which is where a large amount of New Zealanders’ net worth is concentrated.
Prime Minister Christopher Luxon celebrated the list.
“Isn’t it fantastic that we have people with ambition and aspiration and positivity and we should be celebrating their success?” Luxon said.
“I know how hard people work in New Zealand and there have to be some pretty aspirational stories behind those stories,” he told RNZ’s Morning Report.
“It’s okay to celebrate success,” Luxon said, adding that he recognised other people were “doing it tough” and the Government was doing “everything we can as a Government to create conditions for growth”.
Green Party co-leader Chlöe Swarbrick said the list showed it was “time to tax wealth and build a country where all of us can thrive”.
“Poverty and homelessness doesn’t come from nowhere. They are created by inequality. Christopher Luxon has put his foot down on the accelerator. By design, the rich are getting much, much richer while the poor are getting much, much poorer,” Swarbrick said.
The Greens released an alternative Budget earlier this year that included $88b in additional taxes, including a 2.5% tax on net wealth over $2m ($4m for couples) and taxes on inheritance, trusts, companies, private jets, and increases in taxes paid by individuals.
Swarbrick cited research commissioned by the last Labour Government and conducted by the Inland Revenue Department (IRD) that showed the wealthiest New Zealanders paid an effective tax rate of 9.4% on their income. Treasury calculated a comparable tax rate for a “middle-wealth” Kiwi was 20.2% (including GST they pay and any benefits some might get).
The IRD research used a measure of “economic income” which has been controversial.
“We already know that the wealthiest households are able to arrange their finances to pay half the effective tax rate of regular New Zealanders. That means, proportionally, teachers, nurses, builders and firefighters pay more of their income to support our country’s infrastructure than the billionaires the Prime Minister has chosen to celebrate today,” Swarbrick said.
Brooke van Velden, the acting Act leader, said New Zealand should “celebrate success rather than demonise achievement”.
“Every person on this list has created value, whether through innovation, investment or leadership. That value flows into jobs, wages, tax revenue and opportunities for others,” van Velden said.
“The Greens think this success deserves to be punished. They claim they’re targeting the rich but even the average registered nurse would be taxed more by the Greens’ alternative Budget.
“I reject the politics of envy. Punishing success through higher taxes and wealth redistribution doesn’t make the country fairer, it makes it poorer. Our Government is focused on growing the economy, not dividing the economy and dividing New Zealanders.”
Labour’s finance spokeswoman Barbara Edmonds said the list showed an economy “out of balance”.
“While Kiwis are struggling with rising costs, the wealthiest few are doing better than ever under National,” Edmonds said.
“That tells us something’s out of balance. Instead of cutting women’s pay to help tobacco, gas and big tech companies, New Zealand needs a Government focused on providing well-paying jobs, good healthcare and affordable homes.”
Greens argue rich list proves case for tax. Act disagrees
The Greens say the growing wealth is evidence for taxing the rich more.
Why is a rich list of any relevance to discussion around appropriate broader taxation policy in NZ? Those on it are a tiny fraction of our population & made up mostly of the absolute elite of innovators & risk takers. Other than applauding those on it I fail to see why it should generate further discussion. Unsurprising the Greens are jumping on it, but irrelevant.
It's relevant to how much tax is actually paid in terms of fairness and equity.
And sorry, but elite of innovators and risk takers? No surprise that I strongly disagree.
Laying the ground AGAIN for asset sales. Asset sales that will enrich the few and make life much worse off for all other new zealanders. As they did last time, and the time before that, and the time before that.
NZ Post under scrutiny as ministers demand better returns from SOEs
The government has issued stern warnings to a range of SOEs over poor performance, while quietly laying the groundwork for a future conversation about selling state assets.<br /> <br />
thespinoff.co.nz
Pity if they sold off LandCorp assets after the next election…. I’d rather they leased them off and made it a condition of the lease that the leaser has to allow farming students from Lincoln to study there.Laying the ground AGAIN for asset sales. Asset sales that will enrich the few and make life much worse off for all other new zealanders. As they did last time, and the time before that, and the time before that.
NZ Post under scrutiny as ministers demand better returns from SOEs
The government has issued stern warnings to a range of SOEs over poor performance, while quietly laying the groundwork for a future conversation about selling state assets.<br /> <br />thespinoff.co.nz
It's worth repeating - this government borrowed 12+ billion for tax cuts of 14 billion. Which also happens to be money that won't be injected back into, oh I don't know, health, education, welfare, police and armed forces, social investment, infrastructure and on and on and on.
Lost revenue on an already low tax basis.
So while some on here applaud the billionaires creaming it on the backs of other people's blood and misery, let's try and stick to the facts eh?
Willis borrows an extra $12b to pay for $14.7b of tax cuts
Willis unveils tax cuts offset by spending cuts and a plethora of new fees, but a weaker economy means Government is increasing net debt by $68.3b by mid-2028, which is $12b above December's forecast
Willis borrows an extra $12b to pay for $14.7b of tax cuts
Willis unveils tax cuts offset by spending cuts and a plethora of new fees, but a weaker economy means Government is increasing net debt by $68.3b by mid-2028, which is $12b above December's forecast
thekaka.substack.com
Click bait headline….. the title says that she’s already borrowed $14 billion but the article says she’s forecast to borrow it. Pity when the headline has too contradict the article in order to get people to click on it. Makes you wonder what else maybe wrong in it.It's worth repeating - this government borrowed 12+ billion for tax cuts of 14 billion. Which also happens to be money that won't be injected back into, oh I don't know, health, education, welfare, police and armed forces, social investment, infrastructure and on and on and on.
Lost revenue on an already low tax basis.
So while some on here applaud the billionaires creaming it on the backs of other people's blood and misery, let's try and stick to the facts eh?
Willis borrows an extra $12b to pay for $14.7b of tax cuts
Willis unveils tax cuts offset by spending cuts and a plethora of new fees, but a weaker economy means Government is increasing net debt by $68.3b by mid-2028, which is $12b above December's forecast
thekaka.substack.com
Willis borrows an extra $12b to pay for $14.7b of tax cuts
Willis unveils tax cuts offset by spending cuts and a plethora of new fees, but a weaker economy means Government is increasing net debt by $68.3b by mid-2028, which is $12b above December's forecast
- Thread starter
- #17,236
Sticking to facts:
NZ tax revenue went from $63b in 2018 to $80b in 2024 (in US$). A massive increase with nothing to show.
If you can’t see the massive increase in revenue and figure out more tax isn’t the problem and we have a spending problem, not a tax revenue problem then you will forever be confused and frustrated.
New Zealand Tax Revenue, 1999 – 2025 | CEIC Data
New Zealand Tax Revenue was reported at 80.859 USD bn in Dec 2024. This records an increase from the previous number of 76.742 USD bn for Dec 2023.
- Thread starter
- #17,237
Our tax revenue should be $70b instead of $80b (USD) if we kept increases at a stable and sensible rate (as per graph). This is more than the tax cuts $12b NZ= $7.25b US so the tax cuts are more than affordable and puts us overburdened tax payers back to where they should be. Not indexing PAYE was just greedy and selfish.
Labour has set us up with structural excessive costs and has shafted the country with no benefit. Prove me wrong!
Labour has set us up with structural excessive costs and has shafted the country with no benefit. Prove me wrong!
Of course, none of these rich people deserve their fortunes. They’re just nasty evil people that have ripped off the system…
You’d prefer state owned ‘assets’ like Post continue to invest hundreds of millions of dollars, massively over-capitalising on automated sorting facilities & overpaying for crappy bolt on businesses, all while making losses? Who do you think is paying for all this incompetence?Laying the ground AGAIN for asset sales. Asset sales that will enrich the few and make life much worse off for all other new zealanders. As they did last time, and the time before that, and the time before that.
NZ Post under scrutiny as ministers demand better returns from SOEs
The government has issued stern warnings to a range of SOEs over poor performance, while quietly laying the groundwork for a future conversation about selling state assets.<br /> <br />thespinoff.co.nz
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