Politics 🗳️ NZ Politics

🤖 Thread Summary

The discussion centers around New Zealand's infrastructure policies, particularly the defunct Three Waters reform and energy sector privatization. defensivebomb #210787 defended local democratic control over water infrastructure assets that ratepayers have invested in, arguing against centralized management and using Wellington's dysfunctional water network as an example of council accountability. miket12 #210795 provided detailed analysis showing that Green Party wealth tax projections are unrealistic compared to international examples, noting that Spain and Norway's wealth taxes generate only 0.25% and 1.6% of total tax revenue respectively, while the Greens claim their version would raise 13.5%.

The energy sector debate intensified around privatization concerns, MaybeTop8 #210771 criticizing rising power bills as evidence of neoliberal policies benefiting the wealthy at public expense. MrFrankWhite #210751 offered a more optimistic assessment of New Zealand's energy infrastructure, suggesting the country could maintain relatively stable energy costs if it avoids offshore wind and leverages its hydro resources effectively. The conversation also touched on Treaty of Waitangi interpretations regarding co-governance, with participants debating the extent of indigenous rights in infrastructure management and the practical implications of kaitiakitanga principles in modern utility systems.

NZWarriors.com

This is privatisation in action

Also: what tax cut? It's disappeared in inflation and greed

Hmmm… tax cuts, lower mortgage rates and 2.7% overall inflation or no tax cut, high mortgage rates and 7% inflation under Labour.

Do Labour think voters are stupid with the memory of a gold fish?
 
You do carp on Wiz :)
Just replying to your copy and pasting of left, rabbit hole misinformation with my real world facts 🤣

If you’re worried about the privatisation of power prices, post the data since forever ago when the power companies were privatised and compare to inflation instead of a limited data set which is within the margin of error over the longer term.

Ps I think our power prices are excessive compared to other countries but those sort of articles are meaningless 🤷‍♂️
 
Just replying to your copy and pasting of left, rabbit hole misinformation with my real world facts 🤣

If your worried about the privatisation of power prices, post the data over the last 10 years compared to inflation instead of a limited data set within the margin of error over the longer term.

Ps I think our power prices are excessive compared to other countries but those sort of articles are meaningless 🤷‍♂️
Sorry, was too subtle

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Surprise, surprise.... former Green MP, Kevin Hague, has coauthored a Health Report to the government which includes wanting a Wealth Tax.

And from those who keep on about groups on the right trying to push their agendas on to government.... silence.
Well, is he wrong mike? Given how this hard right government are running down health?
 
Well, is he wrong mike? Given how this hard right government are running down health?
There are far more efficient ways to raise taxes through gift duties and inheritance taxes than a wealth tax. You do realise that reports like this are supposed to be unbiased don't you.... and not reflect policy of two of the more extreme parties in NZ politics? Just in the same way that reports prepared by so-called independent boards shouldn't follow ACT policy just because the head of the board was an ACT MP!!!

Using his position to push for a tax policy for a party Hague was an MP for is, IMO, just as wrong as tobacco companies pushing their agendas forward for policy.... or the NRA pushing it's version of "gun reform" or Bill English writing a report into KO.... or anyone being surprised that the Terms of Reference for the second part of the COVID inquiry has been turned into a conspiracy theory witch hunt instead of looking at how better to deal with the next pandemic.
 
Well, is he wrong mike? Given how this hard right government are running down health?
Please back up this statement, as you require of others 😉

Data on wait lists, emergency wait times, etc would be good comparing this govt and previous ones.

For the record, I also believe our health service is under significant pressure but I believe it’s a 20+ year trend with your ‘right govt’ propaganda campaign just party politics.
 
Please back up this statement, as you require of others 😉

Data on wait lists, emergency wait times, etc would be good comparing this govt and previous ones.

For the record, I also believe our health service is under significant pressure but I believe it’s a 20+ year trend with your ‘right govt’ propaganda campaign just party politics.
Way more than a 2 decade problem of underinvestment. To blame any single government is just dumb.
 
The greed of the private market in electricity laid bare




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Hey just on this email, what’s your point? Do you think the gentailers should be reinvesting every cent of profitability rather than distribute to shareholders?
 
Hey just on this email, what’s your point? Do you think the gentailers should be reinvesting every cent of profitability rather than distribute to shareholders?
We have shares in one of the gentailers (Mercury) because it pays out a taxable dividend so we treat is as an income share... not a growth share. It's total dividend payout in the last two years was $311.5 million. At 24 cents per share over 2024 and 2025, that's not a huge amount considering Mercury shares are worth around $6.60 per share... a 3.6% return after tax each year per share. Much less than that and shareholders would start pulling their capital out of them.

Contrast that to the fact that Mercury are spending $287 million this year just on the Kaiwaikawe Wind farm near Dargaville and have a total new-renewables pipeline commitment of over $1 billion over the next two years.

In other words, for every $1 they pay out as a dividend, they have committed $5 to renewable energy projects. But for some.... that's not enough.
 
We have shares in one of the gentailers (Mercury) because it pays out a taxable dividend so we treat is as an income share... not a growth share. It's total dividend payout in the last two years was $311.5 million. At 24 cents per share over 2024 and 2025, that's not a huge amount considering Mercury shares are worth around $6.60 per share... a 3.6% return after tax each year per share. Much less than that and shareholders would start pulling their capital out of them.

Contrast that to the fact that Mercury are spending $287 million this year just on the Kaiwaikawe Wind farm near Dargaville and have a total new-renewables pipeline commitment of over $1 billion over the next two years.

In other words, for every $1 they pay out as a dividend, they have committed $5 to renewable energy projects. But for some.... that's not enough.
Yes they have to make a reasonable return on capital & pay a decent dividend. MCY’s had a nice bounce last couple of months as well after some passive index selling pushed it down to the mid-$5s earlier in the year…

But I’d like to know from top8 what the problem is, or is he just randomly posting shit without understanding reality?
 
Or maybe you could simply admit māori have more legal rights than scouts on the topic of the countries management natural resources?

So yes take your pick
Sigh... I'll use an example that hopefully you can appreciate

Three Waters emcompassed drinking water, stormwater and wastewater

If I do a poo in my toilet, that poo goes down my drain and joins up with a network that is owned by Auckland ratepayers and managed by Watercare. The poo travels down the network to a wastewater treatment centre in Mangere, where, amongst other things, it it oxidised to remove pathogens before it meets the require safety levels to be deposited back into the environment in line with Watercare's resource consent to do so, which it has obtained in accordance with the RMA that requires it to consult with Iwi, and act in accordance with said RC. Watercare is owned by Auckland ratepayers and it is funded by those ratepayers to treat their poo and operate a fit for pupose network. If there is any capex or opex shortfall, this is funded by raising rates and/or taking on debt. If there are any issues with the network or Watercare, these are addressed between a democratically-elected Council that is answerable to the ratepayers, who have the ability to exert control over the asset they own to remove the poo from their homes and treat it before getting rid of it. The process has its faults but ultimately, the operator is answerable to the council, who is answerable to the electorate. As outlined in one of my previous posts, funding could be cheaper if done centrally, but there is clear control, and ratepayers at least have visilbility of how they can influence decision-making

I don't consider my poo a valuable natural resource. Far from it!!! Your mileage may vary. Nor do I consider the wastewater pipes or the sewerage that Watercare operates. Watercare is bound, like any other business, to adhere to its RC, which requires it to obtain consent from the local Iwi to operate the way it does.

You say that the Treaty requires involvement of māori over water as a natural resource. Despite me being such an ignoramus and racist (in your eyes), I agree. I also was educated on the Treaty. In none of my classes was I taught that the chiefs requested the right to partner with the Crown on removing poo from homes, taking it away and doing something with it. Imagine the scenes at Waitangi if they did! The other chiefs would have thought them crazzy. You obviously disagree however, so, in the spirit of @MaybeTop8, please provide facts to identify these individuals

That was one of the many issues with Three Waters. If Watercare needed to upgrade its pipes / treament plant / vans, it should just go ahead and do so and be answerable to the people that pay for it.

Speaking of education, as a field trip in biology, we visited the wastewater treatment plants. Interesting stuff. Despite the sewage being such a valuable resource, I can't remember any classmates stuffing into their pockets, to enjoy on the bustrip back. Your school trips must have been a bit different!
 
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