Politics 🗳️ NZ Politics

[MaybeTop8]

Not gonna aruge either side here. But it always feels a bit odd with conversations around debt growth and taxation/borrowing. People tend to always look at it as if borrowing more was the issue and borrowing less is the only soultion. Where as if GDP goes up without any decrease in taxation then the debt would also go down.

So in my eyes debt went up under labour because they borrowed a lot of money to spend on jobs/infrastucture, so our gdp keept going up without lowered taxation. So debt still substantually increased but there was mitgating factors.

Debt has also gone up by just as much (percentage wise) while NACT has been in power. But they have borrowed siginficantlly less, and cut taxation and jobs. Meaning less income for the goverment, so it still resulted in the debt going up.

Doesn't seem like any kiwi in palarment at the moment is good at managing the debt.

They're borrowing tens of billions to pay for tax cuts we can't afford

Meanwhile in more zombie neolib rising from the dead here's Ruth Richardson. Who also just so happens to be president of the taxpayers union.

The neoliberal right are so utterly toxic.


View: https://bsky.app/profile/juha.bsky.social/post/3lz5tmqkr7s27

 

[Lord Gnome of Mooloolaba]

Not gonna aruge either side here. But it always feels a bit odd with conversations around debt growth and taxation/borrowing. People tend to always look at it as if borrowing more was the issue and borrowing less is the only soultion. Where as if GDP goes up without any decrease in taxation then the debt would also go down.

So in my eyes debt went up under labour because they borrowed a lot of money to spend on jobs/infrastucture, so our gdp keept going up without lowered taxation. So debt still substantually increased but there was mitgating factors.

Debt has also gone up by just as much (percentage wise) while NACT has been in power. But they have borrowed siginficantlly less, and cut taxation and jobs. Meaning less income for the goverment, so it still resulted in the debt going up.

Doesn't seem like any kiwi in palarment at the moment is good at managing the debt.

Scroll up mate, you've made yourself look foolish there.

 

[roguei]

Scroll up mate, you've made yourself look foolish there.

Ah i did not, only going of recent memory when i had last looked at the numbers last year.
Is that 2025 number real? Because 24 to 25 being a jump from 21.5 to 42.7 is almost doubling the the ratio. Which is beyond insane, and would i assume require mass unemployment to lose that amount of revenue. But i guess our unemployment numbers have a preasure relief valve. Where if you cannot find a job and you have some amount of saving you will just leave to aus. Especially if you have a degree. But i'd have to do some more resaerch to from a opinon because that is ludicrous if true.

 

[Lord Gnome of Mooloolaba]

Ah i did not, only going of recent memory when i had last looked at the numbers last year.
Is that 2025 number real? Because 24 to 25 being a jump from 21.5 to 42.7 is almost doubling the the ratio. Which is beyond insane, and would i assume require mass unemployment to lose that amount of revenue. But i guess our unemployment numbers have a preasure relief valve. Where if you cannot find a job and you have some amount of saving you will just leave to aus. Especially if you have a degree. But i'd have to do some more resaerch to from a opinon because that is ludicrous if true.

Knock yourself out mate