Politics 🗳️ NZ Politics

[Inruin]

What percentage do the UK spend on education compared to us?

Top8 is all over the detail.

 

[miket12]

Who am I having anyone blindly follow?

Certainly not those who blindly attribute sentiment and text to me that's for sure.

And wow Mike, we're going back to Labour are we? And covid subsidies? Well, if those rich listers had a conscience they would never have taken the money in the first place. Or held themselves accountable.

I'm certainly no Labour apologist. Struck a nerve maybe? You're listing things this government has failed to do, great.

How do you actually know how the consolidated fund will be spent? You don't.

And now somehow we're onto first home buyers, of which I was one recently and got screwed by successive governments, mostly on the right, all neoliberal.

The thing is Mike, it's been like this forever and IT'S NOT WORKING. Well it is for the rich but hey.

Lucky you, getting a first house. But a FHB using their KiwiSaver account will have their account balance decimated by a CGT when 33% of their returns disappear each year because of a CGT on the increase in value of the shares the fund has invested in…. because that’s the effect a CGT like what Robinson tried to bring in.

And you still haven’t given any indication on how a CGT would narrow the wealth gap in NZ when it hasn’t in most of the OECD countries you want us to follow. But I don’t expect you to have the answer…. I asked David Parker a couple of years ago how it would reduce the wealth gap in NZ when it wasn’t lowering the gap overseas after a business leaders breakfast I attended and he couldn’t answer it. If the “architect” of a CGT couldn’t answer the question, I’m sorry expecting you to be able to.

I do agree with you that the current government were foolish removing and reducing funding to some of the grants they have. Very shortsighted!!!!

 

[wizard of Tauranga]

I read an article that blamed societies current issues on double incomes.

It has allowed house prices to double as increasing income stretched prices to the maximum income could allow. It’s meat all the increase income has gone to simply servicing huge house prices.

The result: if we still had single incomes house prices would be halved because that’s all the market could afford.

We would have 35 hours of disposable time not working to pay for the exact same house.

The double working has resulted in childcare costs, more petrol costs, more stress, less time with kids around their parents, etc.

The only winners have been the govt with a massive increase in tax.

Based on this, we would have been better as a society with only a single income earner per household.

Can’t critique it really and a fascinating example of how we’re working twice as hard and are no better off (essentially that second person is working for nothing).

 

[Worried2Death]

I read an article that blamed societies current issues on double incomes.

It has allowed house prices to double as increasing income stretched prices to the maximum income could allow. It’s meat all the increase income has gone to simply servicing huge house prices.

The result: if we still had single incomes house prices would be halved because that’s all the market could afford.

We would have 35 hours of disposable time not working to pay for the exact same house.

The double working has resulted in childcare costs, more petrol costs, more stress, less time with kids around their parents, etc.

The only winners have been the govt with a massive increase in tax.

Based on this, we would have been better as a society with only a single income earner per household.

Can’t critique it really and a fascinating example of how we’re working twice as hard and are no better off (essentially that second person is working for nothing).

Add to that the billions paid in Accommodation Supplement, effectively further inflating house values.