Politics 🗳️ NZ Politics

[wizard of Tauranga]

Rich Pricks

'They are extraordinary': A Kiwi couple's $150m gift to NZ wildlife

The $150m will be spent over 10 years in massive conservation projects across New Zealand.

www.nzherald.co.nz

Why should they decide where the moneys spent, the govt should tax it all and spend it for everyone!

 

[MaybeTop8]

Rich Pricks

'They are extraordinary': A Kiwi couple's $150m gift to NZ wildlife

The $150m will be spent over 10 years in massive conservation projects across New Zealand.

www.nzherald.co.nz

Nice to see

 

[MaybeTop8]

During covid the National Government and many on here blamed Labour for the inflation brought about by external factors, external factors that the whole world experienced.

I look forward to an even hand being shown here (and yes, for those that might be too literal, that is me being facetious)

Looks like renewables and electric vehicles might be better off than the fossil fuels route. Not to mention building resilience into our country in many forms


View: https://bsky.app/profile/thoughtfulnz.bsky.social/post/3mgg5eukq4s2h

 

[wizard of Tauranga]

During covid the National Government and many on here blamed Labour for the inflation brought about by external factors, external factors that the whole world experienced.

I look forward to an even hand being shown here (and yes, for those that might be too literal, that is me being facetious)

Looks like renewables and electric vehicles might be better off than the fossil fuels route. Not to mention building resilience into our country in many forms


View: https://bsky.app/profile/thoughtfulnz.bsky.social/post/3mgg5eukq4s2h

To be credible you look at long term trends eg inflation over years. Not just 2 weeks of exception circumstance.

But keep finding things that fit that one eyed agenda. It’s entertaining.

 

[MaybeTop8]

To be credible you look at long term trends eg inflation over years. Not just 2 weeks of exception circumstance.

But keep finding things that fit that one eyed agenda. It’s entertaining.

One of the people that constantly blamed the external circumstances of Covid on the Labour government is this poster.

I look forward to them applying their same comments to National.

 

[miket12]

One of the people that constantly blamed the external circumstances of Covid on the Labour government is this poster.

I look forward to them applying their same comments to National.

Thanks for raising this.... people need to understand the difference between tradable (externally produced) and non-tradable (internally produced) inflation. One, a government can attempt to control through interest rates and spending, the other, happens no matter what the government does.

Be interesting to see, if at election time, people understand the difference if inflation has increased.

 

[wizard of Tauranga]

One of the people that constantly blamed the external circumstances of Covid on the Labour government is this poster.

I look forward to them applying their same comments to National.

In the five reported years since 2017, the total government expenditure has gone from $99b to $151b. The increase in total Crown expenditure in that time is $52b, or almost 9 per cent a year. Wow! Yes, govt spending was irresponsibly higher than inflation.

Labour internal 9% govt inflation spending rate DROVE inflation over Covid. There was external pressures but other countries offset it by keeping internal inflation under control. We doubled down.

You criticise National for responsible budget increases (cutting budgets!!!) and at the same time blame them for inflation (which is half under Labour).

 

[Damo]

In the five reported years since 2017, the total government expenditure has gone from $99b to $151b. The increase in total Crown expenditure in that time is $52b, or almost 9 per cent a year. Wow! Yes, govt spending was irresponsibly higher than inflation.

Labour internal 9% govt inflation spending rate DROVE inflation over Covid. There was external pressures but other countries offset it by keeping internal inflation under control. We doubled down.

You criticise National for responsible budget increases (cutting budgets!!!) and at the same time blame them for inflation (which is half under Labour).

Government spending can contribute to inflation, but claiming NZ’s internal spending “drove” inflation doesn’t line up with the evidence. Inflation surged across almost every developed country at the same time, including those with very different fiscal policies which points strongly to global supply shocks and post-COVID demand as the main drivers.

NZ’s inflation also closely tracked other OECD countries, which wouldn’t be the case if domestic spending was the primary cause.

 

[wizard of Tauranga]

Government spending can contribute to inflation, but claiming NZ’s internal spending “drove” inflation doesn’t line up with the evidence. Inflation surged across almost every developed country at the same time, including those with very different fiscal policies which points strongly to global supply shocks and post-COVID demand as the main drivers.

NZ’s inflation also closely tracked other OECD countries, which wouldn’t be the case if domestic spending was the primary cause.

Ask Rizzah, inflation is caused by too much spending for the available labour and resources. When there was limited resources and labour, the govt should act counter cyclical and not compete for resources.

 

[Damo]

Ask Rizzah, inflation is caused by too much spending for the available labour and resources. When there was limited resources and labour, the govt should act counter cyclical and not compete for resources.

But if your original point was the case wouldn't NZs inflation have been far higher to other countries in the OECD?

NZ inflation peaked at about 7% while the OECD average was about 8%, so NZ wasn’t an outlier at all. If domestic spending was the main cause, NZ should have had much higher inflation than comparable countries.

OECD members Inflation Rate | Historical Chart & Data

Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.

www.macrotrends.net

 

[MaybeTop8]

Ask Rizzah, inflation is caused by too much spending for the available labour and resources. When there was limited resources and labour, the govt should act counter cyclical and not compete for resources.

Yes you can ask Rizzah. And once again you have no links.

 

[MaybeTop8]

Very true

 

[Noitall]

https://www.stuff.co.nz/nz-news/360...ing-husbands-brutal-road-rage-attack-auckland


Think we getting to a point where people need a bit of what they dish out given back to them to learn some lessons

 

[Lord Gnome of Mooloolaba]

Isn’t this implying that taxes aren’t linked to spending because the govt can spend what it likes and generate new money?

Taxes still need to roughly equal money produced over the long term therefore taxes constrain money produced in an indirect way?

Otherwise debt is accumulated resulting in higher interest costs, inflation and NZ$ falling affecting imports and exports.

Therefore taxes arent everything but very linked to what a govt con spend.



Yes, but the govt does not = the economy. Govt should run counter cyclical to the economy.

If the economy is already tight - Government competes for workers, construction materials, machinery, imports, etc. That pushes up wages, prices and project costs.

In effect govts compete with private businesses and private businesses may scale back when govts spend/ costs rise. This is real world crowding out of resources via financial govt spending.

Eg govt after Covid ramped up spending by borrowing massively and spending, smashing businesses - everyone remembers the dire lack of labour then (businesses closing for lack of available staff). This is a real world example of your focus on productive capacity.

This period highlights why the Greens budget to spending $22b a year extra can’t be met by the resources in the economy? The focus should be on growing the pie, productivity, education, etc.

Grow and spend not tax and spend?

What colour is the sky on your planet?

 

[wizard of Tauranga]

What colour is the sky on your planet?

Not as blue as over in Australia!

Don’t know why all you lefties like Jacinda head to a right wing country!

 

[miket12]

In case you need any more proof that Kainga Ora went crazy with the amount of money they were spending to secure property, they've taken a $2 million loss from what they purchased this stie at to now sold it at.

Kāinga Ora loses $2m on scrapped social housing site

Agency boss “comfortable” with the $900k-plus GST sale price.

www.oneroof.co.nz

 

[wizard of Tauranga]

In case you need any more proof that Kainga Ora went crazy with the amount of money they were spending to secure property, they've taken a $2 million loss from what they purchased this stie at to now sold it at.

Kāinga Ora loses $2m on scrapped social housing site

Agency boss “comfortable” with the $900k-plus GST sale price.

www.oneroof.co.nz

Who cares, it’s just government money.

They are proposing many more taxes so they have more money to spend like it’s someone else’s hard work that paid for it.

 

[MaybeTop8]

Who cares, it’s just government money.

They are proposing many more taxes so they have more money to spend like it’s someone else’s hard work that paid for it.

Can you define more clearly "someone else's hard work" - who is the someone else?

You propose "they" - can you define more clearly who you mean as they?

Your first statement also infers that there's one group that's more hard done by than others. Can you define that group and who the other groups might be please

 

[Noitall]

Luxon turns down an appearance on q and a again. Not smart for a man with leadership woes, I think he’ll be rolled before the November election

 

[juju]

Can you define more clearly "someone else's hard work" - who is the someone else?

You propose "they" - can you define more clearly who you mean as they?

Your first statement also infers that there's one group that's more hard done by than others. Can you define that group and who the other groups might be please

Seems like a meltdown is imminent.

Weird because we won Fridays game.