Politics 🗳️ NZ Politics

[wizard of Tauranga]

Jessica from Jacinda’s Jessica and Tova show has resigned from TVNZ and left the industry.

Look like Winston Peters is extracting some utu and pulling some strings behind the scenes






(Said in jest… sort of. Maybe more like rats abandoning the sunk ship )

 

[miket12]

It is, but those with the means have the opportunity to opt into a private setting and let those less fortunate take up the public setting. Absolutely private and public should have the opportunity to cross each others settings for purposes such as overloading on one or the other, but in my view neither should be prioritised from the setting they belong to unless there is concerns of the severity and life threatening for the patient. For most of society the private setting gets too expensive the older you get , which is when it’s often necessary or helpful and majority end up back on the public system. I do lean towards means testing on the subject of superannuation but a loophole would be found I’m sure if this eventuated, I think the days are gone where we should expect honesty and decency from people and it just comes across to me as naive thinking. Fascinating in a courtroom setting that society expects someone on a stand to be completely honest from holding their hand over a book. It’s almost comical.

I had the misfortune years ago of having a client who was involved in setting the policy for ACT when it first started. One of the policies he wanted them to consider was giving tax rebates to people who had private health insurance or who sent the children to private schools because they weren’t, in his opinion, a “burden on the state.”

He also wanted a “reverse” means testing for superannuation….. he felt people should only get super as long as it reflected how much tax they had paid. So, a worker on a low wage most of their working life would only receive it for a short time but the rich would receive it for the rest of their lives.

One of the most arrogant people you could ever meet and with little to no empathy for others.

 

[Worried2Death]

Yep, some look at a Rubiks cube and think impossible and others just get it done.

Productivity shifts require a change in mindset but definitely possible!

Not disagreeing, can you list some high tech industries we could compete globally with to double our GDP. Rocket Lab is promising, what else

 

[wizard of Tauranga]

Not disagreeing, can you list some high tech industries we could compete globally with to double our GDP. Rocket Lab is promising, what else

Personal experience - my current project.

Currently it takes 2 people to operating my current business. I’m in the process of doubling its physical footprint over the next year and doubling the experience which will hopefully double turnover. We will still need 2 person operating it. After that I plan to double it again.

Huge capital and R & D outlay but same labour requirement with double turnover = effectively doubling the GDP per capita. Scale and working smarter.

Rinse and repeat across the economy. It’s the 1000 cuts that will kill our productivity problem, not just big headline grabbing rocket lab moves (although that helps).

 

[Worried2Death]

Personal experience - my current project.

Currently it takes 2 people to operating my current business. I’m in the process of doubling its physical footprint over the next year and doubling the experience which will hopefully double turnover. We will still need 2 person operating it. After that I plan to double it again.

Huge capital and R & D outlay but same labour requirement with double turnover = effectively doubling the GDP per capita. Scale and working smarter.

Rinse and repeat across the economy. It’s the 1000 cuts that will kill out productivity problem, not just big headline grabbing rocket lab moves (although that helps).

Awesome, what sector is the business?

 

[wizard of Tauranga]

Awesome, what sector is the business?

Tourism in Rotorua. A business that closed down over covid and was uneconomic. Bough it dirt cheap and spent the last year rebuilding it and next step is to expand.

Flat out with peak season at the moment. Enjoy your holiday while I’m doing 7 day weeks

* I recently said I don’t want NZ to rely on farming and tourism Got to play to our strengths though.

 

[Worried2Death]

Tourism in Rotorua

* As I recently said a don’t want to rely on farming and tourism

Haha well nevermind about that now, we're hypocrites not maniacs mate

 

[Noitall]

I had the misfortune years ago of having a client who was involved in setting the policy for ACT when it first started. One of the policies he wanted them to consider was giving tax rebates to people who had private health insurance or who sent the children to private schools because they weren’t, in his opinion, a “burden on the state.”

He also wanted a “reverse” means testing for superannuation….. he felt people should only get super as long as it reflected how much tax they had paid. So, a worker on a low wage most of their working life would only receive it for a short time but the rich would receive it for the rest of their lives.

One of the most arrogant people you could ever meet and with little to no empathy for others.

I don’t support that view around super but mine comes from a place of those in a more comfortable financial situation who have done well in their life not take it so that money can be directed in other needing areas. It is a tough argument because those that have paid their taxes in their lifetimes and done well through risk and hard work have a fair stake in what’s offered in retirement but I also know of people that collect super as their pocket money to blow each week or store it away for their grandchildren, which is their right too. I just look at it as hopefully an acknowledgment by some that they can give back to those that can use a hand that try to make ends meet but struggle in an increasingly more and more expensive world.

 

[wizard of Tauranga]

I don’t support that view around super but mine comes from a place of those in a more comfortable financial situation who have done well in their life not take it so that money can be directed in other needing areas. It is a tough argument because those that have paid their taxes in their lifetimes and done well through risk and hard work have a fair stake in what’s offered in retirement but I also know of people that collect super as their pocket money to blow each week or store it away for their grandchildren, which is their right too. I just look at it as hopefully an acknowledgment by some that they can give back to those that can use a hand that try to make ends meet but struggle in an increasingly more and more expensive world.

My grandmother slaved away all her life without to much. In retirement she was comfortable with basically a freehold house. She then had health issues and ended up in a full care rest home that plundered her savings down to the last $250k, including forcing her to sell her freehold house to pay for her care.

Once she was down to $250k the govt stepped in paying her care.

Others in there with her started out with less than $250k and got it fully paid from day 1 and weren’t financially reduced to bugger all.

I don’t know if that’s fair? Why bother saving for your retirement?

It broke her knowing everything she scrimped and scaped for was being used up. Spend it all before you get too old must be the moral of the story and let the state look after you!

 

[Worried2Death]

My grandmother slaved away all her life without to much. In retirement she was comfortable with basically a freehold house. She then had health issues and ended up in a full care rest home that plundered her savings down to the last $250k, including forcing her to sell her freehold house to pay for her care.

Once she was down to $250k the govt stepped in paying her care.

Others in there with her started out with less than $250k and got it fully paid from day 1 and weren’t financially reduced to bugger all.

I don’t know if that’s fair? Why bother saving for your retirement?

It broke her knowing everything she scrimped and scaped for was being used up. Spend it all before you get too old must be the moral of the story and let the state look after you!

Tragic. Another victim of neoliberalism. I mean socialism. Which system are we blaming again?

She should have put the house in a trust with you as the executor, you could have sold it and channelled the money to her privately to fund her care. Was it a private rest home? Damn, the capitalists win again.

 

[miket12]

My grandmother slaved away all her life without to much. In retirement she was comfortable with basically a freehold house. She then had health issues and ended up in a full care rest home that plundered her savings down to the last $250k, including forcing her to sell her freehold house to pay for her care.

Once she was down to $250k the govt stepped in paying her care.

Others in there with her started out with less than $250k and got it fully paid from day 1 and weren’t financially reduced to bugger all.

I don’t know if that’s fair? Why bother saving for your retirement?

It broke her knowing everything she scrimped and scaped for was being used up. Spend it all before you get too old must be the moral of the story and let the state look after you!

Or, you accumulate so much that what you have invested returns enough money that you pay for the resthome without needing the subsidy. It’s our way of having an inheritance tax for the middle class by stealth… don’t have anything or be a multi millionaire and you’re fine. And it annoys me.

 

[Bay39er]

My grandmother slaved away all her life without to much. In retirement she was comfortable with basically a freehold house. She then had health issues and ended up in a full care rest home that plundered her savings down to the last $250k, including forcing her to sell her freehold house to pay for her care.

Once she was down to $250k the govt stepped in paying her care.

Others in there with her started out with less than $250k and got it fully paid from day 1 and weren’t financially reduced to bugger all.

I don’t know if that’s fair? Why bother saving for your retirement?

I

Your grandma even after being reduced to $250k was still better off than “the others” you refer to as they didn’t have the $250k to start with.

What’s unfair? Is it because you may have missed on an inheritance?

 

[Tragic]

Basic maths. With the same tax rate if we double GDP per capita the government gets twice the tax income without increasing taxes.

Doesn't that assume the companies pay tax? Don't know what it is in nz but one third of large companies in aussie parts zero tax apparently.
Still good to have higher gdp as it flows through to wages etc but don't go doubling your spend until you get the $$ Jacinda.

 

[wizard of Tauranga]

Doesn't that assume the companies pay tax? Don't know what it is in nz but one third of large companies in aussie parts zero tax apparently.
Still good to have higher gdp as it flows through to wages etc but don't go doubling your spend until you get the $$ Jacinda.

If a company makes 10% profit and you double their turnover 90% of the turnover flows through the rest of the economy to suppliers, wages, operating costs, taxes, GST, etc.

And then of that say 10% profit, a lot gets distributed to the owners, who pay the tax personally, instead of in the company.

I don’t think we should shy away from becoming a rich economy because a few might get around the rules…

 

[miket12]

Your grandma even after being reduced to $250k was still better off than “the others” you refer to as they didn’t have the $250k to start with.

What’s unfair? Is it because you may have missed on an inheritance?

You’ve got to remember it doesn’t just affect anyone inheriting money but spouses/partners too. If one gets Alzheimer's and needs to go into full time care, the other one can still stay in the home but has to use up their life savings until they have only $250,000 left. Considering the rest homes maximum contract (without extra care costs for Alzheimer's patients or other extras) is over $72k per year and patients with Alzheimer's or dementia can live for years in care, a partner with $500,000 in savings would see their savings disappear until theyhave the $250k left in less than three years.

 

[Worried2Death]

7.6 earthquake just hit Japan, nuke plants on tsunami alert, uh oh

 

[Bay39er]

You’ve got to remember it doesn’t just affect anyone inheriting money but spouses/partners too. If one gets Alzheimer's and needs to go into full time care, the other one can still stay in the home but has to use up their life savings until they have only $250,000 left. Considering the rest homes maximum contract (without extra care costs for Alzheimer's patients or other extras) is over $72k per year and patients with Alzheimer's or dementia can live for years in care, a partner with $500,000 in savings would see their savings disappear until theyhave the $250k left in less than three years.

I’m aware of that but that is not Wiz’s grandmother’s circumstances

 

[Noitall]

Stuff

www.stuff.co.nz

This is troubling and could lead to a dark place with the new government making its intentions clear around Maori language and possible treaty referendums. As shit as it is, one would hope it’s a random act because the alternative puts us in a worrying place. Fucken lowlife thing to do.

 

[dean]

Stuff

www.stuff.co.nz

This is troubling and could lead to a dark place with the new government making its intentions clear around Maori language and possible treaty referendums. As shit as it is, one would hope it’s a random act because the alternative puts us in a worrying place. Fucken lowlife thing to do.

It's a pity that when some Maori are the victim of crime, they see it as a racist attack. I wonder how all the other victims of crime see it?

 

[Noitall]

It's a pity that when some Maori are the victim of crime, they see it as a racist attack. I wonder how all the other victims of crime see it?

From the targeted graves indicated in the article it gives the impression of racial motivation?