Politics 🗳️ NZ Politics

[wizard of Tauranga]

Glad you find it funny juju

Keep worrying about a few hundred million in Nationals tax policy while the house burns and the media do an ostrich.

If this isn’t the media’s main articles at the moment, are they doing democracy a disservice? Is this deliberate misinformation?

 

[Inruin]

Glad you find it funny juju

Keep worrying about a few hundred million in Nationals tax policy while the house burns and the media do an ostrich.

If this isn’t the media’s main articles at the moment, are they doing democracy a disservice? Is this deliberate misinformation?

There isn't a lot funny about it.

These same people laughing now will be complaining when whoever the next Government is has to reduce spending to get us back under some sort of control.

 

[wizard of Tauranga]

There isn't a lot funny about it.

These same people laughing now will be complaining when whoever the next Government is has to reduce spending to get us back under some sort of control.

Yes and the productive people will keep their heads above water.

The ones already in poverty, the lower decile, the minimum wage, the student, the elderly, etc - the ones Labour supposedly care about; that will suffer the most from Labours mismanagement.

 

[Inruin]

Yes and the productive people will keep their heads above water.

The ones already in poverty, the lower decile, the minimum wage, the student, the elderly, etc - the ones Labour supposedly care about; that will suffer the most from Labours mismanagement.

KInd of ironic, people holding on to the 'National don't care about the poor' rhetoric when Labour has a worse record and making it even worse.

 

[juju]

KInd of ironic, people holding on to the 'National don't care about the poor' rhetoric when Labour has a worse record and making it even worse.

Get a room guys.

 

[John Nick]

Our media has no credibility because they are ignoring this and it’s only opinion pieces behind paywalls that show how stuffed we are:

In 1990, the outgoing Labour Government faced a combined deficit of $14.4 billion over the four financial years from 1990/91 — around $29.7b in today’s money. (This led to the Ruth Richardson’s years.)

Tuesday’s Prefu forecasts an operating deficit of $27.6b over the first four forecast years, a similar amount in real dollars to what Richardson faced in 1990.

We are as economically stuffed as the Ruth Richardson years. Yet the media focus on a few hundred million on Nationals tax cuts.

In fact, it’s much worse. The 1990 numbers assumed the Government would maintain Caygill’s wild spending. Tuesday’s numbers already have big spending cuts built into them.

To take Robertson seriously, you have to believe he and his colleagues, after six years of profligacy, are belatedly committed to unprecedented fiscal rectitude, maintaining it to 2026/27.

You’d need to believe Robertson will cut spending, not just in real but in dollar terms, on schools, universities, the police and housing over the next three years, and that he’d slash about $1.9b a year from the Wellington bureaucracy, a quarter of what it spends now.

The cost of the dole would go up by only $500m and health would barely keep up with inflation.

Likewise, despite Labour’s National Defence Strategy released last month, identifying China and climate change as threats requiring big new investments in the military, Robertson now claims that the defence budget will flatline.

On revenue, Robertson’s targets depend on record net immigration of 250,000 over four years, without extra infrastructure, education or health costs associated with the new arrivals.

If Robertson believes any of this, it’s clear Treasury doesn’t.

Pointedly, it blames the fiscal deterioration on unexpected government spending as much as on wider economic factors.

It says that if the next Government increases spending each year by even $1b more than Robertson’s baselines — perhaps by reversing his police, education and housing cuts — then New Zealand will never return to surplus.

The same is true if tax revenue falls by that amount, barely a rounding error.

Either would mean debt servicing costs, already forecast to reach nearly $10b in 2026/27 — four times what Robertson would spend on police that year — would blow out further.

Debt servicing would keep rising every year into the future, with ever more of your taxes going to foreign bondholders rather than schools, until we couldn’t afford it anymore, leading to default.

Unsurprisingly, yields on 10-year government bonds have increased by 25 per cent since May, and now sit above 5 per cent, levels not seen since immediately after the Christchurch earthquakes.

Bondholders are now demanding much higher returns to keep lending us money.

Former Finance Minister Bill English aimed for zero budgets. Willis needs to deliver below-zero budgets.


So we’re in the shit, tough times ahead, facing a permanent structural deficit, leading eventually to a 2009 Greek or 2014 Brazilian-type collapse that will require early 90’s style hardline govt response… yet the silence from the media is deafening.

Finance Minister Nicola Willis’ words, ‘Labour has wrecked the joint.’

Matthew Hooton: Tax cuts? It’s spending cuts we need

OPINION: National will have to move fast and slash spending to head off a fiscal crisis.

www.nzherald.co.nz

Unfortunately this is very serious situation.
I have never placed much credibility on anything written by Hooton.
IMO he is a media mercenary.
"Runs with the hares and hunts with the hounds" is the old saying which could have been scripted to describe him perfectly

 

[miket12]

I've heard of a situation which is really sad all round and I personally think should lead to a change to either the Building Act and/or the Tenancy changes brought in by this government.

It revolves around tenants being able to make certain changes to the inside of a property and who is responsible for obtaining a building consent (if one is required). An older gentleman is another client of the same property manager we use. A few years ago, he shifted into a rest home but kept his apartment in an older building and has rented it out to cover the cost of his rest home.

When the government changed rules allowing changes to be made without asking permission from the landlord, the tenant went too far and removed the old s/steel shower tray and villa board shower lining as well as the toilet and vanity. He didn't get a registered plumber in to fit the new fittings or a licensed person to put in the waterproofing under neither the tiles for the floor and shower but he and some mates attempted to do the work themselves.

Now the shower has leaked causing damage to his unit and the one below. His insurance policy won't cover the damage caused because no building consent had been granted, no inspections were done, and the work carried out by unregistered and unlicensed people. Council is looking at taking the owner to court because it is the owner, not the tenant, who is responsible for applying for building consents.

The tenancy regulations and Building Act need to be changed to make the tenant responsible for obtaining a building consent in situations where they have not informed the owner of what they intend to do.

Now, the tenants have nowhere to stay because the unit is unlivable until it's repaired and there is limited housing available for rent at the moment and what is available is more expensive than where they were living. The owner has to pay for the repairs to both his unit and the one below as he won't receive any insurance money. And he's facing possible court action by the local TA.

It's most likely he will have to sell his unit at less than market value (to cover the cost of the repairs to it by the next owner) and then use part of the money from the sale to pay for repairs for the other unit and possibly money to be paid to the TA.

While I fully support the right for the tenant to do some work to a property without requiring the owner's permission, I hope that whoever forms the next government changes the Act and regulations to ensure this doesn't happen to others.

 

[Up the guttz]

A few months old but still interesting….

 

[wizard of Tauranga]

Unfortunately this is very serious situation.
I have never placed much credibility on anything written by Hooton.
IMO he is a media mercenary.
"Runs with the hares and hunts with the hounds" is the old saying which could have been scripted to describe him perfectly

I purposefully cut out most of the subjective parts to the story and just copied the more black and white facts sections.

- our deficits are equal to our worse time in history where we had to take major, painful economic choices that are infamous for their impact on society and we need to make similar choices now.
- Our budgets have no room for meaningful increases to health, education, etc
- we have record immigration and have nothing to spend providing services
- our debt is at record levels and servicing costs are rocketing up
- labour have budgeted to cut spending in real terms on health, schools, police and housing and we actually need more cuts.
- etc

Don’t shoot the messenger, analyse the data and tell me where it’s wrong…

We’re screwed for the next few years and looking at quite an heavy austerity period.

 

[wizard of Tauranga]

A few months old but still interesting….

While it’s good to see a spread of private companies, our state funded broadcasters should never be so heavily aligned to the current government.

 

[John Nick]

I purposefully cut out most of the subjective parts to the story and just copied the more black and white facts sections.

- our deficits are equal to our worse time in history where we had to take major, painful economic choices that are infamous for their impact on society and we need to make similar choices now.
- Our budgets have no room for meaningful increases to health, education, etc
- we have record immigration and have nothing to spend providing services
- our debt is at record levels and servicing costs are rocketing up
- labour have budgeted to cut spending in real terms on health, schools, police and housing and we actually need more cuts.
- etc

Don’t shoot the messenger, analyse the data and tell me where it’s wrong…

We’re screwed for the next few years and looking at quite an heavy austerity period.

"Shoot the messenger" wtf bit touchy Wizard.
I will stand by my opinion that Hooton is a media mercenary. (If that's ok with you).
Not long ago he was considering standing for ACT.

 

[Inruin]

Get a room guys.

we tried to but they are all full with emergency housing tenants.....

 

[John Nick]

we tried to but they are all full with emergency housing tenants.....

You'll fit right in.

 

[dean]

we tried to but they are all full with emergency housing tenants.....

And there is a waiting list.

 

[Lord Gnome of Waiheke]

Unfortunately this is very serious situation.
I have never placed much credibility on anything written by Hooton.
IMO he is a media mercenary.
"Runs with the hares and hunts with the hounds" is the old saying which could have been scripted to describe him perfectly

He's a tit in real life too.

 

[John Nick]

He's a tit in real life too.

I can imagine

 

[juju]

He's a tit in real life too.

That's why Wiz has such an infatuation

 

[John Nick]

"Shoot the messenger" wtf bit touchy Wizard.
I will stand by my opinion that Hooton is a media mercenary. (If that's ok with you).
Not long ago he was considering standing for ACT.

Glad you find it funny Wiz

 

[wizard of Tauranga]

That's why Wiz has such an infatuation

I quote 1 article highlighting only the facts…

But I am a ‘sucker’ for a good tit

 

[miket12]

Glad you find it funny Wiz

If it wasn't a biological impossibility, I would wonder if a number of posters are all having their "manstrual cycles" at the same time!!!