Politics 🗳️ NZ Politics

NZWarriors.com

NZWarriors.com

Advertisement
If you would like to remove these advertisements, please do so by registering a free account

NZWarriors.com

Advertisement
If you would like to remove these advertisements, please do so by registering a free account
All as planned by the reserve bank and flagged when they started increasing interest rates.

We should be near peak unemployment (although unemployment lags economic growth) and be rebuilding over the next year or so.
It’ll be interesting to see the trend of the next few political polls because I’m not sure the country is on board with how this is being achieved. Seems that the ones at the wrong end are getting assistance when you consider who’s benefitted most out of tax cuts that many said were unaffordable
 
It’ll be interesting to see the trend of the next few political polls because I’m not sure the country is on board with how this is being achieved. Seems that the ones at the wrong end are getting assistance when you consider who’s benefitted most out of tax cuts that many said were unaffordable
Politically parties do all the stuff that’s unpopular but in many cases needed, in their first year of the election cycle. Labour does the same.

Second year they bed in the changes and by the third year they hope everyone’s forgotten and they are trying to be popular again to win an election.

This is the reasoning there are calls for a 4 year term so we can do more of what’s right for the country rather than what’s popular.

The big question is was taming inflation and getting govt spending under control worth the pain?

Bigger picture you say yes - we had to. Some would say it should have been done slower over a longer period of time but short and sharp fits into the political cycle where by the next election, the pain now will hopefully be forgotten and the economy is in better shape than if we went slower.
 
Politically parties do all the stuff that’s unpopular but in many cases needed, in their first year of the election cycle. Labour does the same.

Second year they bed in the changes and by the third year they hope everyone’s forgotten and they are trying to be popular again to win an election.

This is the reasoning there are calls for a 4 year term so we can do more of what’s right for the country rather than what’s popular.

The big question is was taming inflation and getting govt spending under control worth the pain?

Bigger picture you say yes - we had to. Some would say it should have been done slower over a longer period of time but short and sharp fits into the political cycle where by the next election, the pain now will hopefully be forgotten and the economy is in better shape than if we went slower.
I’m not saying labour did an amazing job or that they deserve the higher ground in any way, but the fact they put a pay freeze on themselves in tough economic times speaks volumes to a party reinstating government pay increase cycles as has been done when economic times are no better. I’m sure someone will have a way of how they benefited anyway but these sorts of things and tax cuts to those that aren’t feeling the pinch that others are at the other end leaves a bitterness with the cost of everything across the board soaring
 

NZWarriors.com

Advertisement
If you would like to remove these advertisements, please do so by registering a free account
I’m not saying labour did an amazing job or that they deserve the higher ground in any way, but the fact they put a pay freeze on themselves in tough economic times speaks volumes to a party reinstating government pay increase cycles as has been done when economic times are no better. I’m sure someone will have a way of how they benefited anyway but these sorts of things and tax cuts to those that aren’t feeling the pinch that others are at the other end leaves a bitterness with the cost of everything across the board soaring
High income earners are paying 39% which Labour bought in up from 33%. Middle income earners benefit most from indexation of tax rates which the rich don’t even notice.

Tax cuts to those not feeling anything is misinformation and jealousy. High income earners are still paying the most ever because of Labours changes. Fact.

Not allowing landlord to claim expenses was just daft, not done anywhere else in the world and just resulted in record rent increases so won’t even debate that.

The ‘rich’ pay the most tax ever in NZ even after removing the worst of Labours many new taxes.
 
I’m sure someone will have a way of how they benefited anyway but these sorts of things and tax cuts to those that aren’t feeling the pinch that others are at the other end leaves a bitterness with the cost of everything across the board soaring
Hmmm…

Massive eecord minimum wage increases
Extra 5 days sick leave
Extra stat holiday
Extra mental health leave
Stronger unionism
Pro employee tribunals
Significant new compliance costs

And it’s the riches fault (with all their businesses closing) that costs are soaring 🤯
 
High income earners are paying 39% which Labour bought in up from 33%. Middle income earners benefit most from indexation of tax rates which the rich don’t even notice.

Tax cuts to those not feeling anything is misinformation and jealousy. High income earners are still paying the most ever because of Labours changes. Fact.

Not allowing landlord to claim expenses was just daft, not done anywhere else in the world and just resulted in record rent increases so won’t even debate that.

The ‘rich’ pay the most tax ever in NZ even after removing the worst of Labours many new taxes.
Rubbish. You think I’m jealous of you all you want or anyone with wealth, but it’s not addressing the growing wealth of a few that seems to be lost in translation. The ird has recognised in the past few years that there’s not an even take of tax percentage wise across all and if there was our economies would benefit hugely
 

NZWarriors.com

Advertisement
If you would like to remove these advertisements, please do so by registering a free account
Rubbish. You think I’m jealous of you all you want or anyone with wealth, but it’s not addressing the growing wealth of a few that seems to be lost in translation. The ird has recognised in the past few years that there’s not an even take of tax percentage wise across all and if there was our economies would benefit hugely
We’ve got record tax take and given the top 10% pay most of the tax and the bottom 50% are nett negative, the rich have been hammered.

How has that helped and how would more tax help?

Do you accept high taxes on the rich reduce their opportunity to invest and grow their business? What should we do in a recession?
 
We’ve got record tax take and given the top 10% pay most of the tax and the bottom 50% are nett negative, the rich have been hammered.

How has that helped and how would more tax help?

Do you accept high taxes on the rich reduce their opportunity to invest and grow their business? What should we do in a recession?


Interesting reads.
 

Interesting read.
Not really, it was 311 outlier super rich people that have international opportunities to manage taxes and labelling them rich pricks.

It would be like me picking the 300 poorest people and saying they are all a drain on society and trying to label all poor people…

It’s irrelevant to all the hard working well off that own farms, businesses and employ 90% of New Zealanders that the proposed solution - more taxes was aimed at.

A Labour led propaganda investigation aimed at delivering jealousy so they could push their agenda and call for wealth tax/ CGT.
 

NZWarriors.com

Advertisement
If you would like to remove these advertisements, please do so by registering a free account
Just to be clear, my view is we grow the pie and everyone benefits. But no-one (investors, employees or government) can grow more than the growth in GDP without it having flow on effects.

We had that situation where we were too heavily weighted with government and employees, increasing their share of a static GDP and are now in a longer deeper recession than otherwise.

Grow the pie and we can all enjoy a bigger slice each.

$0 tax on companies profits - anything reinvested towards growth/ productivity/ sustainability we all benefit and if they take the company profit as salaries/ dividends it gets taxed. Win/win in my opinion.
 
Not really, it was 311 outlier super rich people that have international opportunities to manage taxes and labelling them rich pricks.

It would be like me picking the 300 poorest people and saying they are all a drain on society and trying to label all poor people…

It’s irrelevant to all the hard working well off that own farms, businesses and employ 90% of New Zealanders that the proposed solution - more taxes was aimed at.

A Labour led propaganda investigation aimed at delivering jealousy so they could push their agenda and call for wealth tax/ CGT.
The second article I posted was also interesting.
 
The second article I posted was also interesting.
Yes. Someone solely on income tax might get a low rate; but business in NZ is one of the highest tax rates in the world. Other countries may have a CGT but they might not have our brightline.

We also have a big 15% GST which other countries don’t have… add that 15% onto a top tax rate and it’s up there.

All swings in roundabouts and the whole package is what matters and how it suits each country.
 

NZWarriors.com

Advertisement
If you would like to remove these advertisements, please do so by registering a free account
Yes. Someone solely on income tax might get a low rate; but business in NZ is one of the highest tax rates in the world. Other countries may have a CGT but they might not have our brightline.

We also have a big 15% GST which other countries don’t have… add that 15% onto a top tax rate and it’s up there.

All swings in roundabouts and the whole package is what matters and how it suits each country.
How much is your Taxpayers Union membership Wiz?
 
    Nobody is reading this thread right now.
Back
Top Bottom