It's labour internal polling & a fluff piece but to me it holds as much credence any polls funded by the TPU.
www.thepost.co.nz
Yes, I guess that's my point around borrowing, credit ratings and our ability to pay it back. I think agriculture can still be a large part of the economy, tourism is struggling to recover, we have reluctance to utilise natural resource like Australia does, we don't have a big consumer spending base to go to like USA does. We really need to be quite prudent in what we want, how much to spend on it and how it's funded.
And prudent on how we generate tax income.
Some of it is well deserved.
Yes, like I said, prudent to how it is funded. You have to have a productive economy as the base though don't you. When it comes to a CGT or wealth tax, which I assume you are alluding to here, you need to be mindful of what outcome or outcomes you are trying to achieve.
I think in the clean world we strive to be that our clean green mantra of yesteryear could be a huge asset to us in tourism if we’re able to return to it. As consumers we zone in on government spending, and that was the interesting listen to Garnesh Nana this morning, it’s actually us the public that are borrowing more than ever. That coupled with alterations to what we’ve historically known to be covered in our taxes is going to either take a big attitude shift or challenging the powers that are telling us this is how it’s going to be
Right through the lead up to the election and showing their budget for planning, they were constantly told that their numbers didn’t add up. It now looks as though that was always the case
No it was more a general comment about tax. How we tax people and corporations
That 'clean green' mantra is also of benefit with agriculture, dairy, horticulture etc and we should be trying to extract higher value for that where possible.
Possibly, there is always going to be elements of that from both sides. What I did see was an inability by the previous government to acknowledge that there was a cost of living crisis and an inability to reign in spending so I tend to have little faith in their commentary. Especially with projects either underfunded in their budget or not even included. Light rail for example
www.stuff.co.nz
Have you ever heard a turkey say they thought Thanksgiving was a great idea?
We could always cut out the tax cut hey.Possibly, there is always going to be elements of that from both sides. What I did see was an inability by the previous government to acknowledge that there was a cost of living crisis and an inability to reign in spending so I tend to have little faith in their commentary.
When it comes to the Dunedin hospital case the biggest issue I think is that it was used as a bit of a political football during elections. Put that to the side and there are a few issues. To name a few, the size of the spend versus the population, the effect of meeting the blow out cost in other areas of funding throughout the country, and then there is the actual costings which apparently didn't cover everything to start with
"The Government has already committed an additional $290m to the build this year. Insufficient money had been set aside for other associated costs such as a pathology lab, refurbishment of the existing facilities and car parking which are collectively estimated at an additional $400 million. No business cases have been prepared for any of these additional elements of the project."
Stuff
All around not a great look. If it was me I would just fund it through debt and cutting back in some other areas where I could. At least you are getting a tangible asset out of it.
Agriculture as the farming sector is also to some degree by some very unwilling to commit to goals around emissions or many things to the benefit of the environment. That’s not to say all though. There have been the birth of some parts of farming too like groundswell that at times is hard to gauge their motives. There should always be a willingness from every sector to cut the chain to the weakest link and when seeing some farmers practises of cows and sheep deep in mud or a general lack of care for the animals, those need to be moved on. Just like most though, a fascinating industry to see the changes and adaptations. On the second part of your post regarding our spending habits, I just don’t believe the world or the banks learned anything from the gfc in 2008 and we’ve just sunk deeper. We’ve had some adversity too along the way but so many factors really that are associated to banks for us the consumer. Things like a false economy with such low interest rates and many more
It wasn’t only the then government saying it though, many economists also saw holes in their numbers. The then government acknowledged a cost of living crisis through cost of living payments that had many elements that were a failure, like going to people overseas etc but probably as unlikely as the current governments tax cuts to provide relief to people in desperate times realistically. I agree regarding the hospital though, it’s an investment that is always going to be requiredPossibly, there is always going to be elements of that from both sides. What I did see was an inability by the previous government to acknowledge that there was a cost of living crisis and an inability to reign in spending so I tend to have little faith in their commentary.
When it comes to the Dunedin hospital case the biggest issue I think is that it was used as a bit of a political football during elections. Put that to the side and there are a few issues. To name a few, the size of the spend versus the population, the effect of meeting the blow out cost in other areas of funding throughout the country, and then there is the actual costings which apparently didn't cover everything to start with
"The Government has already committed an additional $290m to the build this year. Insufficient money had been set aside for other associated costs such as a pathology lab, refurbishment of the existing facilities and car parking which are collectively estimated at an additional $400 million. No business cases have been prepared for any of these additional elements of the project."
Stuff
All around not a great look. If it was me I would just fund it through debt and cutting back in some other areas where I could. At least you are getting a tangible asset out of it.
Examples. RMA reform at one end. Improving education standards at the other end.
In this analogy you don't hear the turkeys that don't have enough to eat saying they don't want more food.
Even blind chickens get a bit of corn from time to time
Is that enough to negate some of the changes that will effect productivity the other way? I'm not sure it will
Only time will tell. Personally I see us heading in a better direction now in this regard than previously. Appreciate others see it differently.
