Politics 🗳️ NZ Politics

[Noitall]

Fark what a dogs breakfast of an economic update. Somewhat unsurprising but disappointing.

I hate it when govts change the way things are calculated too

Under the previous way it was calculated, a return to surplus around 2030 instead of now 2029. Hard to say the worldwide outlook by then and its ramifications? Feels like dark times ahead

 

[John Nick]

Under the previous way it was calculated, a return to surplus around 2030 instead of now 2029. Hard to say the worldwide outlook by then and its ramifications? Feels like dark times ahead

What happened to the green shoots,??

 

[Noitall]

What happened to the green shoots,??

Not down to them yet. Christmas can be a tricky time though to find any sometimes

 

[Worried2Death]

If I really wanted to confuse him I would say a minimum wage increase without productivity gains actually makes you poorer and the government richer.

Say you work as a hairdresser and get a $2 per hour pay rise. The hairdressing company MUST charge $2 more per haircut. You get a haircut with your new found $2 extra and lose it paying $2 more for the haircut. No let gain or loss, your pay rise must equal increased cost. All basic economics.

Except, the $2 you get gets taxed so you only get $1.80 in your hand. And the hairdressers must charge GST on the extra $2 they must charge so you pay $2.30 extra for the haircut. You gain $1.80 and your costs have increased to $2.30 for a reduction in spending power… damn.

So if the pay rise is directly passed on to the consumer, once tax is deducted and GST is added the Govt makes a lot and the minimum wage worker ends up with LESS spending power.

Isn’t this the economy in NZ over the past few years? Record tax take, record minimum wage growth and REDUCED spending power?

That min wage worker is still only netting $700 wk though, not much change left after rent

 

[Bay39er]

If I really wanted to confuse him I would say a minimum wage increase without productivity gains actually makes you poorer and the government richer.

Say you work as a hairdresser and get a $2 per hour pay rise. The hairdressing company MUST charge $2 more per haircut. You get a haircut with your new found $2 extra and lose it paying $2 more for the haircut. No let gain or loss, your pay rise must equal increased cost. All basic economics.

Except, the $2 you get gets taxed so you only get $1.80 in your hand. And the hairdressers must charge GST on the extra $2 they must charge so you pay $2.30 extra for the haircut. You gain $1.80 and your costs have increased to $2.30 for a reduction in spending power… damn.

So if the pay rise is directly passed on to the consumer, once tax is deducted and GST is added the Govt makes a lot and the minimum wage worker ends up with LESS spending power.

Isn’t this the economy in NZ over the past few years? Record tax take, record minimum wage growth and REDUCED spending power?

If my hairdresser was taking an hour to cut my hair I’d move to another one pretty damn quickly!

 

[wizard of Tauranga]

If my hairdresser was taking an hour to cut my hair I’d move to another one pretty damn quickly!

But an hours fast for a females cut

 

[wizard of Tauranga]

That min wage worker is still only netting $700 wk though, not much change left after rent

But we get healthier homes, less emissions from cows, cleaner rivers, more homes for homeless, cleaner rivers and water, more trees planted, cars on the road going slower saving lives, more buses cutting pollution, no more oil and gas extracted, our dolphins in Christchurch aren’t getting hit by boats, māori got govt departments named in Te Reo, etc, etc

Stop thinking it’s all about you. Big left govt was all about all of us being equal (equally poor)

Can someone highlight the big pro business/ pro growing the economy initiatives (that deliver real wealth) over the past while?

 

[Noitall]

If my hairdresser was taking an hour to cut my hair I’d move to another one pretty damn quickly!

Can’t rush these things. Depends if it’s light manscaping or full brazillian

 

[Bay39er]

But an hours fast for a females cut

Then they would have to put up their price more than $2

You will need to rework your numbers

 

[roguei]

But we get healthier homes, less emissions from cows, cleaner rivers, more homes for homeless, cleaner rivers and water, more trees planted, cars on the road going slower saving lives, more buses cutting pollution, no more oil and gas extracted, our dolphins in Christchurch aren’t getting hit by boats, Maori got govt departments named in Te Reo, etc, etc

Stop thinking it’s all about you. Big left govt was all about all of us being equal (equally poor)

Can someone highlight the big pro business/ pro growing the economy initiatives (that deliver real wealth) over the past while?

Just off of the top of my head.

National 2008ish to 2017:
Christchurch earthquake Investments.
Capping kiwisaver contributions from the bussiness side to 2%

Labour 2017 to 2023:
Wage subsidy scheme and interest-free loans for bussiness over covid.
The blackrock stuff where they set up a 2 billion dallor investment fund to try and achieve 100% renewable energy by 2030.

National 2023 to now:
reversing oil and gas exploration banning.
Alot of inferstructure (roads) plans.

 

[wizard of Tauranga]

Just off of the top of my head.

National 2008ish to 2017:
Christchurch earthquake Investments.
Capping kiwisaver contributions from the bussiness side to 2%

Labour 2017 to 2023:
Wage subsidy scheme and interest-free loans for bussiness over covid.
The blackrock stuff where they set up a 2 billion dallor investment fund to try and achieve 100% renewable energy by 2030.

National 2023 to now:
reversing oil and gas exploration banning.
Alot of inferstructure (roads) plans.

I think Rob Muldoon had bigger vision than the last 20 years of National and Labour. (That’s an insult to the recent govt more than a complement to Rob )

Helen Clarkes knowledge economy push, kiwibank and starting KiwiSaver showed the last bit of vision for NZ.

Productivity died under Key. Ardern actively attacked the economy. Luxons rearranging the deck chairs. Hopefully once we’re out of the economic free-fall he inherited, he has some plans

 

[roguei]

I think Rob Muldoon had bigger vision than the last 20 years of National and Labour. (That’s an insult to the recent govt more than a complement to Rob )

Helen Clarkes knowledge economy push, kiwibank and starting KiwiSaver showed the last bit of vision for NZ.

Productivity died under Key. Ardern actively attacked the economy. Luxons rearranging the deck chairs. Hopefully once we’re out of the economic free-fall he inherited, he has some plans

One might say muldoon did "think big"

 

[Worried2Death]

I think Rob Muldoon had bigger vision than the last 20 years of National and Labour. (That’s an insult to the recent govt more than a complement to Rob )

Helen Clarkes knowledge economy push, kiwibank and starting KiwiSaver showed the last bit of vision for NZ.

Productivity died under Key. Ardern actively attacked the economy. Luxons rearranging the deck chairs. Hopefully once we’re out of the economic free-fall he inherited, he has some plans

Hope so, it's been a slow decline since the late 80's, coinciding with most global production shifting to Asian sweatshops and steady wealth transfer upwards. Lux is pushing it uphill assuming he even has a plan to boost our GDP, looks more like damage control and blaming the opposition today. Don't give up and move to aussie just yet though mate, next year's our year.

 

[wizard of Tauranga]

Don't give up and move to aussie just yet though mate, next year's our year.

Keep the faith mate.

The reserve bank has been like an overzealous ref at a Warriors game, reffing us out of contention.

Inflations almost done and Webby Luxons been building resilience so we’re up for a big one next year.

 

[Teets]

Inflations almost done and Webby Luxons been building resilience so we’re up for a big one next year.

Problem is property prices will start going up again, the extra costs will inevitably trickle down down to renters and mortgage holders, and then that hair dresser is asking for another $2 an hour because they can barely get by. The cycle repeats.

 

[dean]

Problem is property prices will start going up again, the extra costs will inevitably trickle down down to renters and mortgage holders, and then that hair dresser is asking for another $2 an hour because they can barely get by. The cycle repeats.

I doubt property prices will increase much or at all.
Inventory levels of houses and developed sites are at record levels in many areas. Job security is a big issue for buyers. Generally, confidence is low and will take a few years of low interest rates to put life into the property market. Only people talking it up are the usual suspects, real estate agents and economists looking for headlines.

 

[wizard of Tauranga]

Problem is property prices will start going up again, the extra costs will inevitably trickle down down to renters and mortgage holders, and then that hair dresser is asking for another $2 an hour because they can barely get by. The cycle repeats.

We need to fix the housing market then (unleash supply, drop the RMA, reduce council and compliance costs, etc) instead of just paying everyone more because the systems broken, which causes the system to break even more.

 

[Noitall]

Stuff

www.stuff.co.nz

Sounds like Winston copped a bit of grief at a Christmas function

 

[dean]

Stuff

www.stuff.co.nz

Sounds like Winston copped a bit of grief at a Christmas function

Northern Club should suspend those judges and doctors. Just goes to show a few glasses of expensive wine and they are just as obnoxious as the drunk in the bar.

 

[Noitall]

Northern Club should suspend those judges and doctors. Just goes to show a few glasses of expensive wine and they are just as obnoxious as the drunk in the bar.

Probably donates a lot of money and thinks it gives him the right to take a few photos