No they are looking at reducing funding. Sounds like a good money saving move.
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More like 'getting your country backward' - so far all they have shown is that they can undo things, sensible or not.
Removing the dual mandate for the RBNZ as if that was the cause of inflation when even the RB governors say it wouldn't have changed their decisions.
Without considering employment you can (under certain economic conditions) decrease inflation only to increase unemployment to the detriment of the country as a whole.
Make workers compete with workers to drive wages down rather than make businesses compete with businesses to get workers (or, heaven forbid, businesses actually invest and increase productivity). We end up where we are - a low-wage economy with poor productivity.
Making a change just for the sake of it (Trump was good at that).
We end up where we are
Was that a budget?
Certainly not mini, a pico budget maybe?
Still no idea where the tax cut money is coming from.
Seems that the country is in a real mess but don't worry about it if you are a landlord or rich - National has your back (spending money they say we can't afford).
Still, as a landlord I'll make a good chunk more money on tax-free capital gains and will be able to grab them after only 2 years.
If the dual mandate doesn’t effect RBNZ decisions then why have it? Make your arguments make sense.
Looks like a nice easy win for the coalition:
Person A: “Hey, inflations really dropped over the last year.”
Person B: “Yeah, the new government has changed the RBNZ mandate & it has certainly done the trick.”
Yup. Textbook socialist control: The new Government promising to reward private organisations with taxpayers’ money provided they behave according to government policy. BTW both National and Labour have various socialist policies. Most modern parties do.
The strength of your argument should not necessitate a personal attack.
It can affect their decision but hasn't under the setting that they were trying to fix.
As I said - under certain scenarios it does affect decisions and would probably result in less unemployment and higher wages.
As I suggested - it is optics and person B isn't thinking a lot. But that's National and the current Govt for you!
Inflation has dropped over the last year - with the dual mandate!