So tell us, where has that worked? How do you go about outlawing private lending, and loan companies springing up? Banks are about the only thing that can be controlled.
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This from Tony Alexander today:
"Wages growth will soon accelerate however as firms start to compete more aggressively for staff. The more
interesting phase will come when staff realise that for the first time since 2007 they are in a strong
bargaining position and start demanding much more generous remuneration. In the absence of a
productivity-driving surge of business investment this will naturally concern the Reserve Bank (too bad), and
be one factor producing upside risk to interest rates this cycle "
I was agreeing with the idea of making it harder to buy multiple properties. Higher interest costs from second and third tier lenders would also work. A CGT will be a lot easier, and should push more investment into business enterprises, where more jobs would be created in general.
Does he not, I wonder how he would cope with this lot then:
Business confidence on a high -
http://www.stuff.co.nz/business/industries/9680215/Business-confidence-on-a-high
Strong results at Karaka 2014 - http://www.scoop.co.nz/stories/BU140...araka-2014.htm
Health insurers' pulse stronger after four-year lull -
http://www.stuff.co.nz/business/indu...four-year-lull
2014 New Vehicle Registrations Off to a Rip Roaring Start -
http://business.scoop.co.nz/2014/02/...roaring-start/
Aussie firms told to eye NZ -
http://www.stuff.co.nz/business/bett...told-to-eye-NZ
Looks like more than just something is going right for NZ. That's all good news for all of us..
How could you force second and third tier lenders to charge higher interest? There are plenty of people who buy houses with cash anyway.
Not sure why CGT would push money into businesses. Labour's proposal covers businesses, shares, holiday homes, gold, silver, art, vehicles, any investments including collectables - there are no exemptions as I understand it. And don't think for a moment CGT will lower property prices or demand. It never has anywhere else,
So my collectables will be taxed. I have five or six penny blacks, together worth more than several Remuera homes. I put them in an envelope and take them to USA/UK or somewhere and sell them - how in hell can they tax that? (I do have a stamp collection but few valuable stamps). All the Goldies will be gone from NZ as soon as this lunacy starts. My shares will be sold and replaced by foreign investments - but don't worry, it will never happen - The fat hun made certain of thet today with his vitriolic attack on Key
Russel Norman is trying to make mileage out of the Govt. not finding enough oil & gas. Russel, give them a chance, it is coming. You don't want to see the Govt. to find more oil, so what's your problem. I feel sorry for the Greenies who will have to protest down off the Otago coastline in winter as opposed to the North Islands East coast in Summer - not.
This from ZB's website/
The Government is being told it's failed to deliver on its promises when it comes to the oil and gas industry.
The accusation's being levelled by the Green Party, a bitter opponent of initiatives the Government's allowed around deep sea energy prospecting.
Party Co-leader Russel Norman is citing Statistics New Zealand figures that show exports of oil and related products have fallen by almost 50 percent since 2008.
"They're talking about this industry as the great economic nirvana or savior for New Zealand and we're simply pointing to the facts, which is that it can't be the economic savior and nirvana for New Zealand. Just look at the numbers."
Click moaning Norman for the direct link.