He's sucked in by the blue brochures.
Not quite apple level marketing, but it's effective on some. They do have $5m+ to throw around this election.
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BS. You’re being very disingenuous.
Labour has no plans to reduce debt. In 6 years they’ve taken our borrowing from $60 Billion to $160 Billion.
In 5 years they’ve increased total annual Government expenditure from $ 99B to $160B (who knows how bad this year will look), with a forecasted increase of $92.5 B in the next 4 years. Then they announced $4B in savings so this increase should drop to $88.5 B.
Big deal.
They’ve increased annual Government expenditure by 9% per year since the took office, up from 1.5% in the last 5 years of the previous Government.
They’ve recently announced they already need to borrow $15B more than they had in the budget in May. How on earth can you say they will reduce debt ?
Backlash grows over Chinese companies purchasing land in the U.S.
https://www.youtube.com/watch?v=2IMaeZlES3Q
Concerns include national security risks (ie, setting up spy bases).
National knows better of course.
Most of you guys got it all wrong. As i've mentioned before, in support of Milton Friedman's belief, the only way to control gov't excesses (spending) is by lowering taxes. Never believe that any party being voted in, will managed to voluntarily LOWER their expenditures WITHOUT lowering the tax revenue.
I'm all for this coming election, voting for any party that looks to lower taxes... plain and simple.
Nothing can stop spending related to an aging population.
Though we can fund it by NZ super fund and ringfence Kiwisaver for retirement purposes only.
Over in America they have 'estate or death taxes' which applies to amounts OVER $11M USD. There are many individuals in the 9 or 10 figure status living there and have no issues paying that tax. Why doesn't NZ have a tax like this? For which instead, NZ attracts the very wealthy to park their $ in owning massive #s of houses, and never pay a dollar in tax on the capital gain?
Over in America they have their 401K plan which allows individual to make withdrawals as a deposit to buy their first home. Likewise in Canada their RRSP plan allows individuals to withdraw and buy their FIRST home. UNLIKE NZ's Kiwi Saver which is taxed annually on many of the paper gain share investments, both the 401K and RRSP use 'deferred' taxation. But the deferral of this tax (upon withdrawal at retirement) can be avoided when used to acquire a home. How come NZ doesn't understand this model? Why do houses remain a tax free status on the capital gain, while FIF funds for the working class under Kiwi Saver have to pay FDR like taxes?
That my friend is the reason why NZ has fallen down to the bottom of the OECD productivity index. Far too much of our wealth is tied up in houses and not into business ownership.
"Governments will spend, what ever the tax system will raise, PLUS as much more as they can get away with" - Milton Friedman
https://youtu.be/HoZHXOPepWU
and for those that don't know where inflation comes from:
https://youtu.be/F94jGTWNWsA
probably well over the head of most peoples understanding in NZ.
Are you and Blue Skies sitting next to each other? National can’t offer tax cuts cos ‘we fink theres a hole in numbers’, but Robbo wastes untold billions and takes government spending through the roof and beyond and ‘it’s all ok cos ‘fully costed’’. Turn it up!
Sorry fellas, nobody is falling for the bizarro world bs anymore, except for rusted on Labourites and wooly headed Greens supporters.
How many millions will the Unions throw around attempting to vilify Luxon so that they can continue controlling the country via their parliamentary political wing, Labour?
The relationship between Labour and the Unions is so close they are basically the same entity. Union members pay their dues - which end up funding attack ads and an army of on-line trolls, while at the same time the Left howls about the donations that National gets. It is beyond time that there was a formal inquiry into the role of the Unions in subverting democracy in this country, including via their connections with the media. There needs to be full transparency via a formal process, as the journos - members of the Union movement themselves - aren’t going to do any digging.
A meagre 400k apparently (a significant portion from deceased estates).
https://elections.nz/democracy-in-nz...loans-by-year/
NZ unions are so ineffective today in every respect, they may as well become company unions.
Yes of course you're quite right, I expressed that the wrong way. I just added that as an after thought at the end of my post & meant to argue I think Labour's targeted $3.6 Billion in savings is more realistic & responsible, for reducing the amount needed to borrow (rather than reducing the overall debt) than Nationals proposed $14.6 Billion tax cuts.
The main concern I have is around National's $14.6 Billion tax cut when we already have so much debt plus the very shaky & perhaps unrealistic forecasts of how they are going to fund them without further borrowing or increasing GST.
Even HdPA said & Barry Soper agreed, National's forecast funding figures are 'ludicrous' but many seem prepared to overlook this as they want a change of govt.
And Matthew Hooton said people are being conned if they believe the tax cuts will be fully funded.
Instead of the National tax plan, how about we increase pressure to lift wages instead.
It would boost govt revenue (rather than cost $14b) through both income tax & GST. Then we can afford to pay for some of that spending.
When the Labour-led Government took over the Treasury benches in 2017, total Crown expenditure was $ 99b a year.
Over the previous five years — 2012 to 2017 - that number had grown from $ 92b. So the total growth in government spending immediately before their arrival was $7b or 7.6 per cent over that five years, about 1.5 per cent a year.
In 2017, the election resulted in the Labour-led government being installed. In the five reported years since then (2023 results are not yet published), our total government expenditure has gone from $ 99b in 2017 to $151b in 2022.
The increase in total Crown expenditure over that five years is $52b or almost 9 per cent a year.
As if this wasn't enough, in the 2023 Budget unveiled in May, the Government announced plans to spend an additional 32 per cent over the following four years to 2027.
This would amount to a further increase of $92.5b by 2027 on top of the excessive spending that has been allowed to build up over the past five years.
https://www.nzherald.co.nz/business/...embarrassment/ paywalled
You cannot argue with either panda or blue skies, they will always ignore or deflect. Their only motivation is to attack National constantly so that the Left can continue with the creeping roll out of socialism and a 'tear it down to rebuild' approach to our society. What they are actually doing is wrecking the country. The Left have carefully thought out slogans and lines of attack. They know they must bribe or brainwash enough of the middle class to get the votes to keep power, so you get sloganeering like 'nine years of neglect' and 'unfunded tax cuts'. I absolutely have no problem with National offering tax cuts because they have absolutely no option when they are up against Socialist whole entire raison d'etre is to borrow, spend, and bribe. When you see the chronic mind-boggling waste and staggering spending of this Labour government, I have just one message to anyone wanting to pipe up about National's purported 'dodgy numbers': go and get stuffed. I hope the Left get smashed at this election, the thought of putting LABGREETEPATI into power is akin to letting termites attack the foundations of your house.
I'm not saying that all that spending is justified however a couple of points.
1) A lot of that expenditure was used for the Covid response.
2) it's easy not to increase spending if you don't do anything besides build motorways. National under invested particularly in health, education not only not keeping wages in line but also not looking after the infrastructure. The next Government coming in had to remedy those short falls.
3) Government spending isn't immune to inflation.
4) There has been a lot of wasteful spending by Labour.
Yeah, good one. National's counter to Labours lolly scramble: "we'll increase pressure to lift wages". That'll go down well with the sheep out there who - thanks to the Left - have an expectation that every budget and election will be a massive giveaway.
Beat the Left at their own game, then overturn their social engineering and attempts to turn NZ into another Greece.
National's numbers on foreign buyers tax are 'bulls**t' says economist | Newshub Nation.
https://www.youtube.com/watch?v=LaKr-P5nZUIQuote:
Economist Shamubeel Eaqub calls National's numbers on their foreign buyers tax 'bullsh*t. He unpacked National's tax policy with NZME head of business Fran O'Sullivan this morning on Newshub Nation today.
Yeah, it's a pile on alright. The media going into overdrive to try to turn the poll numbers around. The only thing that is bulls**t is Labours 'borrow, spend, and waste' approach to governing. Or 'misgoverning' should I say.
The door must be barred to the LABGREETEPATI monster and I fully endorse any realpolitik steps National has to take to ensure that.
You have to beat the Left at their own game. You clearly don't read my posts. It's realpolitik and it is needed.
Robertson borrows tens of billions of dollars, and then claims to find 'savings'. Tired of repeating myself really, this entire contrived tactic from Labour to howl about numbers is exactly that: contrived. It's a cynical game being played to the Lefts on-line trolls, and media lackeys. This time around not many people are going to buy this cra*p about Robertson carefully balancing the books while 'National have a hole in their numbers'. It's just a bs narrative.
Nobody even knows Labours policies: vote them in and you get co-governance, 3 (now 10) Waters, a mumbo jumbo school cirricumlum, a whole lot of mega-mergers nobody needs.....I shudder to think what could be unvieled if LABGREETEPATI were to take power. I reckon Hipkins would be gone in short order and then the lefts agenda will go into overdrive.
It's been well critiqued and National’s policy has been found wanting. How on earth could the tax money from foreign purchases be that far out? 70% of purchases? Really?
From memory total foreign purchases pre the ban were about 3% of the market. Just say its 10% on properties over $2M, it still means National’s number is $600M out!
What else have they miscalculated by multiples?
The chaos has already begun before they are elected. I can't wait for the babbling Luxon to be interviewed on RNZ in the coming week.
It's an almighty and really stupid blunder.
Doesn't anybody check the numbers before they are made public?
Just ridiculous.
Imagine how lawless NZ would be if police numbers were cut to fund the $20/w tax cuts.
That won't be happening. Just the proliferation of thumb twiddlers will be on the chopping block. As far as landlords go, all that is happening is that something that Labour brought inn will be repealed. And it's their own money. 'Hand-outs' are what is going to the tens of thousands of people sitting on 'jobseeker', over 35,000 of them on that benefit for more than 1 year while businesses are crying out for workers.
Chump change from the performing chump that saw Robbo with a Nothing budget in election year and tenure as leader only say how many on front bench decapitated and thrown into the cupboard ;)
How many large pet projects from Robbo have Labour now thrown in the can in just the last 12 months ? ;)
Now we all see flight of the desperados who empty tin and realise that they are going to be biffed out by most Kiwi's in a large avalanche like yesterday's rubbish :)
I couldn't care less red panda, my principal motivation is to stop the LABGREETEPATI monster from taking power. That is imperative for the future of this country. The Left have a number of priorities: end farming, continue increasing the public service, continue the co-governance and 'decolonisation' agenda - with the school cirriculum being their next tool, continue the brainswashing of the public.....sorry red panda, it ain't happening.
Don't think Farmers are looking too wealthy with this year's trade news, higher interest rates, seasonal weather patterns & the impost of an avalanche of further bureaucracy brought on by the Labour/Green's halfwit crew of blind incompetents .. ;)
Is news slow reaching your remote cave ? :)
'Too Many Cows' banners in Parliament from 'Greenpeace' protestors, protestors whose leader is a verified Marxist writing columns under a picture of Karl Marx with the words 'I'd rather have a revolution than a Labour government'. Charming. And meanwhile their Marxist mates in the Green Party gleefully take photos. James Shaw is a closet Marxist, so is Marama Davis - and probably Robertson and Hipkins are as well. And ther rest of them. They can't have the violent instantaneous global revolution that they crave, so here in NZ they go about it gradually and by stealth.
He isn't, of course, the only one who thinks at least 2 of the incomes don't add up - the tax on gambling and the foreign buyers tax.
I don't disagree with the policies but the numbers don't add up (though I don't see the benefit of having foreign buyers purchasing our houses).
And that's just the start!
Sums things up
Attachment 14733
It's still pretty obscure....who goes to 'Newshub' for info(?)
The only more useless than tits on a bull is an economist. They are a pack of no-nothing attention seekers who were too ugly to go into showbiz so became 'economists' instead. I don't know how some of them sleep at night, nothing but bought-and-paid-for shills for the property industry & propagandists for the retail banks.
What else could be expected from left wing (Aussie) cartoonist Rod Emerson? Every day it's another pathetic attack on the opposition. It's actually weak and gutless to just exploit his position in this way: even a left winger like Tom Scott knew enough to be even handed - and he would certainly dish it out too both sides. The New Zealand Herald is a disgrace for allowing this stuff to go on day in and day out. The clear bias is a reason why centre-right voters have abandoned that newspaper.
How many economists does NZ have? let alone ones who will speak often to the media.
Fascinating that you judge Emerson as biased based on 0ne cartoon.
I have seen his cartoons facing the other way.
Typical right-wing - attack the person rather than the principle.
You seem to be a bit sensitive at the moment.
I suppose you would prefer Tremain like the unbalanced one?
'Fascinating that you judge Emerson as biased based on 0ne cartoon.'
----
What a dumb assumption: that I would have judged him on one cartoon. Have seen plenty of Emerson cartoons. Have also seen a Auckland council meeting where Maurice Williamson wanted to do a small slide presentation and a left wing councillor countered by saying he'd want to do a presentation with an Emerson cartoon. And of course Robertson used a Sharon Murdoch cartoon as a prop in Parliament this week.
Why is there talk from National of "running the economy".
Yes comrade we have successfully run the economy. Our potato and turnip production is reaching new highs under the careful stewardship of politicians. - Luxon
It's nine am on a Saturday The regular crowd shuffles in There’s some old men typing furiously Making love to their party therein They say, “Son, can you follow me”? I’m not really sure that you know But it’s sad and it’s bitter and no better than twitter When I wore a younger mans clothes La, la-la, di-di-da La-la di-di-da da-dum Sing us a song, you’re the politico man Sing us a song today Well, we’re all in the mood for a malady And you got us feeling all bad. Now John at the bar is a fiend in mind He thinks that everything’s free And he’s quick to joke or light up joint But there’s nothing he will agree He says “Bill, I believe this is killing me” As the smile ran away from his face “Well, I’m sure that I could be a journalist” If I could get out of this place Oh, la, la-la, di-di-da La-la di-di-da da-dum But now Paul is a political novelist Who never had had time for a real life And he’s bagging Davy who’ll never leave the Navy And probably will be for life And the waitress is practicing decorum As the businessmen are already stoned Yes they’re sharing a drink they call desperation But it’s better than drinking alone Sing us the song, you're the piano man Sing us a song today There’s no one taking you seriously No one is feeling alright It’s a surprisingly good crowd for a Saturday Wasting their whole day posting here giving me a smile Cause he knows that it's me they've been comin' to see To remind me about how politics is vile And the piano sounds like a criminal And the microphone smells as well And they sit at the bar and put bread in my jar And say, man what are you lot really doing here. Oh, la, la-la, di-di-da La-la di-di-da da-dum Sing us the song, you're the loser men, lost in your political dreams Sing us another song tomorrow We won’t read that either And you’ve just wasted another day of your life posting, BS all day and into the night
Apparently today Luxon going to unveil his personal priorities in the form of a pledge card
Heaven forbid if he thinks that’s going to change punters perception of him
Going to go down in history as the guy who lost the election which he should have won in a landslide
It has taken one of the most concessionary tax regimes for housing and investor housing in the OECD to get where we are today. (No general CGT, No stamp duties, no Stamp duty surcharge for second homes, etc.). Also tightening up of overseas buyer ban, negative gearing and bright line tax occurred after much of the price surge occurred.
The ‘COVID-19 stimulus’ price surge was when things went really nuts, Reserve Bank and government moves to prop up the market were instead seen by a stupid populace as a signal to go ‘all in’ on property. OCR was at 0.25% and spruiking ‘property experts’ were telling everyone that prices would double every 5 years….and the lemmings believed them. As soon as inflation showed up in a big way the ‘irrational exuberance’ party was pooped.
Oh no.......Pledges, - another ghastly Americanism, we don't do this Pledge thing.
It's like when Chris Luxon momentarily went off script joking to Nicola Willis the tax cuts will mean she (on over $200,000/ year & owning 4 houses) will once a week be able to afford Ben & Jerry's ice-cream instead of Tip Top !
Apart from falling flat & tone deaf, why would anyone choose an American corporate brand, Ben & Jerry's over any of our bespoke Premium brands which leave Ben & Jerry's for dead.
NZ makes some of the best Premium brand ice-cream in the world, our cows are grass fed.
Chris Luxon is a fast learner but has spent too much time overseas & not long enough back here yet.
And he's got no sense of humour, another deeply troubling concern!
Yep, the plot is being lost in this election.
Will the Tamakis be able to rescue us?
With the others winging it, we need a prayer from somewhere.
Maori and Pacifica have been taught to think of National as ‘the Pakeha colonists party’.
I think Maori believe Captain Cook was from the National Party, as was General Cameron. Never mind that the two ministers who achieved the most on treaty settlements and redress were Doug Graham and Chris Finlayson, both from National.
Not sure what you are referring to as ‘medieval’. You think he’ll advocate for burning ‘witches’ and bringing back the dunking stools when he’s PM? It was the second half of the 20th century when a few things were legalised / normalised that had previously actually been against the law. As a Christian I guess Luxon just reads his Bible - which is purportedly the literal word of God - and he objects to anything that God objects to. Any non-christians among us just have to tolerate them and their beliefs I suppose, but it shouldn’t preclude them from standing for Parliament or being political leaders. Apparently Muslims are pretty strong on ‘upholding Gods rules’ as well, so it’s not just Christians like Luxon.