Nat/act/nzf 2023

[tim23]

Agreed, however there are a swathe of people that have got pretty wealthy at least in NZ terms based on the current structure and they are unwilling to rock the boat.
Neo-liberalism for the last 40 years has basically been about underfunding Governments and enriching the already wealthy with privatization, keeping wages suppressed and not taxing the massive capital gains. The wage suppression thing became a bit unstuck in recent years, however I suggest we will be back to the status quo under this coalition Government.

Trickle down theory- trouble is it’s just that - a theory not a reality.

[Panda-NZ-]

It works for those who it is intended to work for ..

[Bjauck]

This government should be prioritising policies to help redirect some of the over-investment in real estate into keeping NZ companies capitalised and owned and listed in NZ. Perhaps KiwiSaver contributions directed to a local NZ fund invested in NZ could be rebated against income tax. Pension funds in other countries tend to have a rebate scheme and home country bias.

‘However it won’t be done as the vested interests lie overwhelmingly with existing real estate owners and keeping the increasing prices/constrained supply for the demand dynamic alive.

[Panda-NZ-]

There's reasons to be disillusioned with the capability of management in NZ -> FBU, RYM, AIR etc

If we invest in better companies overseas that could more than offset foreign ownership issues. Then do what you like on the regulation side to improve minimum wages, employment standards, employer contributions for kiwisaver to match the Australian rate and make them pay for it.

In a recession the USD would decrease which offers more protection for investors.

[Balance]

This government should be prioritising policies to help redirect some of the over-investment in real estate into keeping NZ companies capitalised and owned and listed in NZ. Perhaps KiwiSaver contributions directed to a local NZ fund invested in NZ could be rebated against income tax. Pension funds in other countries tend to have a rebate scheme and home country bias.

‘However it won’t be done as the vested interests lie overwhelmingly with existing real estate owners and keeping the increasing prices/constrained supply for the demand dynamic alive.

Do what Singapore does with public housing - problem solved.

Simple.

[Balance]

Do you have any idea on how many welfare recipients are actually in the "parasites and losers who choose to be on welfare as a lifestyle choice" category?

I agree that one is one to many but is the solution worse than the problem? A sledge hammer to crack a walnut!

Do you?

And why is using a traffic light system to require beneficiaries to live up to certain requirements and responsibilities a sledge hammer? Anyone who works for a living have to fulfill certain obligations and requirements to receive their pay.

Are beneficiaries so privileged and entitled now in wokeland that they are untouchables? They simply need to put out their hands and be entitled to handouts with no obligations or scrutiny? And in the cases of solo mums with multiple children with multiple fathers, simply screw around, have babies and the state will provide?

Fxxk that for a bloody joke.

[Bjauck]

There's reasons to be disillusioned with the capability of management locally -> FBU, RYM, AIR etc

If we invest in better companies overseas that could more than offset foreign ownership issues. Then do what you like on the regulation side to improve minimum wages, employment standards, employer contributions for kiwisaver to match the Australian rate and make them pay for it.

In a recession the USD would decrease which offers more protection.

There are also some well run NZ businesses (IFT, FPH, MFT, SUM), and companies which have ended up being taken over and or relocating overseas. A greater NZ based shareholder base and access to capital to expand may mean fewer off-shore relocations. A greater depth of NZ based companies may mean more talent for NZ companies.

Anyway rebating the tax deducted before the KiwiSaver contributions are made, whether it ends up in good overseas companies or supporting local companies, would be a step to even up the attraction of KiwiSaver compared with the leveraged tax free capital gains from investor real estate.

[Panda-NZ-]

Mexican company Finaccess capital bought RBD for $9.45 per share ($3 today) so sometimes it doesn't work well.

Buying into power companies, ports and other infrastructure is a real concern though, in theory we could regulate on price and other areas of interest. That may cause some diplomatic and trade tensions though.

[iceman]

Maybe they would own the ex-rentals?

There will always be a need for some rentals for transient and young people etc but we have gone further than that.
We changed houses from being for housing to being a capital gain play - the greater fool theory.

No they wouldn't. There is and always will be a big demand for private rentals but some of you don't seem to accept that.Not everybody can or want to own property, temporarily or permanently, but everyone wants a home.

[Panda-NZ-]

It's a shame Luxon couldn't showcase his skills to get infrastructure back on track. Deliver them earlier, at a lower cost for taxpayers. Dazzle us with delivery.

Scrapped projects:

Pumped hydro
Light rail
Ferry Upgrade
Improved Water infrastructure