Labour govt 2020-23

[iceman]

Actually they do.
Despite the huge increase in Government debt under Labour it is still relatively low compared to its peers on a GDP basis. And when that debt is spent on assets it is offset by their ownership of the houses. I would rather debt was spent on assets rather than just spent.

Please do not try to justify Labour’s wasteful expenditure by saying it was capital expenditure. It wasn’t. It was wasted and you know it

[Daytr]

Please do not try to justify Labour’s wasteful expenditure by saying it was capital expenditure. It wasn’t. It was wasted and you know it

Iceman, you are going off topic, I am referring specifically to the increased debt by Housing NZ.

This discussion started with Balance's post about Housing NZ increasing debt by circa $9Bln. Well that debt was largely spent on public housing which are assets.

[Daytr]

370% increase in people living in cars snd tents.

July 21st, 2023 :

Associate Social Development Minster Priyanca Radhakrishnan, under questioning in the House on Thursday afternoon, said Ministry of Social Development (MSD) data showed there were 480 applicants for emergency or transitional housing who listed “a car" as their current accommodation, compared to 102 in October 2017.

Fair enough.
I am skeptical about that number in 2017.
There were entire communities of people that were living in cars etc and gathering for safety.
People applying for emergency housing and people living in cars & tents don't necessarily mean the same thing, I.e how many in 2017 didn't apply as housing as an issue was swept under the rug by National.

You complain about, the waiting lists increasing & you complain about the Government proving more emergency & state housing. We'll if they hadn't spent money on emergency housing or State Houses the numbers of homeless would have skyrocketed into an epidemic.

The real issue imo is Labour's tinkering with the investment property rules & allowances. This certainly impacted the private rental market.
More recently the huge amount of immigrants who don't have residency has put more pressure on the rental market.

[Balance]

Iceman, you are going off topic, I am referring specifically to the increased debt by Housing NZ.

This discussion started with Balance's post about Housing NZ increasing debt by circa $9Bln. Well that debt was largely spent on public housing which are assets.

Expensive and over-priced assets.

Dumb, stupid, incompetent and typical of the spendthrift with no accountability government of Ardern, Hipkins and the Maori cabal.

[Aaron]

https://www.nzherald.co.nz/lifestyle...N6DKPGKMYA23I/

Why Kiwi couple moved to Australia - and saved enough in a year to travel the world

Thanks Labour for converting Kiwiland into a Third World hole and Crime cesspit in record 6 year timespan

This commentary in the Article makes interesting reading

Like this one?

“Starting with having to pay less income tax.
“An average Australian full-time salary of $95k requires you to pay roughly $21,300 income tax per year.
“In New Zealand, on the same salary (if you can find a job that pays the equivalent), you would be required to pay around $23,200 in income tax per year.”

Tax in NZ on $95k would be $22,270 but maybe she takes into account the deductions.
Also in Australia there is no income tax on the first $18,200 how do they manage that?

$0 – $18,200 0% Nil
$18,201 – $45,000 19% 19c for each $1 over $18,200
$45,001 – $120,000 32.5% $5,092 plus 32.5c for each $1 over $45,000
$120,001 – $180,000 37% $29,467 plus 37c for each $1 over $120,000
$180,001 and over 45% $51,667 plus 45c for each $1 over $180,000

Looks like it is very progressive income tax rates that allow the reduced burden on low income earners. 45% over $180,000. Chris Luxon can't even stand 39%.
She also does not mention capital gains tax, probably as she is flitting around the world blogging.

She is right though Australia does appear to be a lot better, but not for the reasons stated in the article.

Reading the opinion of airhead influencers is probably bad for a person's understanding of the world.

Blaming Labour for NZs situation is a bit rich. Tax policy has hardly changed between Labour and National over the years. John Key and Jacinda Ardern were in lockstep when it came to tax. "No capital gains tax while I am Prime Minister" seems to be a requirement to be PM in NZ, although Chris Luxon has not said it, in his case it goes without saying as we lean more towards third world policies of lower taxes and smaller govt.

Labour was a good example of why bigger govt is not better and the money wasted while not achieving much at all was terrible but to take a selfish self-centred "I'm alright Jack" approach to policy like Seymour and Luxon is also probably not in the nations best interest.

[Panda-NZ-]

The only tax National/Act might have a point with is the payroll tax across the ditch. Not progressive taxes or CGT and all that stuff which are commonplace among more developed societies.

I guess the Aussie states need revenue.

[iceman]

Iceman, you are going off topic, I am referring specifically to the increased debt by Housing NZ.

This discussion started with Balance's post about Housing NZ increasing debt by circa $9Bln. Well that debt was largely spent on public housing which are assets.

Much of the increased debt is for endless and repeated maintenance or rebuilds due to idiots continuously damaging the houses they have provided for them. Labour's no eviction policy caused a major increase in damage because people know they will never be evicted. Idiotic.

[nztx]

The only tax National/Act might have a point with is the payroll tax across the ditch. Not progressive taxes or CGT and all that stuff which are commonplace among more developed societies.

I guess the Aussie states need revenue.

Remember Robbo's prize pet project - "Unemployment Insurance Scheme" ?

https://www.newshub.co.nz/home/polit...not-a-tax.html

'Not a broken promise': Grant Robertson says new unemployment insurance will be paid via levy, not a tax


Then things started to turn

Ironically the fat boy got made unemployed and sent skidding down the road and this pie in the sky
scheme never got go before another ditching .. with much pre-requisite wasted cost & energy ploughed in behind the scenes in the usual Labour wasteful manner


And just for measure - the Aussies don't need to look far for what generates their revenue.

Different story here .. and most intriguing when it comes to a certain bunch of Economic Incompetents and Retards trying to fill the bucket to cover projects which invariably have left them with nothing to show for what got spent.

Here in NZ the Labour Govt squatters have often had to resort to navel gazing to generate revenue
after shafting what is and was standing badly over in cycles of the Socialist greed to wastefully fund
poorly planned & executed squander ups on projects that never got off the ground past the vast chapters of fees, consultamnts and other feel good palm greasing

[nztx]

Expensive and over-priced assets.

Dumb, stupid, incompetent and typical of the spendthrift with no accountability government of Ardern, Hipkins and the Maori cabal.

There usually always has to be some sort of bubble under any Labour Govt looking back
to which the fast money does flow and all the flaws & nooks & crannies of Labour's
incompetence in creating that bubble then gets exposed..

Then it's game over, the fast money retreats, usually the Labour Govt's incompetence
with over correction to fix what they then saw & didn't like then leaves large swathes
damaged, in trouble or severely harmed out of Labour's interference in things in
the first place


We saw plenty of that in the past six Labour years .. how many times did the Fat Boy shoot from the hip ?

Each time casualties or targets left injured .. Have to love Labour Governments

They sure know how to fire fast ill thought-out rounds and take both their feet off in close succession ..

Then they undoubtedly must wonder why they got kicked into the gutter by Joe Public

Slow learners perhaps .. or just went to School / Uni for the good times & parties ?

[iceman]

Treasury reports out this morning show that Government expenditure has increased by 73% between 2018 & 2024. Great management.