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  1. #6621
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    Quote Originally Posted by fungus pudding View Post
    And 28% makes PIE income that much more attractive when marginal rate increases from 33 to 39%. That's why we might see a lift in NZX PIEs, e.g. LPTS.
    I agree. Property in general - investments that have a large proportion of their returns as capital gains - will see an increase in their relative appeal. Labour ruled out a CGT!

  2. #6622
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    No doubt someone will get around to changing the name of this thread - or starting a new one.


  3. #6623
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    Quote Originally Posted by macduffy View Post
    No doubt someone will get around to changing the name of this thread - or starting a new one.

    Maybe Jacinda is having nightmares that, like Jack Nicholson in "The Shining", Winston will pop up in the first post election Cabinet meeting exclaiming "I'm back!"

  4. #6624
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    Quote Originally Posted by fungus pudding View Post
    And 28% makes PIE income that much more attractive when marginal rate increases from 33 to 39%. That's why we might see a lift in NZX PIEs, e.g. LPTS.
    We might also see a new higher PIR rate?

    Well done Labour, out nationaled National.

    1/ Won't touch your tax free capital gains
    2/ Won't touch your national superannuation "entitlement" (at least National proposed to raise the entitlement to 67yrs)
    3/ And went one further promising to protect the aging baby boomers from Covid-19 at the expense of the next generation

    At a guess that might partly explain the swing from national to labour. In a way it is nice to know we have a centerist govt so no one is expecting any significant change over the next three years. I suspect it will be much like a John Key National govt. Popular and not doing much to change the status quo or upset anyone.

  5. #6625
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    Prime Minister Jacinda Ardern has outlined her immediate priorities after sweeping to power for her second term = Covid recovery and business support as first priorities.

    Ardern wants more support for small business loans and $300 million in cash incentives to hire the unemployed in place by the end of the year.
    And while she is giving little away about a potential governing arrangement with the Greens, she is stressing the "strong mandate" given to Labour and the need to keep voters who may have turned to Labour for the first time.

    https://www.nzherald.co.nz/nz/politi...AXIH64AAFZO7Q/

  6. #6626
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    Quote Originally Posted by moka View Post
    Prime Minister Jacinda Ardern has outlined her immediate priorities after sweeping to power for her second term = Covid recovery and business support as first priorities.

    Ardern wants more support for small business loans and $300 million in cash incentives to hire the unemployed in place by the end of the year.
    And while she is giving little away about a potential governing arrangement with the Greens, she is stressing the "strong mandate" given to Labour and the need to keep voters who may have turned to Labour for the first time.
    Why is she "stressing the strong mandate given to Labour and the need to keep voters who may have turned to Labour for the first time" when she has already stressed that she/they will govern for all NZers?
    That is her duty regardless of the strength of the vote.
    Last edited by fungus pudding; 19-10-2020 at 12:18 PM.

  7. #6627
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    Quote Originally Posted by moka View Post
    Prime Minister Jacinda Ardern has outlined her immediate priorities after sweeping to power for her second term = Covid recovery and business support as first priorities.

    Ardern wants more support for small business loans and $300 million in cash incentives to hire the unemployed in place by the end of the year.....
    Quite a lot of the unemployed are newly laid off and will have more chance of a new job quickly. For longer term unemployed, employers will be weighing up the government subsidy against time, cost, effort and general hassle of taking on potentially high maintenance employees. Especially if it is hard to terminate them for performance issues.

  8. #6628
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    Quote Originally Posted by fungus pudding View Post
    Why is she "stressing the strong mandate given to Labour and the need to keep voters who may have turned to Labour for the first time" when she has already stressed that she/they will govern for all NZers?
    That is her duty regardless of the strength of the vote.
    You stress over the words too much - trying to read the tealeaves.
    They govern for all NZers but under the mandate they have been given - what they stood at the election for.
    Given their absolute majority they could do whatever they wanted - campaigned for or not. They may get voted out next time but that's 3 years away. Jacinda has said that they wouldn't.
    Asked again about CGT she said they wouldn't and they won't - what she said she meant.

  9. #6629
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    Quote Originally Posted by dobby41 View Post
    You stress over the words too much - trying to read the tealeaves.
    They govern for all NZers but under the mandate they have been given - what they stood at the election for.
    Given their absolute majority they could do whatever they wanted - campaigned for or not. They may get voted out next time but that's 3 years away. Jacinda has said that they wouldn't.
    Asked again about CGT she said they wouldn't and they won't - what she said she meant.
    Of course she won't. That was not the point of what I wrote..

  10. #6630
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    Quote Originally Posted by moka View Post
    Ardern wants more support for small business loans and $300 million in cash incentives to hire the unemployed in place by the end of the year.
    https://www.nzherald.co.nz/nz/politi...AXIH64AAFZO7Q/
    Is unemployment the problem in NZ to repeat FPs link from earlier.
    https://www.stuff.co.nz/business/ind...wont-take-them

    Our fishing industry has to fly in labour from Russia apparently
    https://www.stuff.co.nz/business/123...shing-industry

    The Dairy industry has been crying out for staff for a long time.
    https://www.stuff.co.nz/business/far...er-theyre-from

    I haven't gone much beyond the headlines but based on these headlines something is not adding up to me. 2 of these are October 2020 headlines and one June 2020 all after the lockdown.
    I currently have work sitting in an office but if push came to shove and I had no work I would hope I would take up work in these areas rather than living off everyone else. It doesn't sound like there is a shortage of jobs in NZ. It sounds more like a shortage of people willing to do them. It is hard to believe that all the unemployed are unable to find work especially while employers in productive industries are having to look overseas to find staff.
    Last edited by Aaron; 19-10-2020 at 01:10 PM.

  11. #6631
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    Quote Originally Posted by Aaron View Post
    Is unemployment the problem in NZ to repeat FPs link from earlier.
    https://www.stuff.co.nz/business/ind...wont-take-them

    Our fishing industry has to fly in labour from Russia apparently
    https://www.stuff.co.nz/business/123...shing-industry

    The Dairy industry has been crying out for staff for a long time.
    https://www.stuff.co.nz/business/far...er-theyre-from

    I haven't gone much beyond the headlines but based on these headlines something is not adding up to me. 2 of these are October 2020 headlines and one June 2020 all after the lockdown.
    I currently have work sitting in an office but if push came to shove and I had no work I would hope I would take up work in these areas rather than living off everyone else. It doesn't sound like there is a shortage of jobs in NZ. It sounds more like a shortage of people willing to do them. It is hard to believe that all the unemployed are unable to find work especially while employers in productive industries are having to look overseas to find staff.
    Yes plenty of blue collar labour jobs ....but far too Many Lazy Kiwis think they are far too superior to do them,, much rather suck on the tit of welfare..why work hard and help you country create more jobs ... when you look at some of the policies of the Far Left with talk of $300+ week payment living wage to students might well head back to school go get Arts Degree ... why work my ass off and risk my life at sea not seeing my family 140+days a year ...
    People don't have ideas, ideas have people

  12. #6632
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    Breeding beneficiaries & Labour’s voter base - going to be a whole heap of wasteful spending in the next 3 years - it’s the nature of the beast.

    Just make sure you are in the right place and right sector to make plenty from it - your future direct descendants are going to pay for it anyway so you better make & salt it away from the spending for their benefit (if you so choose).

    One of our government projects is bound to get the green light now and it’s gonna be BONANZA time!

    I ❤️ It ..... 🤣
    Last edited by Balance; 19-10-2020 at 03:07 PM.

  13. #6633
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    Gonna love ❤️ the next 3 years!

    https://www.rnz.co.nz/news/on-the-in...-own-handbrake

    Ardern and Robertson have shown themselves to be as cautious as they are astute in reading mandates. If the first term is anything to go by, they will be reading this result as a mandate for more of the same, not for a bold second term transformation. In short, some of its supporters now want the do-little status quo and some want the promised transformation.

    Ardern has promised both and now has to find a way to walk the line without falling over-board.

    Whichever way they play it, the pressure will come on them. There is much water, as the poem says, but is it water they can use to explore new horizons or is it steady as she goes? Could it even be such a flood of support it could sink the good ship Labour and Captain Ardern?

    Congratulations Labour on being able to govern alone. But now you've got to govern alone.

  14. #6634
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    Quote Originally Posted by couta1 View Post
    Many votes went to Labour because of the fear of the Greens having any substantial bargaining power, i felt that fear but fortunately the greater evil has been averted.
    You might be correct but you are speculating.

  15. #6635
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    Quote Originally Posted by tim23 View Post
    You might be correct but you are speculating.
    There is no doubt that some rural votes went that way, but how many can only be speculation.

  16. #6636
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    Quote Originally Posted by fungus pudding View Post
    Why is she "stressing the strong mandate given to Labour and the need to keep voters who may have turned to Labour for the first time" when she has already stressed that she/they will govern for all NZers?
    That is her duty regardless of the strength of the vote.
    There has been substantial cash incentives to employ new people from the government all year long for small business. Jacinda I think will do two terms and resign before the next election, timing wise will be a a better time to move onto international opportunities with freed up borders and recovery starting to occur internationally.

  17. #6637
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    Quote Originally Posted by Balance View Post
    Gonna love ❤️ the next 3 years!

    https://www.rnz.co.nz/news/on-the-in...-own-handbrake

    Ardern and Robertson have shown themselves to be as cautious as they are astute in reading mandates. If the first term is anything to go by, they will be reading this result as a mandate for more of the same, not for a bold second term transformation. In short, some of its supporters now want the do-little status quo and some want the promised transformation.

    Ardern has promised both and now has to find a way to walk the line without falling over-board.

    Whichever way they play it, the pressure will come on them. There is much water, as the poem says, but is it water they can use to explore new horizons or is it steady as she goes? Could it even be such a flood of support it could sink the good ship Labour and Captain Ardern?

    Congratulations Labour on being able to govern alone. But now you've got to govern alone.
    John Minto comes to similar conclusions (even uses the handbrake analogy) and his disdain for Ardern is evident. Funny how a far leftie dislikes her for the same reasons as I do.

    https://thedailyblog.co.nz/2020/10/2...nts-handbrake/

  18. #6638
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    Quote Originally Posted by jonu View Post
    John Minto comes to similar conclusions (even uses the handbrake analogy) and his disdain for Ardern is evident. Funny how a far leftie dislikes her for the same reasons as I do.

    https://thedailyblog.co.nz/2020/10/2...nts-handbrake/
    Summed up well :

    ‘The ”T” word will not be a happening thing in this government because the biggest handbrake on transformation is the Prime Minister herself.‘

    Better make the best of the BONANZA of wasteful government spending in the next 3 years - NZ is going to be in one almighty economic & social mess when Cindy buggers off to the UN. Somebody else is going to have to clean up her mess.
    Last edited by Balance; Yesterday at 07:10 PM.

  19. #6639
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    Quote Originally Posted by Balance View Post
    Summed up well :

    ‘The ”T” word will not be a happening thing in this government because the biggest handbrake on transformation is the Prime Minister herself.‘
    Transformation can take many forms, and tackling the social/cultural issues such as assisted dying, cannabis and abortion is transformational and shows courage and that she is not afraid, unlike National, to raise controversial and divisive issues such as abortion, when there is public support for them.
    I always read the comments on articles – “Jacinda is a pragmatist rather than a populist” – I agree.
    This comment makes a lot of sense “I think you will find the issue with a Capital Gains tax wasn’t about popularity with voters but more about more than half of politicians having investment properties themselves, she said it was “politically unpalatable” in other words, she was unable to get the numbers to pass anything.”
    “Poverty, Housing and Tax. All 3 are the same issue, welded together” = neoliberalism. All in the very hard basket.

  20. #6640
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    Quote Originally Posted by moka View Post
    .....
    “Poverty, Housing and Tax. All 3 are the same issue, welded together” = neoliberalism. All in the very hard basket.
    Which tenets of neoliberalism make those three inevitable, and are any tenets OK? The new government can make changes but will they?

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