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  1. #1816
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    Quote Originally Posted by Joshuatree View Post
    More detail on the loansharks controls here.

    Government cracks down on predatory lenders with fines up to $600k The new law takes particular aim at loan sharks and truck shops.


    "The introduction of an interest and fees cap on high-cost loans will prevent people from accumulating large debt from a single small loan. For example, if you borrow $500 you will never have to pay back more than $1,000 in total, including all fees and interest.
    Wow that is exciting news. So I borrow $200k for my mortgage and will never have to pay back more than $400k in total. Great stuff NZ First, Labour and Greens. Great savings to be made purchasing houses especially when interest rates get back to the 7-8% levels.

  2. #1817
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    You do know you cant fix stupid? No matter what laws are in place. Did you see this bit "He told of three mums seeking the marae's help, who were all aged in their 30s, had 14 children between them and 30 debts totalling about $144,000" We don't need anti-loan shark legislation. we need compulsory contraception.

    I know it has tow words and one of them has three syllables but we really need to teach and hammer home the power of and risk with "Compounding Interest" Financial literacy might be a whole lot more use as an extra subject in the curriculum rather than te reo.

  3. #1818
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    Quote Originally Posted by minimoke View Post
    .

    [/COLOR][/FONT]I know it has tow words and one of them has three syllables but we really need to teach and hammer home the power of and risk with "Compounding Interest" Financial literacy might be a whole lot more use as an extra subject in the curriculum rather than te reo.
    I am totally on board there. I have a friend who has a degree and so does his wife from University. They are as financially illiterate as can be. He earns over 100k per annum but they are living in poverty with debts coming out of their ar se holes. I have tried to educate them and have helped consolidate their loans and it is helping but sometimes you cannot help people from themselves. They then go and borrow money for overseas travel. They had a loan from a bank which they called a low interest loan. The rate .... 15.9%. Really some people are just thick. But if they had had some financial literacy taught in schools it may have helped them. They are intelligent enough in the normal sense to be able to understand things. Just not sure if they are emotionally strong enough to say no to baubles and trinkets.

  4. #1819
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  5. #1820
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    Quote Originally Posted by Joshuatree View Post
    More of you cant fix stupid. Women with a half functioning brain know not to drink when pregnant. The others wont be able to read the label. When you are in your 30's and you've got 5 kids to your name already and no idea about debt do you seriously think an alcohol warning label is going to make a difference?

    All it means is that sensible people have to be reminded of the stupidity of others every time they pick up a bottle.

    Edit: Im waiting for a label that goes on soft drink that say "You are a very bad parent if you feed this sh1t to your kids"
    Last edited by minimoke; 12-10-2018 at 11:25 AM.

  6. #1821
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    Never argue with an idiot, they will drag you down to their level and beat you with experience.

  7. #1822
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    Quote Originally Posted by minimoke View Post
    More of you cant fix stupid. Women with a half functioning brain know not to drink when pregnant. The others wont be able to read the label. When you are in your 30's and you've got 5 kids to your name already and no idea about debt do you seriously think an alcohol warning label is going to make a difference?

    All it means is that sensible people have to be reminded of the stupidity of others every time they pick up a bottle.

    Edit: Im waiting for a label that goes on soft drink that say "You are a very bad parent if you feed this sh1t to your kids"
    There is slick marketing that needs to countered and we need to cater for the least sophisticated and most vulnerable in society. That has been the case since the paleolithic times (yes - remains have been found of severely disabled cavepersons who must have been nurtured by the more able-bodied in their group!)

  8. #1823
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    @PhilTwyford
    Today I announced the Govt is partnering with Orange Sky a great Australian project that will run a mobile laundry and shower service for people who are homeless in Auckland.
    https://www.radiolive.co.nz/home/on-...-kindness.html

    Another commonsense action
    I know that I am intelligent, because I know that I know nothing Socrates

  9. #1824
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    Quote Originally Posted by Bjauck View Post
    There is slick marketing that needs to countered and we need to cater for the least sophisticated and most vulnerable in society. That has been the case since the paleolithic times (yes - remains have been found of severely disabled cavepersons who must have been nurtured by the more able-bodied in their group!)
    Maybe we should just have a "stupid" test and if you don't pass you don't get to buy alcohol. Double benefit. More money in Stupids Pocket, less Alcohol in Stupids foetus.

  10. #1825
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    Quote Originally Posted by winner69 View Post
    @PhilTwyford
    Today I announced the Govt is partnering with Orange Sky a great Australian project that will run a mobile laundry and shower service for people who are homeless in Auckland.
    https://www.radiolive.co.nz/home/on-...-kindness.html

    Another commonsense action
    Excellent news for all 336 of them. (I wonder how much that will cost).

    Helping 0.02% of Auckland's population stay clean and tidy. Isnt it great we have such a Caring and Kind government.
    Last edited by minimoke; 12-10-2018 at 03:41 PM.

  11. #1826
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    Quote Originally Posted by minimoke View Post
    Maybe we should just have a "stupid" test and if you don't pass you don't get to buy alcohol. Double benefit. More money in Stupids Pocket, less Alcohol in Stupids foetus.
    Starve the lower socio-economic schools of resources, fail to provide good affordable housing and affordable nutritious food and you will find plenty of folk to call as you say "stupid." Your "stupid" test ends up being a social test.

  12. #1827
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    Quote Originally Posted by Bjauck View Post
    Starve the lower socio-economic schools of resources.
    I thought the decile system in NZ meant the lower socio-economic schools got more funding per student? Stupid me, must be uninformed.

  13. #1828
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    Quote Originally Posted by Bjauck View Post
    affordable nutritious food .
    You cant find anything more nutritious and affordable than seasonal food.

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