Labour / NZ First Government

[Balance]

How does it help to work for big companies? Well, Labor is looking after them, aren't they? Just look at AIR - a huge bunch of corporate bludgers with outrageous salaries and Labor is happy to keep them troughing their big salaries instead of letting them go bust and allowing them to restart a smaller but healthy company with appropriate salaries. Out taxes are funding at the moment 14 posts at AIR with salaries above one million dollar pa and countless jobs with salaries above $250k pa. They don't need most of these roles anymore (given the reduced traffic) and the rest is ways overpaid for a small airline. How is this fair and just?

Obviously - the suffering of the poor butcher didn't interest anybody in Labor. Better pay the pigs at the AIR trough.

I think you are railing at the wrong company in Air NZ, BP.

It is a public listed company which has contributed billions of dollars in taxes, direct and indirect, and dividends to NZ since it was effectively 'privatized' at bargain basement price of 27c ps or $850m in 2000.

Since that time, NZ government has received $1.453 billion in dividends, sold down 20% back to the public for $365m in 2013, and currently holds 52% worth $583m.

And the current bailout is a loan which has to be repaid.

[jonu]

Well now that the dust is settling on moving to level 2, I'd like to hear from some Cindy supporters on just why her government wanted to impose a 2 year Police State on NZ. This was a calculated move. They could have opted for 3,6,12,18 months or anywhere in between. They went for 2 years until they suddenly decided 3 months was OK after National pulled them up.

Or we could also ask for response on why funerals are suddenly OK at 50 people, when a day before they were only safe at 10. I'm pleased they have made the adjustment, but they did so under political pressure, not medical advice. How many other Level restrictions would they have caved into if the political cost was high enough? Not financial cost, political cost!

I never thought I would see the NZ political system so abused and cynically manipulated to erode our Human Rights in my lifetime. I'm genuinely frightened for our democracy.

[Balance]

https://www.stuff.co.nz/travel/news/...urism-industry

Our biggest export earner gets $400m and nothing of direct assistance in the budget for the now all important agricultural sector.

[Balance]

https://www.rnz.co.nz/news/on-the-in...-little-vision

For the billions of dollars being dished out, no plan and no vision.

[Joshuatree]

What an incredible rainy day budget, so thankful our finance minister was very prudent in the last two years.Now its all go with a massive budget covering so many areas.Cant satisfy everyone though ehh like dentists and midwives unfort but wow does it cover our economy, businesses, beneficiaries( and we know where there extra will go straight back into all thebusinesses opening up win/win.., the environment, Apprentices even , fantastic, housing, surf life saving even fab etc etc etc etc. Luckily the super low int on these spends adds up to similar amounts on alot less spending in earlier budgets.

Too many to list but with re 400,000 businesses in NZ many will now survive some wont and new businesses will be born. As for Unbalanced suggesting the govt pick out businesses here and there and throw funds at them will you can work it out. Whats that saying of benefit to no one"the only ones more demanding then a beneficiary demanding a handout is a business,". imagine 400,000 hands out, if you give to one everyone else wants it too. Seems like balance has no concept of reflection of ones behaviour and correcting it.These sort of people are the scary ones on our society as they justify wrong thinkings and wrongdoings.

This covid may be around a long time and i think its a big mistake giving the police only 3 months as is increasing funeral numbers to 50. I guarantee people will be hugging and kissing and hongiing as we know its a very emotional time and we are human after all and will justify these risky actions. We know big clusters happen around drinking and bars and funerals for two.

Just hope like hell this doesnt add to a bigger 2nd wave leading to a depression! Its weird, i really support/ed the road blocks to protect folks in remote areas, having bigger funerals does just the opposite. Its like its chocks away covid, covid what?! The associate health minister gave an example of that outbreak re 1917 when a family were warned but insisted on taking the body home, they then opened up the coffin and the result all his ancestors there died from the contagion.

Section 71a of the Health act. a constable can enter any building or private home for any of a full suite of powers. This has been around a long time.

Clause 20 of this new bill is narrower. a warrantless power of entry into a private dwelling under covid 19 is limited in effect to breaking up parties flouting the rules around gathering size.

This enforcement power is intended to limit contagion risks and enable effective track and tracing if theres an outbreak to get under control says David P.arker. Once again its like, its over lets go back to how it was before.Unbelievable, chocks away.
2nd wave, economy destruction.Depression anyone. Hope like hell we get through this.It may be many years , a vaccine may not even be found. Good luck everyone we are going to need it, this budget gives us a very good chance to get through this coming global recession but adapt and change we must.

[Balance]

What an incredible rainy day budget, so thankful our finance minister was very prudent in the last two years.Now its all go with a massive budget covering so many areas.Cant satisfy everyone though ehh like dentists and midwives unfort but wow does it cover our economy, businesses, beneficiaries( and we know where there extra will go straight back into all thebusinesses opening up win/win.., the environment, Apprentices even , fantastic, housing, surf life saving even fab etc etc etc etc. Luckily the super low int on these spends adds up to similar amounts on alot less spending in earlier budgets.

Too many to list but with re 400,000 businesses in NZ many will now survive some wont and new businesses will be born. As for Unbalanced suggesting the govt pick out businesses here and there and throw funds at them will you can work it out. Whats that saying of benefit to no one"the only ones more demanding then a beneficiary demanding a handout is a business,". imagine 400,000 hands out, if you give to one everyone else wants it too. Seems like balance has no concept of reflection of ones behaviour and correcting it.These sort of people are the scary ones on our society as they justify wrong thinkings and wrongdoings.

This covid may be around a long time and i think its a big mistake giving the police only 3 months as is increasing funeral numbers to 50. I guarantee people will be hugging and kissing and hongiing as we know its a very emotional time and we are human after all and will justify these risky actions. We know big clusters happen around drinking and bars and funerals for two.

Just hope like hell this doesnt add to a bigger 2nd wave leading to a depression! Its weird, i really support/ed the road blocks to protect folks in remote areas, having bigger funerals does just the opposite. Its like its chocks away covid, covid what?! The associate health minister gave an example of that outbreak re 1917 when a family were warned but insisted on taking the body home, they then opened up the coffin and the result all his ancestors there died from the contagion.

Section 71a of the Health act. a constable can enter any building or private home for any of a full suite of powers. This has been around a long time.

Clause 20 of this new bill is narrower. a warrantless power of entry into a private dwelling under covid 19 is limited in effect to breaking up parties flouting the rules around gathering size.

This enforcement power is intended to limit contagion risks and enable effective track and tracing if theres an outbreak to get under control says David P.arker. Once again its like, its over lets go back to how it was before.Unbelievable, chocks away.
2nd wave, economy destruction.Depression anyone. Hope like hell we get through this.It may be many years , a vaccine may not even be found. Good luck everyone we are going to need it, this budget gives us a very good chance to get through this coming global recession but adapt and change we must.

Forget about 400,000 - how about just this one?

Still waiting for your reply, JT : What help did Cindy & her incompetents gave Roy Green after they stopped him from operating his butchery and deprived him of ALL OF HIS REVENUES?

You keep walking bud and MAINTAIN 2 METRES!!!


So far THE FACTS, unprecedented!

Nearly $12 billion Wage subsidy scheme Employees benefit up to $585 per week but he still had to pay & top up the difference out of his bank savings

Tax Refund Scheme Of zero help until end of financial year

SmallBusiness cashflow loan scheme
over 6,000 Applicationsin the first few hours Available only from 12 May - 7 weeks after Roy's business had been bleeding losses, destroying the savings he had in the bank

$6.25 billion business finance guarantee scheme Trading banks did not support the scheme - only $23m was lent. Know why? Conditions were so onerously anti-banking on the banks they did not want to know.

RBNZ nearly doubles quantitative easing programme to $60 billion; Reaffirms forward guidance to keep OCR at 0.25%, but specifically says it's prepared to reduce the OCR further

Specialist ministerial Infrastructure group looking at projects ready to go etc etc etc

The budget to follow with lots more.

So tell us, JT - what help has Cindy & her bunch of incompetents extended to Roy Green who had his revenues wiped out to zero?

Not a cent in direct support! Instead, he had to run down his precious savings to pay wages, outgoings and his family expenses.

But for beneficiaries who actually do not need additional support, $2.8b in assistance to those receiving benefits, via a $25 per week increase in core benefits from 1 April and a doubling of the winter energy payment. Why?

[nztx]

Still waiting for your reply, JT : What help did Cindy & her incompetents gave Roy Green after they stopped him from operating his butchery and deprived him of ALL OF HIS REVENUES?



So tell us, JT - what help has Cindy & her bunch of incompetents extended to Roy Green who had his revenues wiped out to zero?

Not a cent in direct support! Instead, he had to run down his precious savings to pay wages, outgoings and his family expenses.

But for beneficiaries who actually do not need additional support, $2.8b in assistance to those receiving benefits, via a $25 per week increase in core benefits from 1 April and a doubling of the winter energy payment. Why?

That is exactly the way I see it & the Labour Government HASN'T looked after Business as well !

What they have done is extend the free Govt grant for Employees further via the Employers on higher threshold revenue reduction - that does nothing for paying other business overheads or to ensure continuity in reduced / affected post C-19 markets

This is a non event Budget which has missed the Wood for the Trees .. where are the new jobs coming from ??

Where is the definitive future plan, if there is one ? - aside from more than likely landing the whole incompetently executed economic shambles, large debt & blackened remnants into the laps of the next lot of unfortunates to have to tidy up ..

Expect more closures, redundancies, unemployed .. as the Subsidy edges closer towards the election..

Labour could be damned if they do or damned if they dont .. the closer towards September that their orchestrated economic abortion slides into second half, as more damage occurs..


There may be some consolation in only $15 B of the $50 B has been used - leaving the further $35 B which may need to be allocated from the Large Slush Fund to get Socialist Cindy's & Fumbling Robertson's spinning butts out of the line of heavier direct fire in near future

[Balance]

That is exactly the way I see it & the Labour Government HASN'T looked after Business as well !

What they have done is extend the free Govt grant for Employees further via the Employers on higher threshold rebenue reduction - that does nothing for paying other business overheads or to ensure continuity in reduced / affected post C-19 markets
Expect more closures, redundancies, unemployed .. as the Subsidy edges closer towards the election..

.

"Wage Subsidy Extension announced- The Wage Subsidy Extension will be available from 10 June 2020 until 1 September 2020."

So very very convenient for Cindy & her incompetents - stretch the wage subsidy through to September and the election.

As grubby as they come - that's Cindy the PM.

[value_investor]

Agree its not the best budget, was really hoping for a plan in motion but I'm not even sure what that looks like. We are just kicking the can further down the road here with this. Nothing really coherent came out of it at all imo. The wage subsidy just buys time here.

The opposition have been quick to criticise the budget but I've not seen any great alternatives being offered here by them. Bridges had the serve there to deliver some sort of shadow budget and show the govt of the day what they would do but nothing offered.

Both sides of the coin not really offering anything here.

[fungus pudding]

What an incredible rainy day budget, so thankful our finance minister was very prudent in the last two years.

At least he had the good grace to acknowledge Bill English when speaking of NZ's healthy position.