ADRIAN ORR our NEW RBNZ GOVERNOR

[TeslaGod]

4% unemployment - we'll see what Adrian (and the committee) does with that shortly.

I might be a lone voice here but I believe they should do nothing and let the free market correct itself.

[Bjauck]

I might be a lone voice here but I believe they should do nothing and let the free market correct itself.

Where are these "free markets" of which you speak? Certainly not in housing, employment, business, share trading.

If you like a debate, why is tax evil?

[TeslaGod]

Where are these "free markets" of which you speak? Certainly not in housing, employment, business, share trading.

If you like a debate, why is tax evil?

Because it's the individual earned income or capital being stolen.

[Bjauck]

Because it's the individual earned income or capital being stolen.

The community/state has conferred property rights onto the individual in the first place. It protects them. Should you get those rights for free?

[TeslaGod]

The state has conferred property rights onto the individual in the first place. Should you get those rights for free?

I have a good size property portfolio, however you soon see who owns them if you don't pay your rates or mortgage.

Some are mortgage free some have mortgages, but you never really own them.

[Bjauck]

I have a good size property portfolio, however you soon see who owns them if you don't pay your rates or mortgage.

Some are mortgage free some have mortgages, but you never really own them.

What the state confers; the state can take away.

[TeslaGod]

What the state confers; the state can take away.

I'm glad you agree that the free market should reign.

[FTG]

What the state confers; the state can take away.

A very simple but salient point that Bjauck makes TeslaGod. In a truly "free" society, ownership of assets affords one certain rights & obligations which will be relatively sacrosanct. But in NZ we aren't a genuinely economically free country - far from it in fact. Sadly, regardless of whether the figurative flag on the Beehive has been Blue, Red or blended this has been the situation for quite a period now.

Under the current regime our economic & financial freedoms & rights have continued to being eroded. Alarmingly, and partly under the faux veil of a Pandemic, we see that rate of erosion now accelerating.
Let's call a spade a spade. In a socialist-fascist run country like NZ, in the eye of the State private ownership of assets has less meaning & significance and hence is treated with less respect. To them it's just a name on a title to whom they can supposedly appoint responsibility to if "things go bad".

Utopia for Socialist-Fascist politicians is an environment where they have ultimate CONTROL over assets, regardless of who "owns" those assets.
Keeping in spirit of this thread title, to gain a better insight to what's really happening under our noses, just follow the money trail...The RBNZ (as are most central banks) is just an instrument of the State. An instrument now being used more overtly, but also still covertly, to gain and exert control over our beautiful country, including the key financial assets you "own".

[TeslaGod]

Excellent post FTG

Post of the day!

[Bjauck]

I'm glad you agree that the free market should reign.

I am curious as to what you call “the free market.”

1. Simple Supply and demand. Law of the jungle - no regulations, law, standards, legal enforcement framework. A free-for-all type of market.

2. Supply and demand subject to the law with relation to representations, standards, quality regulation, system of enforcement. In other words a structured market.

As you say tax is evil, who would protect your assets from theft and invasion. Would you have a system of private armies and vigilantes so If a dispute arises the party with the strongest army wins.