Covid-19 Stimulus Package

[jonu]

I thought it might be pertinent to have a thread for commentary on the package to be delivered this afternoon.

What is needed? What industries to target? General thoughts

[peat]

I'm not that keen on socialist largesse.

I've missed out on profits by being conservative in my financial behaviou why should risk takers be saved?
we have a welfare state with a base level of income. make sure that is all well funded and let capitalism take its course.

[whatsup]

I thought it might be pertinent to have a thread for commentary on the package to be delivered this afternoon.

What is needed? What industries to target? General thoughts

I think that it is about time that the govt , any govt does not tax any current taxpayer on their salary if they earn only $20,000 p a .

[jonu]

I'm not that keen on socialist largesse.

I've missed out on profits by being conservative in my financial behaviou why should risk takers be saved?
we have a welfare state with a base level of income. make sure that is all well funded and let capitalism take its course.

But how do you fund it if the tax take is way down?

[t.rexjr]

But how do you fund it if the tax take is way down?

Exactly. Socialism relies on Capitalism which relies on risk takers...

[peat]

Exactly. Socialism relies on Capitalism which relies on risk takers...

that is the Keynes way , and why states should save deficits for when they really need them

[Tronald Dump]

Exactly. Socialism relies on Capitalism which relies on risk takers...

Hang on - weren't all those 'risk taking' capitalist banks and finance companies bailed out by taxpayers in 2008? I think you meant to say Capitalism relies on Socialism.

[Balance]

$12 billion to $15 billion package.

Some items in package :

Extra income for all beneficiaries to spend - say, $750 each like Australia.

Targeted assistance for travel, tourism and accommodation sectors - including interest free loans, wage subsidies and hardship grants.

Deferment of provisional tax for 1 year.

Deferment of next increase in minimum wage to next year.

$1 billion rescue package for Air NZ and Jetstar.

Extra $2 billion for provincial growth fund*

* just joking

[Balance]

https://www.nzherald.co.nz/business/...ectid=12317247

Herald’s view - no big spending except for maintaining existing jobs.

[Mr Slothbear]

I would like to see them bring a lot of planned infrastructure projects forward. Nows a good time to catchup whilst things are quieter

probaably won’t happen but one can hope