Labour govt 2020-23

[Logen Ninefingers]

Unfortunately, they are just following the rest of the world so can't really take credit for that.

It's how they deal with it that matters. The Labour way is to express empathy and speak at length and with great emphasis on certain words (Jacinda) and shovel money (Grant) but I'm not sure that will work with this particular problem.

[Logen Ninefingers]

I look forward to your support for a 5% increase in superannuation, benefits and hopefully more in the minimum wage

Grant is reading your post and nodding enthusiastically. He thinks these measures will help bring down inflation.

[nztx]

Grant is reading your post and nodding enthusiastically. He thinks these measures will help bring down inflation.

Hahaha very good .. does he have any thoughts on flying AIR's jets in reverse to save fuel ?

could also consider taking the wings off them, putting them underground - call them "trains" and
run the fleet at an even larger humungous LOSS under a different label

[Logen Ninefingers]

Watching the news tonight and the solutions to the inflation problem from the Left seem to be to increase the minimum wage and lift benefits. Katie Bradford mentioned cutting fuel taxes and GST.

ACT has the suggestion of cutting taxes for the middle class, which will give them more cash to spend in the economy.

Fascinating stuff. The answer to getting inflation under control is to put more cash in peoples pockets and to increase government deficits. This is economics 101 folks.

[Panda-NZ-]

We all deserve a reward after two years of hard work.

Unfortunately Act voted to increase GST and only want to cut taxes for the wealthy.

[Logen Ninefingers]

We all deserve a reward after two years of hard work.

Unfortunately Act voted to increase GST and only want to cut taxes for the wealthy.

Yes, we all deserve a nice reward. We've all been very kind, we've been very woke, we've kept very safe, we've all been furiously trying to outbid each other at the property auctions so we can be 'rich', we've all been out spending like drunken sailors, and we've all remained blissfully ignorant of the weird and destructive monetary policies central banks have been implementing for the last 14 years.

The reward is on its way. It's already here in fact.

[nztx]

Yes, we all deserve a nice reward. We've all been very kind, we've been very woke, we've kept very safe, we've all been furiously trying to outbid each other at the property auctions so we can be 'rich', we've all been out spending like drunken sailors, and we've all remained blissfully ignorant of the weird and destructive monetary policies central banks have been implementing for the last 14 years.

The reward is on its way. It's already here in fact.

Good godfathers - if we ask for double the inflation output instead to give Comrade Robertson more irritation,
will the other go away ?

[Logen Ninefingers]

Good godfathers - if we ask for double the inflation output instead to give Comrade Robertson more irritation,
will the other go away ?

The forcasts are always done so that Robbo can come along and say 'better than forecast'.

Continue to deal with housing. lol. #KiwiBuildFailure

The Government's deficit was $8.4 billion, $1.2 billion better than forecasts in December, according to data released on Thursday.

Tax revenue was $300 million above forecast at $41.1 billion, due to higher than expected corporate tax, while expenses stood at $52.8 billion, $400 million below forecast.

"New Zealand is in a stronger fiscal position compared with other developed nations and our accounts continue to outperform forecasts," said Robertson.

"This gives us the fiscal headroom to continue our balanced approach to meet the costs of Omicron while continuing to deal with long standing challenges such as climate change, housing and child wellbeing."

[Panda-NZ-]

Important to also mention the clear improvement in NZ's credit rating in recent times.

[nztx]

The forcasts are always done so that Robbo can come along and say 'better than forecast'.

Continue to deal with housing. lol. #KiwiBuildFailure

The Government's deficit was $8.4 billion, $1.2 billion better than forecasts in December, according to data released on Thursday.

Tax revenue was $300 million above forecast at $41.1 billion, due to higher than expected corporate tax, while expenses stood at $52.8 billion, $400 million below forecast.

"New Zealand is in a stronger fiscal position compared with other developed nations and our accounts continue to outperform forecasts," said Robertson.

"This gives us the fiscal headroom to continue our balanced approach to meet the costs of Omicron while continuing to deal with long standing challenges such as climate change, housing and child wellbeing."

Wait until the next period's result flowing through - Northern Sector locked down $10 Bil cost to economy,
Omicron flowing - suppressed activity - could it be a trigger to a recession ?

Think about it recent history is one thing - ahead of the storm in future months

The financial markets aren't stupid & forsee these things long before the twits and bureaucrats
in Wellington mouthing off on past history