sharetrader
Page 3 of 61 FirstFirst 12345671353 ... LastLast
Results 21 to 30 of 610
  1. #21
    Guru justakiwi's Avatar
    Join Date
    Aug 2016
    Location
    Canterbury
    Posts
    2,569

    Default

    Firstly, not everyone qualifies for IETC - if you are on any kind of income tested benefit, you do not qualify, even if you are also working (part time/casual or whatever). That is currently my situation as for health reasons I can only work up to 15 hours a week. I am currently doing casual caregiving shifts as available, which is taxed at secondary tax rates. And yes, I am receiving financial assistance from WINZ, so do not qualify for IETC. My total income will be well under $40,000 (more likely to be closer to $30,000).

    Secondly, do you seriously think saving $400 a year is of any significance right now? That is $7.69/week - won't even buy you a dozen eggs.

    As for the phase 2 flat tax rate of 35% - how the hell do you think that is going to benefit anyone on a low income?

    I am sorry, but this is probably the last party that I would vote for, in terms of how it would/would not benefit me as an individual. Even if I was not receiving a benefit, and was still working 30 hours a week, I do not see how I would possibly be any better off than I would be right now. But feel free to explain it to me if you think I am wrong.

    As for your last statement - this "I will probably vote for them anyway as I do not like the alternatives" is precisely the issue this time round. People are making voting decisions based solely on getting Labour out of government. In other words, they are "settling" for a party they do not actually want to vote for. Which makes a total farce of our political system as far as I am concerned. Voting for "the best out of a ****ty bunch" is not a good reason for voting for a party - regardless of which party it might be.




    Quote Originally Posted by Aaron View Post
    I am unsure how you did your sums to come up with this statement even at $44,000 with the Independent Earner Tax Credit you are paying $400.00 less under TOP's policy.

    As far as the land tax goes it is simple and hard to avoid so I like it. The rate is quite high at .75% my council rates currently work out at around .04% on GV and I think the rates in my area are higher than most. An across the board capital gains tax would be preferable but that can come in time. Their original equity tax was also pretty radical.

    .75% works out at $6,750 on an average house valued at $900,000. Ideally you would want stage two to be implemented sooner so your UBI could cover the tax.

    Stage two the flat tax of 35% sounds radical. FP would like this if it were 20%. The 35% rate also means that most of our UBI would have to go into paying taxes if we also have a job so it is not the crazy handout that we first thought it was.

    Haven't done the numbers but like the sound of "progressive tax rates"

    Interesting that Justakiwi and Daytr have come out against such progressive and fair minded policies. Not so easy being a liberal when it comes out of your own pocket but in justakiwi's case if your financial situation is as you have mentioned on this site this is the party for you.

    A "radical centrist party" sounds like a conflict in terms.

    Gareth Morgan was too arrogant or not smart enough to realise TOP would have a better chance if they focused on an electoral win and dragged a couple of extra MPs in with the party vote.

    Hey Baa Baa what was TOPs party vote when Gareth first formed it?

    I don't know what Raj Manji's chances are in Ilam and if he does not win a TOP vote could be a wasted vote as they do not appear to be able to get the 5% threshold.

    I will probably vote for them anyway as I do not like the alternatives and any party looking to invest in young people once again is worth a go. You have to start somewhere.

    Note to boomers National Superannuation will not be touched.
    Last edited by justakiwi; 17-08-2023 at 10:34 AM.

  2. #22
    Guru
    Join Date
    Feb 2010
    Posts
    3,012

    Default

    Quote Originally Posted by justakiwi View Post
    Firstly, not everyone qualifies for IETC - if you are on any kind of income tested benefit, you do not qualify, even if you are also working (part time/casual or whatever). That is currently my situation as for health reasons I can only work up to 15 hours a week. I am currently doing casual caregiving shifts as available, which is taxed at secondary tax rates. And yes, I am receiving financial assistance from WINZ, so do not qualify for IETC. My total income will be well under $40,000 (more likely to be closer to $30,000).

    Secondly, do you seriously think saving $400 a year is of any significance right now? That is $7.69/week - won't even buy you a dozen eggs.

    As for the phase 2 flat tax rate of 35% - how the hell do you think that is going to benefit anyone on a low income?

    I am sorry, but this is probably the last party that I would vote for, in terms of how it would/would not benefit me as an individual. Even if I was not receiving a benefit, and was still working 30 hours a week, I do not see how I would possibly be any better off than I would be right now. But feel free to explain it to me if you think I am wrong.

    As for your last statement - this "I will probably vote for them anyway as I do not like the alternatives" is precisely the issue this time round. People are making voting decisions based solely on getting Labour out of government. In other words, they are "settling" for a party they do not actually want to vote for. Which makes a total farce of our political system as far as I am concerned. Voting for "the best out of a ****ty bunch" is not a good reason for voting for a party - regardless of which party it might be.
    So you believe that, rather than vote for “the best out of a ****ty bunch”, people should just abstain from voting?

  3. #23
    Permanent Newbie
    Join Date
    Mar 2010
    Posts
    2,522

    Default

    Quote Originally Posted by justakiwi View Post
    Firstly, not everyone qualifies for IETC - if you are on any kind of income tested benefit, you do not qualify, even if you are also working (part time/casual or whatever). That is currently my situation as for health reasons I can only work up to 15 hours a week. I am currently doing casual caregiving shifts as available, which is taxed at secondary tax rates. And yes, I am receiving financial assistance from WINZ, so do not qualify for IETC. My total income will be well under $40,000 (more likely to be closer to $30,000).

    Secondly, do you seriously think saving $400 a year is of any significance right now? That is $7.69/week - won't even buy you a dozen eggs.

    As for the phase 2 flat tax rate of 35% - how the hell do you think that is going to benefit anyone on a low income?

    I am sorry, but this is probably the last party that I would vote for, in terms of how it would/would not benefit me as an individual. Even if I was not receiving a benefit, and was still working 30 hours a week, I do not see how I would possibly be any better off than I would be right now. But feel free to explain it to me if you think I am wrong.

    As for your last statement - this "I will probably vote for them anyway as I do not like the alternatives" is precisely the issue this time round. People are making voting decisions based solely on getting Labour out of government. In other words, they are "settling" for a party they do not actually want to vote for. Which makes a total farce of our political system as far as I am concerned. Voting for "the best out of a ****ty bunch" is not a good reason for voting for a party - regardless of which party it might be.
    At $30k you will be paying $4,270 no IETC under TOP $3,000 or $1,270.00 less, check my numbers if you like.

    With the 35% flat tax although circular in nature the $16,500 UBI will more than cover it. Not sure how this works in with welfare, not my area of interest.

    The question you are asking is the same as all the ACT voters "what is in it for me". Sadly the waste we see in govt overides the good things being done, so I guess it is reasonable to ask whats in it for me when you see the head of the Ministry for Pacific Peoples lavishing a $40,000 leaving party on himself. That is criminal yet no one will be held accountable.

    $8billion losses brought on by an irresponsible RBNZ. No one accountable just "noise" says Adrian.

    https://www.nzherald.co.nz/business/...PXNBXKV7QS7W4/

    Personally rather than "what is in it for me" we should ask "what is best for NZ". There is no right answer but we can vote for the party we think has the best policy to answer question number two.

    With everyone asking what's in it for me our politicians are pandering to selfish aholes and focus groups are setting policy. Not good in my opinion.

    Obviously as I am a selfish ahole myself, if I were wealthier I suspect my political views might change.

  4. #24
    Guru justakiwi's Avatar
    Join Date
    Aug 2016
    Location
    Canterbury
    Posts
    2,569

    Default

    Whatever. I have been transparent about my views of all the parties. I feel zero guilt for caring about my own well-being under any party. That does not mean I do not care about others (if you have read any of my posts here, you should know that is absolutely not the case). Nor does it mean I don't care about NZ as a whole. For your information, I am not a liberal. I sit pretty much in the middle.

    So yeah, there most definitely is a consideration of "what's in it for me?" and I think it is a perfectly acceptable consideration.

    Oh, and to answer your question "do you think people should just abstain?" - good question. The answer is no, as I have always voted, and will vote this time too. But unless something changes dramatically between now and the election, it will not be an easy or comfortable decision.

    P.S. Their UBI plan has insufficient information currently - is it taxed? Does it apply to people on benefits or govt super? Does it automatically wipe out the advantage of the $15,000 non-taxable income? Too many unanswered questions, but as you said, its all a moot point anyway cause it 'aint gonna happen.

    Quote Originally Posted by Aaron View Post
    At $30k you will be paying $4,270 no IETC under TOP $3,000 or $1,270.00 less, check my numbers if you like.

    With the 35% flat tax although circular in nature the $16,500 UBI will more than cover it. Not sure how this works in with welfare, not my area of interest.

    The question you are asking is the same as all the ACT voters "what is in it for me". Sadly the waste we see in govt overides the good things being done, so I guess it is reasonable to ask whats in it for me when you see the head of the Ministry for Pacific Peoples lavishing a $40,000 leaving party on himself. That is criminal yet no one will be held accountable.

    $8billion losses brought on by an irresponsible RBNZ. No one accountable just "noise" says Adrian.

    https://www.nzherald.co.nz/business/...PXNBXKV7QS7W4/

    Personally rather than "what is in it for me" we should ask "what is best for NZ". There is no right answer but we can vote for the party we think has the best policy to answer question number two.

    With everyone asking what's in it for me our politicians are pandering to selfish aholes and focus groups are setting policy. Not good in my opinion.

    Obviously as I am a selfish ahole myself, if I were wealthier I suspect my political views might change.

  5. #25
    Member
    Join Date
    Sep 2019
    Posts
    206

    Default

    AFAIK the land tax is proposed on the value of the land only, not improvements.
    This would appear to encourage intensification and discourage land banking, both good things.
    The idea is to move the treatment of land along the spectrum from a speculative investment towards being a productive asset.

  6. #26
    Member
    Join Date
    Sep 2019
    Posts
    206

    Default

    The UBI scheme is intended as a substantial replacement for the welfare system (obviously with top-ups for those that can't work to supplement it).
    The current system is punitive and invasive and a universal base, regardless of your living arrangements, relationship status etc, with the ability to work as much as you can to improve your lot without being financially punished for it, sounds like a good idea to me.

    Clearly, this won't be happening in the next term or the one after even if TOP wins Ilam, but I think it would be a progressive set of ideas that would get a bit more air with the exposure a seat would bring.

    I haven't done a deep dive into the numbers so won't judge the scheme as currently touted, but at least they are looking to the future and considering things that might improve the way our society operates.
    The same old **** being trotted out by the existing representatives is looking increasingly unfit for purpose for the next 50 years.

    The world has changed, our policies have not.

  7. #27
    Membaa
    Join Date
    Nov 2004
    Location
    Paradise
    Posts
    5,344

    Default

    Quote Originally Posted by dln View Post
    The UBI scheme is intended as a substantial replacement for the welfare system (obviously with top-ups for those that can't work to supplement it).
    The current system is punitive and invasive and a universal base, regardless of your living arrangements, relationship status etc, with the ability to work as much as you can to improve your lot without being financially punished for it, sounds like a good idea to me.

    Clearly, this won't be happening in the next term or the one after even if TOP wins Ilam, but I think it would be a progressive set of ideas that would get a bit more air with the exposure a seat would bring.

    I haven't done a deep dive into the numbers so won't judge the scheme as currently touted, but at least they are looking to the future and considering things that might improve the way our society operates.
    The same old **** being trotted out by the existing representatives is looking increasingly unfit for purpose for the next 50 years.

    The world has changed, our policies have not.
    Nice precise, whether one agrees or not, it’s a wasted vote. A vote for TOP won’t change a single thing, it’s an idealistic crusade destined for disappointment and decades of it, which even then may come to nothing.

  8. #28
    Member
    Join Date
    Sep 2019
    Posts
    206

    Default

    To be fair, a substantial proportion of votes are "wasted" and have no bearing on the outcome.
    That's not an excuse for not voting or just voting for more sh1tf#ckery because they will win.

    I haven't decided where mine's going yet, and most of the pitches to date have been very unimpressive.

  9. #29
    Permanent Newbie
    Join Date
    Mar 2010
    Posts
    2,522

    Default

    Thanks to dln I am wondering if there is enough time for me to buy a house in the Ilam electorate. Maybe I can just rent there for a couple of months before the election.
    Last edited by Aaron; 18-08-2023 at 09:07 AM.

  10. #30
    Legend
    Join Date
    Apr 2008
    Location
    Sth Island. New Zealand.
    Posts
    6,436

    Default

    Quote Originally Posted by dln View Post
    To be fair, a substantial proportion of votes are "wasted" and have no bearing on the outcome.
    That's not an excuse for not voting or just voting for more sh1tf#ckery because they will win.

    I haven't decided where mine's going yet, and most of the pitches to date have been very unimpressive.
    Translation:

    A substantial proportion of votes are "wasted" and have no bearing on the outcome.
    That's not an excuse for not voting or just voting for more sh1tf#ckery because they will win.

    I haven't decided where mine's going yet, and most of the pitches to date have been very unimpressive.

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •