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  1. #2511
    Senior Member
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    Nov 2018
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    Christchurch
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    Quote Originally Posted by fungus pudding View Post
    No. Read the budget and you'll see all sorts of govt. expenditure that you won't be happy about. I promise.
    LOL My wife (who works in public health) tells me all about this on a daily basis. You will not find ANY affluent, charitable, philanthropic, person agreeing that sending more money to the tax dept is a better way than giving $ directly to charity and to the people in need. It's basic economics that proves gov'ts are always inefficient compared to the private sector.

  2. #2512
    Legend
    Join Date
    Apr 2008
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    Sth Island. New Zealand.
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    5,459

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    Quote Originally Posted by SBQ View Post
    LOL My wife (who works in public health) tells me all about this on a daily basis. You will not find ANY affluent, charitable, philanthropic, person agreeing that sending more money to the tax dept is a better way than giving $ directly to charity and to the people in need. It's basic economics that proves gov'ts are always inefficient compared to the private sector.
    The danger is govt's will always find things to spend your money on. That's to get voters to think the generous govt. should be re-elected. 'They take your money and buy you some things' Problem is if too much goes to charity, the only way to make themselves popular again is to raise taxes; so those who prefer to pay tax will have to pay more - then those people - who are now nearly penniless, have to rely on food banks, which are funded by those who prefer to donate to charities rather than pay tax. So here we all are in this never ending circle of giving away our hard earned money. The only way to avoid it is to convert everything into bank notes - and burn it all. Best time to do that is the week before you die - cos sure as Allah made little green apples - they'll come looking for you. Well - not so much you - it's the now non-existent money they want.
    Last edited by fungus pudding; 22-10-2021 at 01:11 PM.

  3. #2513
    Permanent Newbie
    Join Date
    Mar 2010
    Posts
    1,480

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    Quote Originally Posted by fungus pudding View Post
    The danger is govt's will always find things to spend your money on. That's to get voters to think the generous govt. should be re-elected. 'They take your money and buy you some things' Problem is if too much goes to charity, the only way to make themselves popular again is to raise taxes; so those who prefer to pay tax will have to pay more - then those people - who are now nearly penniless, have to rely on food banks, which are funded by those who prefer to donate to charities rather than pay tax. So here we all are in this never ending circle of giving away our hard earned money. The only way to avoid it is to convert everything into bank notes - and burn it all. Best time to do that is the week before you die - cos sure as Allah made little green apples - they'll come looking for you. Well - not so much you - it's the now non-existent money they want.
    No doubt there is waste this could be but one example.
    https://www.stuff.co.nz/entertainmen...terary-project

    I was going to suggest to SBQ that he move to a country without a central govt as "basic economics has proven gov'ts are always inefficient compared to the private sector."

    I think the govt in Somalia is relatively small but that said I understand their tax collection dept is very efficient. Maybe Monaco would be a better bet.

    Don't forget SBQ economics is a social science so not science at all. It is not like maths, no right or wrong answer, but you believe what you want to believe. You are probably a good christian as well.

  4. #2514
    Senior Member
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    Nov 2018
    Location
    Christchurch
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    726

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    Quote Originally Posted by Aaron View Post
    No doubt there is waste this could be but one example.
    https://www.stuff.co.nz/entertainmen...terary-project

    I was going to suggest to SBQ that he move to a country without a central govt as "basic economics has proven gov'ts are always inefficient compared to the private sector."

    I think the govt in Somalia is relatively small but that said I understand their tax collection dept is very efficient. Maybe Monaco would be a better bet.

    Don't forget SBQ economics is a social science so not science at all. It is not like maths, no right or wrong answer, but you believe what you want to believe. You are probably a good christian as well.
    You've missed my point about the whole idea of charity. The social benefit is greater by those that gift directly to society than to pay that in taxes and assume the gov't will do a better job. Not all gov'ts are the same and philanthropy by individuals is far and few in NZ. The use of non-profit trusts is well abused in this country, ie Ngai Taku is a clear example having economic wealth grow from $185M in 1998 to $1.6B last year or so. It an absurd figure when their respected members still knock on gov't doors for hand outs.

    The beauty about economics is it's quite simply, "the study of choices". If you've paid your taxes, contributed to society, then the last thing the gov't should do is have IRD screw around you. It's the wrong incentive... and WINZ recipients never get screwed by IRD.

  5. #2515
    Senior Member
    Join Date
    Feb 2020
    Location
    Nelson
    Posts
    1,061

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    Quote Originally Posted by SBQ View Post
    I'm not saying there's a fine line about how much taxes should be paid or not. What i'm getting at is having some common sense, for which tax departments don't have. So if IRD wants to create a war by going after the rich AND their spouse (in thinking they're hiding assets), i'm afraid they will lose, a complete waste of time, and the end result will have consequences.
    These people will want to flee to safe places when climate change hits. So we should be getting our money's worth.

    Hidden trusts like david seymour has, and 0% tax is unacceptable either in the US or here.

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