WHS - Warehouse Group

**Beagle** · 09-06-2020, 10:59 AM

Last time I checked the Warehouse is not spelt WINZ and is perfectly entitled to streamline their business and good on them. PM should stick to throwing helicopter money around and let WHS stick to what they do.

**ratkin** · 09-06-2020, 11:08 AM

Originally Posted by Zaphod

Yes - locking down an isolated and small country is the relatively easy part, but staving off a depression and rebuilding the economy is going to be exceptionally difficult for any party, especially Labour in its current form.

What many do not seem to realise is the pain has not even started yet. All the soon to be covid unemployed are still fairly minted with redundancy and govt handouts, this thing going to take ages to unravel.

**Balance** · 09-06-2020, 11:12 AM

Originally Posted by ratkin

What many do not seem to realise is the pain has not even started yet. All the soon to be covid unemployed are still fairly minted with redundancy and govt handouts, this thing going to take ages to unravel.

Don't worry about it - government still have $20 billion to throw at the economy before elections in September.

Such happy times ahead!

**traineeinvestor** · 09-06-2020, 11:14 AM

Originally Posted by CD_CHCH

https://www.stuff.co.nz/business/121...-1080-job-cuts

"Prime Minister Jacinda Ardern says she's "angry" at the Warehouse Group for proposing to cut up to 1080 jobs"

And this coming from the person leading the govt that is charging our national carrier an exorbitant interest rate so they can survive, and using foreign overseas companies for Kiwirail work.
https://www.nzherald.co.nz/business/...ectid=12337516

She has no moral high ground on this one - perhaps this is her idea of 'being kind'

Before criticising others perhaps she should be taking a long hard look at the govt's string of broken promises and wasted money.

Well said. "Be kind" is used strictly in the Orwellian sense.

**Beagle** · 09-06-2020, 11:22 AM

Originally Posted by Balance

Don't worry about it - government still have $20 billion to throw at the economy before elections in September.

Such happy times ahead!

Agreed and Cindy is an absolute certainty to get a second term unbridled from the constraints and checks and balances of Winston Peter's and then watch the socialism really start. WHS target demographic stand to get considerably more support than just the $25 per week recent benefit increase. Her comrades will be well looked after.

**Balance** · 09-06-2020, 11:32 AM

Originally Posted by Beagle

Agreed and Cindy is an absolute certainty to get a second term unbridled from the constraints and checks and balances of Winston Peter's and then watch the socialism really start. WHS target demographic stand to get considerably more support than just the $25 per week recent benefit increase. Her comrades will be well looked after.

Now you are scaring me!

Watch out for:

Marginal tax rate hike up to 45% (temporary only like Muldoon's 66%),

GST to 17.5% (it's crisis time so extreme measures are required),

Wealth tax of 2% on properties over $1m (based upon last CV),

Financial services tax of 2.5% on all financial transactions,

and stamp duty of 2% on all real estate transactions (except first home buyers).

All welfare benefits to be increased by 25%, except national super.

**Bjauck** · 09-06-2020, 11:42 AM

After all the Covid restrictions, Ardern now seems to know how to save the Warehouse business better than the Warehouse directors. It is time for the PM to step aside from interfering in business and let business try to survive and salvage its profitability so that investors do not desert it for investment in real estate.

https://www.nzherald.co.nz/business/...ectid=12338235

Originally Posted by Balance

...
...
Financial services tax of 2.5% on all financial transactions,

and stamp duty of 2% on all real estate transactions (except first home buyers).

...

Quite sensible and in keeping with other OECD countries to introduce stamp duty on some real estate transactions. Also a financial transaction tax of some sort (although not at the rate suggested) is as fair a way for revenue raising as GST, duties, excise or Income tax.

**whatsup** · 09-06-2020, 11:47 AM

What is happening to WHS now is justice for what they did to Mom and Pop stores up and down N Z 20 years ago, they disappeared and now that they (WHS ) are going from some small towns the Moms and Pops store are not there to replace them, what comes around goes around !!!!