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  1. #11
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  2. #12
    FEAR n GREED JBmurc's Avatar
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    I may not get any anyway as I think the superannuation surcharge should be brought back in as well as death duties while looking to lower income tax and GST.

    I agree on the death duties ,I know of so many very weathly parents than will be leaving some huge Capital plus 500k+ p.a passive cashflow's to their 2-3 kids that will never have or work a day in their lives...esp when you look at the large imbalance of wealth to the baby boomers a Death duties 10% over 400k-500k assets etc could be pooled into fund that invests into NZ instead of selling are assets we should be building them up.
    "With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu

  3. #13
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    If Labour wins we all emigrate.
    Somewhere the government is perpetually business friendly and non socialist.
    Austria, Switzerland, Singapore, Bahamas,....any other suggestions?

    All that superannuation stuff is BS. If you are competent and saved and invested all your life you shouldn't need the State crutch.
    I'd be quite happy to totally lose my 65+ super....

    Although one has to except all those unfortunate people who invested in dodgy finance companies and dodgy enterprises and were defrauded.

    I followed the principle that I never invested with a finance company because there was no capital return. A principle that has worked brilliantly for me, nearly all NZ's 53 finance companies went down in a heap. I used to look at the constant stream of mail from companies like Nathan imploring me to invest. As it got more and more frenetic I thought they must be just about to go down. Obligingly they then did. No more nuisance mail from them.
    Nor did I buy shares in the companies of any of the 1987 villains like Petrecevic or shady characters like the Hotchin brothers or high flying speculative real estate ventures. Also worked brilliantly for me.
    Last edited by Major von Tempsky; 20-11-2011 at 02:07 PM.

  4. #14
    Senior Member Lego_Man's Avatar
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    Quote Originally Posted by Major von Tempsky View Post
    Automatic stabilisers are the thing.

    In biology/evolution the lazy ignorant unwashed and stupid don't manage to reproduce and are eliminated from the gene pool.

    In politics the lazy ignorant unwashed and stupid (a) can't be bothered/understand how to register (b) if they do can't be bothered to vote on the day.

    This is a natural automatic stabiliser in favour of National.

    Makes you wonder how the right ever gets in in Australia, where voting is compulsory.

  5. #15
    Legend
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    Quote Originally Posted by Major von Tempsky View Post
    If Labour wins we all emigrate.
    Somewhere the government is perpetually business friendly and non socialist.
    Austria, Switzerland, Singapore, Bahamas,....any other suggestions?

    All that superannuation stuff is BS. If you are competent and saved and invested all your life you shouldn't need the State crutch.
    I'd be quite happy to totally lose my 65+ super....

    Although one has to except all those unfortunate people who invested in dodgy finance companies and dodgy enterprises and were defrauded.

    I followed the principle that I never invested with a finance company because there was no capital return. A principle that has worked brilliantly for me, nearly all NZ's 53 finance companies went down in a heap. I used to look at the constant stream of mail from companies like Nathan imploring me to invest. As it got more and more frenetic I thought they must be just about to go down. Obligingly they then did. No more nuisance mail from them.
    Nor did I buy shares in the companies of any of the 1987 villains like Petrecevic or shady characters like the Hotchin brothers or high flying speculative real estate ventures. Also worked brilliantly for me.
    Major, if it was so easy for you to negotiate away from the finance companies, how is it that so many got trapped with their bank savings? I put it to you that probably the whole finance sector votes National, and it is these scheming rogues who took that money from unwary investors (offering very little extra possible return over bank savings) many of whom relied on their (often well-meaning) accountants and brokers for advice. I dare say you had to be inside the system to be that wary of it. Because there was very little warning going on in the press, until it was too late.

  6. #16
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    No need to emigrate :-). 48 + 1.1 + 0.7 + 2.8 = 52.6.

    Loved the observation that most emigrants to Australia vote Labour which is why the polls in NZ swung to National :-).

  7. #17
    Legend
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    OK Major, a great result if you're already set up and prosperous. The top few percent will be happy with this outcome. The rest followed the media and may not have bothered to look hard at the policies. The left voting block was still large, and where National doesn't have many coalition supporters anymore, Labour does. It'll only take a couple of byelections to possibly change things a lot.

    I'll be watching for: a release of the tea party recording (which, if it had come out earlier, might have changed the election), confirmation of a zero police intake this year, moves to use the asset sales as a contra for Iwi relativity clauses coming due next year, and sundry benefit bashing and public sector sinking caps. National's message is: the tax take is down (that's their policy, it worked), we can't afford to take a punt with anything anymore.

  8. #18
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    The tea party recording has already been substantively released by Winston Peters so you are flogging a dead horse, the election's over mate. You lost. Remember? It won't get released.

    Reminds me of a famous pack media scrum interview of a witty personality in NZ a few years ago.

    Baying media: Answer the question! Answer the question!

    Witty Personality: I'm not going to answer it because it's a hypothetical question.

    Baying media: In what sense is it hypothetical?

    WP: In the sense that I'm not going to answer it. (stalks off smiling).

    Leaving all the bystanders and even some of the media laughing.

    As for the police intake non-issue - keep up with the news mate, keep up with the news. It's a police decision and they've said the first of the 4 yearly intakes has been cancelled but not the next 3.

    Next non-issue? You put 'em up and I'll bat 'em down.

  9. #19
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    Er, you answered two Major, not the next three, which are the really big ones. Look also for a bigger jobless queue, that won't help any of us.

  10. #20
    Legend peat's Avatar
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    stability is good for the market, sure...
    but asset sales will draw out any surplus liquidity and keep a lid on the markets overall?
    For clarity, nothing I say is advice....

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