If National wins ...

[neopoleII]

"" Let's say the Greens and Labour introduce a "sugar tax" in the interests of cutting obesity. Would that be a good thing or not? ""

if they did this..... that would be a good move for society, as long as they reduced the $billion plus tax rout that is instilled onto smokers.
but we know that wont happen..... and as 2/3 of the NZ population is considered to be over weight or obese ...... I cant see the labgreens
bringing in any taxes that affect the ""poor"" fat folks in our society.
why is it that poor folks are fat, yet the poor kid are starving worse than 3rd world kids???
is it because the nasties are in power .... or is it that poor fat folks dont care about their kids?
have a drive through south aucks and see the franchised burger joints packed out with fatties and this is the same economic zone
that has the highest welfare dependency in NZ.

IMHO...... give the poor or the needy folks food stamps, pay their housing and utilities direct to the suppliers, and then give them a small discretionary amount to spend.
unlike....... the current system of loading these folks banks accounts up with welfare cash to be spent how they choose.
from my understanding....... which is very simpleton...... south aucks........ the poorest district in NZ has the biggest problem with,
booze, drugs, gambling and fatty fast food......... so ....... where is all this cash coming from?
welfare handouts........ instilled by LABOUR.

Disc......... live in south aucks from 5 years of age till 25 years of age. move to franklin, but folks still live in south aucks.
The entire district is funded on welfare.

[neopoleII]

now for the sad part......
my missus comes from true red dunedin....... her father is a true labour voter.....
he came up for a visit to see where his only daughter moved to...... my/ our place ...... isolated farm in franklin.
so....... he gets off the plane and I decided to show him an auckland labour stronghold.
so we drove all around mangere, papatoetoe, manurewa, and all the other sub-suburbs, went through otara shopping center etc,
so after 2 hours of driving, I told him this is the labour strong hold. but it needs the hard working class of honest dunedin workers /voters who are
olde school dunedin workers, who WORK for a living, and vote labour to support this area ........ what they dont know is, they are supporting a population of welfare users
larger than the population of dunedin in South auckland.

anyway..... his eyes are finally open and for the first time, this 78 year old man will not vote labour.

Personally i think every south islander needs to spend 2 hours in south auckland.
and every south aucklander need to spend a week in Africa.

but hey....... im just a simple guy who crawled out of south auckland and live within my means.

[Sgt Pepper]

[QUOTE=fungus pudding;491404]

Labour? Is that the crowd that bought us an overpriced useless rail system as a going away present?

Kiwi Rail/NZ Rail? is that the company John Key purchased shares in, and then forgot, and then remembered ?
Hopefully his memory was better when he worked at Merrill Lynch, however you never know, they may have been desperate to recruit staff.

[fungus pudding]

[QUOTE=Sgt Pepper;491418]

Kiwi Rail/NZ Rail? is that the company John Key purchased shares in, and then forgot, and then remembered ?

If you had bought shares in Kiwirail, would you admit it?

[Xerof]

Over priced? I though they paid just one dollar for all the track and land.

Labour SOLD it for $1, then bought it back for $700,000,000.

[fungus pudding]

You mean Tranzrail (TRH?)? The shares that Key bought?

I admit to buying. And I'll confess to the near 100% tax free capital gain too.

I, unlike Key, did it with an economics rationale rather than from inside information that Key would have been privy too.

By too, I presume you mean as well as you.

[Sgt Pepper]

FP

The following is to refresh your memory.



Mr Key has struggled to explain why he did not disclose he had a much bigger stake in Tranz Rail, and traded in the shares when he was seeking official information about them and publicly commenting on them. Finance Minister Michael Cullen said yesterday that Mr Key had lied, covered up the truth and acted unethically over the transactions in 2002 and 2003.
"Clearly, Mr Key was not simply not forthcoming, he actually lied," Dr Cullen said.
The records, unearthed by Labour's researchers, throw Mr Key on to the back foot just as the election campaign starts, and at a time when National was hoping to gain politically from the privileges committee investigation into NZ First leader Winston Peters.
The revelation explains why Labour has been pushing the issue of "trust" so strongly as its main campaign theme.
The records show that Mr Key's family trust bought 30,000 shares on February 15, 2002, for $108,000 and a further 20,000 shares four days later for $72,000.
In July 2002 Mr Key was elected to Parliament and was appointed associate transport spokesman for National. He asked a series of questions about Tranz Rail in October 2002 and again in April 2003.
On May 7, 2003, he bought in his own name 50,000 Tranz Rail shares for about $22,500.
On May 20 he had a meeting with Rail America, which had been interested in bidding for the company but withdrew. Later that month he complained to the ombudsman about Dr Cullen's refusal to release to him information on Tranz Rail.
On June 10 he sold the parcel of 50,000 shares in his own name for $51,000 - more than doubling his money. A day later he quizzed Dr Cullen at a committee about the company, but had to this point never disclosed his shareholding interest.
On June 13 his family trust sold its shares for $48,000 - a loss that meant Mr Key overall made a loss on the transactions.
Ad Feedback <a target="_blank" href="http://adclick.g.doubleclick.net/aclk%253Fsa%253DL%2526ai%253DBzym7GHHAU87hA5Cj9AWf uoGgDovomvAEAADg5aQBEAEgADgAWPPftLW1AWCr5LOF-CiCARdjYS1wdWItOTM2Njg2NzE3NDIwMzc3MrIBD3d3dy5zdHV mZi5jby5ueroBCWdmcF9pbWFnZcgBCdoBdmh0dHA6Ly93d3cuc 3R1ZmYuY28ubnovZG9taW5pb24tcG9zdC9uZXdzL3BvbGl0aWN zLzYzOTgwOC9LZXktYWNjdXNlZC1vZi1seWluZy1vdmVyLXJha Wwtc2hhcmVzLWZvbnQtc2l6ZS0xLXZpZGVvLWZvbnSpAnRA8zF Pkq0-wAIC4AIA6gIqNjY3NC9vbmwuc3R1ZmYuZG9taW5pb25wb3N0L2 5ld3MvL3BvbGl0aWNz-AKB0h6QA6ALmAOgC6gDAeAEAaAGHw%2526num%253D0%2526si g%253DAOD64_1e5aBpdBDXCryfYznxcGvPVN6K5w%2526clien t%253Dca-pub-9366867174203772%2526adurl%253Dhttp://ad.doubleclick.net/ddm/clk/282860036;109747898;x"><img src="http://pagead2.googlesyndication.com/pagead/imgad?id=CICAgKDjv8WmHxABGAEyCC5jDOsHuYcu" width="300" height="250" border="0" alt="" galleryimg="no"></a>

He said in a June 13 newsletter: "It is critical for our transport strategy that we have an efficient fully operational rail network and I hope that the interest shown by Rail America will be picked up by others."
Mr Key only admitted his shareholding reached 100,000 after being confronted with that number by a One News reporter - first saying it had reached only 50,000.
"Actually maybe 100,000 from memory, sometimes 50,000, sometimes 100,000, yep," he said.
"Yeah, sorry, there was 100,000 in total."
He said he had not revealed the size of his parcel before because "no one has ever asked me the number I owned".
He said he had been open about when he sold them.
"I don't ever believe I have traded shares for my own personal benefit with information I have had from Parliament."
Dr Cullen said the issue was not one of insider trading but of ethics. Mr Key had breached Parliament's standing orders by not disclosing his interest.
This morning Mr Key said the attack was further evidence Labour would run a desperate smear campaign against him.
"Labour continues to be distracted from the real issues facing New Zealand," Mr Key said.
He said it had been public knowledge for months his family trust had been shareholders in Tranz Rail until the shares were sold in June 2003.
"The point here is that I confirmed my family trust was a shareholder in Tranz Rail when the matter was first raised," he said.
He said the number of shares held by the trust varied at different times.
"The shareholdings were managed on my behalf by my broker who had the authority to act on individual share parcels without referring back to the trust.
"Early in June 2003 it became clear to me Tranzrail could be a major political issue and I instructed my broker to sell the shares, which were sold on 9 and 12 June 2003. The net result of the shareholdings is that the trust lost a substantial amount of money."
DATES AND DEALINGS
Timeline of National leader John Key's Tranz Rail share dealings.
* February 15, 2002 – Mr Key's family trust buys 30,000 shares in Tranz Rail for $108,000.
* February 19 – The trust buys 20,000 more Tranz Rail shares for $72,000.
* July 27 – Mr Key is elected to Parliament.
* October 30-31 – Mr Key asks parliamentary questions relating to Tranz Rail and the future of the rail track without disclosing his shareholding.
* April 9, 2003 – In Parliament, Mr Key questions Finance Minister Michael Cullen about secret meetings between the government and Tranz Rail.
* April 14 – Mr Key seeks dates and details of government meetings with Tranz Rail in written parliamentary questions.
* April 23 – Mr Key seeks copies of minutes from government meetings with Tranz Rail from Dr Cullen, who declines on commercial secrecy grounds.
* May 7 – Mr Key buys 50,000 more Tranz Rail shares in his own name for $22,500.
* May 20 – In his role as National's associate transport spokesman, Mr Key meets Rail America to discuss Tranz Rail.
* June 10 – Mr Key sells the 50,000 Tranz Rail shares he bought in May for $51,000.
* June 11 – Under questioning by Mr Key in Parliament, Dr Cullen expresses his view that Tranz Rail is carrying hundreds of millions' worth of liabilities.
* June 13 – Mr Key's family trust sells its 50,000 Tranz Rail shares for $48,000 – a loss of $132,000.
* June 18 – Mr Key again attacks government plans to buy back rail tracks.
* October 16 – Mr Key makes apparently hypothetical reference in the debate over pecuniary interests legislation to a possible shareholding in Tranz Rail. NZPA
- The Dominion Post

| Saved Stories | Saved Stories

| Saved Stories | Saved Stories


Dominion Post Homepage



Ads by Google

Hair Stylistswww.vivohair.co.nz$109 New Client Deal. Cut, Colour, Treatment, B/dry & More! Ltd Time.

Audio Technica NZrubbermonkey.co.nz/Audio-TechnicaNZ Supplier, Overnight Shipping Thousands Of Products In Stock

Luxury Swiss Watch Brandspartridgejewellers.co.nz/WatchesLatest models are now available. Tax Free purchases if travelling.



Sponsored links




News Headlines

Mayor to leg-it before wedding day
Brothers killed doing what country boys do
Chemical spill near Hastings
Aratere returns to freight sailings
Drug-addicted son tested mum's love
Another mountain to climb for White
Outspoken councillor subject of 'witch-hunt'
Blog swaps cycle incident for rape
Yes, same-sex dates can go to the ball
The battle to remake Buckle St
Approval for revamp of Wainui mall
Flashbacks haunt mower death driver
The science of the modern scarlet lady
Milk made in laboratories to hit shelves







Ad Feedback

Dominion Post Headlines

Approval for revamp of Wainui mall
Yes, same-sex dates can go to the ball
Flashbacks haunt mower death driver
Milk made in laboratories to hit shelves
The battle to remake Buckle St
Drug-addicted son tested mum's love
Another mountain to climb for White
Son guilty over 'war chest'
Christchurch $3000 job incentive nets 50
Alleged diplomat victim criticises John Key
NZ's outlook turns positive
Skinned seal find shock for DOC staff
Blood test 'major step forward' in Alzheimer's
Knowler: More runaround guff from Ma'a Nonu
Landmark restaurant up for tender








Special offers

[fungus pudding]

Which reminds me, FP, a claim you made on CGT ... Re CGT exemptions ...



To which I responded...



And you replied, no references, just your own beliefs ....



My rebuttal ... Firstly, a Professor of Law and Taxation at Auck Unis Business school ..

Craig Elliffe: Time to examine the sacred cow of capital gains tax

... and Westpacs chief economist ...

http://www.nzherald.co.nz/business/n...ectid=11257816

... Do I need to dig up NZ Treasury's view on CGT too?

... Need I also remind Key sycophants of his pledge not to change our unaffordable Superannuation system as well?

Key is NOT the financial genius many think - simply a selfish guy; supported by a diminishing number of short sighted, selfish people; who feathering his own very rich nest.

Just smile and wave boys. Smile and wave. #TeamKey (the party for rich)


http://www.nzherald.co.nz/business/n...ectid=11257816

There are a lot of pros and cons with a CGT. Also a lot of traps for the unwary who is not even an investor. We certainly don't want to end up with a scheme like Australia's. However my point was we are constantly told by Labour that CGT will direct funds from real estate to other forms of investments. That is simply nonsense as all forms of investment and businesses (apart form a few small enterprises) will be subject to CGT and therefore will not be more attractive because of the tax. NZ's spec tax of the 1970s should show you how prices will not reduce in real estate. In that case the opposite happened. Evidence suggests that CGT slows markets by slowing supply and we know what that means.

[Cuzzie]

We don't know the kitchen story because you only give your version.

"To give you some idea of that scale, in the May Budget the Government increased the total estimated cost of rebuilding Christchurch to around $40 billion from the previous estimate of $30 billion. The Government's share of that cost is now around $15 billion – up from the previous estimate of $13 billion."
Quote from Scoop. How''s that for twisting the facts?
Rap ? your laughing gear around that

westerly

westerly you're right last week I has too much work on my hands and did a quick google search for the total cost for the Govt. for the ChCh rebuild, which came up with the $40 Billion total. Normally I would read the whole article to make sure I had my facts right. I bypast that and will admit I got it wrong. The reason I was so busy is I had to push through five days work into three so I could go down country for my sister's funeral. Very, very sad as she was a fantastic person and will be sadly missed by all who knew her. Now I'm back I have a bunch of stuff to get through.

Anyway, back to the final price tag for the Government, won't be $13 Bill like you said but more like $20 Bill. The link is
Govt may raise rebuild contribution to $20b. I see Labour want to push more of the Quake rebuild costs could shift on to taxpayers. That will go down well for Labour in ChCh on election night ... not.

Just adjust my accounting down by 20 Billion with Labour's Kiwisaver & Working for Families costs still to be added on, which still shows just how well the Key Govt. has done - There is no denying that. Three more years of keeping Labour away from the chequebook and that will only get better & better.

[neopoleII]

hi belg,
I liked reading your post and there are some things I agree with,
for instance..... I support full employment, and would vote for any party that truely implements it.
the trouble is...... labour might be saying this, but the core background of the party is to dish out ever larger welfare policies.
the bad part about this is, while they advocate full employment the general citizenry "know" or "feel" that if they get into power,
the government purse strings will be opened up to more welfare.
And the opposite is true for national...... they "know" or "feel" that they will tighten the purse on welfare.
so we end up with this backwards and forwards welfare issues.
to achieve full employment we need to bring our factories back to NZ....... the rest of the western world has the same problem.
USA was the first to export its factories overseas..... and they were the first to feel the pain.
now they are retooling and getting the country working again.
We here in NZ will eventually do the same.
In my opinion there is too much welfare in NZ, on the same note though, housing costs are just wayyyyy over the top as well,
and therefore the welfare is needed. but there are better ways to give out welfare than loading up a debit card with cash.

but even before we can achieve full employment, and before we bring the factories home.
We have to instill into the current new generation a work ethic,life skills, and social responsibility.
this is the stuff that is in short supply in south auckland, and the few who have it, they are overrun or targeted by the hordes.

the problems we face in NZ were built over a generation, and will take as long to fix.
the hundreds of thousands of kiwi kids being raised in single parent homes, with no or little fatherly contact......
or for that matter a manly influence in their lives...... and then very little discipline in school life and the result is what we
are seeing on a regular basis in our papers and tv and courts.
and still the welfare dollars pour out at the rate of billlions.

I once said before, put labour and national into bed together for one term and we the citizens force them to work together.
they will definitely hate it, but it would be a very good thing for this country.
there would be a balance in welfare and commerce that no other party "marriage" could achieve.

simple fact is....... I dislike all the parties equally, but I vote for the best result for the community I live in.
I helped vote clark in, I have voted for the maori part to give them strength for their people.......( hoping the special maori seats would the be abolished)
Have vote for national because we need strong commerce direction. would prefer to vote green....... but the co leaders scare the hell out of me.
I might vote conservative this time around ......just because I dont like the rest.

cheers