Too many hungry kids
Making sure that children don’t go hungry is not the responsibility of charity, it is the responsibility of all of us, of society. It is the responsibility of government. The National government is failing.
Economy
Posts on the economy, work, business, income, and labour
Growing our own Breivik
Just after Irish has discussed how little it takes to jump from the violent language of the NZ Right to the violent actions of Anders Breivik (and an ‘expert’ had said it can’t happen here), we learn of a rightwinger who planned a van-bomb attack on ACC. The striking thing is that his online rants are unremarkable within the Right’s discourse.
Many a true word
Bill Maher on taxes, the deficit, and why 49% of Americans are voting away their future.
The Spirit Level in New Zealand
We’ve written about The Spirit Level on several occasions. Here are the authors discussing the New Zealand situation.
Teetering on the brink
Over the last couple of months two potential crises have been unfolding in two very different countries. Greece and America both looked to be in danger of defaulting on their huge debts and triggering a cascade of disastrous consequences. The situation is still unfolding…
Who grows better? Labour or National?
Under the last Labour-led government the GDP per capita rose 15.6%. Under John Key’s National, it has fallen 1.9%. ‘Ah but Labour was just lucky and Key has just been unlucky’, say the righties. The data, however, shows conclusively which party has the best record on growth.
Chart o’ the day: trouble brewing
Another big fall in dairy prices overnight. Yet the dollar keeps breaking record highs.
Govt hits peak denial
Should we be more angry or scared? Just read the first official government presentation on peak oil. The IEA says conventional oil peaked in 2006 but our government offers only crude denialism and, paradoxically, blithe assurances that they’re ready. This is the kind of crap we used to see before we had 2 oil shocks in the past 4 years.
Goff launches procurement policy
While Key is monkeying around in LA achieving nothing, Labour is pushing ahead with policies that will take this country forward. Last night, Phil Goff announced the party’s procurement policy at a meeting of Kiwirail Hillside workers, who have just experienced the results of government contracting that ignores wider economic impacts on the country.
Job cuts at CYF
Guest poster David Clark at Red Alert has broken news on job cuts at Child Youth and Family. Front line staff will go – yet another broken promise from National.
The problem is not in the schools
According to a recent report, disadvantaged NZ youth are at the “bottom of OECD league”. The report recommends various interventions in schools. The recommendations completely miss the point, because the problem is not in the schools, the problem is in society.
Steven Joyce strikes out
Associate Finance Minister Steven Joyce has dealt his government’s economic credibility a serious blow by attacking Labour’s costings of its fiscal plan and getting his own numbers wrong. David Cunliffe looks to be enjoying himself as he rips Joyce apart on Red Alert, in the Herald, and in the Dom. So much for Joyce’s dreams of succeeding English as Finance Minister.
Inflation, growth, hard times
Back in October 2010 the Nats were quick to claim credit for low inflation. No doubt they will be just as quick now to accept the blame for inflation at a 21 year high.
Yet more dodgy Nat numbers
If you’re a blogosphere regular, you’ll have noticed that recently every monkey with a copy of the Fountainhead and a crush on John Key has been spouting the line that the top 10% of taxpayers pay 71% of net tax. Sounds incredible, eh? That’s because it’s not credible. It’s more cheap tricks from the Nats.
The straw that broke the Randian hero’s back?
I’ve been thinking about that lawyer Casey Plunket who threatened to leave for Australia over Labour restoring the 39% top tax rate at the stratospheric threshold of $150,000. It means a couple of thousand more tax for the wealthiest Kiwis. Would anyone really move countries over that? Do we need the kind of people that would?
Time for some gardening
Bad poll but not for CGT
The latest ONE News / Colmar Brunton poll is bad for Labour, and not great for the Left. But it isn’t a verdict on Labour’s CGT proposal – the polling period finished before the policy was announced.
Apparently the undecided in this poll was 14%. I wonder why that was missed out of the reporting?
More dodgy Nat numbers
The Nats can’t tell us how much their asset sales policy will cost in lost dividends and sales costs, yet they’ve magicked up some numbers with all kinds of dodgy assumptions that supposedly show Labour’s tax package doesn’t add up. Well, I suppose they would know something about borrowing for tax cuts but their attacks on Labour aren’t credible.
Imperator Fish: Why CGT will kill us all
The 90% of New Zealanders who don’t trade shares or own a second property suddenly wake up to the horror of a capital gains tax
Were NACTs planning CGT themselves?
After two weeks of contradictory, panicked lines from National, the Right’s official critique of Labour’s CGT is “it’s a hodge-podge”. The Right, including Bill English and Don Brash, aren’t saying CGT is bad, they’re saying Labour’s CGT isn’t comprehensive enough. Why, then, don’t they campaign on a more comprehensive one? Maybe they were going to.
Game theory
In a comment yesterday on Eddie’s post ‘CGT or asset sales? Which do you prefer?‘, Matthew Hooton wrote “Where do I tick “I want both”?” Except for Nat sycophants, most righties acknowledge the need for a CGT. What should they do? Well, a little game theory shows that such a rightie should vote for a Labour-led government, this one time.
Labour vs National on economic vision
At the same time as Phil Goff and David Cunliffe were unveiling Labour’s economic vision, Bill English was defending National’s in Parliament.
Reaction to Labour tax package
The media have provided us with five people examples of people who will be affected in different ways by Labour’s tax package. Ordinary families win big and they know it. The vested interests moan and reveal the pure greed that underlies their worldview. Frankly, I think Labour will win support due to both who supports and who opposes its tax policy.
The politics of greed
In response to Labour’s tax proposals the Right is trotting out their favourite mindless catch phrase – “the politics of envy”. Should the Left fight fire with fire, and get stuck in to “the politics of greed”?
Don Brash: Hypocrite on CGT
It would appear that Don Brash has ideals – and when politically required, he has other ideals.
In fact he has so many ideals that his viewpoint on a Capital Gains Tax appears to veer all over the political landscape especially in his latest press release on CGT. At a guess his only real objection to a CGT is that he is not the person proposing it.
Labour tax announcement coverage
Voters will see Labour oppositions on both sides of the world in a completely new light after this week. Phil Goff and Ed Miliband both took the bold step of taking on hitherto untouchable third-rail issues; capital gains tax in New Zealand and Rupert Murdoch’s pernicious monopoly media influence in England. Both leaders have turned the political landscape upside down and given voters a clear choice between the interests of the many and of the few. Go here for all the details. New Zealand is not for sale – game on for November!
Taxpayers
According to Gareth Morgan, “all income should be taxed if it is a fair income tax”. So where are taxes coming from right now? Well increasingly more of it is being paid by wage and salary earners, and less by businesses. Hopefully a capital gains tax will partially redress that imbalance.
CGT or asset sales? Which do you prefer?
Generally, no-one likes taxes, but Labour’s polling shows Kiwis are surprisingly receptive to capital gains tax. Head to head with National asset sales plan, the choice was clear: 55% prefer CGT vs 32% privatisation. In a contest of economic plans, Labour wins hands down. Even John Whitehead agrees. All English can do is scaremonger about the 35% debt ceiling.
Australia: screaming backwards with CGT
Russel Norman put a dagger into John Key yesterday in question time asking whether a series of national and international economic authorities really wanted to “put a dagger through the heart of growth” with a CGT. Key can waffle and whine all he likes, but he can’t avoid the truth of Australia’s enviable growth record with CGT.
Economic Management
We can expect a lot of economic rhetoric in the lead up to November from our political leaders. What does history suggest with respect to two key economic indicators: production and employment?
Chart o’ the day: this brighter future
Key has cried wolf too often
Key used to get away with spouting whatever kind of nonsense he liked. Not any more. His hysterical scaremongering on the subject of capital gains tax seems to have been a step too far. The teflon is long gone, and Key has cried wolf too often.
The get ACC levy con
After coming to office, National cried ‘crisis at ACC’ as an excuse for raising levies, cutting cover, and privatisation. Suddenly, the ‘crisis’ has disappeared and good ol’ National is cutting your ACC levies, back to where they were before National raised them. Now, just forget who put them up in the first place, and tick the blue box in November.
Key shoots himself in foot over CGT
Capital gains is a good policy that build’s the credibility of Labour’s economic and fiscal plan. Labour’s brilliantly run pre-launch has sparked interest and discussion. The destruction of John Key’s economic credibility has been a welcome side benefit. And it is a blow, Vernon Small points out, that Key has inflicted on himself.
A real plan to save the world does exist
A feasible plan to power 100 percent of the planet with complete renewables exists. This plan excludes Nuclear and Biofuels, which the Scientific American authors of this plan also considered to be ultimately unsustainable technologies as well. Instead this plan revolves around Wind, Water and Solar – WWS
Experts warn Welfare Working Group
Paediatrician Professor Innes Asher has written an open letter to the Welfare Working Group lauding their aims, but warning that their recommendations will […]