Posts on the economy, work, business, income, and labour
The protest rally held in Rotorua, held its slogan high with nearly a hundred people in tow. “Kill the Future Focus Bill, or it will kill you!” was out in front along with cut outs of Paula Bennett, complete with fangs, risque cleavage and that famous leopard skin trenchcoat -all the props of an actor satirising the working class as she attacks us.
Should be no surprise to anyone that the Nats and Maori Party are cutting help for tobacco addicts while upping the cost of their ciggies. They don’t care about better health. Don’t care about helping poor people get off an expensive habit. It’s all about sopping the poor and give aways for the rich. But you know who did grind my gears? Those tabacco execs the other week.
Clare Curran is preparing a private members bill designed to make sure Kiwi Businesses get preference for government work.
It’s an idea that would see more jobs for Kiwi workers and help strengthen our economy but will business help push the government to back it?
English is talking more cuts at a time where cutting could well push the economy into a downward spiral.
But he knows that better than most – he was a minister in the cabinet that did just that in the ’90s.
Judith Collins is lauding the $1.2 billion of economic activity that will suppoedly result from the private prison at Wiri. But wait, the government is planning to spend $101 million on construction and $40m per year for 30 years on wages. That’s $1.3b spent for only in $1.2b of economic activity. How’s that? Oh, yeah, the private foreign owner who will be taking hundreds of millions offshore.
Can someone explain to me this ‘deepening the stockmarket’ line that the Right uses for privatisation? I consider myself reasonably well informed on these issues but I just can’t see the value to the country of the government selling public assets to a handful of stockmarket participants. Why is ‘deepening’ the stockmarket by giving up our public assets a good thing?
This is based on a lecture at the Royal Society for the encouragement of Arts, Manufactures and Commerce (RSA).
It is a hell of an effective way to present an economic argument.
This guy writes what I would aspire to write if I had the time and the cojones. For a lazy Saturday morning rant, read on.
Thousands of tenants in Auckland’s CBD face rent rises from next year as the landlords start, after a 15 year moratorium, to charge market rental. Why is that news? Ahh well, read on…
I thought Germany were going to power in to the finals – but Spain had other plans! Funny old game. According to football legend John Barnes the best football teams are socialist in nature. They play for each other, and individual brilliance is often subservient to the common good…
Auckland Transport Blog saying the bleeding obvious about the aggrandizement project that appears to be Steven Joyce’s grand vision for the future of transport in Auckland. If he was concentrating on reducing the road toll on this stretch of road, there are simpler and cheaper ways than wasting taxpayers money.
Supermarkets are squeezing producers while marking up the prices of fruit and vegetables by up to 500%. The worst side of capitalism in action. Support your local farmers’ market, and the Green’s call for a supermarket code of conduct.
Key’s worried about us being even more bought out by foreigners. Key’s in South Korea about to sign a Free Trade Agreement. New […]
Economists, bankers, Treasury officials, financial wizards of various kinds, they like to pretend that they know what they’re talking about. All too often they don’t. Predicting the behaviour of complex systems is hard. Consider for example, the big banks’ predictions on the winner of the Football World Cup…
PM warns against Kiwis becoming ‘tenants’ – The Herald. John Key says that we’ve got to make sure we don’t sell too many of our assets and end up sending the profits overseas. Good stuff, it’s exactly what the Left has been saying and the opposite of National’s policy until now. I guess we’ll have to see if Key backs up his words with action.
Neo-Liberalism is a failure; not just in human terms, but by its own measures. Since the concepts of neo-liberalism were taken up by Roger & Ruth 26 years ago neo-liberalism has driven down wages as a share of GDP, massively increased inequality and stripped workers rights.
KiwiBank boss, Sam Knowles wants the Government to step up to the plate and improve NZs saving rate, through making KiwiSaver compulsory.
Pansy Wong on the gender wage gap: “It was the case that the gap was between men and women was at 12% since 2001. After 18 months of the National Government the pay gap is now 11%.” Um. No, it’s 12.3%. When are these Nats going to learn that in the age of the internet and publicly accessible statistics you can’t just lie and expect to get away with it?
Bill English claims that our low national savings rate is due to the ‘government paying for everything’. According to English, people don’t need to save because the government pays for early childhood education, superannuation, Working for Families, and interest-free student loans. Does he have any evidence that is the case? Of course not. The evidence points the other way.
John Key wilted yesterday as he attempted to cover for the fact that most Kiwis will be worse off thanks to his GST hike and cuts to public services like early childhood education, which don’t eliminate costs, just pushes them on to families. He went wrong pretty quickly, claiming a couple called ‘Bill and Mary Smith’ had called to thank him, then admitting he had made them up.
In a moment of uncharacteristic political honesty, John Key has come clean on his ETS. It loads “disproportionate” costs on to householders. National’s scheme is all about keeping things sweet for their business mates – muffling the price signal that an ETS is supposed to send by (as usual) socialising the costs.
Australia is looking at quality mark for products from ethical supply chains.
We should too.
The point of an ETS isn’t to just blindly pay more, it is to change our behaviour so that we don’t have to. National don’t get it, so they have brought us the worst of all possible ETS schemes. Badly designed and devoid of vision. An ETS with all of the costs and none of the benefits.
Unique in the world, we task our Reserve Bank with only one goal – keeping inflation in the target range – and give it one blunt tool to achieve it. Adding other objectives would bring us into line with other countries and giving the Bank better tools is long overdue. We need a smarter, more sophisticated approach to monetary policy. It is great to see the Left pushing for it.
The first budget from the new Tory-LibDem government is a shocker, with massive austerity cuts and a rise in VAT to 20%. This is the bill for the £850 billion bail out of big banks coming home to roost.
Why should we care about five dead rich mining executives? Makes me feel pretty sick thinking about the warped coverage these stories get. Deaths of poor dark-skinned people by the hundred are so routinely ignored. And anyone ask what they were mining there? Foreign mining interests in that part of the world triggered the Great War of Africa. But who cares, eh?
Tony Ryall, like Anne Tolley, is facing a big fight over wages. The health budget is chock-full of cuts as it is and Ryall says there simply isn’t any money to give doctors pay rises as they and other workers face nearly 6% inflation next year. The government can find billions for tax cuts for the rich but not to pay doctors and teachers. Priorities.
Many think that Capitalism has been corrupted, socialised. It hasn’t – it’s been purified. We used to have capitalists that produced things; they […]
We know that the foreshore and seabed deal does not do what the Maori Party was established to achieve but, almost paradoxically, it gives iwi the veto and mineral rights that will be seen by businesses wanting to undertake activities like aquaculture, tourism, and undersea mining as imposing an unknown and possibly very large tax from an unaccountable power.
President Obama has just come out and said the US and the world needs to get off its oil addiction. But, just as we’ve been talking about climate change for nearly two centuries, before it was even a problem, and done nothing about it, Presidents have been declaring its time to end the oil age for 40 years and nothing has changed. Why can’t we get serious about saving ourselves?
You know, if we don’t give those mining companies some more free seismic data, rent-free access to our most precious natural environments, and only demand low royalties when they dig up our minerals, we’ll lose them to the lucky country. That’s right, Afghanistan. It’s sitting, quite literally, on a gold mine and it makes ours look like small change.
Fabians Lecture tonight: Economics for Everyone in Auckland Trades Hall, 147 Great North Rd, Grey Lynn 5:30-7:30 Jim Stanford on why the Economy […]
At the moment the UK is debating a rise in Capital Gains Tax, from 18% to 40 or 50%. The debate is largely going on within the ruling Tory party, as their coalition partners the Liberal Democrats won several tax concessions so that they could create a GBP10,000 income tax free band. The proposed tax rise is to treat earned and unearned income the same.
The Deep Horizon oil spill drags on and on and the estimates of the daily leak keep growing. The oil industry has proven itself incapable of plugging an oil well leak in deep water. Yet the government is pushing ahead with deep sea drilling a disturbingly dismissive attitude towards what is happening in the Gulf of Mexico and could happen here.
Press release by Te Matarahurahu Hapu. A Ngapuhi tribal leader will be insisting at the Waitangi Tribunal hearings next week that a special tribal tax be imposed on all residents living within Ngapuhi boundaries. David Rankin, the Chairman of the Matarahurahu hapu…is proposing a flat tax rate of 9 % be applied to every person living within Ngapuhi’s tribal territory.
According to Treasury, Kiwi workers’ combined incomes will be $1.5 billion lower when Key leaves office than when he entered. But the Nats aren’t done. The next stage is to attack holidays. The method of calculating sick and holiday is going to be changed to shaft shift workers. While the ‘choice’ to sell one week’s annual leave to the boss will see your work hours go up more than your pay.
