Posts on the economy, work, business, income, and labour
Colin Espiner is hanging up his umm, journalist tools?, and leaving the press gallery to be an assistant editor for The Press down in Christchurch.
I wish him the best of luck but I can’t help but leave him with one more correction of a basic mistake for the road.
Anne Tolley has promised that national standards have been introduced so that “every single child could read, write, and do maths when they left school”.
The depths of arrogance and ignorance in that claim leave me at a loss for words…
I made a mistake in my calculations of the effects of the leaked tax reforms. In the corrected numbers, the poor get less, the rich get more. The wealthiest 13,000 taxpayers get a quarter of a billion in tax cuts between them – nearly $20,000 a year each. The poorest half $1.25 a week and higher rents to pay. This ‘tax reform’ package is really a mask for a wealth grab from the many to the few.
A building with built in wind turbines that can generate a portion of it’s own power needs as well as feeding into the main grid? Well there’s a new building called the ‘Razor’, in south London, which can do just that, and looks like something out of science fiction. View the photo display featured in the Guardian.
There are a second set of seminars in Auckland, Wellington, and Christchurch over the next week on Choices and Consequences of the 2010 budget. Based on the Bold Choices seminar that I attended last weekend in Auckland (there are later ones in Wellington and Christchurch), they will be well worth attending. There are some materials on-line from that seminar.
Oh and David Farrar was shocked to find that Kiwiblog had been advertising the seminars 
With one eye firmly on the polls and an awareness that cutting wages by stealth is one thing but actually lowering wages is another, National has decided to oppose Roger Douglas’s youth minimum wage reduction bill. That hasn’t stopped the right activists from promoting it though, so I thought it would be worthwhile having a wee post summarising the arguments on both sides
The first Fabian Society seminar in Auckland last weekend attracted a good crowd watch an participate as some of New Zealand’s top economic thinkers debated how to get the economy working for us. It has been judged a huge success. The next seminars will be in Wellington on Sunday 28 March and in Christchurch on 18 April.
I got a call from a friend today, thanks to National his rent is going up. I’ll call him Ned. He’s retired and […]
As you’ll be aware, I’ve been pretty flabbergasted by the way day after day Bill English is getting up in the House and telling out and out lies about Labour’s record on the economy only for Labour to sit there and take it. Well, I’ve been thinking about this a little more and I think I get it now. He can’t talk up his own performance – there’s nothing to skite about and it’s against his political strategy even if there were some successes to point to
David Farrar is not stupid. Like everyone with a brain, he knows that climate change is a real and dangerous threat caused by human greenhouse gases emissions. Yet he persists in making denialist dog-whistles to his readers, always being careful never to outright deny climate change himself. He and all the leaders of denialism are telling what they know to be lies to people they know to be idiots.
Bill English can’t defend his economic record, 2.2% fall in GDP, still rising unemployment, falling wages, GDP per capita still falling and not expected to return to pre-recession levels until 2012, so he’s telling more lies about Labour’s record instead. Meanwhile, the Do Nothing Prime Minister is still daydreaming about his cycleway, which he now says will create “a lot more” than 4,000 jobs.
The recent recession represented a spectacular failure of unfettered capitalism. One of the main causes in America was a picking apart of financial regulations. This allowed the “innovative” products and practices that brought the system down. Perhaps America has learned the lesson. A new Democratic proposal outlines “the biggest overhaul of regulations since the New Deal”.
Felix can hardly contain himself at the prospect of National’s tax changes: Woohoo!! Told you my mate Mr Key would be able to deliver a “north of $50 a week†tax cut. And you all said he wouldn’t. So who’s looking stupid now eh? I mean sure, you need to bring in $180,000 a year to get it but just get off your arse and be a bit more ambitious whydontcha?
The New Zealand economic reforms of the 1980s and 1990s were largely a failure. This can be seen from the large negative divergence […]
The Herald has a little shock piece on child offending: “5-year-old sex offender on crime list“. Of course, what the offence was isn’t […]
The numbers of National’s tax money go round leaked to the SST. I have worked out who wins and who loses. Key claimed that no-one will be worse off and the bulk will be much better off but 10% are worse off and 80% get next to nothing (without even counting the rent hikes). The elite get $100 in net tax cuts for every $1 the typical Kiwi gets.
Under National’s proposed tax cuts and GST increases someone on the average wage of $48,000 comes out about $5 to $10 per week ahead. But 70% of Kiwis have incomes under $40,000. Their tax cuts will barely compensate them for the GST increase. How can National go on claiming that “the vast bulk of New Zealanders will be better offâ€?
As previously posted, there is a Auckland seminar running this afternoon on options for the future direction of the New Zealand economy. Bold Choices for a Better Future is the provocative first seminar in the Resilient Economy Series, entailing a pragmatic 360Ëš view of the economy, its problems and their possible solutions.
Go along and argue in real life about some of the same issues that are argued over here.
There’s a nickname for John Key that’s picking up currency from both Left and Right around the blogosphere: ‘smile and wave’. The one thing Key can be depended on is to turn up grinning in some cheesy photo op. All his promises fall by the wayside. Meanwhile, 276,000 Kiwis are jobless, the wage gap with Australia keeps widening, and so does Key’s credibility gap.
British American Tabacco’s Graeme Amey has the brazen lie down pat. The guy quit smoking himself but wants Kiwis to keep smoking and […]
Looking at the leaders for the Fabians seminar on Sunday, it looks to me like it is going to be quite interesting because it is likely to focus more on incremental rather than radical methods. One of the major issues to me with the existing ‘debate’ on economic matters has been the level at which it is ideologically driven rather than based on the actual economy. The main problem with the ‘debate’ are impatient radicals from all sides.
While other countries have used their strong public sectors to steady the private sector and keep unemployment down during the economic downturn, our government is compounding unemployment by cutting the public sector, throwing people out of jobs and feeding worker insecurity.
The world’s economy has not truly recovered from the recession, it has just been artificially reanimated by vast injections of Government bailout money.
What happens when taxpayers get the bill? The people of Iceland just voted not to pay. This may be the first in a cascading series of failures of “sovereign debt”. If so, the next crash will make the recent recession look like child’s play.
There are 276,000 jobless Kiwis. The seasonally-adjusted trend on dole numbers is still on the rise. Many other people fall through the gaps and are unable to get public assistance in their time of need.
What better time for the Minister for Social Development to bugger off for five weeks?
In NZ, the average FTE wage rose 2.86% after inflation – $891 to $934 – over the past year. In Aussie, it was 3.6% above inflation – $1159 to $1226. When will John Key admit that he sold us a lie? When will the media call on him to resign if no progress is made on the one substantial promise of a ‘brighter future’ at he made?
Happy International Women’s Day. If only there was something to celebrate.
“We are deeply concerned about the current attacks on workers’ rights that will badly impact on women,†said CTU President Helen Kelly…
Can someone at MSD please explain to Paula Bennett a season is? Our lazy minister is once again claiming victory over rising unemployment because of the seasonal drop in unemployment numbers. Worryingly, the decline between January and February was less than the average in recent years.
This looks to be a fascinating set of lectures. I’ll be going – will you?
Economic orthodoxy continues to fail New Zealand. This failure is systemic, not cyclical. Despite this, prevailing political and economic orthodoxy has become almost immune from scrutiny. It seems that policymakers have yet to comprehend that the status quo will inevitably lead to economic collapse.
The poor don’t need tax cuts for the top 12% to to inspire them to want to get out of poverty. Poverty is inspiration enough. But thepoor cannot all become rich. To function capitalism needs poverty. There’s got to be lots of people doing the shitty, dangerous, hard jobs for cheap. And the wealth will always flow to the elite few who own capital or defend their interests.
Fran O’Sullivan is a pro-business liberal or libertarian, David Garrett is a knuckle brain conservative. But actually, they’re not so far apart. It seems both believe in freedom for the rich and control over the poor. Incredibly O’Sullivan goes into bat for Garrett over his sterilisation comments.
Over at Scoop, Gordon Campbell takes Theresa Gattung to task for her revisionist history of Telecom in the Dominion Post this morning.
More than anything, her latest outburst reveals her clanging naivety and complete inability to take personal responsibility for her failures.
National’s latest proposals to strip away workers’ protections against unfair dismissal must surely put to bed any idea that this is a moderate, centrist government.
The proposals are a breach of National’s election promises and go further than even the ECA. They are a charter for employment without dignity.
The recession has forced tens of thousands of people out of work. There are now 276,000 jobless Kiwis. The lucky ones (only a […]
Some contractors and small business owners record private costs as business expenses and claim back the GST. The cheats who claim enough GST back get payments from IRD. Hiking GST puts more of our money in the pockets of these tax cheats.
Kate Wilkinson (Minister of Labour) has opened public submissions on a review on personal grievances, with the release of a discussion paper today. Details are here on the Dept of Labour website and submissions close on 31 March.
Labour’s ‘Axe the Tax’ campaign has hit the road. Phil Goff is travelling around New Zealand explaining why Labour opposes National’s plan to hike GST on everyone to pay for tax cuts that will primarily go to the well-off. National are worried. They’re not promoting their package anymore, they’re lashing out at Goff.
