My wife and I are retired. We worked hard, we lived frugally, and we have a nest egg to get us through. Now John's mob have come along and taken part of that nest egg away from us. Staying clear of the finance companies, the…
It's interesting to see how Irish's 'rabbit from a hat' metaphor has taken off for describing this Budget. Some, like Tracey Watkins, are even using it positively. She needs to have a bit more of a think about what the rabbit from a hat is.…
Amongst all the budget reaction, there is a group of people that I don't understand. They are the small group who are very well off, and who are nevertheless exulting about tax cuts that give them a few tens of dollars a week. Is your…
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In 2008, Bill English was sprung secretly telling National members that he and Key would sell Kiwibank "'eventually but not now". After being caught out, English and Key categorically ruled out asset sales in the first term of a National government and said they would…
In what it seems to think is an act of benevolence and economic genius, National has decided to borrow a pile of money, cut key public services, put up GST, and give me an extra $1000 a year. I'd rather the money was going to…
John Key's "Don't Be Jealous" Budget has done little to stop the European contagion from ravaging our sharemarket - at time of writing down 2.4% and still falling. The NZX company itself has dropped more than 5%, leading other significant losses by Fletcher Building, Sky City,…
There's some useful scenarios to look at on the beehive's tax site. They show how we all pay less tax, even after GST, and somehow the government also gets more tax. I love maths like that. But some of them seem to have something missing,…
Doing the shopping with two children in tow is usually a challenge in itself but if I add increasing inflation I can see bumpy times ahead. What is of more concern is what is going to happen to good early childhood education. I've been talking…
What does Treasury make of National's economic plan according to the Budget papers? Here's the outlook for when National is kicked out of office at the end of 2011: Unemployment will still stand at 145,000, 5.5%. That's compared to 98,000, 4%, when they took power.…
I think the saddest part of this budget is that the government will spend $70 million building more prisons while cutting $120 million from early childhood education. It kind of sums up this Key Government's priorities, don't you think? This is actually the real story…
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"It is easy, in the first blush of excitement about a Budget, to miss a tiny bit of fine print that really matters. The government says that most people would be better off after taking into account the GST rise and the income tax cuts.…
When I wondered what the rabbit was the last thing I thought it would be was the rip shit and bust budget we saw today. Let's be clear on one thing. Borrowing a billion dollars while simultaneously cutting services to pay for tax cuts is…
Paul Reynolds is the CEO of Telecom. He has sacked 1200 Kiwi workers during his tenure. They're you're neighbours, the members of your community. His company has been disasteriously run as we fall further and further behind in internet and cellphone technology. This is just…
Finance Minister Bill English today announced tax cuts worth $340,000* for National MPs on their Parliamentary salaries alone. "I'm very pleased we could announce this gift, ah, fair alteration of the tax system. There was a real danger that New Zealand could have lost the…
The latest Roy Morgan poll makes for grim reading for the government ahead of what promsies to be an unpopular budget. Confidence in government is now bouncing between net 25% and 30% positive. That compares to 55% last October. Put that another way: 1 in 8…
Hone Harawira does not want to vote for the 'don't be jealous' budget and he doesn't think the Maori Party will be standing true to its principles or supporters if it does: "I'm having difficulty supporting a tax increase that made things easier for the…
On Tuesday, John Key told us that we don't matter. In fact, he said that we have to be taxed more to give money to the rich because they are so important and we are not. To top it off, he told us not to…
Before we all get completely caught up in the budget kerfuffle, spare a thought for those with bigger problems on their hands, like the people of Thailand. The country is being torn by an ongoing and complex internal struggle: These conflicts date back several years,…
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Tax cuts for the rich must have seemed like such a good idea a month or two ago. I mean the public had already sucked up the ACC hikes, forgiven the tax-cuts that never came (except for the rich) and shrugged off the cuts to…
We already know that National's big economic plan this budget is a tax swap from working Kiwis to the rich that will not affect growth but will increase inequality. There's some money for science and Kiwirail, which is good but only partially reverses the cuts…
It is befitting that the 27st of May just one week after the Budget - marks Thank The Rich Day, which sees poor people the length of the country gearing up to offer their gratitude to the rich for their contribution to the welfare of…
Brian Gaynor in Saturday's Herald argues that investment industry organisations and their advisors owe a duty of care to investors. He calls it an "ethical overlay", and says Unfortunately a number of developments indicate that we seem to be a million miles away from having…
Inequality Inequality is immensely damaging to society. Over a huge range of important social indicators, the more unequal a society is, the sicker it is. The case is best made by a book called "The Spirit Level", and by the organisation behind it, The Equality…
Some how it just seems right for John Key's "Don't Be Jealous" Budget. Or if you want something a bit more high brow but still with the big hair, there's Brian Edwards on $50 Million PM Counsels Poor Not To Envy Rich. Me... I say Eat…
Since inequalities of privilege are greater than could possibly be defended rationally, the intelligence of privileged groups is usually applied to the task of inventing specious proofs for the theory that universal values spring from, and that general interests are served by, the special privileges…
According to Campbell Live the EPMU has closed the wage gap with an oil and gas deal that sees Kiwis working on rigs getting paid at Australian rates (although as I understand it the Maritime Union of New Zealand also played an important part in…
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