Can labour win the election by trying to point out what is wrong with John key? That strategy has failed for the past six years. national remains able to rule alone, while labour struggle to get out of early 30s. Time to try a new approach?
No. Time to start telling the truth.
“The average earner will be $15 a week better off, under the biggest shake-up of New Zealand’s tax system in nearly a quarter of a century, today’s budget shows.
Finance Minister Bill English has announced across the board tax cuts which he says will strengthen economic growth and help families get ahead in New Zealand.
From October 1 all personal tax rates will be cut.
The 12.5 per cent rate for income up to $14,000 will drop to 10.5 per cent, the rate on incomes between $14,001 – $48,000 will drop from 21 percent to 17.5 per cent, while those earning $48,001 to $70,000 can expect a cut from 33 per cent to 30 per cent. Those earning more than $70,000 will now pay 33 per cent instead of 38 per cent.
The average family is expected to be $25 per week better off under the changes.”
Yes lets all tell the truth, as from your link this was for the budget of 2010, since then however there have been a raft of tax increases from GST to excise tax on fuel, that $25 per week has been eroded so now we are actually paying more in tax than the tax savings, just another con job in my view.
No Mark,there has been no further rise in GST since then.
As to the other cost increases, we have a current inflation rate of around 1.4%. When National took office it was 5.4%.
Interesting that the wealthiest are getting the biggest tax cut 5% and the poorest 2%. Hands up if you believe letting the richest keep more of their money is good for everyone and the economy? The increasing poverty in this country is not being addressed by the government, perhaps instead of tax cuts they could put money into something like this: http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=11192309
WhacKeynomics – now there’s a meme that will focus the public on this government’s gross economic incompetence. No growth. No jobs. No plan. No fucking idea whatsoever.
“No growth.”
GDP Growth
2008 (4 quarters to Sep 2008) (1.7%) (That’s a negative!)
2013 (4 quarters to Sep 2013) 3.5%
“No jobs.”
“Employment will increase gradually, growing by 1.3% (or 28,400) between 2013 and 2014 year to March, by 2.3% (or 52,300) between 2014 and 2015 year to March and by 2.1% (or 49,500) between 2015 and 2016 year to March. The unemployment rate is expected to trend down slowly, falling to 6.0% by March quarter 2014 down to 5.7% by March quarter 2015 and decline below 5% by March quarter 2016.”
Six years in power and projecting (not achieving mind, only projecting) growth over 3%. Breakeven. In one year out of six. If you discount record borrowing, and the loss of compound growth over five years. If they achieve it that target – and Bill English NEVER achieves his targets.
Maybe National could hire a drunken monkey to plan their economic policy, because frankly that would only improve it.
No Stuart, the growth is actual. Not predicted. Actual. And since 2010. The economy has grown in all but 2 quarters. Is that clearer now?
No IV, the growth is *technical* which is to say it is the product of calculation biases like the exclusion of property inflation from inflation figures and 1 hour workers and Bennett harassment victims from the unemployment figures.
No actual growth happened here. The Christchurch rebuild is not growth.
In an academic sense these figures are not robust or rigorous. They are pitiful, gross, and fatuous lies and you lap them up like the proverbial charlatan’s toadswallower.
Intrinsicvalue your bias is showing.
How many more of our assets have to be sold off for less than their value before all the Die Hard wealthy National business owners start to wake up?
IT’S TIME FOR A CHANGE!
The tax cuts for the wealthy and the GST increase have absolutely smashed middle and lower socio economic groups in NZ.
The selling of State Assets is a diversion and small fry in the bigger economic picture.
Mindless economics going on.
“Historical precedents, such as the case of Japan, teach us that it is a mistake to act cautiously as the economy unravels,”
The epitaph on Bill English’s catastrophic mismanagement of the NZ economy.
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Can labour win the election by trying to point out what is wrong with John key? That strategy has failed for the past six years. national remains able to rule alone, while labour struggle to get out of early 30s. Time to try a new approach?
No. Time to start telling the truth.
“The average earner will be $15 a week better off, under the biggest shake-up of New Zealand’s tax system in nearly a quarter of a century, today’s budget shows.
Finance Minister Bill English has announced across the board tax cuts which he says will strengthen economic growth and help families get ahead in New Zealand.
From October 1 all personal tax rates will be cut.
The 12.5 per cent rate for income up to $14,000 will drop to 10.5 per cent, the rate on incomes between $14,001 – $48,000 will drop from 21 percent to 17.5 per cent, while those earning $48,001 to $70,000 can expect a cut from 33 per cent to 30 per cent. Those earning more than $70,000 will now pay 33 per cent instead of 38 per cent.
The average family is expected to be $25 per week better off under the changes.”
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10646047
Yes lets all tell the truth, as from your link this was for the budget of 2010, since then however there have been a raft of tax increases from GST to excise tax on fuel, that $25 per week has been eroded so now we are actually paying more in tax than the tax savings, just another con job in my view.
No Mark,there has been no further rise in GST since then.
As to the other cost increases, we have a current inflation rate of around 1.4%. When National took office it was 5.4%.
Interesting that the wealthiest are getting the biggest tax cut 5% and the poorest 2%. Hands up if you believe letting the richest keep more of their money is good for everyone and the economy? The increasing poverty in this country is not being addressed by the government, perhaps instead of tax cuts they could put money into something like this:
http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=11192309
WhacKeynomics – now there’s a meme that will focus the public on this government’s gross economic incompetence. No growth. No jobs. No plan. No fucking idea whatsoever.
“No growth.”
GDP Growth
2008 (4 quarters to Sep 2008) (1.7%) (That’s a negative!)
2013 (4 quarters to Sep 2013) 3.5%
“No jobs.”
“Employment will increase gradually, growing by 1.3% (or 28,400) between 2013 and 2014 year to March, by 2.3% (or 52,300) between 2014 and 2015 year to March and by 2.1% (or 49,500) between 2015 and 2016 year to March. The unemployment rate is expected to trend down slowly, falling to 6.0% by March quarter 2014 down to 5.7% by March quarter 2015 and decline below 5% by March quarter 2016.”
http://www.dol.govt.nz/publications/research/short-term-employment-prospects/
Wow!
Six years in power and projecting (not achieving mind, only projecting) growth over 3%. Breakeven. In one year out of six. If you discount record borrowing, and the loss of compound growth over five years. If they achieve it that target – and Bill English NEVER achieves his targets.
Maybe National could hire a drunken monkey to plan their economic policy, because frankly that would only improve it.
No Stuart, the growth is actual. Not predicted. Actual. And since 2010. The economy has grown in all but 2 quarters. Is that clearer now?
No IV, the growth is *technical* which is to say it is the product of calculation biases like the exclusion of property inflation from inflation figures and 1 hour workers and Bennett harassment victims from the unemployment figures.
No actual growth happened here. The Christchurch rebuild is not growth.
In an academic sense these figures are not robust or rigorous. They are pitiful, gross, and fatuous lies and you lap them up like the proverbial charlatan’s toadswallower.
Intrinsicvalue your bias is showing.
How many more of our assets have to be sold off for less than their value before all the Die Hard wealthy National business owners start to wake up?
IT’S TIME FOR A CHANGE!
The tax cuts for the wealthy and the GST increase have absolutely smashed middle and lower socio economic groups in NZ.
The selling of State Assets is a diversion and small fry in the bigger economic picture.
Mindless economics going on.
“Historical precedents, such as the case of Japan, teach us that it is a mistake to act cautiously as the economy unravels,”
The epitaph on Bill English’s catastrophic mismanagement of the NZ economy.
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