Turns out that it isn’t the ‘squeezed middle’ who are hurting, it is of course the crushed bottom who are suffering…
- Fresh mortgagee sale data from CoreLogic showing the ‘squeezed middle’ portrayed by the incoming National-ACT Government to be in dire financial straits is not actually having to sell their homes, with an average of less than 10 forced sales a month this year, compared with 255 a month in late 2009;
- Stats NZ reporting beneficiaries were paying six times more in rent as a share of their disposable income than the interest payments being made by the highest quintile of earners, again showing the ‘squashed bottom’ is much more financially stressed than the ‘squeezed middle’;
…this as we learn 600 000 Kiwis need food banks monthly!
The poor are about to get smashed by an ACT/National/NZ First Government.
No one ever lost votes bashing beneficiaries and when National wasn’t blowing the real estate industry, they were bashing beneficiaries. All the punitive measures about to be launched against our sickest and weakest will be the blueprint adopted to privatise welfare. Outside agencies will be paid a bonus when shifting beneficiaries off the list and that can be done two ways, 1) if you find them a job or 2) – you cut them off for some bullshit infraction on their ridiculous work ready conditions. Expect an enormous suffering to come out of this.
Not content to bash beneficiaries, ACT wanted to target drug addicts and the disabled as well and have promised terrible retribution for their ‘welfare fraud’. White collar criminals who take billions each year however will receive a free pass.
When Winston kills off National’s lifting of the foreign buyers ban, National’s entire economic house of cards collapses requiring mass public service cut backs, which will be funny because even if Winston greens lights it, it can never raise enough revenue to prevent National from slashing public services.
National will mutilate public transport just as oil prices are about to skyrocket due to the looming war in the Middle East.
Bosses to gain back the right to fire and scrap the Fair Pay Agreements which were the most substantial workers rights legislation passed in the last 40 years, while landlords gain the right to evict, social housing builds will stop and Landlords will gain enormous powers as rental regulations are all rolled back.
The squeezed middle was where the election was fought, the crushed bottom are the ones who will pay that price.
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The voters voting against Labour came from all sectors of society so obviously they did not do enough to gain the trust that another term would see them better off. Labour made a crap job of running the country so let’s see how National do.
The drubbing Labour got may make them look at themselves see they are a poor copy of National and if they want to regain power they need to change. If they do not TPM and Greens are gaining in power and will be even stronger next time round.
“The voters voting against Labour came from all sectors of society …”
Yes, indeed, they’re called swing voters, the most powerful block of voters around, red one election but blue the next, or any other colour that pushes back against what they believe, frequently perceive to be a poor job. Running the country? What on earth does this really mean? And what does it look like in practice?
Millions in donations to National and Act from the real estate industry lobbyists. Now they want their pound of flesh and as usual it’s the middle and lower income earners that suffer. You would have thought those sectors of society would have learnt in the last shit show 9 years they kept wages low and created the massive divide. National were crap as evidenced by the rats like Joce, Key and English scuttling off into their well paid jobs. But no, they listened to the right wing media of N.Z. Where Labour turned around a market monopoly for investors to see the return of first home investors, National will return the property market to the uber wealthy and real estate lobbyists.
As during the last 9 years of Nationals running the country a familiar quote comes to mind…”renters in our own country”.
We will give them one years as that is how long they are giving/or have given Whatu ora
The experts tell us that 20,000 people are still alive thanks to Labour government choices so they were not all bad. The NZ credit rating, international recognition that we are an easy place to start a business & other indicators point to a well-run economy also. Your problem was that Labour wanted wealthy people to use productive investments that benefited the country but your lack of imagination meant that a property/immigration Ponzi scheme was all you could understand.
Unlike the last time they did this, there is no warehouse, or other cheap consumer goods seller to help people survive.
Also people were earning a better income and did not have to deal with inflation. Plus, the bottom is desperate, desperate enough to be stupid.
They dumb assess who keep going labour were bad, change the record. Everyone knows the were a fearful bunch of dicks who did not grow a pair and end Neo-liberalism. The reality is your lot are going to double down on this FUBAR economic theory in the most puritanical manor, and screw over a lot of people a lot worse.
Voters whiodidn’t vote for Labour are under the illusion that they should never make sacrifices to assist the other citizens of the country, it is all Daddyand Mummy looking after the good child ir the cunning one. The people who are at fault mostly, are we who have coasted along for years waiting for somebody to do something right and useful.
This is a story about four people named Everybody, Somebody, Anybody and Nobody. There was an important job to be done and Everybody was sure that Somebody would do it. Anybody could have done it, but Nobody did it.
Somebody got angry about that, because it was Everybody’s job.
Everybody thought Anybody could do it, but Nobody realized that Everybody wouldn’t do it. It ended up that Everybody blamed Somebody
when Nobody did what Anybody could have.
https://budbilanich.com/the-story-of-everybody-somebody-anybody-and-nobody/
Like it. Try saying it faster and faster like a tongue-twister or try this one instead of thinking about politics and having a decent running country that aims for good standards in everything it does, not perfect, but good – that’s a twister in itself. But this is very trying :
A tutor who tooted the flute tried to tutor two tooters to toot. Said the two to the tutor, is it harder to toot or to tutor two tooters to toot?
Or – Give papa a cup of proper coffee in a copper coffee cup.
She sells seashells by the seashore.
Peter Piper picked a peck of pickled peppers. …
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