Come on, when even Hooton can see the Tax Cuts are insane, you know we are all in an enormous amount of danger…
The IMF warns that Luxon’s planned $18 billion tax cut programme (including landlord tax breaks), scheduled to hit the economy in less than 15 weeks, is targeted at those most likely to spend the lot, which means it would be maximally inflationary.
That would delay cuts to interest rates or force the Reserve Bank to increase them again.
Luxon tries to argue that he isn’t actually proposing tax cuts. Actually, he says, they are tax relief, threshold adjustments or fixing anomalies. But he could call them bojangles if he wanted and the macro economy still wouldn’t know the difference. They would fuel inflation just the same.
The IMF says that, if more inflation is to be avoided, “it is important to calibrate the funding, timing, and the parameters of tax relief to be fiscally neutral”.
It could have gone further. If Nicola Willis really has found $18b in spending cuts, new taxes and higher government charges, then using it all to pay back debt would see inflation and interest rates fall immediately.
But no one, including NZ First, believes she has. NZ First strategists say they have pulled back the fiscal curtains since the election but haven’t found too much that surprised them. Their discoveries shouldn’t have surprised National either, since it warned before the election that things were much worse than reported.
…the economy will do badly because National are giving rich landlords a $2.9b tax break, giving the rich $15billion in tax cuts and paying $100million out in redundancies to sacked public servants.
That’s $18.1billion this hard right racist climate denying beneficiary bashing Government are handing over to the richest amongst us!
Imagine what we could do to the physical and social infrastructure of NZ with $18.1billion.
This is a class war minus the vocabulary to articulate it because the woke middle classes have burnt all the news oxygen with their identity nonsense!
I think after the 100 days we’ve all just witness, there is an agreement now that this Government represents an extreme lurch to the right akin to Ruth Richardson and Roger Douglas combined.
We have allowed the unhinged parts of NZ First’s Conspiracy Swamp Kingdom to combine with the anti-Māori small Government fanatics inside ACT with the born-to-rule-Prickdom of National and their corporate donors to vandalise NZ Egalitarianism and mutilate the common good.
The fast track powers they’ve given Dr Pork (Shane Jones) to allow Trans National Mining interests to mine conservation land are beyond anything NZ has ever done before.
It is a licence to pollute the environment at a time when climate change is destroying the environment.
The Political Right have sold us out to their donor mates for a rampaging environmental and societal mutilation
Come on, when even Hooton can see Tax Cuts are insane.
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Labour squandered more money on projects that never got stated let alone completed.
They spent money on the light rail project which included land that can be sold. How do you go about planning a project of that magnitude without spending money Bob? How much money did National waste by canning three waters Bob? They don’t have a viable alternative, and we will very likely end up close to some version of three waters but they ditched it. In fact how much did they spend on three waters given Anne Tolley kicked the whole thing off.
Oh swishy BISHY, my wrecking ball swinging darling dangler stallion of a companion, could that be a pistol in your pocket, ready to give me some fiscal stimulus.
Oh babyfaced SIMEON, my man about town fawning little clown, it’s watever you want it to be sweety.
Now brace yourself for some vigorous auditing, my fiduciary friend.
…. that never got stated??????
Started.
Bob is illiterate.
Clearly not because he can write. I suggest you look the word up.
Bob’s been watching to much YouTube.
too?
Idiot Annius
I’ve never watched You Tube,am I missing something?
and this government squandered millions on dumping the ferries and light rail.They will be lucky to deliver a foot path in the 3 years
and trussecomics were such a resounding success bob the last….but of course nz will go with a failed policy because are pollies are dimwits who canj only stick on neolib rail tracks
unless you have credible examples to back up your statement, we have no choice but to assume your words are the result of a truncated intellect shrouded in ignorance and small minded bigotry..
they come across as just another fluffy headed tory blowing bubbles out of the wrong “mouth” for the sake of trying to sound clever..
I wouldn’t want to be standing too close behind you if you ever had to give a speech..
stefan was that directed at me or the nat cabinet?
Ba Ha! That’s a brilliant and creative image. My penis however jumped off and ran for it.
On a lighter note:
“…the economy will do badly because National are giving rich landlords a $2.9b tax break, ”
The Natzo’s will do anything to divert attention away from a far, far greater threat.
A larger and scarier reason why the economy will do badly, at least initially, is because our farmers, you know the ones right? They earn our money and supply us with food. Yes, those ones, are broke arse fucked and there’s a reason for that. They were deliberately sabotaged by a manner of means to under perform to be crushed under foot thus tanking our economy thus making us vulnerable to suggestion and seduction from greater forces from over the seas.
While the pathetic pantomime that is [our] politic plays for trinkets and cake while we might think they’re mighty and in control but really, I mean really, we’re just an annoyance on what will soon be the last country standing while everything above and below the 35th latitudes will fry as the oceans become toxic and unable to sustain most life on earth.
I was in and around Central Otago over the weekend, specifically around Alexandra and fuck me but where’s the Clutha River? And Butchers Dam and Fraser Dam? I’ve never seen such low water levels even considering the time of year. The Manuherikia River was a trickle!
The Clutha River is the largest river by volume in AO/NZ and it’s alarmingly low because run-off to it is dwindling. NOT ! For example because dairying etc is sucking it dry. If there’s no water going into the rivers you can’t suck it out.
National, Labour, ACT, NZ First etc are the same thing since 1984. THAT. MUST. CHANGE!
We people, we lot, we must urgently come to understand that it is WE who are the politic. The inbred shambles that’s swinging about are merely management and fuck! Are the shit at it, but why?
AO/NZ = 29 K Sq Km larger in land area than the UK but with only 5.2 million people and we’re 1800 km from Australian landfall and that’s across some of the most difficult sailing in the world and we have a troupe of un-caged monkeys swinging about with their tits out while we drool while rocking in a corner while whining about the losses we’re suffering that our inaction has enabled.
We need a Royal Commission of Inquiry into the last 88 years of our politics and up the relationships between our politicians and our criminal multi-billionaire and multi-millionaire gangster clans.
When Willis believes she has greater intelligence than the IMF, then our country is doomed.
God she is awful.
That’s right. Standard and Poors too, even before the election.
Everyone in this govt. thinks they are too smart to take advice from those better informed.
What are all those agencies advising???? and what does she do???? the opposite, naturally. She knows best!
This is exactly WHY Labour struggles to make headway because there’s always so much damage to repair.
anyone who is still thinking Labour achieved nothing, remember the huge unexpected, expensive events they had to deal with as well as making up for all the lost time and opportunities a National govt. always causes.
As country boy says there needs to be an inquiry as to why National has long since got into bed with foreign disruptors and billionaires who have been undermining us forever.
We always get done with the acquiescence of our neo-lib govts. and we’re left scrambling in the dirt and cleaning up the mess.
Luxon looks like a fair-weather friend. How much use will he be in another real emergency esp. when Nicola refuses to take advice? There’d be no money in the kitty and not much able to be borrowed because she wouldn’t listen. Everything cut to the bone. Even their friends might wonder who’s going to bail them out. Tax cuts in the form of new car or tractor sitting in the river. Insurance companies getting picky.
All those lovely blue voters, disillusioned.
I don’t think she’s quite as bad as Robertson but she could be.
What makes Robertson “bad?”
Lack of qualifications, the extravagant spending and no results. We always get a recession after a Labour government so no surprises.
Yes but we get inequalities after National
Yes, but we get inequalities after National and speaking of lack of qualifications look at our dopey PM.
the ‘party of business’ can’t run a corner sweet shop but still try to run the country that way ennius
tory govts always fuck up the economy then neolib-lite has to try to fix it within their own ideological straight jacket
He is clearly not bad.
I suggest you look the word up.
neither is he bald squeaky
The full moon will never look the same again. Simeon Pothole was always skinny, but Crayfish Bish looks surprisingly svelte, having been given the same hospital pass that Twyford got. Winston has had his chumbawumba moment, but it looks like Luxon will out do him with a Theresa May moment, proposing tax adjustment at a time when the reserve bank is trying everything to cautiously push the brakes on the economy to get inflation tracking down, but Luxons inflexible tunnel vision is telling him to jump on the accelerator like a hapless boy racer, and to hell with what the IMF says. He’s not learning from experience at all, after recently trying to cling to the accommodation supplement for staying in his mortgage free Wgtn apartment, and to hell with his political advisors saying the optics would be terrible. Luxons not worried because he is mortgage free, but to the ordinary folk who are Luxons bottomfeeders, that won’t be getting property investor deductibility, and who have a huge mortgage, the wrecking ball analogy is appropriate.
You mean a Liz Truss moment not Theresa May.
The Tao that can be told is not the eternal Tao;
The name that can be named is not the eternal name;
The class that can be articulated is not the eternal class.
All hail the isness of the wasness.
Labour broke the economy. National may be making a terrible situation only slightly worse. They shouldn’t.
Under Labour, workers had gotten much needed payrises that had been withheld from them for more than 30 years.
yes our minimum wage is $2 more than AUS
You say this again and again. Unions have done a job of making sure their members were looked after every time the collective was up for negotiation. So who are you actually talking about ?
The economy was broken when Key took Labours 10 billion deficit and turned it into a 100 billion deficit. Do your research before making slanderous statements snowman.
What does “broke the economy mean”? If it’s the government books then tax cuts will make it worse.
The only thing broken is your memory, the Key government increased government debt, sold public assets and left the other public assets worn out. Labour dealt with COVID in a responsible manner, built a substantial number of state houses, they could have made a big improvement in the ability to build housing except that National did their typical backwards action and reneged on an agreement they had made.
We are always left worse off after National governments so no surprise.
Hooten wants to massively shrink the state down to where it was before WW1 to pay for the taxes.
Not sure that recreating the conditions that produced the great depression is st all desirable.
wh0o will collect the taxes…ird workers will be safe from cuts
And Hooten is in power?
Why should we answer your feeble questions?
if you don’t the suspicion is that you have no answer sam
That would be 2 missionaries and a stray dog?
Will improve Yeti.
Not for the police force or starving children, going backwards.
Just wait until Willis clambers aboard the wrecking ball in bloomers and corset once she’s fabricated enough fat to feed the crony cats – that’s when the real ugly stuff starts, and once she starts she won’t be able to control herself.
She’ll take sausage into hole ramming on the populace to a whole new unlevel playing field.
Conservatives are complaining that Labour left them in debt and so on and so on – the usual. But the books were opened for them long before the election, and they still went ahead with this stupid tax cuts. Which they are now saying are for middle to lower income people. I somehow doubt that. Or rather I distrust their definition of middle.
“An evil man will burn his own nation to the ground to rule over the ashes.” ~ Sun Tzu
At least he didn’t get re elected.
The woke middle class gave us the current government. Why are they surprised at the creation.
The woke middle class also gave us the current Greens. Hopefully the current Greens will all move on including Swarbrick leaving space open to people who aren’t distracted by identity ideology.
Ennius, you are too funny but I enjoy your woke comments.
Because the woke middle class weren’t the ones paying for this lot of arseholes. That might sound terse but that’s the most appropriate description.
Now we have a’holes Luxon and Seymour trying to convince us that dolphins might be killed driving to work. I mean wtf are these morons on about. They are now trying to find mileage out of the somewhat stupid decision to race in a marine reserve at the wrong time of the year. Is there nowhere else to host a boat race?
Waikato-Tainui’s 2014 report says the Raupatu Land Trust had a net profit of $70.9-million, distributed $6.1-million, claimed a net worth of $783.7-million, and paid income tax of $342,000. – 0.4% tax
Te Runanga o Ngai Tahu’s 2013 report listed a net operating surplus (profit) of $50.86 million, distributed $17.3 million, claimed a net worth of $877.26 million, and paid just $160,000 in tax. – 0.3% tax.
‘Māori’ own a significant proportion of assets in the primary sectors: 50% of the fishing quota, 40% of forestry, 30% in lamb production, 30% in sheep and beef production, 10% in dairy production and 10% in kiwifruit production.
Given the tax advantages they have the Iwi part of the economy will continue to become an ever larger part of the economy, which will force the tax burden onto that more highly taxed part.
Bet you lefties won’t do anything about these tax rates, eh?
What tax advantages are they? Are they as good as the god bothering rates? Like zero? Have a moan about that one.
Early, time to wake up.
Cretinous Seymour was on TV declaring school meals were a tax burden, unfunded or words to that effect. It was clear he wants them gone. The news showed children happy to get lunch, probably also missing breakfast. No doubt Seymour will be happy to save the dollars, anti-Saint Ayn Rand and a constellation of Atlas devil’s smile up on him from Hell. I can only see him in these terms, there’s no other explanation for such malice to poor children.
So IMF flag gos up who will be the first rats to leave the sinking ship? Who will betray who?
You make a good case.