GUEST BLOG: Bryan Bruce – Finance Minister Willis won’t borrow for tax cuts – yeah right!

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Finance Minister Willis says she will not borrow money to pay for tax cuts.

But she WILL borrow money to pay for other things.

Yeah… right.

If you didn’t have tax cuts you could pay for a lot of those things.

And if you didn’t pander to the already wealthy, Minister, for example by making it easier to milk capital gains from housing sales, you could pay for a lot of the services you are cutting.

 

Bryan Bruce is one of New Zealand’s most important and respected documentary makers. 

19 COMMENTS

  1. Succinct and bullseye accurate.

    Willis IS out of her depth and boxed…

    She was warned on multiple occasions by people who know alot more about economics than she
    does and didn’t know how to interpret a PREFU…

    Just watch the bullshit and justifications flow …

  2. Newspeak? Has 1984 finally arrived? Is this really any worse than any other politician shading the truth? Apart from the results anyway.

    • Pleading mitigation by exposing ones utter lack of capacity to understand that not everyone thinks like the poor excuse for a “Finance Minister”… This, of course, simply exposes the truncated, and self deceiving “logic” of the mediocrity that passes for tory intelligence…
      The creature called “Willis” is possibly the most unfit person to ever have the job in NZ… Considering NZ’s proud record of continually regressing backwards in 9 year waves, l must now accept that a chimpanzee with over 300 words in their vocabulary can now be a senior minister of the “Crown”…

  3. I learned a new word last night while watching a fantastic and all too prescient series titled ‘Fallout’
    https://en.wikipedia.org/wiki/Fallout_(American_TV_series)
    If you like your violence extreme and your interiors classic mid-century than this might just be for you.
    The word I learned is ‘fiduciary’ . Here’s how it’s pronounced.
    https://www.google.com/search?q=fiduciary+pronunciation&client=firefox-b-d&sca_esv=8337e99f4c135596&sxsrf=ACQVn0-UPU7rZbDSjQ4HnKEqqYphuAeukg%3A1713128525301&ei=TUQcZoSFEuik2roPmL-52A4&oq=fiduciary+pro&gs_lp=Egxnd3Mtd2l6LXNlcnAiDWZpZHVjaWFyeSBwcm8qAggAMgUQABiABDIFEAAYgAQyBRAAGIAEMgUQABiABDIFEAAYgAQyBRAAGIAEMgUQABiABDIFEAAYgAQyBRAAGIAEMgUQABiABEiCPFCpBFioJ3ABeAGQAQGYAe0DoAGdEqoBCTAuNS40LjAuMbgBAcgBAPgBAZgCCqACoQ_CAgoQABhHGNYEGLADwgINEAAYgAQYigUYQxiwA8ICFRAAGIAEGIoFGEMYsQMYgwEYRhj5AcICChAAGIAEGIoFGEPCAi8QABiABBiKBRhDGLEDGIMBGEYY-QEYlwUYjAUY3QQYRhj5ARj0Axj1Axj2A9gBAZgDAIgGAZAGCroGBggBEAEYE5IHBTEuMS44oAeHaA&sclient=gws-wiz-serp
    That outa do it.
    ‘Fiduciary’ added to the word ‘responsibilities’ and you have a term steeped in queasy legal double-speak meaning that we’re fucked in an enduring fashion until we take action and the more direct and forthright the better and is frankly now essential. It’s two words to describe the last 40 years of roger douglas’s brain fart neo-liberalism and of how such a vile thing it is and of why it’s so difficult to flyspray into oblivion.
    Since we chose to sleep in rather than sit up and take notice of how a liar and a traitor like douglas took our stuff and things that defined us as ‘first-world’ then sold them at below market value to the now 14 multi-billionaires, the 3118 multi-millionaires each with a $50 million minimum NET! And we must now eagerly bend forward to invite four foreign owned banksters a rear entrance to our wondrous internals.
    In short, and I’m not that short, but we’ve been beyond conned by a cadre of highly educated Kiwi mafia who switched from stealing farmer earned foreign currency to selling those same assets that, that money funded.
    Once the rogernomes got their clammy little pink fingers around our once-were state funded thus state owned assets and resources which were soon ‘privatises’ the concept of fiduciary responsibilities kicked in so at that point, we were fucked. To get our assets back so’s they work best for us in all respects we must now break the law. And that, dear reader, is why Labour’s fucked. It’s bound by the law but what’s more, it can’t admit that it is. Look it up.
    In my humble opinion, and I’m not that humble, is that we could launch an investigation into the sales of our assets and if we could find a legal short coming perhaps we could ask the Crown to deem our assets sales and the consequential private profits earned from them and now going into private concerns as being illegal therefore null and fucking void and well outside the reach of fiduciary responsibilities, if any…
    Or I could be wrong thus raspberries and such like.

  4. But . . . but . . . I thought she was being mentored by English, whom we’ve all been led to believe (by right wing media) is some sort of economic genius (in the same league as Joyce).
    Perhaps it’s not entirely her fault but an ideology that pervades the entire CoC?

  5. So, the Mafia faction of the logical fallacy that’s our politic and our economy stole, by using logical fallacies then safe guarding their arses by writing up/agreeing to, amour plated albeit mythical fiduciary responsibilities to protect themselves from being inquired up and of and of certainly not having to return our stuff and things back to we, the people, who paid for them in the first place because ‘laws’ dumbasses. Quite the scam aye scum bags? Give em bread and circuses aye. You get the super yachts, we get the homeless on our streets.
    600,000 people on the poverty line. 200,000 kids go hungry. 14 multi-billionaires, 3118 multi-millionaires each with a minimum after tax fortune of $50 million and four now foreign owned banks stealing your money at a rate of $180.00 NET a second 24/7/365 while we’re trained by a corrupt and manipulative MSM to believe that property values increasing is somehow a good thing. Four now foreign owned banks making some of the highest profits in the world? You’d agree with that right?
    The Press
    NZ banks ‘some of the most profitable in the world’
    https://www.thepress.co.nz/business/350094635/nz-banks-some-most-profitable-world
    Lotto AKA Bread and Circuses.
    “The New Zealand Lotteries Commission was established in June 1987 and the existing Golden Kiwi lottery came under its authority. Since 2013 the commission has been trading as Lotto New Zealand. The first Lotto draw, with a top prize of $359,808, was held on 1 August 1987.”
    1987…? What happened back then? Oh, I know. roger Rat privatised everything bought by our tax money.
    He advocated trickling down then he stabbed Lange in the back to seal the deal. Then our money and our pride simply trickled away.
    All of this. All of it. Everything. Poverty, exploding costs, misery, hopelessness, anger, rage, fear, gross discomfort… All of it is entirely absolutely, undeniably unnecessary including the 14 multi-billionaires, 3118 multi-millionaires each with a minimum after tax fortune of $50 million and four now foreign owned banks stealing your money at a rate of $180.00 NET a second 24/7/365
    All of this, all of it is a false reality. You’ve been drawn into the scam of all scams.

  6. NZrail closing rail lines, and operating ferries past their use by date.
    Police and Nurses needing of better pay.
    Some GP clinics closing down from lack of funding
    ACC cutting back funding to those with longterm injuries, even with half their body amputated.
    Galleries and museums in financial strife.
    Roads beyond their use by date, needing resurfacing.

    Why doesn’t Nicola delay her tax cuts for one year, which would give an extra $16 billion to fix up all this stuff, instead of spending the next year giving excuses why the govt is in a tight fiscal position, and can’t do anything.
    She won’t be able to fix everything, but she could do a lot. These Liz Truss like tax cuts will keep current interest rates higher, doing more damage to the economy. If the tax cuts came in closer to the 2026 election, it would give the govt a timely political boost, and if NZfirst don’t make it back in 2026, then the foreign buyers tax could finally be implemented, funding the tax cuts without so much borrowing.

    There is no pandemic anymore, so there is no need to be going further into debt. No need for the govt to treat the country like a bottomless creditcard, doing what their donors want, instead of what the country needs. Anyone genius who wants to feel a little richer, can go out and spend big on their creditcard, its not hard to do.

    G-angpatch Goldsmith
    U-pherself Upston
    N-icola Willicide

    N-icole Brengun
    U-nentitled Luxon
    T-obacco Bish
    S-imeon Pothole

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