A mirage Budget in a desert of debt – can 2 BigMac combos each week gloss over all the misery?
For all the shit National gave Labour for borrowing, National are borrowing MORE and they are borrowing for TAX CUTS!!
Forecasts released with the Budget show weak productivity, economic growth even slower than prior to the election leaving the economy $10b worse of by 2028, far higher borrowing, peaking at $207 billion in 2027, well higher than the peak of $194b forecast last December!
Where’s all the screaming about that debt that National, NZ First and ACT all screamed at Labour?
At least Labour borrowed to save us from Covid, National are borrowing for fucking tax cuts you stupid sleepy Hobbits!
Social housing only gets $140m for running costs of 500 homes a year, to be built by NGOs – how will that solve New Zealand’s housing concerns?
What is in this budget tor the 600 000 kiwis reliant on food banks each month?
Unemployment is set to increase to 5.2 percent, adding 27,000 people to the Jobseeker benefit in 2025 which seems incredibly optimistic when you consider John Key saw 6% unemployment despite pouring money into job schemes, this Government has no job schemes WHILE it cuts on public spending. I fear we will see 6.5% unemployment.
This budget will ultimately see more children pushed into poverty – beyond the economic and the political, how acceptable is that from a moral and ethical point of view?
It isn’t. Your policy shouldn’t push 13000 kids into poverty FFS!
On the three official child poverty measures: for the first, there’s no forecast of future numbers; on the second, the numbers will stay the same; on the third, they will rise!
In recessionary times, we should be seeing investment at scale from the Govt and counter-cyclical spending to get the economy moving again but this budget boasts about lowering support and spending is on a downward track!
Who is this budget actually for because we are all losers here!
There is zero vision to what NZ faces and no external awareness of how climate change will radically impact us!
We are all losers in this budget!
There is not 1 extra cent for Māori in this budget, in fact 90million less! We are robbing Hone to pay Peter and Paul and John!
In-work tax credit rise, independent earner tax credit boost and tax cuts – explicitly excludes the poorest NZers: beneficiaries. How will this budget stop that inequality?
A disabled person will be up to $256 per fortnight or $5,742 a year worse off because of the Government’s changes to disability support, public transport subsidies, benefit indexation, the minimum wage and promised prescription charges. This budget a tragedy for the disabled!
What is in this budget for the 623,541 beneficiaries and former beneficiaries who owe MSD $2.6billion in debt vs the richest landlords who just gained a #2.9billion tax loop hole?
This is a Budget for the Landlords, by the Landlords, in the interests of the Landlords!
This is a budget whose tax cuts give twice as much to the PM than to minimum wage workers, it has $2.9bn in tax cuts for landlords, and excludes many poor families from many initiatives!
This political question is, are these tax cuts enough to gloss over the fact this Government wants to gut the Treaty, make savage cuts to public services, eliminate local council Māori representation, ram through controversial Fast Track powers, stymie building public housing, invest $1.9b into mega prisons, kill off 1/2 price public transport fees, remove universal $5 prescription fees, remove Treaty clauses and make it harder to access support at WINZ?
Will 2 Big Mac combos a week on average be enough to eclipse all those other issues?
I don’t think Kiwis are as easily bribed as this Government seems to believe they are.
Borrowing for tax cuts is the lowest of the low.
How can anyone who calls themselves financially literate, think that’s a good idea.
There may be some ‘cracker, settler boomers’ rubbing their hands today but I reckon most landlords are younger than that and more vicious.
At least boomers have seen it all before and some are warning people of what lies ahead with these bought and paid for Nact/winnie politicians.
How can Willis smile her smug self-satisfied smirk and tell cancer sufferers that they’ve been left high and dry? How many will last till next budget?
Are CEOs still giving themselves huge bonuses etc. despite a contracting economy More than likely.
If inhuman Seymour wasn’t twisting their arms up the govt’s back about charter schools, cancer drugs would have been affordable.
Joy Spot on re cancer drugs. That’s a shocker. Many, or all of us getting an extra $2.00 or so weekly would much sooner that money went to fund cancer drugs. A country where kids’ mums and dads have to crowd-fund for medical treatment is sprinting into barbarism.
Even more insidious is the lack of funding for science or research, designed to drive even more of our best and brightest brains off-shore and leaving Kiwis with medical issues for example, dependant on the findings of American pharmaceutical companies, that rich elite driving gender- bender drugs for children which we already prescribe at 10 times the rate the UK does. Pfizer apologised for its misleading covid “ research”, and that’s just one.
Yeah I’m not particularly happy to be getting about $5k less a year than under TPM’s tax plan.
But then, that far more reasonable plan would have soaked fatcats like Rakon’s CEO Sinan Altug, who is generously compensated for supplying weapon parts for ‘israel’ to target refugee camps.
The TPM tax plan is just wishful thinking, even if they were in Government with Labour, it would still be stuck in a drawer somewhere, gathering dust. Labour don’t care either, but you are welcome to donate your tax cut to them if you wish.
They didnt need to chop the free prescriptions.
Of course they did. Punishing people they despise is a great part of why they do stuff.
They cut prescriptions but left the top tax bracket alone. More evidence the rich get richer and the poor get poorer, an absolutely disgraceful government.
If anyone was going to change the top tax rates, Labour would have done it, they had a significant majority & political capital to burn. What did they do?
QWell that’s all history now, like Labour. If you thought National & ACT would adjust the top tax rate in any direction but down, you must be an idiot.
But this is about the National governments budget?
I’m happy for you idiots to support your party for the wealthy, that’s what right wing parties do. And much like your post, you have no interest in anyone but yourself. It doesn’t change the fact this is a disgraceful government with many right wing commentators saying this budget and Willis will take us into serious debt.
Yes Squeaky, it’s a National budget so I’m surprised that people are complaining that the poor didn’t get any cake. Of course they didn’t, it’s a National budget and the poor don’t vote for National, so they only get stale crusts, the cake goes to their supporters, with the biggest pieces going to the major donors. Surely you know that, so don’t cry when there’s no cake for you. It’s a National budget for National people. You need to ask Labour where your slice of cake went.
I should probably also point out that I do not support National and will never vote for them. I am also unlikely to ever vote for Labour again and that’s Ardern’s legacy in action. Of course I never considered I would vote for ACT, but again that’s Ardern’s legacy in action. We’ve been burned too many times to just suck it up again, and if that means you suffer under a Government like this, remember you’ve earned it.
You have hit the nail well and truely on the head with that comment mate.
Nah, that’s liberal democracy in action. In a society engineered to be stupid, the most propagandized people in society prefer government policies that punish people they have been propagandized against- even if those same policies don’t benefit them, themselves, or even hurt them- over ones that deliver material gains for them (but may help people they’ve been incited against).
All is not lost. Trump has been found guilty on all 34 counts.
Some foreigner is guilty and that helps us how?
He will still be the next president, thankfully.
Disagree with you Martin.
NZers are dumb and gullible and will think the tax cut is absolutely fabulous.
They won’t even realise they are worse off by paying more for transport, passports, RUC, tertiary fees (up 6%) etc etc.
Government wants a high skill work force but cut the incentives to train or get more education. They have allowed enough for infrastructure to build another transmission Gully and a few Dr Pork stop banks for fucks sake.
Why aren’t the media hammering them for borrowing more and reneging on funding cancer drugs. Prescription charges were supposed to pay for that but while they will start collecting that money they haven’t even allocated any funding for those drugs.
Fucking useless liars
But with English advising on housing, and Paula doing the meds, what could possibly go wrong ?
Fire more bureaucrats we”ll be fine.
The fish rots from the head down, Luxon, Willis etc…imagine the savings!
The WHO wants to have the ability to snap their fingers and bring the world to heal with their covid threat treaty. Does NZ really want to borrow a hundred billion every time these loony cult members insist the sky is falling?
Who is loony that you refer to?
You do realise that these aren’t really tax cuts, as they in no way change the tax rates. What they do change is the threshold at which the different rates of taxation are applied. These thresholds haven’t changed in 14 years, meaning that as your wages/benefits increase usually at the rate of inflation or less, you are more likely to cross those thresholds. This also means that those in full time employment earning the minimum wage, have crept up into the 30% tax bracket. Is that right? Of course not.
A fair Government would have linked the tax thresholds to the rate of inflation, so they moved yearly and prevented “bracket creep” which sneakily steals money out of your pocket. A true Labour Government, would have have increased the $70,001 to $180,000 tax rate to at least 35% and boosted the $180,000 tax rate to 45% or more.
However we don’t have a fair Government and there is no longer a true Labour party, so they all allow this silent theft and won’t touch the actual tax rates (especially not to increase the upper rates). Preferring instead to keep the promise of “tax cuts” in their back pockets, to use as election bribes or forgotten pledges. We deserve a fairer tax system, maybe one day we will get an Government that actually delivers.
My extra $20/week makes little difference to me, but a fairer tax system that really delivers would make a big difference to New Zealand.
Adjusting thresholds would have required massive cuts to public services, like what is happening now.
The free prescriptions benefited me more, than any tax cut will.
Though from the looks of it, I will re-qualify for the Independent Earners Rebate, which will be given to me at tax refund time. Probably more beneficial than the $25 a week that Ill be left with.
Maybe we just need a flat tax rate of 35%, that would bring in a greater tax take, and then you wouldn’t have to worry about the “cost” of adjusting the thresholds.
Flat tax leads to the starving of public services.
Rich pricks like you need to pay more tax. Period. Otherwise we might as well just be like the USA.
You get the same vote as me. Work harder you dole bludging, porn hub watching Greens voter
At 35% for everyone, there’d be plenty of money for public services, just less for you. Currently you only hit the top rate of 39% when you earn over $180k, between $70 to $180k, you only pay 30%. And if you want a fairer tax system, you are out of luck with both Labour and National, but you should know this already. You may wish to reread my earlier comment since I don’t think you understood it the first time.
Should be between $70 to $180k, you only pay 33%.
Try Chemist Warehouse. They were always free.
Until there are no more independent pharmacies.
That’s the free market.
Correct, but do we as a public or consumer benefit in the long run? Or are you happy being a sheep, and getting constantly fleeced?
Good call Erik. Quite frankly the free market really isn’t when you allow mega consolidation
Will a chemist warehouse be coming to a small town near you soon ??. We all know they are only in the cities ,and not every city. Lobby Dan Carter and his wife ,after all the working class probably paid his wages when he was a rugby player. He’s probably much too elite for most of us these days.
Have you noticed that Shane has a really really Trump-sized index finger? I mean Simeon probably has a legitimate excuse, and the dominatrix Willis might feel pity, but Shane? Perhaps he could get his daughterings to prop Him up a bit. But then, how does one explain the twerk EeeeOrrrr Seymore.
Interesting toims – in this space, going forward.
Here we are, a Budget of Lemons. One of LeminGTONS, for the Bourgeois, in main unproductive, and heaps of Lemons, for the true producers of wealth, the Working, profit productive makers, the Prolatariat. The Honest hard Working Kiwi!s.
What would happen if a National MP turned up in a swandri-check shirt and no tie? The business suit and shirt is a very rigid code and seems so all over the world. Is there another way to be while you are being?
Parliament is indecorous enough already, thanks all the same. One TPM girl wears a sunfrock, the male leader wears cowboy hats, and the Irish woman co-leader wears a trilby and perpetual Meghan Markle smirk. The Greens wear tea towels on their shoulders and goodness knows how they came by them. Most need neck springs or tungsten ties to control their inane aping of Enid Blyton’s Noddy.
Is Capital, its law rules, three now, how long yous provide, why all yer pals money wins elections, and the election is just in its pryle, birth growth, who has the hand to collapse.
Maggie, your next stop, is leader, how your Maggie, goin to handle that, not understanding, Handel, music, or cuffs for those non morons, understanding Maggie, your foolish, escape. Maggie, you have been sprung, birthed four children, our knowing care respects, yet the corporate lies of greed exploit, you wash to be progress, greed exploit and minimum wage you support, course not, im like Maggie, unyeilding.
Cancer, what a shame them find themselves.
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