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0% pay offers, should they be outlawed?
If we really cared about people falling behind, shouldn’t wages automatically increase at the annual rate of inflation at the very least?
Government would be wiling to consider this; however that would require a thorough-going discussion and conference by Treasury, Reserve Bank, Inland Revenue Dept all the Bank Economists plus the free-floating ones, (and all the usual suspects), which could not release its findings until after the 2026 Election.
Government is not interested in protecting the poor abnd vulnerable to addiction or blather.
https://www.rnz.co.nz/news/national/533574/former-high-cost-lender-eagle-man-fined-200k-for-charging-up-to-182-point-5-percent-interest
…”In some instances, Eagle Man charged an interest rate of 182.5 percent per annum, on top of credit and default fees. This could saddle consumers with significant debt that is more than the amount they borrowed,” she said.
It was the commission’s first case under the CCCFA. !!??
Under the CCCFA, lenders that offer loans with an interest rate of more than 50 percent were considered to be high-cost lenders and needed to meet specific requirements….
In actual it is a microcosm? of what NZAO is undergoing as a whole from the crazed wealthy plutocrats who can’t love what they are and have and be grateful for it and know when to say “ENUFF.”
https://www.rnz.co.nz/news/national/533582/temporary-village-built-for-whanau-displaced-by-cyclone-gabrielle
The title is confusing. Just to reassure – the cyclone happened first, and the temporary village followed up, is standing and able to be used. Good news from bad – let us have more of this. Come on gummint you get paid enough to create many good outcomes. Be like Alice’s White Queen and think six impossible things before breakfast. And to ensure that you can’t be accused of being racist, whatever you do for one needy group, you turn and do for others on the same level.
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