This Government took $12billion from the pockets of workers to stuff into the pockets of the Bosses with $6billion!
Not figuratively, not metaphorically but literally.
The scale of cut backs that have been launched won’t be comprehended right now, but as the myriad of clawbacks and pain kicks in, it will be a dark and grim winter for many.
The audacity of such a venal move is going to generate backlash.
We have an exodus of Kiwis fleeing this anti-Māori, anti-Treaty, anti-environment, anti-beneficiary, anti-renter, anti-disabled Government.
This Government are implementing donors interests over the common good.
There is a point where people’s post covid bitterness can’t be manipulated by the Right any longer because their anger is now in watching National steal today what tomorrow never brings.
This level of social carnage can’t be rewarded politically.
Pretending this is all necessary because of extra spending over Covid is nonsense.
This Budget is class war, there will be a political backlash to this.
Increasingly having independent opinion in a mainstream media environment which mostly echo one another has become more important than ever, so if you value having an independent voice – please donate here.
It will take decades to repair and recover after this bunch has been booted out.
Seems we need to establish some kind of upper and lower house, and ban political donations – instead publicly fund election campaigns.
Otherwise it will just get far worse.
that I can agree with.
Just limit political donations and those that are given are used to provide information that goes beyond opinions and one liners, Must start with a verifiable fact and add more facts to it. With a word limit otherwise tl:dr – pollies and their advisors are used to spinning everything.
Economic Criminals.
= Disturbingly, Bloomberg News are reporting that they have documents showing that Finance Minister Willis asked the Treasury for advice on whether she had powers to direct the Reserve Bank to change its prudential policies. Her office asked several times for a meeting which Governor Orr refused. They ultimately agreed to meet on February 24, after the Bank’s Monetary Policy Statement was released and just before Orr’s abrupt resignation. Willis told her press team to keep the purpose of that February meeting a secret.
= Both the Reserve Bank Chair and current Governor have a monetary conflict of interest in trying to resist Finance Minister Willis’ demand that the Bank Capital Requirements be relaxed. The RBNZ Chair is asking Willis for up to 1/4 of a billion dollars and approval of a new Medical School at his University of which he is Vice Chancellor. As for the Governor, he is only temporary and needs Willis to approve his continuation to a permanent position in six months time, a promotion in terms of life-time future income and status worth millions.
= This week current Reserve Bank Governor Hawkesby stated he wanted the second review of the Bank Capital Requirements to be completed super fast before the end of the year. No doubt he wants it finished whilst his current six month term as stand-in Governor is still running so he can give the Finance Minister the answer she wants to hear, in expectation his Governor job will be renewed (and he will be granted a full five year contract).
= The Big Aussie Banks are already amongst the most profitable in the entire world, and make a dis-proportionate amount of that money out of Kiwis.
= It is impossible to draw any other conclusion that the NZ Finance Minister is acting to implement the agenda of the Big Bank lobby. What is her motivation? Her former boss, Sir John Key, was Chairman of ANZ Bank. One can only expect it may be a job that she also covets when she retires from politics.
REPOSTED.
Here’s one.
https://www.rnz.co.nz/news/national/562788/pukaha-national-wildlife-centre-calls-for-financial-help
…In a statement Pūkaha board co-chair Mavis Mullins said without an immediate and significant cash injection the board would be forced to shut its doors.
The Post has reported that the centre needed to find $600,000.
“But the current operating model, which includes only part funding of conservation work by the Department of Conservation, with the rest from community funding, is no longer sustainable.”..
Mullins said for several months the sanctuary had been working with potential investors, and had brought in independent financial advice.
“We’ve also been in discussion with the Department of Conservation about the payment of outstanding invoices for Shore Plover Aviaries, a nearly completed construction project urgently needed to continue the national programme of protection of this endangered species.”
The centre was now asking for the community to step in, she said.
Time for govt members to pay over a tithe on their own earnings to a Trust set up to support NZ from depradations brought on by what has turned out to be a horror story of semi-reasonable politicians being bitten and contracting a wasting disease that leaches out blood and vitality and turns them into shells, mere zombies as the overpowering neoliberalism takes over body and mind.
The first part is right Trevor, the second part of your comment lacks intelligence given the money borrowed kept people and businesses alive, even you’ve admitted that previously.
Ada whilst you are correct, your solutions are not. We need to tax proportionately. At present the wealthy are on a joy ride. Fix this you fix state welfare.
@ Ada & Im Right -still blaming Labour, ay!!. Right wing cocks just can’t accept responsibility for their cock ups and incompetence, so they lie, blame and talk shit – like welfare is to blame when actually it’s the rich pricks gaming the system with the help of mates in Government who accept their bribes. Tax them hard, they don’t earn their money from an honest days work, anyway. And expose them and their collusion with this government.
Labour did not do a great job of taxing the rich did but unfortunately they still spent like they had a money tree .
We don’t believe you
@ Trevor “I think this country will survive if National keep holding the purse strings” ..Ah, you mean ACT/The NZ Initiative. This country will survive but in what state, under National?Mass emigration to Australia of all our young people and talent, all state assets handed over to their mates in the private sector for monopolies and price gouging. Oh, and handing over the job of regulation to their corporate mates as well. Dystopian NZ here we come! We’ll only attract immigrants from third world countries….oh, wait
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