Finance Minister Nicola Willis says Cabinet will likely make a decision in the coming weeks around allowing foreign investors to purchase residential property in New Zealand.
She’s signalled foreigners holding an Active Investor Plus Visa – which requires a significant investment in New Zealand – could be able to buy property here.
Comrades.
I appreciate many of us are just keeping our heads above water with this never ending cost of living crisis and many of our whanau are working their fingers to the bone, but we must pay attention to the blitzkrieg of hard right policy being rammed through while we are all busy trying to survive.
The incredibly negative impact on the economy from this Government’s ideological experiment has borne a bitter, bitter harvest and no amount of of ‘we are fixing Labour’s mistakes’ can gloss over the fact that these negative economic conditions that we are experiencing ARE THE DIRECT RESULT of National’s own policies.
The ONLY thing that National are desperately holding onto now is selling citizenships to the mega wealthy and changing the Overseas Investment rules to allow Trans-National’s to exploit the housing market!
Dita De Boni reports that The Government is trumpeting the fact that 215 applications have so far been received for the rejigged Golden visa categories, with $1 billion in new money landing this year if all those who applied are approved.
Is this what we have become?
A country selling citizenship to multi-millionaires to prop up our economy?
The changes Winston has announced is to acquiesce to these 215 multi-millionaires…
…this Government has run out of economic ideas and is now trying to sell citizenship’s to prop the economy up while changing our Overseas Investment rules and yet no one seems to be aware this is happening because we have a dumbed down Seven Sharp and a NZ media built upon properly speculation advertising.
215 Multi-millionaires who are having the overseas investment rules changed for them + a Government desperate for revenue = bad times for the rest of us!
Can we please pause and consider what the Gold Visa and changes to Overseas investment add up to?
Kiwi, why are you allowing this Right Wing Government to sell citizenships and buy up our property when the market is crashing…
This isn’t a housing market meltdown, it’s a full-blown crash – Liam Dann
…why are you allowing them to exploit us?
How angry at Jacinda, vaccines and da Maaaaares are you for this whoring of our sovereignty?
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It’s called colonialism. When your only policy and your only hope is in the hands of foreigners. The problem is that the foreigners have already extracted as much wealth as they think they can get from New Zealand. Now the colonialist regimes is sweeping up the crumbs – a residential property in Herne Bay? $40 to cast an eye over Te Whanganui a Hei? – and hoping to spark some interest.
The regime has a parliament in which six parties are represented. Two of them are colonialist by default. Two are rabidly colonialist. One is reluctantly colonialist. One had to be dragged screaming and kicking to colonialism. (If you have difficulty figuring out which is which here is a clue: rank them by size and you will get the same order).
This institution is always going to deliver colonialism and nothing but colonialism. It can do no other.
The trouble is that colonialism has run out of sea room. These proposals are more indicative of desperation than perfidy.
Well written comment Geoff. Full of intellect and eloquent.
Sadly the same can’t be said of Bob troll whose only reply is that of his brain capability, which is that of two words.
No bigger sellout rat owned by foreign interests than Winston Peters. Seymour doesn’t count because he isn’t a real New Zealander.
Seymour isn’t a real New Zealander?
Seymour was born in Palmerston North[1] on 24 June 1983.[2] His family moved to Whangārei when he was a child.[1] He is descended through his mother’s father from a Māori great-great-great-grandmother, Maraea Te Inutoto, whose husband was Stephen Wrathall.[1] Te Inutoto was from Tauwhara marae at Waimate North and a member of the Ngāti Rehia hapū[1][3] of Ngāpuhi. The family’s Māori ancestry was discovered through research by Seymour’s great-uncles[3] when he was seven years old.[4]
Just blame the maaaaris that the ways of the colonist their racial blindness hinders them from being critical especially on very important issues of protecting our sovereignty
I recall that there used to be a saying about ‘being slaves in our own country,’ and this government seems determined to make that happen, as they have already started rigging the electoral system to limit who votes. I suspect that the ‘some are more equal than others’ logic will apply soon, and the preferred class will get extra votes for the supposed contributions they make.
They’ve already got our banks, forests and most of utilities so why shouldn’t we expect overseas interests to own our dirt as well.
And apparently there are whispers in London Willis will be our next PM gee given she can’t even win her local electorate that will be a big ask. And she is more disliked than the bald one particularly after her no boats 600 million ferries disaster not to mention her promises to sort our high grocery prices.
Health care is not free and many of us don’t get it anyway it depends on where you live and who you are anyway what are we paying taxes for.
The truth is, according to one of a city services gang, like someone she shares a house with. The woman wakes up and checks her cellphone and Facebook early in the morning and hardly a word passes between them all day and not much better in the weekends.
Some people don’t think much, they just look at the strongest argument that presents them as victims or hard-done-by. Our old democracy was still on iron wheels, the new one’s gone to rubber and other quieter materials. But it follows the same careless way of handling democracy; ooh it slipped out of my hands and broke, we can hold a Commission enquiry to see the cause, so sorry, I’ll take it away and put some quick-mend-mate on it. You’ll hardly notice the difference (sucker!). Not what my father died to protect in WW2, those left have taken his and all the other toilers for the good of the country totally for granted; self-centred lords and ladies, our society of older people – that’s from wide observation, but just a majority. The rest don’t know where it all went wrong and talk about the old days; do some public service, run seniornet (closed down in Nelson) and various other vanishing things.
If the media is prompted to start fear mongering over the size of the national debt – $trillion – then asset sales are come next. https://www.nzherald.co.nz/business/economy/nz-closing-in-on-a-trillion-dollars-of-borrowing-nation-of-debt/4VKUG3OUFRFNLIA47WQV6MHW3A/
So worryingly true
What is productivity? Output per labour which to be high requires more capital per labour.
Problem is NZ doesn’t own it’s capital because it gave away its banks and forests and exports it’s bigger companies.
https://www.farmersweekly.co.nz/news/overseas-players-see-value-where-nz-investors-dont/
Whoops there goes some more sovereignity
Joseph I read you and you make such good points – speaking truth came to mind. This is what Forbes put up on google about that.
What is a famous quote about speaking truth?
‘Fear is not in the habit of speaking truth;
when perfect sincerity is expected, perfect freedom must be allowed;
nor has anyone who is apt to be angry when he hears the truth any cause to wonder that he does not hear it.’
Quotes on Truth – Fear is not in the habit of speaking… Tacitus – Forbes
Forbes https://www.forbes.com › quotes
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