Budget 2024: Winners, Losers and Predictions
After winning the 2023 election because the electorate were bitter with Jacinda for saving 20 000 lives during a once in a century pandemic, National, ACT and NZF coalesced around a shared platform of shitting on Māori, beneficiaries, renters and the environment to ensure their rich donor mates received $2.9billion in real estate loop holes and a $14billion tax cut we are borrowing for.
It’s like getting mugged and then the burglar sending you an invoice for being robbed!
There are of course, political winners and losers!
WINNERS:
National + ACT + NZF
The big winners in all of this is the Government because they have managed to sell this offensive brutal budget as ‘moderate’ and as ‘vanilla’. Our news media have done an appalling job of highlighting how radical and dangerous this Budget actually is!
Remember how the Right went on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on and on about how evil Labour were for borrowing so much money AND YET this fucking Government are borrowing more than Labour!!!!!!
YOU! FUCKING! HYPOCRITES!
When Labour borrowed, it was to protect us all from Covid, when National borrow, they are doing it to fund tax cuts – so go fuck yourselves for ever criticising Labour ever again.
Go!
Fuck!
Yourselves!
REDNECK BOOMER SETTLERS:
They get their tax loop hole and rob Hone to pay Peter, Paul and Mary to do it. They will be playing their banjo’s in the fire light of burning crosses and singing Alt Right Folk Singer Chris Trotter’s greatest hits in joy. This will see a spike in subscriptions to the Democracy Project, The Platform and ZB Plus in celebration.
REAL ESTATE PIMPS AND LANDLORD SCUM:
We have cut so much in public services to find the money to give National’s rich landlord class $2.9billion in tax loop holes, as Professor Susan St John devastatingly points out in todays must read TDB post…
The top 2 quintiles (40% of households) gain $1.6 billion or 55% of the total. But they also benefit by $750m a year from the landlords’ tax reduction. When that is Included, they get 64%, by far the lion’s share of the total. What is so shocking is that the lowest quintile gets just 5.4% of the total. About 130,000 households get nothing at all and 8000 are slightly worse-off.
…this is a Government by Landlords, of Landlords who rule in the interests of Landlords.
RICH DONOR CLASS:
The rich donor class have benefited most from this budget. They gain tax cuts, tax loop holes and their privatisation model has been adopted alongside destructive Fast Track Powers for the most corruptible MPs.
LOSERS:
Māori:
This new Government is sooooooooooooooooooooooooooooooo racist that our Māori brothers and sisters want their own Parliament!
This is the price of this Government’s deplorable anti-Māori agenda!
- This Government has attacked use of Māori by State Departments.
- This Government has removed Section 7AA from Oranga Tamariki to green light a new generation of uplifted Māori kids.
- This Government killed off the Māori Health Authority.
- This Government are attempting to introduce a destructive Treaty Principles Referendum.
- This Government are revoking local Māori representation.
- This Government are looking to remove all Treaty references from NZ Law.
- This Government killed off 3 Waters and ended Māori water interests.
So beyond just using Māori as a political punching bag during the election, they have followed it up with culture war revenge fantasies that are cross burning and banjo twanging in their racism to appease their redneck cracker boomer settler clique and the response has been immediate Māori protest and now talk of a Māori Parliament.
Thank you National, thank you ACT, thank you NZF and thank you redneck cracker boomer settler clique for turning Māori against the project of New Zealand.
Māori have lost between $90million and $300million in direct funding in this budget. This is insult on top of injury.
Renters:
Can go fuck themselves, Rents are predicted to continue to rise as Landlords get their tax loop hole AND fuck you over with rent rises.
Environment:
There is $3billion less as this Government robs climate change initiatives to fund their tax loop hole! We are seeing heat spikes this year that are off the record and it’s not going to get any better. This Government have offered us an umbrella to protect us from a tsunami.
Beneficiaries:
As Professor Susan St John devastatingly points out in todays must read TDB post…
Remember, the worst-off families get no tax relief in this budget and miss out on the IWTC because they are on benefits The IWTC payment (which assist with the costs of raising children) is now nearly $100 per week for 1-3 children with an extra $15 a week per additional child. In this recession, as low-income families lose work, as they will, they also lose $100 per week (more for larger families) FOR THEIR CHILDREN.
We can infer from the Child Poverty Report that the coalition government is abandoning any pretence to reduce child poverty. They think forcing mothers into paid work is the way to address their poverty, ignoring and devaluing the demanding work of parenting.
The ideology of the government clearly is to view all benefits, and even a part benefit as bad and paid work always better and more valued than unpaid work.
…this Government has robbed the poor to pay for the rich!
Cancer Patients:
They have been totally fucked over. After National promised to pay for their drugs, they have renegade on that promise! The cost of the cancer drug promise would have been $280million, National say they can’t find that money and have broken the promise they made cancer patients clinging onto life and hope but they DO HAVE $2.9billion for tax breaks to their rich landlord mates and $14billion in tax cuts.
This is the first pro- Cancer Government in global history.
PREDICTIONS:
Remember how The Democracy Project immediately proclaimed this was a moderate government when it was really a hard right racist climate denying beneficiary bashing Government?
If you are not angry, it’s because you’ve been conned by the mainstream media into believing this was a ‘moderate’ or ‘vanilla’ budget.
The Government’s predictions for unemployment seem terribly undercooked. Key faced a 6% unemployment rate, where as the prediction here is 5.1, yet Key poured vast sums of cash into job projects that this Government won’t, so how that will end up with a lower unemployment rate is a tad beyond me.
The OCR will go up and inflation won’t come down.
The simple fact is that the Right (and Labour) will not tax the rich so we can’t gain any extra revenue to properly fund the social and physical infrastructure we need.
This is a terrible budget that cements into place food insecurity, debt slavery, renter pain and desecration of our environment.
We are actively pushing 13 000 kids into poverty to fund the richest landlords.
We should be ashamed that our anger at Jacinda was so easily manipulated into allowing these rich pricks to line their own pockets at the expense of the poor.
This budget is not who we are as a people, it is beneath our collective mana!
I just watched lying Luxon bullshit his head off over the medicine funding. Budgets are available every year to show where the money is going. Apparently he and his finance minister didn’t read one for six years. That’s odd because they criticised them every year. He needs more time but it took him and his bunch of coalition dickheads 10 minutes to sort out making smoking cheaper and more accessible. He’s a liar.
Wheel. A government which turns its back on cancer patients, is subhuman and cannot be relied upon to behave decently about anything after that. Apart from the sheer callousness, it is totally short-sighted and creating bigger fiscal problems further along the track, but they don’t care, they won’t be there.
Estimates of New Zealander’s lives saved during Covid, through Labour’s policies and actions, is about 2,000.
With the change in the smoking/tobacco laws by this coalition government (remembering a couple of Nat MP’s were tobacco lobbyists before becoming MP’s -one now a Minister, eh Chris Bishop?) AND the dastardly Nats broken promise for cancer drugs…. together, these Nat/ACT/NZf policies, are estimated to result in at least 5,000 unnecessary deaths of New Zealanders.
A Coalition of Killers!
That estimated number if lives saved is 20,000 not 2,000. Just FYI.
Thank you for the correction. Lives – black, white and everyone in between – do matter!
The Jesus of Luxon’s alleged Christian religion, healed people, and cured them. Luxon tells them to go to hell.
The same Jesus wrought a miracle with loaves and fishes to feed the hungry, but Luxon’s government shrugs them off as other people’s business, not worth bothering about.
Jesus rode on an ass, but Herr Luxon cushioned himself in a big shiny Mercedes, because he is the ass.
Jesus said, “ Suffer little children to come unto me,” but this government says,” Suffer, children” , and are the millstone around the children’s necks.
Luxon attended the Upper Room for a period of time until it was deemed to affect his chance of election.
Who says his motives were that of a Christian?
Remember Rodney Hide studied Environmental Management before he became Act Party MP and NZ’s most avid climate denier. His work on oil rigs, his representation of transnational corporations and his entitlement in thieving taxpayer funds to fly himself and his new fluff around the world defined who he was. The stint at Lincoln was merely to get to know the enemy from within, the language they use and their method of opposition.
These people are sociopaths and will do anything to seize power and wreak destruction.
The Upper Room is a reference to Passover and the Last Supper, a symbol of the ultimate betrayal.
Ben Dover Yes. Sociopath is a word I was looking for. Psychopaths are usually more astute at concealing their machinations, but this lot have a major disconnect about how they are, and how they are perceived, until somebody tells them. Never regarded Luxon as in any way “ religious” or particularly bright, and Willis, as a woman and a mother is a shocker, but I prefer not to elaborate on that.
The government can borrow $12B and delay funding for cancer drugs, but not borrow $12.28B and include funding for cancer drugs? That further 2.3% of borrowing is a step too far? If they had to break such an emotive promise, could they not have funded at least a portion of the promised 13 drugs now, with the rest being phased in at a later date? Seems that charter schools are a more pressing issue than cancer treatments.
Willis may be right about the tax cuts not being inflationary, because the majority are getting a barely noticeable $20 per week. Is it even possible to get a dozen 5% beers for $20 these days? Maybe Kiwilager, but that’s only 4.8% That’s not even the second-hand Corolla of beers, but it’s how you get to celebrate 14 years worth of tax bracket adjustments. A minimum wage earner with weekly outgoings of $300 will likely see their tax break of $12 gone if inflation is at 4%.
And how long did we have to wait? Actually, we are still waiting, unless you are an interest-deducting landlord. The tax relief won’t be noticed until you get paid in August, almost 10 months on from the election. Despite action plans, mini-bugets and whatever the fuck we are in now, tax relief arrives when almost 60% of the current year has gone. For someone getting $20 per week, in 2024 they will receive around $450 for the year.
“Remember, the worst-off families get no tax relief in this budget and miss out on the IWTC because they are on benefits ”
Exactly the same people who were excluded from working for families. By Labour. Who haven’t been actual Labour for for 40 years now.
yes and its time Labour got their policies for working for families on track. Labour’s failure to conduct and complete their promised review wasted every one’s time in pointless box ticking consultation. Reform must base WFF on centering the needs of child not paid work.
Labour and Greens , only have themselves to blame for the Government they have created. That cancel free speech rubbish gave ACT 7 %. Mallards disaster handling of job as speaker/protests, Gave NZ first the 5% and unfortunately Grant and Jacinda and Hipkins lost common sense.
Well, we now get a glimpse of our shallow caring trio, not quite burning books, yet burning prescriptions for life saving and or extending life, with this corporate doctrine, its not us, its the last six years.
Wake up, you!s who promise tax cuts for wealth, its yous now, and your bleet, its six years of mis-managment, its your govern and if not brought through help hope of your corporate promise to aid as when elected now, not six months or years later. Cancer care the eleven drugs right now, not when your charter schools, your pot holes and slash, are taxed to clear.
Shame on you four birthed mother child, your maggie shines dim, as drugs that can lighten Cancer suffer, life ease, as the tax ease of the most and landlords dance, sense is back.