Debt wouldn’t be a problem if this Government taxed the rich!
Every election cycle the same debt panic returns — public services must be cut, spending must be slashed and austerity becomes inevitable. Critics argue the real issue isn’t Government debt at all, but decades of neoliberal tax policy that protected wealth while inflating private debt and speculative property bubbles.
Crisis or control? The competing views on New Zealand’s national debt
The Government has promised to slash public sector spending to improve our financial position.
New Zealand’s debt-to-GDP ratio (the nation’s debt versus its annual economic output) currently sits at 41.8%, the highest level in roughly 30 years.
This is lower than what we saw in the late 1980’s and early 1990’s, when the ratio hovered between 60% and 70%, but it’s still high enough to encourage belt-tightening by the current Government.
Stuff
Every bloody election it’s the same ZB talking point neoliberal myths on debt.
The Right are brilliant at pushing corporate interests camouflaged as espousing small business morality.
Why the household budget comparison is misleading
The Right pretend the Government is like a household in that you can’t spend more than your household brings in which is of course bullshit garbage because the fucking Government can snap their fingers and male money, a household can’t.
The Right manipulates small business morality so as to stave the state of any revenue to redistribute in the first place.
Our 30% debt straight jacket is pure neoliberal play and Bernard Hickey and Verity Johnston dismantle the lies about our debt.
The real debt crisis is private wealth and speculation
It isn’t Government debt that is the problem, it’s private debt used to fuel a speculative property bubble…
…we wouldn’t have a debt problem if we taxed the mega wealthy!
We are locked into right wing talking points and rather than challenge those assumptions, we get bullied into accepting their solutions.
Universalism of public services that generate a meaningful material upgrade for the many paid for by the few is where the debate should be, not more public service cuts!
Two media parasites play brain-fart tennis.
How? How does a multi-billionaire become a multi-billionaire? Bootstraps pulling? Sleeve rolling? Or… since our vote isn’t mandated and our parliament has a revolving door policy for any lobbyist driving a flash car who then only needs to wade waist deep into free money the farmers who created it wave goodbye to?
She got back to the Parliamentarian Welfare Benefit Office they all laughed and drank champagne and said “Let them eat cake.”
Why should the rich pay for Martyn?
How else are you going to get the rentier and profit money from the top of the system back down to the bottom so it can be spent again.
If all the money rises to the top and the wealthy have bought all the weetbix they can eat then they are just going to buy up all the houses, until the whole middleclass become impoverished renters, with no money to consume the products and services of business.
Since Labour went neo-liberal NZ home ownership has fallen from aound 90% to around 60%.
You’ve got that backwards Ada. Why should anyone suffer billionaires?
And you’re a perfect example of someone conned into believing the opposite of reality.
And you are someone who believes the economy is a zero-sum game, I.e. that you are poor because other people are richer.
yes
You’re guesswork just means you can’t comprehend what I’m saying and need to turn it into something you think you understand. (You don’t).
Show us the evidence that the rich are paying for Martyn. Go on…
Don’t you have a Klam rally to attend anyway?
go back to israel to help slaughter kids ada. You’ll feel more at home there.
“What should the rich pay for” or “Why should the rich pay more”?
Because they have more therefore more to protect, I don’t see sensible people asking the criminals to guard their wealth, and it’s in the best interests of those with wealth that society is peaceful, so they should contribute according to their ability.
There’s a reason they’re entitled and rich…
https://www.stuff.co.nz/politics/360982141/minister-seeking-tougher-accommodation-supplement-criteria-claims-1000-week-housing-allowance
“She suggested we direct our questions to her office. Her office said the minister had nothing to add to supplement the publicly available information”
Upston’s integrity on full display.
Even the most ardent right wing supporter knows this is corrupt.
There’s a reason they’re entitled and rich…
https://www.stuff.co.nz/politics/360982141/minister-seeking-tougher-accommodation-supplement-criteria-claims-1000-week-housing-allowance
“She suggested we direct our questions to her office. Her office said the minister had nothing to add to supplement the publicly available information”
Upston’s integrity on full display.
Couple of points before the usual knuckle dragging, Moa Point lie believers show up.
The strength of an economy is measured internationally by the ability of the State to raise revenue. This is how it has been since before the time of Henry the 8th. Lenders and bond takers will expect a return and if you denude the State of revenue they will expect a higher return.
So if you’re stupid enough to cut Crown revenue dramatically there are huge ramifications for the rest of the economy.
Wonder why our exchange rate is shit?
National government policies destroying faith if the NZD.
Want to know why we’re being hit with credit rating downgrades. The Coalition cutting Crown revenue.
Want to know why our capital outflows are hitting record highs? Because this government care more about foreign corporations than the NZ economy or any of you.
And before the “rUn dA guBBerMinT liKe a BiDneSS” fuckwits show up…
Tell us what sort of business because different businesses have different business and operating models. If you weren’t a fucking cretin you’d know this.
Is NZ supposed to be run like a hair salon or Google?
Like a child care franchise or Fonterra?
The truth is this government are turning you all into whores to stock a brothel for overseas interests. That’s the National Party business model.
Hope you all enjoy being fuckboys for Microsoft and Palantir.
“The strength of an economy is measured internationally by the ability of the State to raise revenue. ”
So…by that reasoning a totalitarian dictatorship has a stronger economy because it has the unlimited ability to raise revenue.
A minimal state or a totalitarian state has unlimited ability to raise revenue and unlimited ability to choose from whom it raises revenue.
The current NZ version of State raises revenue by taxing poor people’s food and spends the money on landlord’s (& banks) accomodation benefits and employer’s working for family benefits.
I don’t know that people are rushing to lend money to North Korea or the other totalitarian states around the world.
You should try learning English as a second language and maybe the second time around you might actually understand what has been communicated.
That’s some strangled idiotic bullshit noises coming from your cakehole Ada
Why don’t you go and have a lie down and then pick up a book that’s above your reading level.
You can do it!