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  1. First of all national income accountants who think a lot about the over all economy and how to measure it and structure the data, they have been struggling for decades about what to do with the economy because GDP is created by national income accountants by adding up value added activity and this is where GDP comes from – what is the value added to the maori economy? Answering the question of what value can be added to the economy is so difficult that essentially national accounting statisticians have to make up fictional value and just add it onto GDP figures. We can say this is what the economy maybe doing because essentially there is no value added, their is value extracted. So really you need to subtract value add from GDP figures.

    We need to look at where the money is going and that makes the whole economy make sense. So if crown funds is extended for productive purposes we will be fine. That is simple credit guidance that says you can speculate but not with public funds.

  2. your both wrong. who the hell am I going to vote for? its not baby boomers vs millenials, but we do need real change.

  3. And he is not alone – plenty of so called “left” baby boomers sitting around complaining that their children didn’t get free university education, while taking the tax cuts, thinking it would be outrageous to pay capital gains on their houses and desperate to get everything they can out of super.

    Plus in my view Working for Families is using tax redistribution to compensate for us having become a low wage country during the 90’s – tax “income earners” to enable company owners to make more profit – doesn’t deal with the underlying issue that many people’s wages are not enough to support a family.

  4. Brilliant article I think, but (and I haven’t actually read Trotters criticisms to be fair so take this with a grain of salt) – I’d bet that his critique of TOP has far more to do with being captured by Identity Politics than him being a Boomer. He doesn’t strike me as someone who would give a toss about the privileges of being a Boomer. On the other hand, if your Ego and Identity are strongly tied up with being a Leftie (or a Rightie, Libertarian etc) of some particular stripe and something all new and scary (ie Sensible and Politically Unaligned) comes along… well, you might feel a bit threatened. You might be inclined to build a Strawman that looks a lot more like the familiar old enemies you’re used to facing off against and start hurling critiques at that instead…and quietly hope that no-one notices what you’re doing and, perhaps, how irrelevant… Well, I’ll just leave it there.

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