When she was campaigning to be Minister of Finance last year, Nicola Willis pledged that she would resign from the job if she failed to deliver tax cuts in her first Budget. Now, it’s that pledge, along with Prime Minister Christopher Luxon’s pride, that seem to be the only reasons that the National-led Government is continuing to promise tax cuts in the face of opposition from just about every economist and political commentator from across the political spectrum.
Luxon and Willis quite clearly do believe in the fantasy of "trickle down" as has been evident in their ludicrous comments about handouts to Landlords resulting in lower rents. The reality is that "investments" in housing are quite unlike any other business so long as we lack a comprehensive capital gains tax covering speculative gains. As it is the main "get rich quick" scheme employed by New Zealanders creates no wealth whatsoever, and the returns aren't even taxed! Most of those at the top of the housing pyramid scheme aren't about to deliver anything to their tenants that's not mandated by law.
The essay paints a very unsettling picture. “Strong stable government”- not! Hipkins has a long, long way to go, unfortunately, to rebuild trust that he understands what leadership is about. Hopefully though Labour, the Greens and Te Pati Māori have the incentive and capacity to build a strong working relationship together- with strong policies for when the coalition glue unsticks.
Imagine my disappointment when Labour and Jacinda made numerous promises and failed to deliver any of them....where was the media then asking for their resignations.?
The nats have lived up to their promises so far and while even I question true tax cuts over moving the tax bands...yet the media is baying for blood.
Another example how the MSM are so biased they can't see the woods for the tree's.
Luxon and Willis quite clearly do believe in the fantasy of "trickle down" as has been evident in their ludicrous comments about handouts to Landlords resulting in lower rents. The reality is that "investments" in housing are quite unlike any other business so long as we lack a comprehensive capital gains tax covering speculative gains. As it is the main "get rich quick" scheme employed by New Zealanders creates no wealth whatsoever, and the returns aren't even taxed! Most of those at the top of the housing pyramid scheme aren't about to deliver anything to their tenants that's not mandated by law.
The essay paints a very unsettling picture. “Strong stable government”- not! Hipkins has a long, long way to go, unfortunately, to rebuild trust that he understands what leadership is about. Hopefully though Labour, the Greens and Te Pati Māori have the incentive and capacity to build a strong working relationship together- with strong policies for when the coalition glue unsticks.
The two of them need to fall on their swords - right now! Urgent surgery called for:
Liz Truss, much? Maybe it's time to haul out a spare lettuce.
Imagine my disappointment when Labour and Jacinda made numerous promises and failed to deliver any of them....where was the media then asking for their resignations.?
The nats have lived up to their promises so far and while even I question true tax cuts over moving the tax bands...yet the media is baying for blood.
Another example how the MSM are so biased they can't see the woods for the tree's.