OnPoint by Keith Ng

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OnPoint: Fiscal Responsibility is the New Black

97 Responses

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  • Sofie Bribiesca, in reply to Islander,

    I will box some thing up tomorrow so look out for goodies in the next 3 days. :)

    here and there. • Since Nov 2007 • 6796 posts Report Reply

  • Sofie Bribiesca,

    here and there. • Since Nov 2007 • 6796 posts Report Reply

  • Sofie Bribiesca, in reply to Ian Dalziel,

    What is Labour and the Greens current stance on the TPPA?

    Well, that have been making noise as both see the demise of Pharmac. Suppose I can go away and find details... ;)

    here and there. • Since Nov 2007 • 6796 posts Report Reply

  • George Darroch,

    I'm about 99% sure the Greens (the party I'm a member of) oppose it categorically rather than conditionally - there is simply too much to fix, and too much they've publicly opposed in very strong terms (Pharmac being merely one).

    However, I haven't seen a public statement giving that assurance yet. I'll update if I get one.

    WLG • Since Nov 2006 • 2264 posts Report Reply

  • merc,

    GST on rates seems a bit on the nose.

    Since Dec 2006 • 2471 posts Report Reply

  • Sofie Bribiesca, in reply to merc,

    GST on rates seems a bit on the nose.

    Yes, tax on tax is mean.

    here and there. • Since Nov 2007 • 6796 posts Report Reply

  • merc,

    It would be cool if they were more upfront on how they spend or borrow against it as well.

    Since Dec 2006 • 2471 posts Report Reply

  • Rich of Observationz, in reply to Sofie Bribiesca,

    Why? It's no different to a slightly higher tax?

    (So if you pay 0.37c in the dollar, that's a 0.37% tax, which with GST is a 0.43% tax).

    Now, if you make a 5% capital gain on the property, that's taxed at 0%, so you're effectively being subsidised 1.67% - four times the rates. That's tax money that's coming out of workers' pockets instead of asset owners).

    Back in Wellington • Since Nov 2006 • 5550 posts Report Reply

  • Sofie Bribiesca, in reply to Rich of Observationz,

    I was just thinking of the hundreds in gst on my rates,but I get your point.

    here and there. • Since Nov 2007 • 6796 posts Report Reply

  • Sofie Bribiesca,

    here and there. • Since Nov 2007 • 6796 posts Report Reply

  • Hans Versluys,

    And the GST goes to the central Government, not the local council.
    Rates should be abolished anyway and replaced by a transfer from central Govt of a percentage of all income and GST taxes collected in your local body area. Cheaper to run, fairer to implement, more stable revenue and linked to your ability to pay than to the peceived value of what you may own.

    Auckland • Since Jul 2011 • 33 posts Report Reply

  • Sacha, in reply to Hans Versluys,

    Local government has always mainly been about managing land-based activities and effects, and its revenue basis has reflected that.

    The most recent comprehensive review of local authority income has not been properly implemented by either of the last two governments, though I'm sure we'll see some remodelling along less evidence-based lines after this election, whether or not Act scrape back in.

    Ak • Since May 2008 • 19706 posts Report Reply

  • Sacha, in reply to Hans Versluys,

    the GST goes to the central Government, not the local council

    True. It's more like the state/federal taxes in some other nations.

    Ak • Since May 2008 • 19706 posts Report Reply

  • Steve Barnes,

    And then there's This Guy who doesn't think he pays enough, DOH!

    Geoff Burton's house at [redacted], Glendowie, has gone from a capital value of $2.3 million to just $1.5 million - despite the suburb's values rising by 7.79 per cent overall.

    Mr Burton is one of more than 1000 homeowners who have so far complained to the council about the new valuations.

    I also wonder how happy he is about the paper publishing his address.

    Peria • Since Dec 2006 • 5521 posts Report Reply

  • DexterX, in reply to Rich of Observationz,

    That's tax money that's coming out of workers' pockets instead of asset owners

    All expenses relating to a rental ppty are paid by the tenant.

    Auckland • Since Nov 2006 • 1224 posts Report Reply

  • Rich of Observationz, in reply to DexterX,

    Not neccesarily, landlords charge what the market will bear. Typically in NZ that's less than the cost of ownership of the property.

    Back in Wellington • Since Nov 2006 • 5550 posts Report Reply

  • Rich of Observationz, in reply to Steve Barnes,

    GV's are a matter of public record.

    You can also look the place up on Google Maps, or wonder whether it's this guy's house - must be a lot of dollars in house pr0n.

    Will all be very useful when the revolution starts...

    Back in Wellington • Since Nov 2006 • 5550 posts Report Reply

  • Sofie Bribiesca, in reply to bmk,

    Does lettuce have a season?

    Sorry to drag this along but lettuce being seasonal is now at $1.60 at Countdown. Truss Tomatoes $2.98 / kilo
    Oh and Islander, Parcel sent to you Monday afternoon, hope pickle stays intact :)
    Righto going away now .......

    here and there. • Since Nov 2007 • 6796 posts Report Reply

  • Islander, in reply to Sofie Bribiesca,

    Oh and Islander, Parcel sent to you Monday afternoon, hope pickle stays intact :)

    O you beauties!
    I will ask a neighbour to pick it up with care, and cherish it until I get back on the weekend-ka mihi aroha mai na koutou - n/n/K

    Big O, Mahitahi, Te Wahi … • Since Feb 2007 • 5643 posts Report Reply

  • Hilary Stace, in reply to Sofie Bribiesca,

    Allan Peachey was the MP I bailed up in the supermarket three years ago ( just before Christmas) after the new govt had just passed the National Standards act through all its stages in less than 24 hours. My concern was about autistic students and I raved about it at the time on PAS. He was very gracious and consequently Autism NZ met the select committee several times to discuss their concerns. (The select committee even put out a summary report a few weeks ago). He was always polite and concerned and I thought a good and fair chair of the select committee. Apparently he wasn't that pleased about national standards, and I'm pretty sure he didn't approve of the way they were hammered into schools.

    Wgtn • Since Jun 2008 • 3214 posts Report Reply

  • Lucy Stewart, in reply to Hilary Stace,

    Apparently he wasn’t that pleased about national standards, and I’m pretty sure he didn’t approve of the way they were hammered into schools.

    Why does National always manage to get people who are experienced and knowledgeable in a sector and then keep them strictly away from actual policy decisions about it?

    Wellington • Since Nov 2006 • 2105 posts Report Reply

  • merc, in reply to Lucy Stewart,

    This is the most baffling part of them for sure.

    Since Dec 2006 • 2471 posts Report Reply

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