Posts by DexterX
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One of the structural problems in the economy is the “investment income imbalance” I mentioned this earlier in this thread and investment in Kiwisaver which sends money offshore adds to this in the short to medium term.
There was an excellent article in one fo the rags in 2010 which set this out - I just can't remember which one.
The problem - the lack of growth in the economy - will begin to right itself.
Goff promoting measures that don't take effect until the medium to long term just doesn't address the problem. It is posturing about something to be done in the future without addressing the present. It is doing nothing much.
We are also overlooking the Chch earthquake and the damper that has had on the Canetrbury region and how that has effected the NZ Economy.
Once the economy returns to growth - the Nat Super, Cullen fund and other bits and peices willl take care of themselves - this does not have to involve the sale of assets or tinkerng with tax or Nat Super.
PVD - Party Vote Dexter.
Thank you for your time and attention.
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Shifting the retirment age out to 67 years is not something that I support.
As I said before:
What we are going through is a settling period as we move to a lower level of economic activity and lower standard of living.
I shoudl add to this "for most of us.".
What people do about it is up to them, people need to cut their ownlunch and not rely on the governement or put blind faith in any political party.
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Speaker: Doing the right thing on retirement, in reply to andin,
Now I find myself sometimes wishing I hadnt been born when I look at how my contemporaries have screwed up. Raise the age for all I care my job and future prospects are dim enough already. Respect goes where the money is as if that is some indicator that of something more than animal cunning, it aint.
I would say that you need to get on with "it" - what ever it is you do - in a more positive light.
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Speaker: Doing the right thing on retirement, in reply to Islander,
Simple form - it is the economy and not much is being done about it or will be done about it regardless of the election result.
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Speaker: Doing the right thing on retirement, in reply to Islander,
I don’t agree with you – there has never been any detailed analysis of Think Big effect. One view is that if NZ had not thunk big the balance of payments problem in the late 1980s would have been devastating to the economy with out the income derived from the think big projects.
The thing that just is not on anyones radar this election cycle, is the economic elephant in the room, the amount of the deficit (current account) that results from flow of income to the Aussie owned banks. During the late 1990s it was around a third and on the cusp of the GFC, 2008, it was around 2/3rds or more. The term for this is the “investment income imbalance” – so rather than have interest and banking charges reinvetested by locally owned bank we send it overseas.
Part of what is holding back NZ’s economy is that the Australain banks don’t see us as good a proposition at present and they are limiting their exposure to our percieved bad risk and so the lending that drives the economy is not as it was. Interest and other charges being paid to Australlian bankers does not need to get reinvested in NZ as far as the OZ banks are concerned.
This is not an issue for either main party – it is an issue that is affecting most NZers – but it just doesn’t rate. What we are going through is a settling period as we move to a lower level of economic activity and lower standard of living. It doesn’t matter to either party as, face it, they do well regardless of whether the economy is going up or down one of them wins and pursues its agenda – a good punt for doing sweet FA and patting yourself on the back.
But by all means argue over Phil Will and John Won’t or John Will and Phil Done it Already.
Can’t wait to see the fabric of NZ devasted further by PPP in schools and all manner of things – We will move to a more defined and unequal split two tier society. Not that this will worry Labour or National that much - they will do what they have always done since the mid 1980s and that is look after number one.
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Speaker: Doing the right thing on retirement, in reply to Rich of Observationz,
Yeah add NZ Bus to that
Intergenerational mismanagement it is a pretty wide catchment- everything gets sold off and phucked over, some of it gets bailed out and bought back other bits just rort the subsidy gravy train and never have to open up their books or deliver an effective service – they just chug along .
The working person pays for it in rates and taxes and user pays.
Can't wait for them to do PPP with schools - go hard.
Look at how ruthless Labour were with power generation and how little they did to secure the rights of working people in their term. They even voted to exclude some classes of drivers from the meal break legislation.
It really doesn't matter who the Govt is - the agenda is implemented and you are on the receiving end.
Tell me how can a poor man stand such times and live?
You really vote not to support one but to keep the other out.
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There are sections of the NZ populace where welfare is a way of life and is intergenerational- however that runs alongside the intergenerational mismanagement of the economy and general lack of gumption by successive government starting, in my view, from 1984.
The problem presently is the economy - when the economy is in growth mode there is sufficient cake to meet the Nat Super other benefits without having to tinker.
Of all the benefits the DPB is the one that people - other than short-term unemployment - - spend the least amount of time on.
We have an election on and the hate and self-righteousness is bubbling to surface. It is not as if either a Labour or National Government will do anything, except tread water and pursue a ideologically driven agenda, until the economy improves of its own accord.
Phil Goof has balls - apparently - I haven't seen them - and he has after two or more decades learnt his lesson on Asset Sales - John Key smiles relentlessly and hasn't learnt his lesson from assets sales.
Phil wants CGT - John doesn't.
Phil will raise the Nat Super entitlement age over a long time - John won't.
That is about all there is - pretty lack lustre – Phil Will & John Won’t.People put too much faith in politicians - they both blow.
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Hard News: We interrupt this broadcast ..., in reply to Steve Barnes,
the only reason we are here is the furtherance of the species
I remind some of “US” that voting for them will not make you rich like them but it will make you as resentful as them.
To my mind you've added a few too many verses o the meaning of life drinking game and the gone all preachy.
I am interested in the grand scheme/design of life on earth you have outlined - If "We" weren't put on this earth to earn a living - how does the human flourishing eventuate?
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IMHO - Key's witless retort "spend like a drunken sailor", was dum - it could have been so much better, "spend and tax us to a standstill" or "spend and tax us into oblivion" - or something similar would have been more effective.
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OnPoint: If Wishes Were Horses..., in reply to Sacha,
Agreed - the state of the economy and a toxic mix of other factors.