Posts by Andy Milne
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Great post, Greg, thanks for sharing the highlights of what has been a tough few years.
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OnPoint: Set it on fire, then, in reply to Joshua Drummond,
to have an organisation claim me as a member and then use my unwitting membership as weight to back up politics I don't agree with is unconscionable.
Well put. This is the main reason I won't join a union, despite some of the good work they do advocating for individual workers in our industry.
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To continue my train of thought: If govt really wanted to disincentivise property investment, wouldn't it be more effective to no longer allow investment property losses to be offset against PAYE income? That tax advantage seems to be at least as big a driver of investment property investment as capital gain.
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OnPoint: It's real, in reply to George Darroch,
The banks have chosen to lend to housing over businesses, on the basis that housing inflation is better for their returns than a business trying to run a profit.
Im not sure I see what you're trying to say here George. Banks don't make lending decisions based on whether their secured asset is appreciating in value, they lend on the basis of whether they think their loans will be repaid. As the underlying risks/returns haven't changed on a net basis, it won't affect bank lending policies and it won't affect investor decisions.
Most peope who invest in property do so as it is generally (and correctly, IMO) perceived as being lower-risk than shares or bonds. CGT potentially makes property less attractive as an investment, but if it applies equally to equity and debt investments also, then this won't affect their investment decisions.
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Can someone please explain how CGT will suddenly encourage people to move out of property investments and invest in more "productive" areas of the economy? If CGT is applied as a blanket tax across virtually all asset classes barring the family home, I don't see how it incentivises a change in investor behaviour. I get the "fairness" argument to a point, but surely applying CGT across the board does nothing to alter the status quo of investor decision-making?
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@BlairMacca, I'm picking that being a former international snowboarder (5th at the US open Snowboarding champs) probably indicates Hayley Holt has a little knowledge of winter sport. Whether that makes her a good sports reporter is a different issue...
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Stupid analogy
that's two words Gio.
Sorry, getting my coat now...
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Can someone tell me how the quality or integrity of Concert FM would be degraded by limited commercial sponsorship? I don't fully buy Danyl's argument, but I'm equally unconvinced that it will be a Haitian-scale national disaster if Concert FM is partly commercialised.
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Thanks Nick, finally a bit of honesty. I will be quoting you on that. I feel a letter to Rodney to confirm your statement.
Was that necessary? Let the man get his snark on a little if he wants to - its not like its the first recorded use of sarcasm on PAS now is it?
Being on t'other island I must admit that the machinations of Auckland local body politics aren't something I pay a lot of attention to. It would be nice if this story got a wider airing though, as the issues it raises seem to have implications wider than just Auckland politics.
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I would also recommend plenty of time on hands and knees, rocking
This is apparently good also for bringing on labour if you're overdue.