The Nicola Willis budget

[harm_less]

And Labour's stewardship was in turn addressing 9 years of social spending neglect by the Key government. It's disappointing to say the least to see Luxon & his clownshow doing their level best to revisit the inequities of the Key era. It seems they are doing their best to become a single term (or less) government.

We can only hope. Luxon does faintly remind me of Key, in the way he speaks. Both are skilled at avoiding things while using lots of words to appear to be saying something on the subject.

Commonly referred to as 'corporate jargon' specifically designed to be as difficult to decipher as possible in order to disguise its lack of substance.

[Lilith7]

We can only hope. Luxon does faintly remind me of Key, in the way he speaks. Both are skilled at avoiding things while using lots of words to appear to be saying something on the subject.

Commonly referred to as 'corporate jargon' specifically designed to be as difficult to decipher as possible in order to disguise its lack of substance.

At the rate this is happening in politics, it might not be a bad move if we were to rquire all MP's to use plain speech at all times...


Politicians around the world are known for their deviousness, & our delightful govt has just shown itself to excel in that area. They've just repealed the Taxation Principles Reporting bill which means that now Inland revenue won't after all have to report on how the taxation system is working - including tax avoidance.



https://www.stuff.co.nz/national/politic...er-urgency

"The first report was due out at the end of this year, just days away.

The Labour and Green parties mounted what Revenue Minister Simon Watts noted was an impassioned defence of the act. He said they must have a few coffees as debate about his bill continued throughout Thursday. It was the last bill the Government wanted to pass before Christmas.

Green co-leader James Shaw suggested in Parliament the Government was using urgency to repeal that reporting act because donors to governing parties did not want the reports to be published.

“They don't want New Zealanders to know how little tax they're paying in comparison to the average New Zealander,” he later said.

Attorney General Judith Collins said Shaw’s suggestion was wrong, and said he was out of order.

Labour and Green MPs noted the IRD’s report had likely already been written, so questioned why the act needed to be repealed under urgency."

[C_T_Russell]

And Willis is still harping on about how bad a state Labour left our economy in. Was she away for PREFU day, or is she just so economically illiterate that she didn't comprehend the information being presented?.

As every day goes by Luxon's government looks to have no real strategy other than to cut and burn everything Labour had put in place with no clear policies other than to pilfer coffers that were destined for real social and environmental good. Arseholes!

It's because labour withheld alot of information publicly,  that's why.
Not surprised, but you seem to be.
The fiscal risks were never made public.
More info here, hard to believe anyone could defend the clowns that were blowing money left right and centre.
https://www.taxpayers.org.nz/tags/economic_update

[Lilith7]

And Willis is still harping on about how bad a state Labour left our economy in. Was she away for PREFU day, or is she just so economically illiterate that she didn't comprehend the information being presented?.

As every day goes by Luxon's government looks to have no real strategy other than to cut and burn everything Labour had put in place with no clear policies other than to pilfer coffers that were destined for real social and environmental good. Arseholes!

It's because labour withheld alot of information publicly,  that's why.
Not surprised, but you seem to be.
The fiscal risks were never made public.
More info here, hard to believe anyone could defend the clowns that were blowing money left right and centre.
https://www.taxpayers.org.nz/tags/economic_update

And they're the very first NZ Govt to ever do that, too...


Oh..wait...

[harm_less]

And Willis is still harping on about how bad a state Labour left our economy in. Was she away for PREFU day, or is she just so economically illiterate that she didn't comprehend the information being presented?.

As every day goes by Luxon's government looks to have no real strategy other than to cut and burn everything Labour had put in place with no clear policies other than to pilfer coffers that were destined for real social and environmental good. Arseholes!

It's because labour withheld alot of information publicly,  that's why.
Not surprised, but you seem to be.
The fiscal risks were never made public.
More info here, hard to believe anyone could defend the clowns that were blowing money left right and centre.
https://www.taxpayers.org.nz/tags/economic_update

My surprise is that Willis wasn't financially knowledgeable enough to be able to access, or comprehend, the information that was available via the RBNZ. She seems hardly capable of putting a spreadsheet together leave alone be in charge of New Zealand's financial management.

Her unwavering pursuit of tax breaks in a climate of economic disaster seems incongruous to say the least and a nonsensical if not dishonest approach for finance minister. If the books are in such bad shape then why is she still hellbent on giving (retrospective) tax cuts to landlords? If you're in the shit debt wise the last thing you should be prioritising is further depleting your coffers.

We have a lot of economic hits to expect from this government going into 2024 as they try to engineer a surplus while shovelling money out to their various election campaign benefactors. Expect to see further infrastructure projects being halted (Interisland ferries, hospital upgrades, employment support strategies, local body projects, CCD scheme), inflationary policies (rent increases, rates rises, RUC rollout over all vehicles, added bureaucracy as they implement enquiries into various project viability) and a general degrading of environmental and climate measures and the funds previously put in place for these reasons. Our international credibility will also suffer as the coalitions patchwork of political intentions are implemented and we become viewed as an environmental and primary producer basket case.

[C_T_Russell]

It's because labour withheld alot of information publicly,  that's why.
Not surprised, but you seem to be.
The fiscal risks were never made public.
More info here, hard to believe anyone could defend the clowns that were blowing money left right and centre.
https://www.taxpayers.org.nz/tags/economic_update

And they're the very first NZ Govt to ever do that, too...


Oh..wait...

That's why I don't vote labour or national

[Lilith7]

And they're the very first NZ Govt to ever do that, too...


Oh..wait...

That's why I don't vote labour or national

I strongly suspect that if you actually expect this - or any - govt to not waste funding, then you may be in for a fairly nasty surprise in the not too distant future.