Of what this government has wasted and what you owe now.
From a politically non-partisan organisation. https://www.debtclock.nz/?utm_campaign=231006_newsletter_callum&utm_medium=email&utm_source=taxpayers
Our children's children will still be paying this off.
Of what this government has wasted and what you owe now.
From a politically non-partisan organisation. https://www.debtclock.nz/?utm_campaign=231006_newsletter_callum&utm_medium=email&utm_source=taxpayers
Our children's children will still be paying this off.
Of what this government has wasted and what you owe now.
From a politically non-partisan organisation.
Our children's children will still be paying this off.https://www.debtclock.nz/?utm_campaign=231006_newsletter_callum&utm_medium=email&utm_source=taxpayers
https://worldpopulationreview.com/country-rankings/countries-by-national-debtOur children's children will still be paying for our dept. That was and still is my only point. Relativity is of little importance.
Now check out what the various global ratings agencies have to say about >indebted New Zealand's current financial stability...
On Saturday, October 7, 2023 at 10:50:31?AM UTC+13, Tony wrote:
Of what this government has wasted and what you owe now.
From a politically non-partisan organisation.
https://www.debtclock.nz/?utm_campaign=231006_newsletter_callum&utm_medium=email&utm_source=taxpayers
Our children's children will still be paying this off.
https://worldpopulationreview.com/country-rankings/countries-by-national-debt
Now check out what the various global ratings agencies have to say about indebted New Zealand's current financial stability...
Of what this government has wasted and what you owe now.
From a politically non-partisan organisation. >https://www.debtclock.nz/?utm_campaign=231006_newsletter_callum&utm_medium=email&utm_source=taxpayers
Our children's children will still be paying this off.
On Fri, 6 Oct 2023 21:50:28 -0000 (UTC), Tony
<lizandtony@orcon.net.nz> wrote:
Of what this government has wasted and what you owe now.
From a politically non-partisan organisation. >>https://www.debtclock.nz/?utm_campaign=231006_newsletter_callum&utm_medium=email&utm_source=taxpayers
Our children's children will still be paying this off.
That is correct. Using debt to fund infrastructure costs is OK in
principal, but Labour has debt-funded economy-supporting pandemic
costs.
While many will point out our indebtedness is low by international
standards, that measure in debt as a percentage of GDP. Never
mentioned is that debt repayments need to be funded by an
internationally very low number of taxpayers.
On Sun, 08 Oct 2023 17:20:05 +1300, Crash <nogood@dontbother.invalid>
wrote:
On Fri, 6 Oct 2023 21:50:28 -0000 (UTC), Tony
<lizandtony@orcon.net.nz> wrote:
Of what this government has wasted and what you owe now.
From a politically non-partisan organisation. >>>https://www.debtclock.nz/?utm_campaign=231006_newsletter_callum&utm_medium=email&utm_source=taxpayers
Our children's children will still be paying this off.
That is correct. Using debt to fund infrastructure costs is OK in >>principal, but Labour has debt-funded economy-supporting pandemic
costs.
While many will point out our indebtedness is low by international >>standards, that measure in debt as a percentage of GDP. Never
mentioned is that debt repayments need to be funded by an
internationally very low number of taxpayers.
New Zealand has low government debt in international comparisons - it
usually goes down during a Labour government and up during a National >Government. But we have relatively high private international debt - a >feature of the fashion of selling off to overseas owners by both
government and private firms . . .
On Sun, 08 Oct 2023 17:20:05 +1300, Crash <nogood@dontbother.invalid>Which does not address the topic at all.
wrote:
On Fri, 6 Oct 2023 21:50:28 -0000 (UTC), Tony
<lizandtony@orcon.net.nz> wrote:
Of what this government has wasted and what you owe now.
From a politically non-partisan organisation. >>>https://www.debtclock.nz/?utm_campaign=231006_newsletter_callum&utm_medium=email&utm_source=taxpayers
Our children's children will still be paying this off.
That is correct. Using debt to fund infrastructure costs is OK in >>principal, but Labour has debt-funded economy-supporting pandemic
costs.
While many will point out our indebtedness is low by international >>standards, that measure in debt as a percentage of GDP. Never
mentioned is that debt repayments need to be funded by an
internationally very low number of taxpayers.
New Zealand has low government debt in international comparisons - it
usually goes down during a Labour government and up during a National >Government. But we have relatively high private international debt - a >feature of the fashion of selling off to overseas owners by both
government and private firms . . .
On Sun, 08 Oct 2023 21:09:27 +1300, Rich80105 <Rich80105@hotmail.com>
wrote:
On Sun, 08 Oct 2023 17:20:05 +1300, Crash <nogood@dontbother.invalid> >>wrote:
On Fri, 6 Oct 2023 21:50:28 -0000 (UTC), Tony
<lizandtony@orcon.net.nz> wrote:
Of what this government has wasted and what you owe now.
From a politically non-partisan organisation. >>>>https://www.debtclock.nz/?utm_campaign=231006_newsletter_callum&utm_medium=email&utm_source=taxpayers
Our children's children will still be paying this off.
That is correct. Using debt to fund infrastructure costs is OK in >>>principal, but Labour has debt-funded economy-supporting pandemic
costs.
While many will point out our indebtedness is low by international >>>standards, that measure in debt as a percentage of GDP. Never
mentioned is that debt repayments need to be funded by an
internationally very low number of taxpayers.
New Zealand has low government debt in international comparisons - it >>usually goes down during a Labour government and up during a National >>Government. But we have relatively high private international debt - a >>feature of the fashion of selling off to overseas owners by both
government and private firms . . .
Did you read my post (that you responded to) - particularly the last >sentence?
On Mon, 09 Oct 2023 05:16:10 +1300, Crash <nogood@dontbother.invalid>
wrote:
On Sun, 08 Oct 2023 21:09:27 +1300, Rich80105 <Rich80105@hotmail.com> >>wrote:
On Sun, 08 Oct 2023 17:20:05 +1300, Crash <nogood@dontbother.invalid> >>>wrote:
On Fri, 6 Oct 2023 21:50:28 -0000 (UTC), Tony
<lizandtony@orcon.net.nz> wrote:
Of what this government has wasted and what you owe now.
From a politically non-partisan organisation. >>>>>https://www.debtclock.nz/?utm_campaign=231006_newsletter_callum&utm_medium=email&utm_source=taxpayers
Our children's children will still be paying this off.
That is correct. Using debt to fund infrastructure costs is OK in >>>>principal, but Labour has debt-funded economy-supporting pandemic >>>>costs.
While many will point out our indebtedness is low by international >>>>standards, that measure in debt as a percentage of GDP. Never >>>>mentioned is that debt repayments need to be funded by an >>>>internationally very low number of taxpayers.
New Zealand has low government debt in international comparisons - it >>>usually goes down during a Labour government and up during a National >>>Government. But we have relatively high private international debt - a >>>feature of the fashion of selling off to overseas owners by both >>>government and private firms . . .
Did you read my post (that you responded to) - particularly the last >>sentence?
Yes I did.
A single statistic in isolation can be surprising, but we
know there have been a number of major priorities arising from the >Key/English governments - first the pandemic confirmed that National
had neglected public health - the crisis in housing during Covid
confirmed that National had neglected (and even sold off) too much
public housing, and problems with roads confirmed that National had
neglected road maintenance (they spent nothing for two years while
putting money into Roads of National Party significance - and they
even botched those privatised projects, with large amounts of remedial
work needed on some of those new highways - and as we also know they >neglected rail at the same time).
A common saying is that a rising tide floats all boats, but National
prefer to hit the poor to benefit the wealthy - they are cutting
benefits for those most in need to help pay for tax cuts for landlords
- and are promising to cut benefits further, attacking some of those
with the highest effective marginal tax rates as benefit abatement
adds to the effective cost of income tax rates. That discredited
policy left us with large numbers of desperate people unable to afford >rentals before, but National just want to look after the wealthy . . .
Much of our current debt has gone to paying costs associated with the
Covid pandemic, which by the way still continues . . . Labour enabled >businesses to retain staff and capacity and to continue exports
through a very difficult time, and also paid the costs of vaccines and
the human covid costs, including enabling all New Zealanders to have
at least a temporary home over their heads, and reversing the results
of National selling off state houses by building more public housing
homes than any government since the 1930's depression. That has
temporarily lifted government debt, but set us on an improving
economic position, with government debt as a percentage of GDP set to
reduce over the next three years under a Labour-led government
On Mon, 09 Oct 2023 05:16:10 +1300, Crash <nogood@dontbother.invalid>Labour have been in government for 6 years and have fixed none of those things - there are no excuses for that, none whatsoever. An intolerable failure and people see that now.
wrote:
On Sun, 08 Oct 2023 21:09:27 +1300, Rich80105 <Rich80105@hotmail.com> >>wrote:
On Sun, 08 Oct 2023 17:20:05 +1300, Crash <nogood@dontbother.invalid> >>>wrote:
On Fri, 6 Oct 2023 21:50:28 -0000 (UTC), Tony
<lizandtony@orcon.net.nz> wrote:
Of what this government has wasted and what you owe now.
From a politically non-partisan organisation. >>>>>https://www.debtclock.nz/?utm_campaign=231006_newsletter_callum&utm_medium=email&utm_source=taxpayers
Our children's children will still be paying this off.
That is correct. Using debt to fund infrastructure costs is OK in >>>>principal, but Labour has debt-funded economy-supporting pandemic >>>>costs.
While many will point out our indebtedness is low by international >>>>standards, that measure in debt as a percentage of GDP. Never >>>>mentioned is that debt repayments need to be funded by an >>>>internationally very low number of taxpayers.
New Zealand has low government debt in international comparisons - it >>>usually goes down during a Labour government and up during a National >>>Government. But we have relatively high private international debt - a >>>feature of the fashion of selling off to overseas owners by both >>>government and private firms . . .
Did you read my post (that you responded to) - particularly the last >>sentence?
Yes I did. A single statistic in isolation can be surprising, but we
know there have been a number of major priorities arising from the >Key/English governments - first the pandemic confirmed that National
had neglected public health - the crisis in housing during Covid
confirmed that National had neglected (and even sold off) too much
public housing, and problems with roads confirmed that National had
neglected road maintenance (they spent nothing for two years while
putting money into Roads of National Party significance - and they
even botched those privatised projects, with large amounts of remedial
work needed on some of those new highways - and as we also know they >neglected rail at the same time).
A common saying is that a rising tide floats all boats, but National
prefer to hit the poor to benefit the wealthy - they are cutting
benefits for those most in need to help pay for tax cuts for landlords
- and are promising to cut benefits further, attacking some of those
with the highest effective marginal tax rates as benefit abatement
adds to the effective cost of income tax rates. That discredited
policy left us with large numbers of desperate people unable to afford >rentals before, but National just want to look after the wealthy . . .
Much of our current debt has gone to paying costs associated with the
Covid pandemic, which by the way still continues . . . Labour enabled >businesses to retain staff and capacity and to continue exports
through a very difficult time, and also paid the costs of vaccines and
the human covid costs, including enabling all New Zealanders to have
at least a temporary home over their heads, and reversing the results
of National selling off state houses by building more public housing
homes than any government since the 1930's depression. That has
temporarily lifted government debt, but set us on an improving
economic position, with government debt as a percentage of GDP set to
reduce over the next three years under a Labour-led government
On Saturday, October 7, 2023 at 2:49:16?PM UTC+13, Crash wrote:
On Fri, 6 Oct 2023 16:45:48 -0700 (PDT), James Christophers
<jmschri...@gmail.com> wrote:
On Saturday, October 7, 2023 at 10:50:31?AM UTC+13, Tony wrote:That's 3 years out of date...
Of what this government has wasted and what you owe now.
From a politically non-partisan organisation.
https://www.debtclock.nz/?utm_campaign=231006_newsletter_callum&utm_medium=email&utm_source=taxpayers
Our children's children will still be paying this off.
https://worldpopulationreview.com/country-rankings/countries-by-national-debt
Now check out what the various global ratings agencies have to say about indebted New Zealand's current financial stability...
One of several recently published: >https://www.rnz.co.nz/news/business/497589/new-zealand-s-economic-outlook-stable-retains-aaa-and-aa-credit-ratings
...and there are plenty of others currently chiming to the same tune. As ever, what yer creditor - any creditor - is seeking from NZ is consistency and stability.
and ignores the fact that we have very few
taxpayers to pay of the current debt.
So how can this be improved/corrected, and within what suggested time-frame?
Come to think of it, how would reducing the current levels of taxation for New Zealand's zero-productivity wealth-extracting/rentier class help to put things to rights?
On Fri, 6 Oct 2023 16:45:48 -0700 (PDT), James Christophers <jmschri...@gmail.com> wrote:
On Saturday, October 7, 2023 at 10:50:31?AM UTC+13, Tony wrote:
Of what this government has wasted and what you owe now.
From a politically non-partisan organisation.
https://www.debtclock.nz/?utm_campaign=231006_newsletter_callum&utm_medium=email&utm_source=taxpayers
Our children's children will still be paying this off.
https://worldpopulationreview.com/country-rankings/countries-by-national-debt
Now check out what the various global ratings agencies have to say about indebted New Zealand's current financial stability...That's 3 years out of date and ignores the fact that we have very few taxpayers to pay of the current debt.
--
Crash McBash
On Fri, 6 Oct 2023 16:45:48 -0700 (PDT), James Christophers <jmschri...@gmail.com> wrote:
On Saturday, October 7, 2023 at 10:50:31?AM UTC+13, Tony wrote:
Of what this government has wasted and what you owe now.
From a politically non-partisan organisation.
https://www.debtclock.nz/?utm_campaign=231006_newsletter_callum&utm_medium=email&utm_source=taxpayers
Our children's children will still be paying this off.
https://worldpopulationreview.com/country-rankings/countries-by-national-debt
Now check out what the various global ratings agencies have to say about indebted New Zealand's current financial stability...That's 3 years out of date...
and ignores the fact that we have very few
taxpayers to pay of the current debt.
On Mon, 09 Oct 2023 09:04:09 +1300, Rich80105 <Rich...@hotmail.com>
wrote:
On Mon, 09 Oct 2023 05:16:10 +1300, Crash <nog...@dontbother.invalid> >wrote:
On Sun, 08 Oct 2023 21:09:27 +1300, Rich80105 <Rich...@hotmail.com> >>wrote:
On Sun, 08 Oct 2023 17:20:05 +1300, Crash <nog...@dontbother.invalid> >>>wrote:
On Fri, 6 Oct 2023 21:50:28 -0000 (UTC), Tony >>>><lizan...@orcon.net.nz> wrote:
Of what this government has wasted and what you owe now.
From a politically non-partisan organisation. >>>>>https://www.debtclock.nz/?utm_campaign=231006_newsletter_callum&utm_medium=email&utm_source=taxpayers
Our children's children will still be paying this off.
That is correct. Using debt to fund infrastructure costs is OK in >>>>principal, but Labour has debt-funded economy-supporting pandemic >>>>costs.
While many will point out our indebtedness is low by international >>>>standards, that measure in debt as a percentage of GDP. Never >>>>mentioned is that debt repayments need to be funded by an >>>>internationally very low number of taxpayers.
New Zealand has low government debt in international comparisons - it >>>usually goes down during a Labour government and up during a National >>>Government. But we have relatively high private international debt - a >>>feature of the fashion of selling off to overseas owners by both >>>government and private firms . . .
Did you read my post (that you responded to) - particularly the last >>sentence?
Yes I did.Then why not comment on it?
A single statistic in isolation can be surprising, but we
know there have been a number of major priorities arising from the >Key/English governments - first the pandemic confirmed that National
had neglected public health - the crisis in housing during Covid
confirmed that National had neglected (and even sold off) too much
public housing, and problems with roads confirmed that National had >neglected road maintenance (they spent nothing for two years while
putting money into Roads of National Party significance - and they
even botched those privatised projects, with large amounts of remedial >work needed on some of those new highways - and as we also know they >neglected rail at the same time).
A common saying is that a rising tide floats all boats, but National >prefer to hit the poor to benefit the wealthy - they are cutting
benefits for those most in need to help pay for tax cuts for landlords
- and are promising to cut benefits further, attacking some of those
with the highest effective marginal tax rates as benefit abatement
adds to the effective cost of income tax rates. That discredited
policy left us with large numbers of desperate people unable to afford >rentals before, but National just want to look after the wealthy . . .
All the above is off topic - the OP raised the issue of the Debt Clock
and how this saddles future taxpayers with repayment and servicing
costs. What matters is what has been done or will be done - not
political history.
Much of our current debt has gone to paying costs associated with the >Covid pandemic, which by the way still continues . . . Labour enabled >businesses to retain staff and capacity and to continue exportsYou are correct - except that Labour is using debt to fund current
through a very difficult time, and also paid the costs of vaccines and
the human covid costs, including enabling all New Zealanders to have
at least a temporary home over their heads, and reversing the results
of National selling off state houses by building more public housing
homes than any government since the 1930's depression. That has >temporarily lifted government debt, but set us on an improving
economic position, with government debt as a percentage of GDP set to >reduce over the next three years under a Labour-led government
spending. Such debt is usually reserved for building new
infrastructure that future taxpayers will benefit from. It would be reasonable to fund building of new hospitals and other healthcare
facilities using debt, but all current spending should be funded from Government revenue. Labour are not doing this and neither is National.
--What I find amusing is that when National had a debt that is a small fraction of the current debt. It was Rich going on about how future generations will have to pay for it. Now it's a left wing government he doesn't have any problems with future
Crash McBash
Most potential creditors also need to see an ability to repay - ours is seriously damaged now.On Fri, 6 Oct 2023 16:45:48 -0700 (PDT), James Christophers
<jmschri...@gmail.com> wrote:
On Saturday, October 7, 2023 at 10:50:31?AM UTC+13, Tony wrote:That's 3 years out of date...
Of what this government has wasted and what you owe now.
From a politically non-partisan organisation.
https://www.debtclock.nz/?utm_campaign=231006_newsletter_callum&utm_medium=email&utm_source=taxpayers
Our children's children will still be paying this off.
https://worldpopulationreview.com/country-rankings/countries-by-national-debt
Now check out what the various global ratings agencies have to say about
indebted New Zealand's current financial stability...
One of several recently published: >https://www.rnz.co.nz/news/business/497589/new-zealand-s-economic-outlook-stable-retains-aaa-and-aa-credit-ratings
...and there are plenty of others currently chiming to the same tune. As ever, >what yer creditor - any creditor - is seeking from NZ is consistency and >stability.
and ignores the fact that we have very few
taxpayers to pay of the current debt.
So how can this be improved/corrected, and within what suggested time-frame?
Come to think of it, how would reducing the current levels of taxation for New >Zealand's zero-productivity wealth-extracting/rentier class help to put things >to rights?
On Saturday, 7 October 2023 at 14:49:16 UTC+13, Crash wrote:
On Fri, 6 Oct 2023 16:45:48 -0700 (PDT), James Christophers
<jmschri...@gmail.com> wrote:
On Saturday, October 7, 2023 at 10:50:31?AM UTC+13, Tony wrote:That's 3 years out of date and ignores the fact that we have very few
Of what this government has wasted and what you owe now.
From a politically non-partisan organisation.
https://www.debtclock.nz/?utm_campaign=231006_newsletter_callum&utm_medium=email&utm_source=taxpayers
Our children's children will still be paying this off.
https://worldpopulationreview.com/country-rankings/countries-by-national-debt
Now check out what the various global ratings agencies have to say about indebted New Zealand's current financial stability...
taxpayers to pay of the current debt.
--
Crash McBash
Indeed, and even the latest figures are still months out of date due to collection and processing delays. Robertson was only just getting started on wrecking our national finances when those numbers were current.
https://www.nzherald.co.nz/business/paul-glass-the-real-size-of-govt-debt-in-nz-stripped-of-accounting-tricks/T3YYKGRWQBANFO334PGJWJ4MRY/#:~:text=You%20can%20stop%20these%20at%20any%20time.&text=By%20signing%20up%20for%20this,billion%20or%20%2465%2C000%20per%20household.
"Successive governments had driven NZ government debt down to less than 20 per cent of GDP. That prudent approach to debt all changed with the current government which, through its two terms, has spent taxpayer money at a rate unmatched in NZ’s history.And unfortunately, looking at economic and social outcomes, so much of that expenditure, which has fuelled our rise in debt, appears to have been wasted.
In 2017, NZ’s government debt stood at $112 billion or $65,000 per household.As indeed they should have. Originally the fund was a long term
Today, excluding an accounting trick that I’ll touch on later, that debt is $224b or $115,000 per household."
So NZ debt has doubled in two terms and we have little or nothing to show for it. Robertson has pissed it away through a combination of ideology, ignorance and hubris. Our children and grandchildren will suffer the consequences.
...
"Last year, the Government restated - and reduced - NZ’s headline net debt ratio by including the large assets (about $100b) held by the NZ Superannuation Fund and other Crown entities.
This accounting trick significantly reduced NZ’s Net Debt to GDP ratio by about 20 percentage points (for example, if our net debt ratio was previously shown as 30 per cent it would now be 10 per cent) and is misleading at best. NZ, like most nations,has massive unfunded liabilities in a number of areas including infrastructure, health, education and retirement, which do not appear in our debt calculations."
On Mon, 09 Oct 2023 15:12:46 +1300, Crash <nogood@dontbother.invalid>Correction - you don't believe it - many do.
wrote:
On Sun, 8 Oct 2023 18:57:34 -0700 (PDT), James Christophers >><jmschristophers@gmail.com> wrote:
On Saturday, October 7, 2023 at 2:49:16?PM UTC+13, Crash wrote:Reserve the use of government debt for things that future generations
On Fri, 6 Oct 2023 16:45:48 -0700 (PDT), James Christophers
<jmschri...@gmail.com> wrote:
On Saturday, October 7, 2023 at 10:50:31?AM UTC+13, Tony wrote:That's 3 years out of date...
Of what this government has wasted and what you owe now.
From a politically non-partisan organisation.
https://www.debtclock.nz/?utm_campaign=231006_newsletter_callum&utm_medium=email&utm_source=taxpayers
Our children's children will still be paying this off.
https://worldpopulationreview.com/country-rankings/countries-by-national-debt
Now check out what the various global ratings agencies have to say about >>>> >indebted New Zealand's current financial stability...
One of several recently published: >>>https://www.rnz.co.nz/news/business/497589/new-zealand-s-economic-outlook-stable-retains-aaa-and-aa-credit-ratings
...and there are plenty of others currently chiming to the same tune. As >>>ever, what yer creditor - any creditor - is seeking from NZ is consistency and
stability.
and ignores the fact that we have very few
taxpayers to pay of the current debt.
So how can this be improved/corrected, and within what suggested time-frame? >>>
will be reasonably expected to pay for: new infrastructure and or
disaster recovery/mitigation.
Come to think of it, how would reducing the current levels of taxation for >>>New Zealand's zero-productivity wealth-extracting/rentier class help to put >>>things to rights?
It will not - as I have consistently advocated. Labour and National
are both advocating reduced taxation, which I oppose until government
debt is back to pre-Covid levels.
The reduction in GST is relatively small - although important for
those purchasing fruit and vegetables. The reduction in tax is nowhere
near the level proposed by NactFirst - and nobody seems to believe
that National will be able to meet the cost of those reductions with
the policies they have announced . . .
On Mon, 9 Oct 2023 03:23:55 -0000 (UTC), TonyNeither URL is relevant to my post.
<lizandtony@orcon.net.nz> wrote:
James Christophers <jmschristophers@gmail.com> wrote:You seem to have missed this url: >https://www.rnz.co.nz/news/business/497589/new-zealand-s-economic-outlook-stable-retains-aaa-and-aa-credit-ratings
On Saturday, October 7, 2023 at 2:49:16 PM UTC+13, Crash wrote:
Most potential creditors also need to see an ability to repay - ours is >>seriously damaged now.On Fri, 6 Oct 2023 16:45:48 -0700 (PDT), James Christophers
<jmschri...@gmail.com> wrote:
On Saturday, October 7, 2023 at 10:50:31?AM UTC+13, Tony wrote:
Of what this government has wasted and what you owe now.
From a politically non-partisan organisation.
Our children's children will still be paying this off.https://www.debtclock.nz/?utm_campaign=231006_newsletter_callum&utm_medium=email&utm_source=taxpayers
That's 3 years out of date...https://worldpopulationreview.com/country-rankings/countries-by-national-debt
Now check out what the various global ratings agencies have to say about >>>> >indebted New Zealand's current financial stability...
One of several recently published: >>>https://www.rnz.co.nz/news/business/497589/new-zealand-s-economic-outlook-stable-retains-aaa-and-aa-credit-ratings
...and there are plenty of others currently chiming to the same tune. As >>>ever,
what yer creditor - any creditor - is seeking from NZ is consistency and >>>stability.
and just in case you miss that one, try this: >https://www.rnz.co.nz/news/business/497589/new-zealand-s-economic-outlook-stable-retains-aaa-and-aa-credit-ratings
Who are you responding to, not me obviously.Perhaps we should do something about that - see: >https://drummondadvisors.com/en/2023/03/21/2022-international-tax-competitiveness-index-europe-has-8-of-the-top-10-in-ranking/
and ignores the fact that we have very few
taxpayers to pay of the current debt.
How would you feel for example if NZ First persuaded NAct to adopt >Australia's tax system? Or do you want to adopt something more likeWho are you asking?
Estonia or Latvia?
I am not.No comment from you on that suggestion, Tony? Why are you ignoring
So how can this be improved/corrected, and within what suggested time-frame? >>>
Come to think of it, how would reducing the current levels of taxation for >>>New
Zealand's zero-productivity wealth-extracting/rentier class help to put >>>things
to rights?
quite reasonable comments from other posters?
On Sun, 8 Oct 2023 18:16:18 -0700 (PDT), JohnO <johno1234@gmail.com>20per%20household.
wrote:
On Saturday, 7 October 2023 at 14:49:16 UTC+13, Crash wrote:
On Fri, 6 Oct 2023 16:45:48 -0700 (PDT), James Christophers
<jmschri...@gmail.com> wrote:
On Saturday, October 7, 2023 at 10:50:31?AM UTC+13, Tony wrote:That's 3 years out of date and ignores the fact that we have very few
Of what this government has wasted and what you owe now.
From a politically non-partisan organisation.
https://www.debtclock.nz/?utm_campaign=231006_newsletter_callum&utm_medium=email&utm_source=taxpayers
Our children's children will still be paying this off.
https://worldpopulationreview.com/country-rankings/countries-by-national-debt
Now check out what the various global ratings agencies have to say about >>> >indebted New Zealand's current financial stability...
taxpayers to pay of the current debt.
--
Crash McBash
Indeed, and even the latest figures are still months out of date due to >>collection and processing delays. Robertson was only just getting started on >>wrecking our national finances when those numbers were current.
Since then the Reserve bank has reported that the government finances
had improved more than had been expected.
https://www.nzherald.co.nz/business/paul-glass-the-real-size-of-govt-debt-in-nz-stripped-of-accounting-tricks/T3YYKGRWQBANFO334PGJWJ4MRY/#:~:text=You%20can%20stop%20these%20at%20any%20time.&text=By%20signing%20up%20for%20this,billion%20or%20%2465%2C000%
Just excuses. no competent government would need to make excuses but this one is not competent - so there we are!As indeed they should have. Originally the fund was a long term
"Successive governments had driven NZ government debt down to less than 20 >>per cent of GDP. That prudent approach to debt all changed with the current >>government which, through its two terms, has spent taxpayer money at a rate >>unmatched in NZ’s history. And unfortunately, looking at economic and social >>outcomes, so much of that expenditure, which has fuelled our rise in debt, >>appears to have been wasted.
In 2017, NZ’s government debt stood at $112 billion or $65,000 per household. >>
Today, excluding an accounting trick that I’ll touch on later, that debt is >>$224b or $115,000 per household."
So NZ debt has doubled in two terms and we have little or nothing to show for >>it. Robertson has pissed it away through a combination of ideology, ignorance >>and hubris. Our children and grandchildren will suffer the consequences.
...
"Last year, the Government restated - and reduced - NZ’s headline net debt >>ratio by including the large assets (about $100b) held by the NZ Superannuation
Fund and other Crown entities.
investment for the known bulge in NZ Superannuation payments expected
as the Baby Boomers reached retirement age. That time is now with us,
and we are in the period when superannuation payments are at a higher
level due to historic birth rates. Therefore the fund is now in effect
a fund for current purposes - to hold it away from government accounts
as a long term reserve is no longer appropriate.
This accounting trick significantly reduced NZ’s Net Debt to GDP ratio by >>about 20 percentage points (for example, if our net debt ratio was previously >>shown as 30 per cent it would now be 10 per cent) and is misleading at best. >>NZ, like most nations, has massive unfunded liabilities in a number of areas >>including infrastructure, health, education and retirement, which do not appear
in our debt calculations."
We are hopefully getting towards the end of the Covid pandemic period,
but we still have debt incurred during that period. It was a much more >significant event than the Global Financial Crisis (where Bill English >acknowledges that Labour had theft the countries finances in a very
good state); but we have also had a number of floods / storms which
involve people losing their houses and yet another call to rebuild
roads - again a major financial burden. Fortunately Labour had
governed well and keep GDP growing even through Covid - very very good
by international standards, as was avoiding a recession. Provided we
do not so anything stupid like reducing taxes, we should come through
well - Reserve Bank predictions (note, not those of the government
since we are in a pre-election period) is that our financial position
will improve over the next 2 to 4 years. Paul Glass is an investment >specialist who has in other Opinion pieces for The Herald (not all are
under a paywall) shown that he favours lower taxes for the wealthy,
etc, etc. - just another Nat-bot, albeit more articulate than
MikeHosking . . .
James Christophers <jmschristophers@gmail.com> wrote:You seem to have missed this url: https://www.rnz.co.nz/news/business/497589/new-zealand-s-economic-outlook-stable-retains-aaa-and-aa-credit-ratings
On Saturday, October 7, 2023 at 2:49:16 PM UTC+13, Crash wrote:
Most potential creditors also need to see an ability to repay - ours is >seriously damaged now.On Fri, 6 Oct 2023 16:45:48 -0700 (PDT), James Christophers
<jmschri...@gmail.com> wrote:
On Saturday, October 7, 2023 at 10:50:31?AM UTC+13, Tony wrote:That's 3 years out of date...
Of what this government has wasted and what you owe now.
From a politically non-partisan organisation.
https://www.debtclock.nz/?utm_campaign=231006_newsletter_callum&utm_medium=email&utm_source=taxpayers
Our children's children will still be paying this off.
https://worldpopulationreview.com/country-rankings/countries-by-national-debt
Now check out what the various global ratings agencies have to say about >>> >indebted New Zealand's current financial stability...
One of several recently published: >>https://www.rnz.co.nz/news/business/497589/new-zealand-s-economic-outlook-stable-retains-aaa-and-aa-credit-ratings
...and there are plenty of others currently chiming to the same tune. As ever,
what yer creditor - any creditor - is seeking from NZ is consistency and >>stability.
Perhaps we should do something about that - see: https://drummondadvisors.com/en/2023/03/21/2022-international-tax-competitiveness-index-europe-has-8-of-the-top-10-in-ranking/
and ignores the fact that we have very few
taxpayers to pay of the current debt.
No comment from you on that suggestion, Tony? Why are you ignoring
So how can this be improved/corrected, and within what suggested time-frame? >>
Come to think of it, how would reducing the current levels of taxation for New
Zealand's zero-productivity wealth-extracting/rentier class help to put things
to rights?
On Sun, 8 Oct 2023 18:57:34 -0700 (PDT), James Christophers ><jmschristophers@gmail.com> wrote:
On Saturday, October 7, 2023 at 2:49:16?PM UTC+13, Crash wrote:Reserve the use of government debt for things that future generations
On Fri, 6 Oct 2023 16:45:48 -0700 (PDT), James Christophers
<jmschri...@gmail.com> wrote:
On Saturday, October 7, 2023 at 10:50:31?AM UTC+13, Tony wrote:That's 3 years out of date...
Of what this government has wasted and what you owe now.
From a politically non-partisan organisation.
https://www.debtclock.nz/?utm_campaign=231006_newsletter_callum&utm_medium=email&utm_source=taxpayers
Our children's children will still be paying this off.
https://worldpopulationreview.com/country-rankings/countries-by-national-debt
Now check out what the various global ratings agencies have to say about indebted New Zealand's current financial stability...
One of several recently published: >>https://www.rnz.co.nz/news/business/497589/new-zealand-s-economic-outlook-stable-retains-aaa-and-aa-credit-ratings
...and there are plenty of others currently chiming to the same tune. As ever, what yer creditor - any creditor - is seeking from NZ is consistency and stability.
and ignores the fact that we have very few
taxpayers to pay of the current debt.
So how can this be improved/corrected, and within what suggested time-frame? >>
will be reasonably expected to pay for: new infrastructure and or
disaster recovery/mitigation.
Come to think of it, how would reducing the current levels of taxation for New Zealand's zero-productivity wealth-extracting/rentier class help to put things to rights?
It will not - as I have consistently advocated. Labour and National
are both advocating reduced taxation, which I oppose until government
debt is back to pre-Covid levels.
Rich80105 <Rich80105@hotmail.com> wrote:
On Mon, 09 Oct 2023 15:12:46 +1300, Crash <nogood@dontbother.invalid> >>wrote:Correction - you don't believe it - many do.
On Sun, 8 Oct 2023 18:57:34 -0700 (PDT), James Christophers >>><jmschristophers@gmail.com> wrote:
On Saturday, October 7, 2023 at 2:49:16?PM UTC+13, Crash wrote:Reserve the use of government debt for things that future generations >>>will be reasonably expected to pay for: new infrastructure and or >>>disaster recovery/mitigation.
On Fri, 6 Oct 2023 16:45:48 -0700 (PDT), James Christophers
<jmschri...@gmail.com> wrote:
On Saturday, October 7, 2023 at 10:50:31?AM UTC+13, Tony wrote:That's 3 years out of date...
Of what this government has wasted and what you owe now.
From a politically non-partisan organisation.
https://www.debtclock.nz/?utm_campaign=231006_newsletter_callum&utm_medium=email&utm_source=taxpayers
Our children's children will still be paying this off.
https://worldpopulationreview.com/country-rankings/countries-by-national-debt
Now check out what the various global ratings agencies have to say about >>>>> >indebted New Zealand's current financial stability...
One of several recently published: >>>>https://www.rnz.co.nz/news/business/497589/new-zealand-s-economic-outlook-stable-retains-aaa-and-aa-credit-ratings
...and there are plenty of others currently chiming to the same tune. As >>>>ever, what yer creditor - any creditor - is seeking from NZ is consistency and
stability.
and ignores the fact that we have very few
taxpayers to pay of the current debt.
So how can this be improved/corrected, and within what suggested time-frame?
Come to think of it, how would reducing the current levels of taxation for >>>>New Zealand's zero-productivity wealth-extracting/rentier class help to put >>>>things to rights?
It will not - as I have consistently advocated. Labour and National
are both advocating reduced taxation, which I oppose until government >>>debt is back to pre-Covid levels.
The reduction in GST is relatively small - although important for
those purchasing fruit and vegetables. The reduction in tax is nowhere
near the level proposed by NactFirst - and nobody seems to believe
that National will be able to meet the cost of those reductions with
the policies they have announced . . .
On Mon, 9 Oct 2023 05:47:48 -0000 (UTC), Tony
<lizandtony@orcon.net.nz> wrote:
Rich80105 <Rich80105@hotmail.com> wrote:
On Mon, 09 Oct 2023 15:12:46 +1300, Crash <nogood@dontbother.invalid> >>>wrote:Correction - you don't believe it - many do.
On Sun, 8 Oct 2023 18:57:34 -0700 (PDT), James Christophers >>>><jmschristophers@gmail.com> wrote:
On Saturday, October 7, 2023 at 2:49:16?PM UTC+13, Crash wrote:Reserve the use of government debt for things that future generations >>>>will be reasonably expected to pay for: new infrastructure and or >>>>disaster recovery/mitigation.
On Fri, 6 Oct 2023 16:45:48 -0700 (PDT), James Christophers
<jmschri...@gmail.com> wrote:
On Saturday, October 7, 2023 at 10:50:31?AM UTC+13, Tony wrote:
Of what this government has wasted and what you owe now.
From a politically non-partisan organisation.
Our children's children will still be paying this off.https://www.debtclock.nz/?utm_campaign=231006_newsletter_callum&utm_medium=email&utm_source=taxpayers
That's 3 years out of date...https://worldpopulationreview.com/country-rankings/countries-by-national-debt
Now check out what the various global ratings agencies have to say >>>>>> >about
indebted New Zealand's current financial stability...
One of several recently published: >>>>>https://www.rnz.co.nz/news/business/497589/new-zealand-s-economic-outlook-stable-retains-aaa-and-aa-credit-ratings
...and there are plenty of others currently chiming to the same tune. As >>>>>ever, what yer creditor - any creditor - is seeking from NZ is consistency >>>>>and
stability.
and ignores the fact that we have very few
taxpayers to pay of the current debt.
So how can this be improved/corrected, and within what suggested >>>>>time-frame?
Come to think of it, how would reducing the current levels of taxation for >>>>>New Zealand's zero-productivity wealth-extracting/rentier class help to >>>>>put
things to rights?
It will not - as I have consistently advocated. Labour and National >>>>are both advocating reduced taxation, which I oppose until government >>>>debt is back to pre-Covid levels.
The reduction in GST is relatively small - although important for
those purchasing fruit and vegetables. The reduction in tax is nowhere >>>near the level proposed by NactFirst - and nobody seems to believe
that National will be able to meet the cost of those reductions with
the policies they have announced . . .
You are Right, Tony
- with the influence of Trumpism dead and almost buried,That is you to a T.
and with the Taxpayer Union (an independent) removing disinformation
there are a lot of deluded
people who will believe a lot of nonsense
Rich80105 <Rich80105@hotmail.com> wrote:
On Mon, 9 Oct 2023 05:47:48 -0000 (UTC), Tony
<lizandtony@orcon.net.nz> wrote:
Rich80105 <Rich80105@hotmail.com> wrote:
On Mon, 09 Oct 2023 15:12:46 +1300, Crash <nogood@dontbother.invalid> >>>>wrote:Correction - you don't believe it - many do.
On Sun, 8 Oct 2023 18:57:34 -0700 (PDT), James Christophers >>>>><jmschristophers@gmail.com> wrote:
On Saturday, October 7, 2023 at 2:49:16?PM UTC+13, Crash wrote:Reserve the use of government debt for things that future generations >>>>>will be reasonably expected to pay for: new infrastructure and or >>>>>disaster recovery/mitigation.
On Fri, 6 Oct 2023 16:45:48 -0700 (PDT), James Christophers
<jmschri...@gmail.com> wrote:
On Saturday, October 7, 2023 at 10:50:31?AM UTC+13, Tony wrote: >>>>>>> >> Of what this government has wasted and what you owe now.
From a politically non-partisan organisation.
Our children's children will still be paying this off.https://www.debtclock.nz/?utm_campaign=231006_newsletter_callum&utm_medium=email&utm_source=taxpayers
That's 3 years out of date...https://worldpopulationreview.com/country-rankings/countries-by-national-debt
Now check out what the various global ratings agencies have to say >>>>>>> >about
indebted New Zealand's current financial stability...
One of several recently published: >>>>>>https://www.rnz.co.nz/news/business/497589/new-zealand-s-economic-outlook-stable-retains-aaa-and-aa-credit-ratings
...and there are plenty of others currently chiming to the same tune. As >>>>>>ever, what yer creditor - any creditor - is seeking from NZ is consistency
and
stability.
and ignores the fact that we have very few
taxpayers to pay of the current debt.
So how can this be improved/corrected, and within what suggested >>>>>>time-frame?
Come to think of it, how would reducing the current levels of taxation for
New Zealand's zero-productivity wealth-extracting/rentier class help to >>>>>>put
things to rights?
It will not - as I have consistently advocated. Labour and National >>>>>are both advocating reduced taxation, which I oppose until government >>>>>debt is back to pre-Covid levels.
The reduction in GST is relatively small - although important for
those purchasing fruit and vegetables. The reduction in tax is nowhere >>>>near the level proposed by NactFirst - and nobody seems to believe
that National will be able to meet the cost of those reductions with >>>>the policies they have announced . . .
You are Right, Tony
No you are wrong.
- with the influence of Trumpism dead and almost buried,That is you to a T.
and with the Taxpayer Union (an independent) removing disinformation
there are a lot of deluded
people who will believe a lot of nonsense
On Mon, 9 Oct 2023 17:34:24 -0000 (UTC), TonyRich. Political adds are supposed to be authorised by the party! You're in breach of electoral with your unpaid political broadcasts! But no surprises from a twit who's so far left he's lost track of reality!
<lizan...@orcon.net.nz> wrote:
Rich80105 <Rich...@hotmail.com> wrote:
On Mon, 9 Oct 2023 05:47:48 -0000 (UTC), Tony
<lizan...@orcon.net.nz> wrote:
Rich80105 <Rich...@hotmail.com> wrote:
On Mon, 09 Oct 2023 15:12:46 +1300, Crash <nog...@dontbother.invalid> >>>>wrote:Correction - you don't believe it - many do.
On Sun, 8 Oct 2023 18:57:34 -0700 (PDT), James Christophers >>>>><jmschri...@gmail.com> wrote:
On Saturday, October 7, 2023 at 2:49:16?PM UTC+13, Crash wrote: >>>>>>> On Fri, 6 Oct 2023 16:45:48 -0700 (PDT), James ChristophersReserve the use of government debt for things that future generations >>>>>will be reasonably expected to pay for: new infrastructure and or >>>>>disaster recovery/mitigation.
<jmschri...@gmail.com> wrote:
On Saturday, October 7, 2023 at 10:50:31?AM UTC+13, Tony wrote: >>>>>>> >> Of what this government has wasted and what you owe now.
From a politically non-partisan organisation.
Our children's children will still be paying this off.https://www.debtclock.nz/?utm_campaign=231006_newsletter_callum&utm_medium=email&utm_source=taxpayers
That's 3 years out of date...https://worldpopulationreview.com/country-rankings/countries-by-national-debt
Now check out what the various global ratings agencies have to say >>>>>>> >about
indebted New Zealand's current financial stability...
One of several recently published: >>>>>>https://www.rnz.co.nz/news/business/497589/new-zealand-s-economic-outlook-stable-retains-aaa-and-aa-credit-ratings
...and there are plenty of others currently chiming to the same tune. As
ever, what yer creditor - any creditor - is seeking from NZ is consistency
and
stability.
and ignores the fact that we have very few
taxpayers to pay of the current debt.
So how can this be improved/corrected, and within what suggested >>>>>>time-frame?
Come to think of it, how would reducing the current levels of taxation for
New Zealand's zero-productivity wealth-extracting/rentier class help to
put
things to rights?
It will not - as I have consistently advocated. Labour and National >>>>>are both advocating reduced taxation, which I oppose until government >>>>>debt is back to pre-Covid levels.
The reduction in GST is relatively small - although important for >>>>those purchasing fruit and vegetables. The reduction in tax is nowhere >>>>near the level proposed by NactFirst - and nobody seems to believe >>>>that National will be able to meet the cost of those reductions with >>>>the policies they have announced . . .
You are Right, Tony
No you are wrong.
- with the influence of Trumpism dead and almost buried,That is you to a T.
and with the Taxpayer Union (an independent) removing disinformation
there are a lot of deluded
people who will believe a lot of nonsense
Your willingness to commit libel rather than honestly responding to an opinion that you clearly do not share merely reinforces the essential dishonesty in many who support the far right in the current election.
Your lack of understanding, your dishonesty, and your inability to
cope with truths you do not like are evident, but they do not excuse
your misrepresentation of a post from another. As you know, usenet
enables that dishonesty to be identified relatively easily, but it is important that such dishonesty is called out quickly. You know that
what I posted was not your mangled pretend post above, but:
"You are Right, Tony - with the influence of Trumpism alive and well,
and with the Taxpayer Union (a NAct front) assisting disinformation
groups such as "Counterspin" and others, there are a lot of deluded
people who will believe a lot of nonsense - they compete to gain
support from racists, anti-vaxxers, climate change deniers, and
deluded senile "true blues'' who have no idea what they are voting
for. Seymour and Peters compete for much the same people, while Luxon
is seen as the NZ equivalent of Trump. Money is no object, making
sense is not expected; at times I expect you realise all that, but
perhaps my statement should have said that only nobodies believe that National will be able to meet the cost of their tax reductions for the wealthy with the policies they have announced. after all, what could
happen when they find out? Obviously Luxon will sell off some more government operations at low cost to those with the money, locking New Zealanders into paying higher costs to support more cartel profits
along the lines of the electricity generation industry."
Rich80105 <Rich80105@hotmail.com> wrote:
On Mon, 9 Oct 2023 17:34:24 -0000 (UTC), TonyAs above.
<lizandtony@orcon.net.nz> wrote:
Rich80105 <Rich80105@hotmail.com> wrote:
On Mon, 9 Oct 2023 05:47:48 -0000 (UTC), Tony
<lizandtony@orcon.net.nz> wrote:
Rich80105 <Rich80105@hotmail.com> wrote:
On Mon, 09 Oct 2023 15:12:46 +1300, Crash <nogood@dontbother.invalid> >>>>>>wrote:Correction - you don't believe it - many do.
On Sun, 8 Oct 2023 18:57:34 -0700 (PDT), James Christophers >>>>>>><jmschristophers@gmail.com> wrote:
On Saturday, October 7, 2023 at 2:49:16?PM UTC+13, Crash wrote: >>>>>>>>> On Fri, 6 Oct 2023 16:45:48 -0700 (PDT), James ChristophersReserve the use of government debt for things that future generations >>>>>>>will be reasonably expected to pay for: new infrastructure and or >>>>>>>disaster recovery/mitigation.
<jmschri...@gmail.com> wrote:
On Saturday, October 7, 2023 at 10:50:31?AM UTC+13, Tony wrote: >>>>>>>>> >> Of what this government has wasted and what you owe now.
From a politically non-partisan organisation.
Our children's children will still be paying this off.https://www.debtclock.nz/?utm_campaign=231006_newsletter_callum&utm_medium=email&utm_source=taxpayers
That's 3 years out of date...https://worldpopulationreview.com/country-rankings/countries-by-national-debt
Now check out what the various global ratings agencies have to say >>>>>>>>> >about
indebted New Zealand's current financial stability...
One of several recently published: >>>>>>>>https://www.rnz.co.nz/news/business/497589/new-zealand-s-economic-outlook-stable-retains-aaa-and-aa-credit-ratings
...and there are plenty of others currently chiming to the same tune. As
ever, what yer creditor - any creditor - is seeking from NZ is >>>>>>>>consistency
and
stability.
and ignores the fact that we have very few
taxpayers to pay of the current debt.
So how can this be improved/corrected, and within what suggested >>>>>>>>time-frame?
Come to think of it, how would reducing the current levels of taxation >>>>>>>>for
New Zealand's zero-productivity wealth-extracting/rentier class help to >>>>>>>>put
things to rights?
It will not - as I have consistently advocated. Labour and National >>>>>>>are both advocating reduced taxation, which I oppose until government >>>>>>>debt is back to pre-Covid levels.
The reduction in GST is relatively small - although important for >>>>>>those purchasing fruit and vegetables. The reduction in tax is nowhere >>>>>>near the level proposed by NactFirst - and nobody seems to believe >>>>>>that National will be able to meet the cost of those reductions with >>>>>>the policies they have announced . . .
You are Right, Tony
No you are wrong.
- with the influence of Trumpism dead and almost buried,That is you to a T.
and with the Taxpayer Union (an independent) removing disinformation
there are a lot of deluded
people who will believe a lot of nonsense
Do you really expect people to interface with your infantile sarcasm? if so >then please feel free to piss off.
On Mon, 9 Oct 2023 17:34:24 -0000 (UTC), TonyAs above.
<lizandtony@orcon.net.nz> wrote:
Rich80105 <Rich80105@hotmail.com> wrote:
On Mon, 9 Oct 2023 05:47:48 -0000 (UTC), Tony
<lizandtony@orcon.net.nz> wrote:
Rich80105 <Rich80105@hotmail.com> wrote:
On Mon, 09 Oct 2023 15:12:46 +1300, Crash <nogood@dontbother.invalid> >>>>>wrote:Correction - you don't believe it - many do.
On Sun, 8 Oct 2023 18:57:34 -0700 (PDT), James Christophers >>>>>><jmschristophers@gmail.com> wrote:
On Saturday, October 7, 2023 at 2:49:16?PM UTC+13, Crash wrote:Reserve the use of government debt for things that future generations >>>>>>will be reasonably expected to pay for: new infrastructure and or >>>>>>disaster recovery/mitigation.
On Fri, 6 Oct 2023 16:45:48 -0700 (PDT), James Christophers
<jmschri...@gmail.com> wrote:
On Saturday, October 7, 2023 at 10:50:31?AM UTC+13, Tony wrote: >>>>>>>> >> Of what this government has wasted and what you owe now.
From a politically non-partisan organisation.
Our children's children will still be paying this off.https://www.debtclock.nz/?utm_campaign=231006_newsletter_callum&utm_medium=email&utm_source=taxpayers
That's 3 years out of date...https://worldpopulationreview.com/country-rankings/countries-by-national-debt
Now check out what the various global ratings agencies have to say >>>>>>>> >about
indebted New Zealand's current financial stability...
One of several recently published: >>>>>>>https://www.rnz.co.nz/news/business/497589/new-zealand-s-economic-outlook-stable-retains-aaa-and-aa-credit-ratings
...and there are plenty of others currently chiming to the same tune. As >>>>>>>ever, what yer creditor - any creditor - is seeking from NZ is >>>>>>>consistency
and
stability.
and ignores the fact that we have very few
taxpayers to pay of the current debt.
So how can this be improved/corrected, and within what suggested >>>>>>>time-frame?
Come to think of it, how would reducing the current levels of taxation >>>>>>>for
New Zealand's zero-productivity wealth-extracting/rentier class help to >>>>>>>put
things to rights?
It will not - as I have consistently advocated. Labour and National >>>>>>are both advocating reduced taxation, which I oppose until government >>>>>>debt is back to pre-Covid levels.
The reduction in GST is relatively small - although important for >>>>>those purchasing fruit and vegetables. The reduction in tax is nowhere >>>>>near the level proposed by NactFirst - and nobody seems to believe >>>>>that National will be able to meet the cost of those reductions with >>>>>the policies they have announced . . .
You are Right, Tony
No you are wrong.
- with the influence of Trumpism dead and almost buried,That is you to a T.
and with the Taxpayer Union (an independent) removing disinformation
there are a lot of deluded
people who will believe a lot of nonsense
On Mon, 9 Oct 2023 22:46:14 -0000 (UTC), TonyNonsense. Not libel, there is no such thing in New Zealand.
<lizandtony@orcon.net.nz> wrote:
Rich80105 <Rich80105@hotmail.com> wrote:
On Mon, 9 Oct 2023 17:34:24 -0000 (UTC), TonyAs above.
<lizandtony@orcon.net.nz> wrote:
Rich80105 <Rich80105@hotmail.com> wrote:
On Mon, 9 Oct 2023 05:47:48 -0000 (UTC), Tony >>>>><lizandtony@orcon.net.nz> wrote:
Rich80105 <Rich80105@hotmail.com> wrote:
On Mon, 09 Oct 2023 15:12:46 +1300, Crash <nogood@dontbother.invalid> >>>>>>>wrote:Correction - you don't believe it - many do.
On Sun, 8 Oct 2023 18:57:34 -0700 (PDT), James Christophers >>>>>>>><jmschristophers@gmail.com> wrote:
On Saturday, October 7, 2023 at 2:49:16?PM UTC+13, Crash wrote: >>>>>>>>>> On Fri, 6 Oct 2023 16:45:48 -0700 (PDT), James Christophers >>>>>>>>>> <jmschri...@gmail.com> wrote:Reserve the use of government debt for things that future generations >>>>>>>>will be reasonably expected to pay for: new infrastructure and or >>>>>>>>disaster recovery/mitigation.
On Saturday, October 7, 2023 at 10:50:31?AM UTC+13, Tony wrote: >>>>>>>>>> >> Of what this government has wasted and what you owe now. >>>>>>>>>> >> From a politically non-partisan organisation.
Our children's children will still be paying this off.https://www.debtclock.nz/?utm_campaign=231006_newsletter_callum&utm_medium=email&utm_source=taxpayers
That's 3 years out of date...https://worldpopulationreview.com/country-rankings/countries-by-national-debt
Now check out what the various global ratings agencies have to say >>>>>>>>>> >about
indebted New Zealand's current financial stability...
One of several recently published: >>>>>>>>>https://www.rnz.co.nz/news/business/497589/new-zealand-s-economic-outlook-stable-retains-aaa-and-aa-credit-ratings
...and there are plenty of others currently chiming to the same tune. >>>>>>>>>As
ever, what yer creditor - any creditor - is seeking from NZ is >>>>>>>>>consistency
and
stability.
and ignores the fact that we have very few
taxpayers to pay of the current debt.
So how can this be improved/corrected, and within what suggested >>>>>>>>>time-frame?
Come to think of it, how would reducing the current levels of taxation >>>>>>>>>for
New Zealand's zero-productivity wealth-extracting/rentier class help >>>>>>>>>to
put
things to rights?
It will not - as I have consistently advocated. Labour and National >>>>>>>>are both advocating reduced taxation, which I oppose until government >>>>>>>>debt is back to pre-Covid levels.
The reduction in GST is relatively small - although important for >>>>>>>those purchasing fruit and vegetables. The reduction in tax is nowhere >>>>>>>near the level proposed by NactFirst - and nobody seems to believe >>>>>>>that National will be able to meet the cost of those reductions with >>>>>>>the policies they have announced . . .
You are Right, Tony
No you are wrong.
- with the influence of Trumpism dead and almost buried,That is you to a T.
and with the Taxpayer Union (an independent) removing disinformation
there are a lot of deluded
people who will believe a lot of nonsense
Do you really expect people to interface with your infantile sarcasm? if so >>then please feel free to piss off.
Your action in amending a post by another poster to say something that
you knew was contrary to the stated views is libelous
On Sun, 8 Oct 2023 18:57:34 -0700 (PDT), James Christophers
<jmschristophers@gmail.com> wrote:
On Saturday, October 7, 2023 at 2:49:16?PM UTC+13, Crash wrote:Reserve the use of government debt for things that future generations
On Fri, 6 Oct 2023 16:45:48 -0700 (PDT), James Christophers
<jmschri...@gmail.com> wrote:
On Saturday, October 7, 2023 at 10:50:31?AM UTC+13, Tony wrote:That's 3 years out of date...
Of what this government has wasted and what you owe now.
From a politically non-partisan organisation.
https://www.debtclock.nz/?utm_campaign=231006_newsletter_callum&utm_medium=email&utm_source=taxpayers
Our children's children will still be paying this off.
https://worldpopulationreview.com/country-rankings/countries-by-national-debt
Now check out what the various global ratings agencies have to say about indebted New Zealand's current financial stability...
One of several recently published: >>https://www.rnz.co.nz/news/business/497589/new-zealand-s-economic-outlook-stable-retains-aaa-and-aa-credit-ratings
...and there are plenty of others currently chiming to the same tune. As ever, what yer creditor - any creditor - is seeking from NZ is consistency and stability.
and ignores the fact that we have very few
taxpayers to pay of the current debt.
So how can this be improved/corrected, and within what suggested time-frame? >>
will be reasonably expected to pay for: new infrastructure and or
disaster recovery/mitigation.
Come to think of it, how would reducing the current levels of taxation for New Zealand's zero-productivity wealth-extracting/rentier class help to put things to rights?
It will not - as I have consistently advocated. Labour and National
are both advocating reduced taxation, which I oppose until government
debt is back to pre-Covid levels.
On Mon, 9 Oct 2023 05:47:48 -0000 (UTC), Tony
<lizandtony@orcon.net.nz> wrote:
Rich80105 <Rich80105@hotmail.com> wrote:
On Mon, 09 Oct 2023 15:12:46 +1300, Crash <nogood@dontbother.invalid> >>>wrote:Correction - you don't believe it - many do.
On Sun, 8 Oct 2023 18:57:34 -0700 (PDT), James Christophers >>>><jmschristophers@gmail.com> wrote:
On Saturday, October 7, 2023 at 2:49:16?PM UTC+13, Crash wrote:Reserve the use of government debt for things that future generations >>>>will be reasonably expected to pay for: new infrastructure and or >>>>disaster recovery/mitigation.
On Fri, 6 Oct 2023 16:45:48 -0700 (PDT), James Christophers
<jmschri...@gmail.com> wrote:
On Saturday, October 7, 2023 at 10:50:31?AM UTC+13, Tony wrote:That's 3 years out of date...
Of what this government has wasted and what you owe now.
From a politically non-partisan organisation.
https://www.debtclock.nz/?utm_campaign=231006_newsletter_callum&utm_medium=email&utm_source=taxpayers
Our children's children will still be paying this off.
https://worldpopulationreview.com/country-rankings/countries-by-national-debt
Now check out what the various global ratings agencies have to say about
indebted New Zealand's current financial stability...
One of several recently published: >>>>>https://www.rnz.co.nz/news/business/497589/new-zealand-s-economic-outlook-stable-retains-aaa-and-aa-credit-ratings
...and there are plenty of others currently chiming to the same tune. As >>>>>ever, what yer creditor - any creditor - is seeking from NZ is consistency and
stability.
and ignores the fact that we have very few
taxpayers to pay of the current debt.
So how can this be improved/corrected, and within what suggested time-frame?
Come to think of it, how would reducing the current levels of taxation for >>>>>New Zealand's zero-productivity wealth-extracting/rentier class help to put
things to rights?
It will not - as I have consistently advocated. Labour and National >>>>are both advocating reduced taxation, which I oppose until government >>>>debt is back to pre-Covid levels.
The reduction in GST is relatively small - although important for
those purchasing fruit and vegetables. The reduction in tax is nowhere >>>near the level proposed by NactFirst - and nobody seems to believe
that National will be able to meet the cost of those reductions with
the policies they have announced . . .
You are Right, Tony - with the influence of Trumpism alive and well,
and with the Taxpayer Union (a NAct front) assisting disinformation
groups such as "Counterspin" and others, there are a lot of deluded
people who will believe a lot of nonsense - they compete to gain
support from racists, anti-vaxxers, climate change deniers, and
deluded senile "true blues'' who have no idea what they are voting
for. Seymour and Peters compete for much the same people, while Luxon
is seen as the NZ equivalent of Trump. Money is no object, making
sense is not expected; at times I expect you realise all that, but
perhaps my statement should have said that only nobodies believe that National will be able to meet the cost of their tax reductions for the wealthy with the policies they have announced. after all, what could
happen when they find out? Obviously Luxon will sell off some more
government operations at low cost to those with the money, locking New Zealanders into paying higher costs to support more cartel profits
along the lines of the electricity generation industry.
On Mon, 9 Oct 2023 03:23:55 -0000 (UTC), Tony
<lizandtony@orcon.net.nz> wrote:
James Christophers <jmschristophers@gmail.com> wrote:You seem to have missed this url: https://www.rnz.co.nz/news/business/497589/new-zealand-s-economic-outlook-stable-retains-aaa-and-aa-credit-ratings
On Saturday, October 7, 2023 at 2:49:16 PM UTC+13, Crash wrote:
Most potential creditors also need to see an ability to repay - ours is >>seriously damaged now.On Fri, 6 Oct 2023 16:45:48 -0700 (PDT), James Christophers
<jmschri...@gmail.com> wrote:
On Saturday, October 7, 2023 at 10:50:31?AM UTC+13, Tony wrote:That's 3 years out of date...
Of what this government has wasted and what you owe now.
From a politically non-partisan organisation.
https://www.debtclock.nz/?utm_campaign=231006_newsletter_callum&utm_medium=email&utm_source=taxpayers
Our children's children will still be paying this off.
https://worldpopulationreview.com/country-rankings/countries-by-national-debt
Now check out what the various global ratings agencies have to say about >>>> >indebted New Zealand's current financial stability...
One of several recently published: >>>https://www.rnz.co.nz/news/business/497589/new-zealand-s-economic-outlook-stable-retains-aaa-and-aa-credit-ratings
...and there are plenty of others currently chiming to the same tune. As ever,
what yer creditor - any creditor - is seeking from NZ is consistency and >>>stability.
and just in case you miss that one, try this: https://www.rnz.co.nz/news/business/497589/new-zealand-s-economic-outlook-stable-retains-aaa-and-aa-credit-ratings
Perhaps we should do something about that - see: https://drummondadvisors.com/en/2023/03/21/2022-international-tax-competitiveness-index-europe-has-8-of-the-top-10-in-ranking/
and ignores the fact that we have very few
taxpayers to pay of the current debt.
How would you feel for example if NZ First persuaded NAct to adopt Australia's tax system? Or do you want to adopt something more like
Estonia or Latvia?
No comment from you on that suggestion, Tony? Why are you ignoring
So how can this be improved/corrected, and within what suggested time-frame? >>>
Come to think of it, how would reducing the current levels of taxation for New
Zealand's zero-productivity wealth-extracting/rentier class help to put things
to rights?
quite reasonable comments from other posters?
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