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More good news for National's scintillating stewardship of the NZ
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-Newsman-
Jul 31, 2012, 7:50:38 PM7/31/12
to
Something like 70% of Kiwi households are cutting back on
discretionary spending, generously reducing the level of GST returns
to the government coffers.
At the same time, they are turning their backs on shareholding in the
productive sector, greatly preferring zero-productivity CGT-free
speculation and the security of bank deposits.
Meanwhile, our worsening annual deficit mainly reflects fatter profits
earned in New Zealand by Australian banks.
Way to go, National - that's the way to grow the economy!
discretionary spending, generously reducing the level of GST returns
to the government coffers.
At the same time, they are turning their backs on shareholding in the
productive sector, greatly preferring zero-productivity CGT-free
speculation and the security of bank deposits.
Meanwhile, our worsening annual deficit mainly reflects fatter profits
earned in New Zealand by Australian banks.
Way to go, National - that's the way to grow the economy!
BR
Aug 1, 2012, 1:50:37 AM8/1/12
to
On Tue, 31 Jul 2012 23:50:38 GMT, sla...@hotmail.com (-Newsman-)
wrote:
>Something like 70% of Kiwi households are cutting back on
>discretionary spending, generously reducing the level of GST returns
>to the government coffers.
Increasing the amount of money in the government coffers should never
be an objective of governemnt economic policy. If the tax revenue is
reducing, then government spending should also reduce.
>At the same time, they are turning their backs on shareholding in the
>productive sector, greatly preferring zero-productivity CGT-free
>speculation and the security of bank deposits.
If the government wants more investment in the productive sector, they
should tax productive investment less and thus make such investment
more attractive. Further taxation on investments that the government
does not approve of will not help the productive sector one iota.
>Meanwhile, our worsening annual deficit mainly reflects fatter profits
>earned in New Zealand by Australian banks.
Who cares how much money the aussie banks earn? One can vent one's
disapproval of a financial institution by simply not dealing with
them, and if enough people feel the same way, they will either change
their ways or pack up their tents and leave; something I expect you
would welcome.
>Way to go, National - that's the way to grow the economy!
National are gutless. They won't sack the waste-of-time overpaid
government bureuacrats. In one sense I can't blame them. Most of the
useless, unproductive and obstructive bureaucrats (and there are a lot
of them) would never vote themselves out of their cushy overpaid jobs.
National should throw them under the bus anyway. Most of those
employed in the public sector wouldn't vote National under any
circumstances. Like I said, National are gutless.
Bill.
wrote:
>Something like 70% of Kiwi households are cutting back on
>discretionary spending, generously reducing the level of GST returns
>to the government coffers.
be an objective of governemnt economic policy. If the tax revenue is
reducing, then government spending should also reduce.
>At the same time, they are turning their backs on shareholding in the
>productive sector, greatly preferring zero-productivity CGT-free
>speculation and the security of bank deposits.
should tax productive investment less and thus make such investment
more attractive. Further taxation on investments that the government
does not approve of will not help the productive sector one iota.
>Meanwhile, our worsening annual deficit mainly reflects fatter profits
>earned in New Zealand by Australian banks.
disapproval of a financial institution by simply not dealing with
them, and if enough people feel the same way, they will either change
their ways or pack up their tents and leave; something I expect you
would welcome.
>Way to go, National - that's the way to grow the economy!
government bureuacrats. In one sense I can't blame them. Most of the
useless, unproductive and obstructive bureaucrats (and there are a lot
of them) would never vote themselves out of their cushy overpaid jobs.
National should throw them under the bus anyway. Most of those
employed in the public sector wouldn't vote National under any
circumstances. Like I said, National are gutless.
Bill.
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