Hard News by Russell Brown

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Hard News: #NetHui: it's all about you

469 Responses

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  • BenWilson, in reply to Steve Barnes,

    If you were on the average wage, here in NZ and not taking inflation into account, you would have to work your entire working life of 50 yrs to net that amount after minimal expenses like food and little else.

    You're also not taking compounding interest into account. People who save up do usually end up with a big stack from quite modest but constant investment. But most people don't save up. It's really quite hard.

    Edit. The fact that it's hard is part of the reason I think compulsory super is a good idea. Then it's not hard, just an accepted, institutionalized idea that almost everyone will retire with a big sack of case. It's really quite a good thing.

    Auckland • Since Nov 2006 • 8499 posts Report Reply

  • recordari, in reply to BenWilson,

    a big sack of case

    Tautology, surely. ;-)

    AUCKLAND • Since Dec 2009 • 2607 posts Report Reply

  • Lilith __,

    Steve, Ben...I was being whimsical!

    Dunedin • Since Jul 2010 • 3442 posts Report Reply

  • Steve Barnes, in reply to BenWilson,

    People who save up do usually end up with a big stack from quite modest but constant investment. But most people don’t save up. It’s really quite hard.

    I would say that putting money away in property as a form of saving has proved to be quite profitable over the last twenty years or so for many and these are the people that are screaming now and I can understand them, but, we have to change that game. Too much investment has been tied up in property and derivatives where it could have been doing something far more useful, like, er .... Flying Cars or, you know, making neat stuff... and exporting it.

    The people complaining about a CGT are the same people who say things like

    If I buy a house or a lump of silver and it does not devalue at the same rate as money or other items, those that spent their money on items that do not do so well at holding value want to ensure I have not benefited from my "wise" use of resources, my hard work, my risk of getting it all wrong and going broke, my denying myself and my family many pleasures small and large.

    What a great life...

    The wireless north ;-) • Since Dec 2006 • 4802 posts Report Reply

  • James Butler, in reply to Steve Barnes,

    CGT

    /threadmerge

    Auckland • Since Jan 2009 • 801 posts Report Reply

  • Steve Barnes, in reply to James Butler,

    /threadmerge

    Indeed but maybe more cross-threaded thus misaligning the flange...
    I got confused.
    ':-)

    The wireless north ;-) • Since Dec 2006 • 4802 posts Report Reply

  • Islander, in reply to Steve Barnes,

    None of my family -self included – stand to gain anything from any investment properties (especially after the CHCH quakes! The 3 investment properties held by my siblings are red or orange-zoned…)

    I *like* the idea of a CGT – it’s been too long a-coming. And I am very glad Labour has finally had the nous & uterine fortitude to offer it as a positive step forward for all thinking voters.

    Big O, Mahitahi, Te Wahi … • Since Feb 2007 • 5643 posts Report Reply

  • Steve Barnes,

    And I am very glad Labour has finally had the nous & uterine fortitude to offer Anything...

    The wireless north ;-) • Since Dec 2006 • 4802 posts Report Reply

  • Islander, in reply to Steve Barnes,

    +1

    Big O, Mahitahi, Te Wahi … • Since Feb 2007 • 5643 posts Report Reply

  • Sacha, in reply to James Butler,

    CGT

    /threadmerge

    Quite. Over here.

    Ak • Since May 2008 • 16614 posts Report Reply

  • nzlemming, in reply to Lilith __,

    You! I hold you to blame for destroying my productivity for the last day, and damn! but "DM of the Rings" is the funniest spoof I have read for years. And I speak as a Tolkien nerd and former gamer/DM. Very good stuff. Thanks.

    Waikanae • Since Nov 2006 • 2078 posts Report Reply

  • Bart Janssen, in reply to nzlemming,

    ditto - except I've been reading it before sleep ... quite tired today ...

    Auckland • Since Nov 2006 • 3347 posts Report Reply

  • BenWilson, in reply to Bart Janssen,

    Double ditto. Reminds me that most of the fun I had with D&D was reading the books.

    Auckland • Since Nov 2006 • 8499 posts Report Reply

  • recordari, in reply to nzlemming,

    I hold you to blame for destroying my productivity for the last day

    I thought 'huh, I'll just take a quick look. Can't be that compelling'. How wrong was I?

    AUCKLAND • Since Dec 2009 • 2607 posts Report Reply

  • Lilith __,

    You're all, um, welcome! :-D
    When I was reading it I always found I just had to read one more page....

    And BTW nzlemming, thanks for the great magnet story. :-)

    Dunedin • Since Jul 2010 • 3442 posts Report Reply

  • Rich Lock,

    Mildly scary to think how much obsessive time and effort went into making those hundreds of pages, though....

    back in the mother countr… • Since Feb 2007 • 2396 posts Report Reply

  • BenWilson, in reply to Rich Lock,

    Yes, it was almost like a job. Considering how much funnier it was than numerous cartoon strips that people actually do for their job, it seems pretty righteous.

    Auckland • Since Nov 2006 • 8499 posts Report Reply

  • Lilith __, in reply to BenWilson,

    righteous

    +1

    Dunedin • Since Jul 2010 • 3442 posts Report Reply

  • Kyle Matthews,

    What I do which others don’t is stack each of the same utensil together. Doesn’t take much longer to stack but makes the emptying far quicker.

    If everyone would just adopt this, my world would be a happier place. Thank you.

    Since Nov 2006 • 6165 posts Report Reply

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