Posts by Sacha
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But if all the money for the contributions is borrowed
As I said above, I'd welcome some discussion about that point.
there may be more working-age taxpayers now (relative to the retired) in 2009 and 2030 but none of us would have been making any contributions to the fund - it would all have come from borrowing. Which means that, in fact, it would still be future taxpayers who would be making that contribution.
Leaving aside my point above, surely the loan repayments represent an opportunity cost borne by current taxpayers?
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So stop going on about it. Christ, I think I just figured out how the copyright thread got to 100 pages.
Yep. Every second post. It's a case study in confused narcisism.
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Tess, the actions of that movement are violent, deliberate and well beyond "unhelpful". Your discomfort about a spade being called a spade is your problem.
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Actually your second point is really important too, Mike. It's not just about owning something, it's what you can do with the funds being held. Our critical local lack of venture capital and other investment opportunities will continue to hold back our innovative businesses unless savings vehicles are beefed up enormously.
If sovereign funds are regarded as sensible in other countries then why not here? If other countries make sure their businesses have access to the capital to grow then why not here?
I don't see any alternatives being proposed, just a yawning gulf between the rhetoric about ambition and productivity and what is actually being delivered by the tired grey men of the 90s.
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Tess, there's a difference between an organisation and a movement. Individuals count, as discussed upthread. The whole thing is just a red herring.
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Last wordism? That's rich.
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And the GTS page gives a 403. Classic
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But doesn't improving IT infrastructure help productivity? I welcome any journos following up on this one.
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Matthew, you do not seem to be addressing the demographic factors in the the timing considerations, which Joshua mentioned above.
There are more working age taxpayers to pay for the contributions to the fund now than there will be in 2030.
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The best Auckland KAOS hit I saw was dropping a cardboard fridge box on someone in the quad from the infamously hazy student common room. These days, it'd be a Youtube phenomenon.
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