Posts by Paul Campbell

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  • Field Theory: Wellingtonista and Want-mas,

    I actually bought some NZ wine that came with it's own USB key in the supermarket the other day - it was for a geek birthday party so it was vaguely appropriate - the key contained some promo for the vinyard

    Dunedin • Since Nov 2006 • 2307 posts Report Reply

  • Busytown: It's like a jungle sometimes,

    I think that one of those parenting skills they never teach you is how to deal with kids falling down - you have to learn to recognise that look from them that is basically "is he looking? should I cry?" - if you give just the right smile at just the right time they jump up and keep on running

    Dunedin • Since Nov 2006 • 2307 posts Report Reply

  • Busytown: It's like a jungle sometimes,

    Living across the Bay from San Francisco I probably went into the city every couple of weeks - but I worked with a couple of coworkers who hadn't been there for 20 years (in fact travelling to Berkeley for work was a novelty - and this was back in the mid 80s)

    I guess from the point of view of suburbia the cities have become scary places

    Dunedin • Since Nov 2006 • 2307 posts Report Reply

  • Hard News: Deadly Exuberance,

    well inflation may be reducing in some global sense short term - but everyone's printing money at the moment like it's the end of the world - add to that that the NZ$ is diving (by about 30$ wrt the US$) so imported stuff is going to go up by about that much real soon now

    Dunedin • Since Nov 2006 • 2307 posts Report Reply

  • Hard News: Deadly Exuberance,

    This week's best thing ever

    Dunedin • Since Nov 2006 • 2307 posts Report Reply

  • Hard News: Deadly Exuberance,

    Note: it's quite OK to bell the cat, after all the idea is to scare the birds away - we do, because of all the native birds where we live, last thing I want is her dragging in a kereru twice her size ....

    Dunedin • Since Nov 2006 • 2307 posts Report Reply

  • Random Play: Feelin' Groovy . . . Happy Again,

    Sadly Dunedin doesn't have its groove back - RG bought up the competition and then shut down ..... guys I used to drop over $1k a year on you and you went away .... now I'll have to turn to the internet .....

    Dunedin • Since Nov 2006 • 2307 posts Report Reply

  • Hard News: Deadly Exuberance,

    well rental properties are not completely unproductive - people need places to live (but rents have been driven in part by the real estate speculation of the past few years - now there's a glut).

    What they don't do is have the multiplying effect that benefits everyone - I invent a cool new widget, you use the widget to make a new product, they buy the new cheaper product and get some new benefit from it.

    Could be worse though - consider the arms industry - governments take tax money and buy expensive armaments ... then they blow them up and buy more

    Dunedin • Since Nov 2006 • 2307 posts Report Reply

  • Hard News: Deadly Exuberance,

    I'm not sure what the difference here is between "investment" and "capital gains" - in the US buying anything (a stock, a property, art, etc etc) for X$ and selling it for Y$ is a capital gain

    what you want to do is encourage long term investment - in particular investment in things that create real real wealth rather than just making money from moving money around which in the end just makes a bubble

    Dunedin • Since Nov 2006 • 2307 posts Report Reply

  • Hard News: Deadly Exuberance,

    Matthew - the US system, which I lived under when I was there so it may have changed, has exemptions for ones primary residence - if you sell it and buy another within some reasonable time and the value of the new one is less or equal to the old one there's no taxable gain - there's also a one time (in a lifetime - think retirement) waiver on selling and buying a cheaper house (yes old people do vote in the US - a lot more than everyone else) - doesn't apply to rental property, or holiday homes or ..... that sort of takes the issues that most people would have with their houses out of the mix (would also make for an easy transition here in NZ) and leaves the tax to speculators

    By default in the US all capital gains are just treated as income - you pay at your marginal rate - if you register a purchase with the IRS and hold on to it for long enough (3-5 years) then you qualify for a lower 'capital gains tax rate' (25% rather than 33% federal) - so there "capital gains tax" is perceived to be a lower tax while here it would be a higher one - which colours people's perceptions

    Dunedin • Since Nov 2006 • 2307 posts Report Reply

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