Surely any tax review also has to look at the dividends returned to the government by SOE's, a hugely regressive hidden tax that contributes mightily to the incredibly high cost of living in New Zealand. Sure, capital taxes, death duties and FTT's all have a place, but a UBI would be quickly made useless if the government simply kept rampant price inflation from monopoly utility providers.
And since the sherry here is indeed dulce, I will add where the fuck are NZ’s muscular intellectuals of the left in Labour? I was at a Podemos gathering in cafe in the main plaza of my town the other week and a bunch of perfectly ordinary Spaniards had a much more bracing critique of capitalism in one afternoon than the NZLP has had in the last 40 years. Now who has a cigarette...
I know I shouldn't be replying to an NZ post in the middle of the night when we are on a terrace drinking beer on a glorious Spanish evening in Jerez de la Frontera, but the Labour party bugs me. They current PLP is squandering a century old legacy. If Labour has the cajones to accept just one of the four things I said it was refusing to see then it or the wider social democratic left could mount a coherent attack on the right. But its hubris is total.
“Labour needed to be ambitious and bold to win the next election…”
Fat chance you’ll get that from the current hopeless bunch of intellectually lazy cowards that make up the NZ PLP and it’s advisors!
This post of Rob Salmond’s is cut and paste Blairism of the most mind numbingly vacuous. Let’s accept neoliberalism. Then let’s adopt the loaded language of the right to discuss the problem. Then say, hell, the National party is kinda on the right track!!! So vote for Labour, just like National only we promise to do it a bit better! Nothing new to see here then from the NZLP, stuck in the 1990s since forever.
Rob Salmond, Pablo over at Kiwipolitico summed up the NZ Labour party brilliantly:
“Labour are hopelessly co-opted and behind the times.”
And the worst thing is, this post on policy demonstrates the Labour party is still so far up it’s own arse it can’t even see that.
And if this all seems a bit personal and rude, well I have completely lost patience with a complacent, lazy party that refuses to accept the need for internal change, refuses to move into the 21st century, refuses to accept that it is hopeless short on talent and disconnected from huge parts electorate and still refuses to give it all up and let someone else have a go.
Even for a country of 4.5 million where the only public voice heard is that of a particularly isolated, provincial and grasping philistinism it must take some doing to be as completely and totally fucking ideologically and intellectually bereft as the current, terminally stupid, NZ Labour party.
Larry Williams only sounds insane because you forgot he is the straight guy to Leighton Smith, who is about as crazy as it gets before you need medication.
It is Newstalk ZB koolaid they drink every day you know.
I don´t think the country can afford to let the bubble burst.An economic disaster like the one in Spain just cannot be allowed to happen. We would have a civil war.
The only option is to stop prices rising and then let 10-20 years of inflation and wage growth to chip away at the affordability issue.
In the meantime, an entire generation will miss out on home ownership in Auckland. For them, we need reform to give tennants greater rights of tenure, government building programs for affordable apartments and terraced housing in cities with low entry level costs for those wanting to rent to buy or long term lease, and a recognition that this can never be allowed to happen again.
Nowadays though I guess we have to think from the goveernments point of view. Having neglected to do anything about the housing ponzi/bubble, they have got a tiger by the tail. Everyone knows what is required. A ban on foreign buyers of existingg homes, a CGT, a government led crash building program and a way to rapidly free up land for intensification. But doing anything concrete that leads to a substantial (25%+) downwards price correction would completely tank that section of the Auckland economy that complains the loudest, destroy the wealth a significant porportion of the Auckland (and therefore NZ) middle class with all the knock on effects of that (here in my town in Spain unemployment has sat at 40% since the 2008 crash, anything approaching that level would probably lead to a complete breakdown of civic order in NZ) and could even seriously damage the banking system. So the government wants to stop runaway housing inflation, but is terrrified of the consequences if it does. So it is all jaw jaw in the frantic hope that might do something.
In the end, probably the only economically sane solution is policies designed to halt the upward price spiral without an actual downward correction, and some mild inflation combined with a wages policy that encourages actual wage growth. Unfortunately, the political establishment is completely enslaved by the magical thinking of neoliberalism, so intervention to build houses and encourage wage growth is an anathema, and the reserve bank act has removed from the policy toolbox the possibility of mild inflation to eat away at house prices.
So we are fucked, because the government won't do anything until the political cost of doing nothing is higher than the political cost of doing something, by which time the subsequent crash will be a economic disaster.
Build a dam across Manakau heads. Pump out water. Build seven bedroom multi million dollar mcmansions on quarter acre sections. Sell them. Blow up dam.
If Labour's deadwood were just a bunch of has been reactionaries determined to resist any move back to left and determined to keep their overwise miserably unemployable asses off the dole queue, they might not be a problem. But they are also the rotting corpse of Labour's betrayal grining grotesquely down on the public Betrayed. Labour needs to get them underground, for the sake of sanitation and so the stink doesnt keep reminding people not to vote for them. Then start doing something about the low wage economy.
One of the amusing aspects of the middle class left's debate around the missing million voters is none of them seemed to have much idea who they actually are, and it never seemed to occur to them that if you want the missing million to vote, it might be a good idea to have some policies that appealed to them, like protecting their wages and conditions.
Also, I challenge as glib the assertion that tough financial times lead to conservative government. Michael Joseph Savage hardly won at the height of dizzying boom. What people vote for is a coherent solution. The reason in recent times that has translated to "conservative" is because the establishment left is so fucking useless.
And out of left field we suddenly get "the new middle class" who the fuck are they? I guess he means the casualised contract middle class? Well sure I guess. Labour can get to wave something meaningless at them on their way down to, all the time happily signing free trade deals and and letting migration drive wages down.