Change text size...

Recent Blog Posts (RSS)

View all posts on Public Address

Ads by Scoop

Public Address Cafe (RSS)

Get a Gravatar from gravatar.com
Public Address
Since: Nov 2006
Posts: 1654

RSS

Island Life: Q+A. Fill in the blanks.

Q: If tax cuts bring about growth, and growth is what we need to bring an end to our present problems, wouldn't tax cuts be a good idea around about now?

Read More   Original Blog Entry

Get a Gravatar from gravatar.com
giovanni tiso
From: Wellington
Since: Jun 2007
Posts: 4368

Visit website  Send email

How many politicians besides John Banks have used the words "I leave that to Whaleoil?"

I'd say a bunch, but all of them Norwegian.

Get a Gravatar from gravatar.com
JackElder
From: Wellington
Since: Mar 2008
Posts: 463

Visit website 

Sad as I am to say, I think the cycle route is slowly petering out. Expect maybe that some body will be set up to try and coordinate regional efforts, or maybe they'll just bung BikeNZ $50 and task them with it. Then when some reporter asks the question in a year or two they can say "We have put that in the hands of the appropriate authorities, progress is being made..."

There's a lot of people who want the cycle route to happen. It's just that an increasingly small number of them are in parliament, as the full cost of implementing the original proposal strikes home.

Get a Gravatar from gravatar.com
Lyndon Hood
From: Wellington
Since: Nov 2006
Posts: 858

Visit website 

I think they've been rather down on the idea of the government stimulating the economy ever since somebody worked out involved the government spending money.

Get a Gravatar from gravatar.com
Tom Semmens
From: Auckland
Since: Nov 2006
Posts: 1094

1/ No. In fact, those tub thumpers of the hysterical "what do we want? Tax cuts! When do we want them? NOW" media campaign on the Herald editorial board and Mr. Richard Long over at Stuff are flying the kite of tax HIKES - only on GST though you understand, because tax cuts are only good if they disproportionately favour rich people.

Since last October everyone, except the Kiwi battlers that the PR wide boys of National and their corporate media cheerleaders knowingly lied to with contempt, knew the tax cuts were unaffordable. Now National are in power they can dispense with them.

The same corporate media commentators who screamed for tax cuts will nod sagely, say the government had no choice but to be fiscally responsible in this recession, and stoutly refuse to countenance that they have been beautifully manipulated into towing whatever line the National Party has fed them.

2/ Under the lack-of-leadership of that nice man John "Dubya" Key this administration will create its own reality. Paula will stay on the Prozac and Bill English will make sure the right advisors are on hand to tell her what he needs to hear.

3/ We will end up with a sign at Cape Reianga saying "Cycleway (Proposed) --->".

4/ Let's no mention the candyman, do it three times and he might turn up.

Get a Gravatar from gravatar.com
Ian MacKay
From: Bleheim
Since: Nov 2006
Posts: 378

Visit website  Send email

Q: How much longer can John Key keep saying anything he feels like to please his audience, before people begin to notice that his leadership is flakey?
A:

Get a Gravatar from gravatar.com
Alastair Jamieson
From: Auckland
Since: Jan 2007
Posts: 75

Visit website  Send email

3) Not much to start from unfortunately - none of the World’s 15 Most Bike Friendly Cities seem to be in NZ...
(via twitter.com/goodmag)

Get a Gravatar from gravatar.com
andrew llewellyn
From: Wellington
Since: Nov 2006
Posts: 2061

Visit website  Send email

I'd say a bunch, but all of them Norwegian.

That sir, made me guffaw.

Get a Gravatar from gravatar.com
DeepRed
From: The southernmost capital city in the world
Since: Nov 2006
Posts: 877

Visit website  Send email

1) It'll be a good idea all right - for investors planning to make a killing on shares in the barbed wire, bulletproof glass, and bodyguard industries.

2) Faith-based dogma. Ironically, the army is investigating binge-drinking culture within its own ranks.

3) John Campbell already has that covered. And he doesn't want to be a candidate for Vietnam or Watergate.

4) Be careful about speaking of the devil, it (sic) might actually turn up.

Get a Gravatar from gravatar.com
Sam F
From: Morningside, Auckland
Since: Nov 2006
Posts: 1188

Visit website 

4/ Let's no mention the candyman, do it three times and he might turn up.

4) Be careful about speaking of the devil, it (sic) might actually turn up.

I'm heartened by the hivemind-uniform sense of revulsion that name has generated amongst PASers.

Get a Gravatar from gravatar.com
David Haywood
From: Christchurch
Since: Nov 2006
Posts: 540
Moderator

Visit website  Send email

And a supplementary question from Bob-the-baby: "Why is the Prime Minister sitting on that lady's [Judith Durham] knee?"

See 29 seconds into this video clip:

Get a Gravatar from gravatar.com
Aaron Dick
From: Auckland
Since: Nov 2006
Posts: 9

Visit website  Send email

1. I'm sure I recall being told that tax cuts were going to be part of what got us through the economic torubles that were already brewin during the election. Why is it that suddenly they can't be done if they're supposed to help things?

Get a Gravatar from gravatar.com
Gareth Ward
From: Auckland, NZ
Since: Mar 2007
Posts: 1379

Visit website  Send email

Hate to be serious up in here, but 1. the argument for growth from a reduction in personal income taxes is over the medium-term rather than the shorter one, so no. And there is some argument that collecting taxes into Government to allow them to leverage it all up with debt and aim spending at the areas that need it would be more effective in a situation like this.
(Note, I find the argument for tinkering with the marginal upper income rates with the expectation that it's going to change people's productivity absurd and without any practical proof).

The NZ Institute's paper (pdf) out in the last few days addresses that question. They actually suggest that it is the dropping tax revenue from tax cuts that is the most significant driver of our projected structural deficits, not increased spending. And against a persistently weak growth in GDP, that means not much moolahs for what we'd like to spend our tax dollars on.

Get a Gravatar from gravatar.com
Robyn Gallagher
From: Wellington
Since: Nov 2006
Posts: 1309

Visit website  Send email

Q: Could it be that the mighty gun actually fires blanks?

I don't qualify for a "tax cut" because the "government" has decided that I am making "enough" money "already". But if I did qualify for a tax cut, I would "spend" it on a duvet made of magic kittens, therefore stimulating the economy.

Q: My question to the minister: Based on what?

That time in Arrested Development when Buster joined the army.

Q: How much of a track are we likely to end up with, precisely?

Bloody do-gooder politically correct cyclists! If the government knew what was good for them, they'd build a road from Cape Reinga to Invercargill so that all mainstream New Zealanders could drive along it, which is what mainstream New Zealanders do. We don't faff about on bikes!!!!

Q: How many politicians besides John Banks have used the words "I leave that to Whaleoil?"

lolz

Get a Gravatar from gravatar.com
David Slack
From: Devonport
Since: Nov 2006
Posts: 595
Moderator

Visit website  Send email

Hate to be serious up in here

Please do. I most certainly think this warrants serious discussion.

Here you have a party and its boosters who have consistently maintained for at least the last five years of campaigning that tax cuts bring growth. My counter-argument has been that none of Bill Birch's tax cuts in the 90s appeared to have had that effect, so why should it be different this time?

Well, now's their chance. Even if we accept that they only promised that it would emerge in the medium term, why would they doubt the validity of getting started now, in order to take advantage of the Upturn When It Comes?

Get a Gravatar from gravatar.com
Gareth Ward
From: Auckland, NZ
Since: Mar 2007
Posts: 1379

Visit website  Send email

I agree, hopefully someone in the wider media points out their historical hollowness.
Like I said, I have been unable to find empirical real-world evidence of cutting upper marginal income tax rates magically delivering productivity (which is what we need for growth in this country). The "rational" argument is along the lines of "people will work more cause they get to keep more of it". What a load of ass, I don't know of anyone that is going to change the way they work because the upper rate goes from 39% to 37% - the counterfactual has been demonstrated in the lack of a sudden drop in GDP from the increase in 99.

The NZ Institute's paper suggests we move to gather more tax through things like property capital gains, and drop taxes on savings and productive investment. I'm all for both those, and would love for this "crisis" to become the flashpoint for a Government that will take big steps like that. Won't happen but

Get a Gravatar from gravatar.com
James Green
From: Dunedin
Since: Nov 2006
Posts: 579

Bloody do-gooder politically correct cyclists! If the government knew what was good for them, they'd build a road from Cape Reinga to Invercargill so that all mainstream New Zealanders could drive along it, which is what mainstream New Zealanders do. We don't faff about on bikes!!!!

Unfortunately, that's Garth George, not satire.

Get a Gravatar from gravatar.com
Roger Lacey
From: Whatakataka Bay Surf Club
Since: Apr 2008
Posts: 32

Visit website 

Unfortunately, that's Garth George, not satire.

Good old Garth George. I remember him on the radio saying that he was moving out of Auckland as he considered it the arsehole of the country. I couldn't help thinking if that was true then he was possibly the old fart escaping from it.

Get a Gravatar from gravatar.com
Sam F
From: Morningside, Auckland
Since: Nov 2006
Posts: 1188

Visit website 

I remember him on the radio saying that he was moving out of Auckland as he considered it the arsehole of the country. I couldn't help thinking if that was true then he was possibly the old fart escaping from it.

Roffles. Well done sir.

Get a Gravatar from gravatar.com
Steve Barnes
From: The City of Ales
Since: Dec 2006
Posts: 1957

Visit website  Send email

Yet another reason to never believe a word Garth says,

For I consider the bicycle to be the most inefficient, uncomfortable and unwieldy machine ever to have been invented.

Bicycle Efficiency
As for comfort and wieldyness I think the bicycle has evolved a little since the penny farthing.

Get a Gravatar from gravatar.com
Steve Barnes
From: The City of Ales
Since: Dec 2006
Posts: 1957

Visit website  Send email

On Chrysler's bankruptcy,

When Chrysler emerges from bankruptcy, the United Auto Workers union will own 55 per cent of the automaker and the US government will own 8 per cent.

ref
I don't believe the USSR had this level of Socialism in its heyday.

Get a Gravatar from gravatar.com
Mark Graham
From: Auckland
Since: Nov 2006
Posts: 120

Visit website  Send email

response, to paraphrase again, was: "experts can say what they like, but we think they work."

Since when have politicians ever worried what social researchers prove when promoting and implementing policy?

People want to see action, dammit, not pointy head ivory tower academics telling us we don't know what we're doing.

Get a Gravatar from gravatar.com
ScottY
From: Scott Yorke's Waitakere Wonderland
Since: Feb 2009
Posts: 634

Visit website  Send email

Dear Garth might find bicycle riding more comfortable if he didn't talk out of his arse so much.

Get a Gravatar from gravatar.com
David Slack
From: Devonport
Since: Nov 2006
Posts: 595
Moderator

Visit website  Send email

People want to see action, dammit, not pointy head ivory tower academics telling us we don't know what we're doing.

Sir, yes sir!

Get a Gravatar from gravatar.com
andrew llewellyn
From: Wellington
Since: Nov 2006
Posts: 2061

Visit website  Send email

the fabled cycleway will be tossed to the regional councils to nut out - we'll end up with numerous local cycle ways of varying quality (depending on how much the councils opt in).

And that will be it pretty much.

But I am assured that the Wellington Regional Council are keen, but I will wager anything that what gets done will a zero budget effort.

But at least where there is a will there is a way.

Get a Gravatar from gravatar.com
DeepRed
From: The southernmost capital city in the world
Since: Nov 2006
Posts: 877

Visit website  Send email

I don't believe the USSR had this level of Socialism in its heyday.

The new structure for Chrysler sounds remarkably like co-op syndicalism.

Get a Gravatar from gravatar.com
Sacha
From: Ak
Since: May 2008
Posts: 5312

the old fart escaping from it

His choice of new digs supports your supposition. Rotorua. Heh.

Get a Gravatar from gravatar.com
Sam F
From: Morningside, Auckland
Since: Nov 2006
Posts: 1188

Visit website 

This just in: Harley Davidson folds, major shareholdings go to the Hells Angels and Vespa.

Get a Gravatar from gravatar.com
Tom Semmens
From: Auckland
Since: Nov 2006
Posts: 1094

Just remember: like President Schwarzenegger, Paula was elected to lead, not to read.

Get a Gravatar from gravatar.com
George Darroch
From: Te Ao Nui
Since: Nov 2006
Posts: 1022

Visit website  Send email

Garth George could not be further from the truth. The bicycle is one of the most efficient machines ever invented. Up to 98.6% of energy applied at the pedal is converted to forward motion.

Not only curmudgeonly, but utterly wrong.

Get a Gravatar from gravatar.com
Sam F
From: Morningside, Auckland
Since: Nov 2006
Posts: 1188

Visit website 

Garth George could not be further from the truth.

He's not the kind of man to accept your limits.

Please login to post a reply.