Category: Economic Issues
Without a doubt, the election is on a knife-edge. Thursday’s Colmar Brunton poll foreshadowed that the country’s new government is likely to be a coalition between Labour, the Greens, and the Maori Party - a ‘progressive’ combination that would deliver the most radical government in New Zealand’s history.
A variation on the conventional socialist mantra of tax and spend has surfaced in the run up to the forthcoming election it is: cheat and tax. What it involves is to deny that a Labour/Greens/ Maori Party government if elected has any plan to raise taxes but will devolve the whole question to a panel of experts. They will then make the decisions on behalf of the government.
Promises, promises, promises, seems to be the theme of the election campaigns to date. Given the uncertainty of the result, the promises have more relevance. Unfortunately, for property investors some of the promises may not be welcome.
Election promises have been coming so thick and fast it feels like Christmas. National kicked off their pledges with the announcement that if re-elected, $10.5 billion over ten years will be invested in roading infrastructure to open up the economic potential of the regions .
A couple of months ago, a news story dubbed “Lemonadegate” made international news. It involved the daughter of a New Zealander living in London, who was fined £150 for setting up a stand and selling lemonade without a permit. She was five-years-old.
You've probably read about the five year old lemonade criminal of Tower Hamlets. She was selling lemonade outside her house on a sunny day, as children do, when four 'enforcement officers' charged her with trading without a licence and issued a £150 fine.
Fresh water is an election issue. The export of bottled water has become the focus of an emotional debate that is being relentlessly politicised and propagandised.
Calls to make freshwater rights an election issue have intensified. Critical to the discussion are whose rights are meant, how such rights are defined and what costs and benefits arise.
A new survey, released this week by the ABS Bank, found that one in five New Zealanders are strongly opposed to National’s plan to lift the retirement age from 65 to 67.
New Zealand has a retirement income framework that, compared with the rest of the developed world, is closest to our ideal. However, that’s a low bar to clear. We can make things much better but we must start with impeccable, deep data.