Dr Edward A. Hudson
New Zealand’s greenhouse gas emissions are around 0.17 percent of global emissions. Even if carbon dioxide and methane emissions reduced to zero the effect on climate change would be negligible. For all practical purposes, actions by New Zealand have no effect on climate.
The Silicon Valley environment is stimulating and rewarding, both financially and professionally. This attracts more smart, motivated young people. There is a whole ecosystem of skills and resources for new technology companies, especially computer hardware and software. And, rapidly growing companies mean more jobs.
The Government has rejected the Tax Working Group’s recommendations for the introduction of a capital gains tax. One of the effects of such a capital gains tax would have been on economic growth. Economic growth is important as it is the source of increases over time in average incomes.