Category: Economic Issues
Good law is that which is well defined and certain, and which does not favour any one ethnicity or part ethnicity over all others. Nowhere is this more important than when it comes to the provision and control of water – the essence of life. As it stands now, this Water Services Bill fails the standard. It vests unspecified power, control and revenue in the hands of unelected, unaccountable and unchallengeable people over all other New Zealanders.
Treasury and the IRD advised against extending the bright-line test and removing interest deductibility for rental property investors. That’s why Labour’s housing bombshell is so dangerous – it creates uncertainty when the economy is already under serious threat.
These measures have nothing to do with ‘fixing’ the market – they’re about punishing those who are deemed to be the ‘cause’ of the collective woes of those who feel disenfranchised and are little more than a tarted up exercise in social scapegoating.
In reality the Government is clearly struggling to keep us safe. They must know their propaganda will only work for so long, and that even with the press in their pocket, the finger of blame will eventually turn onto them.
According to the IPCC, once a country has an ETS in place, no other policy interventions are necessary: “if a cap and trade system has a sufficiently stringent cap to affect emission‐related decisions, then other policies have no further impact on reducing emissions”.