History for martinb

Well you cut and paste 1990s economics text books.

The national debt has been well under control. There is no blowing out financial crisis.

And your budget is a set of choices:

You spend your money on one road you exclude other things. https://www.nzherald.co.nz/nz/politics/one-road-to-dominate-10-of-infrastructure-spending-for-next-25-years-with-warning-costs-could-double/CRY7AYNIUFF4ROYNFPSRSYL6KM/

Or tax cuts. Or paybacks to landlords.

Good that those who pissed off to Queensland who you talked to don’t like the Ardern government. Kinda not relevant, but thanks.

In fact I remember moving to Queensland: rent was cheaper, food was cheaper and I could earn in a weekend what I earned in a week in NZ. Why? Unions, award wages and penalty rates. I could earn double time on a Sunday and time and a half on Saturday. Plus Brisbane had better public transport, though the Auckland rail tries very hard. Funnily enough we almost rewarded all those essential workers with industry wages, like Aussie had.

I’m sure all your QLD chums who didn’t get a personal merit certificate from Dame Jacinda, will be out fighting for Wellington retail and hospitality.

There are a lot of businesses there doing it tough because this government decided to abolish their customers.
Worse than COVID they’ve called it.
https://www.rnz.co.nz/news/national/527396/wellington-venues-use-community-focus-to-deal-with-tough-times-hospitality-group

Productivity growth is a culture issue. No money for innovation. Only money for property. A longstanding one. Funnily enough most MPs are interested parties, having investment properties. The idea of fixing our unbalanced economy to benefit everyone is not considered seriously. We have a property owning oligarchy.

Up until recently here in Japan tge government encouraged children to buy shares by subsidising a certain amount for those below a certain age. American families I’ve met have a culture of buying shares and investing in their companies. This is that capitalist culture. 

And the add value to primary products has been a thing since the beginning of the NZ economy. It’s worse recently because manufacturing in NZ struggles to compete. Ask your mates at Zuru. Certainly clothes made in NZ have almost become a cottage industry from a series of factories making clothes in my lifetime. Our free trade treaties don’t encourage value added NZ goods.

And as for your cheap shots- well I’d take Hunter S Thompson money anytime chum. He’s certainly a better read than all the self satisfied Chicago school economists and their end of history. 

Gotta get back to Hudson-Odoi cutting in and scoring…predictable things. Death, taxes, NZers talking about poor productivity and adding value to their primary exports and Hudson-Odoi cutting inside. 

coochiee

As someone else said Martinb you write alot of words but don't say much. The above has all the clarity of someone taking a combination of meth, and acid. Hunter S Thompson wrote with a clearer mind.

When you inherit fiscal deficit and a blowing out of the national debt, you have to make some hard decisions. 

NZ has to be returned to a fiscal surplus to yes see greater investment in infrastructure, education, health and yes the battle against crime. 

When I visited ChCh last year, I was shocked to be told I shouldn't park my particular rental car on the street, at my mate's place in Cashmere, as it was at a high risk of being stolen. Apparently it was the make & model car thieves would drive around looking for. That stuff is just unheard of here in Aussie. Of course in a tragic ironic sense Australia is dumping some of it's worse crims as 501s in Aotearoa who have almost zero connection to their birth country.

For last few years some of NZ's best (and worst) have been leaving the country, mostly for Australia. Nearest neighbour, bigger economy, more opportunities, higher av wages, warmer weather, same language, similar culture, no entry visa requirement - it's a no brainer.

Of the ones I meet here in QLD (I've been in Aussie on & off since 2006), the warmer weather, higher wages, far lower crime, and general sense that 'success' is encouraged (a bit more American in that sense/less tall poppy stuff) seem the main factors for the move. Many of those NZers have come here to start a business. Virtually all of them are scathing of the 6 years of the Ardern/Hipkiss Govt. It's a constant refrain they felt no love, their productive hard work not recognised, and life all got too hard. 

Where NZ has been shark recently regardless of who has been in government is it's Productivity Growth. Productivity compares the amount of goods and services produced (output) with the amount of inputs used to produce them. Productivity growth is hugely important ito obtain strong economic growth (GDP growth) and thus high GDP per capita. ie without productivity growth your living standards as a nation start to drop. Yes copied from elsewhere!

Since 2011, annual productivity growth in NZ has averaged in at just 0.2% – one of the worst in the OECD. It's a boring topic, but one that should be front & centre in Kiwi's minds. If NZ want's great public services (including being able to look after the most disadvantaged well), how does the poor productivity growth get turned around. What can be done to incentivise the private sector to invest in R&D, increase automation, add value to primary products not just ship them overselves cheaply in a raw form etc etc etc
 
Seeing thousands of people move to Australia, many highly skilled, only to replace them with low skilled migrants to pick fruit, drive an Uber, get ripped off by a dodgy immigration agent - that's just making the productivity situation worse. That's somehow got to be turned around.  

Well you cut and paste 1990s economics text books.

The national debt has been well under control. There is no blowing out financial crisis.

And your budget is a set of choices:

You spend your money on one road you exclude other things. https://www.nzherald.co.nz/nz/politics/one-road-to-dominate-10-of-infrastructure-spending-for-next-25-years-with-warning-costs-could-double/CRY7AYNIUFF4ROYNFPSRSYL6KM/

Or tax cuts. Or paybacks to landlords.

Good that those who pissed off to Queensland who you talked to don’t like the Ardern government. Kinda not relevant, but thanks.

In fact I remember moving to Queensland: rent was cheaper, food was cheaper and I could earn in a weekend what I earned in a week in NZ. Why? Unions, award wages and penalty rates. I could earn double time on a Sunday and time and a half on Saturday. Plus Brisbane had better public transport, though the Auckland rail tries very hard. Funnily enough we almost rewarded all those essential workers with industry wages, like Aussie had.

I’m sure all your QLD chums who didn’t get a personal merit certificate from Dame Jacinda, will be out fighting for Wellington retail and hospitality.

There are a lot of businesses there doing it tough because this government decided to abolish their customers.
Worse than COVID they’ve called it.
https://www.rnz.co.nz/news/national/527396/wellington-venues-use-community-focus-to-deal-with-tough-times-hospitality-group

Productivity growth is a culture issue. No money for innovation. Only money for property. A longstanding one. Funnily enough most MPs are interested parties, having investment properties. The idea of fixing our unbalanced economy to benefit everyone is not considered seriously. We have a property owning oligarchy.

Up until recently here in Japan tge government encouraged children to buy shares by subsidising a certain amount for those below a certain age. American families I’ve met have a culture of buying shares and investing in their companies. This is that capitalist culture. 

And the add value to primary products has been a thing since the beginning of the NZ economy. It’s worse recently because manufacturing in NZ struggles to compete. Ask your mates at Zuru. Certainly clothes made in NZ have almost become a cottage industry from a series of factories making clothes in my lifetime. Our free trade treaties don’t encourage value added NZ goods.

And as for your cheap shots- well I’d take Hunter S Thompson money anytime chum. He’s certainly a better read than all the self satisfied Chicago school economists and their end of history. 

Gotta get back to Hudson-Odoi cutting in and scoring…predictable things. Death, taxes, NZers talking about poor productivity and adding value to their primary exports and Hudson-Odoi cutting inside.