The Budget 2012

[scott411]

well no ones put a thread up here, but its all pertty boring,

good to see they are going after the loophole with boats/planes batches,

ciggies get a hit again, easy traget really,

still think they need to raise the retirement age, it should have been done 10 years ago as they new the baby boomers were getting to that age, but you can not really blame John Key for keeping an election promise, he has always said he will not raise it,

I think its good that we are not going to get to a massive debt ratio like Greece/Ireland SPain etc, then we loose control of what we can do,

[Maha]

''well no ones put a thread up here, but its all pertty boring''

.....and that is why...:corn:

[Akzle]

I think its good that we are not going to get to a massive debt ratio like Greece/Ireland SPain etc, then we loose control of what we can do,lmfao.

ever noticed how the whole "developed" world is in debt, except china?
perhaps the problem lies with the governments borrowing money at interest from, say, the world bank type institutions.

but the government doesn't make any money, they only take it.

so what they're basing their borrowing on is the earning capacity of the sheep, minus expenses, like: their own salaries, beneficiaries, flash underwear and BMWs to be driven around in...

then of course there's the interest on the capital they borrowed, which doesn't get printed as "money"

so, how do you balance the books, when the only creditor is a "bank" that does nothing but make debts?

what's your debt right now, as a Citisen/subject of the NZ government? a hundred thou? two? ten?
aren't you so glad you voted those monkeys in to get YOU all that debt?

democrats for social credit anyone?

[Bald Eagle]

None of it's real value just entries in a ledger. The likes of the gambler JK - made his money on the money-go-round system that caused all the mess and now smiles and takes more from the sheep to maintain his cushy life.

Business as usual, I'll keep working, smoking and riding my bike. Might have to start growing my own backie before they outlaw it completely though. :rofl:

[Virago]

It may be a minor issue, but I'm rather outraged by the ban on children submitting tax returns. I can understand the cost to the taxpayer of frivolously small tax returns and refund claims, but why not target that issue, instead of victimising a social demographic based on (not necessarily accurate) expected income? They wouldn't get away with targetting any other low-income demographic in this manner.

[NinjaNanna]

WOW love the word surplus, the reality is we'll never be in surplus nor should we get tax relief or any further services UNTIL government debt is drastically reduced.

I earn a very comfortable wage, I've had pay rises every year for the last 6 yrs - but my monthly budget is exactly the same (discounting CPI adjustments) as it was 6 yrs ago. The reason being is that my payrise gets redirected to my mortgage to get that sucker paid down as quickly as possible. I did the same when interest rates dropped.

My point is while you have debt you don't have savings they're illussionary and the same goes for countries.

I notice how no government ever talks about getting rid of the debt only borrowing less or more - but still borrowing none the less.

[SMOKEU]

but you can not really blame John Key for keeping an election promise, he has always said he will not raise it,


Do you really expect a lying, thieving jew with no credibility to keep a promise?

[HenryDorsetCase]

It may be a minor issue, but I'm rather outraged by the ban on children submitting tax returns. I can understand the cost to the taxpayer of frivolously small tax returns and refund claims, but why not target that issue, instead of victimising a social demographic based on (not necessarily accurate) expected income? They wouldn't get away with targetting any other low-income demographic in this manner.

crap. they target EVERY low income demographic in just that manner. solo mums, benny bludgers, students whatever.

I actually agree with you by the way. talk about disincentivise kids to go and get jobs. (Or, give them an early introduction to the black economy)

[HenryDorsetCase]

Do you really expect a lying, thieving jew with no credibility to keep a promise?

dick. even if he is Jewish (by ethnicity or, heaven forfend, religion) what has that got to do with anything real?

[SMOKEU]

dick. even if he is Jewish (by ethnicity or, heaven forfend, religion) what has that got to do with anything real?

Because most of them will try to rip you off. It's nothing new.

[Tigadee]

aren't you so glad you voted those monkeys in to get YOU all that debt?
democrats for social credit anyone?[/color]

I think Labour were the ones quietly building up the debt before handing it off to the Nats, but all of them are real con artists anyway...

Laundry service for underwear? Just turn them inside out and wear them again, for goodness sake! :bleh:

[Winston001]

I think Labour were the ones quietly building up the debt before handing it off to the Nats...



I'm not a fan of Labour but give credit where its due. Michael Cullen did a good job as Minister of Finance and brought in balanced budgets ie. the spending was no more than the governments income. He also worked at reducing government debt.

Where it went wrong for Cullen is his colleagues introduced new social policies with new spending, so his efforts to put money aside were undermined. Still, I don't think Labour built up much new debt.

National were unlucky to inherit the global collapse plus they'd promised tax reductions so the only way to pay the bills is to borrow.

[scott411]

I'm not a fan of Labour but give credit where its due. Michael Cullen did a good job as Minister of Finance and brought in balanced budgets ie. the spending was no more than the governments income. He also worked at reducing government debt.

Where it went wrong for Cullen is his colleagues introduced new social policies with new spending, so his efforts to put money aside were undermined. Still, I don't think Labour built up much new debt.

National were unlucky to inherit the global collapse plus they'd promised tax reductions so the only way to pay the bills is to borrow.

even tho i am no labour fan i sort of agree with you on this, if you take out the massive bribe of the free student loans as well as the other gifts in the last term then i would agree with you fully, although it would have been nice to come out of the high times that were the late 00's with no debt,

[mashman]

YAY a budget thread... where to start, I know, the end.... meh!


I think Labour were the ones quietly building up the debt before handing it off to the Nats, but all of them are real con artists anyway...

Laundry service for underwear? Just turn them inside out and wear them again, for goodness sake! :bleh:

Do ya think?

http://upload.wikimedia.org/wikipedia/commons/5/58/NZ_Govt_debt_1990-2011.svg

[rustyrobot]

I'm so glad they are clamping down on little kids who do paper rounds, those suckers have been bleeding this country dry for years. :facepalm:

264043

[Swoop]

talk about disincentivise kids to go and get jobs. (Or, give them an early introduction to the black economy)
Most definately! What a way to teach kids that the best way to get money ISN'T to go out and EARN it. Paper run?? Why bother earning fuck-all when you lose out to the tax? Great incentives for the kids.
Frikkin' stupid decision by English.

Where it went wrong for Cullen is ...
Wasting it all on chewing-gum bribes and a broken trainset prior to being kicked out.

[Tigadee]

Do ya think?
http://upload.wikimedia.org/wikipedia/commons/5/58/NZ_Govt_debt_1990-2011.svg

Of a white box with a red X in the middle?

[Virago]

crap. they target EVERY low income demographic in just that manner. solo mums, benny bludgers, students whatever.

I actually agree with you by the way. talk about disincentivise kids to go and get jobs. (Or, give them an early introduction to the black economy)

The other groups you refer to are all beneficiaries in one form or another. I think it's unreasonable to single out one group of tax-paying wage earners, and say "You can't submit a tax return on the basis that the average income of your peers is too low, and has nothing to do with how much you actually earn."

A hard-working youngster could easily earn say $6K a year doing various part-time work. Especially if working several jobs, they may be entitled to a reasonable tax refund - but they now can't claim. Meanwhile, their stay-at-home mum who earned maybe $2K helping out in a friend's shop occasionally, can still apply for a miniscule refund. The situation is discriminatory and inequitable.

[FJRider]

It may be a minor issue, but I'm rather outraged by the ban on children submitting tax returns. I can understand the cost to the taxpayer of frivolously small tax returns and refund claims, but why not target that issue, instead of victimising a social demographic based on (not necessarily accurate) expected income? They wouldn't get away with targetting any other low-income demographic in this manner.

I dont believe it will be all that bad. Their IRD number will be with them for life ... and as such, their entitlements of any returns will stay in the system. On THEIR file. Later rather than sooner they will get it added (or deducted) to/from money owed to/from the IRD.

If they declared the earnings from babysitting, pocket money, birthday/christmas gift money's ... they may be in a different tax bracket ... and/or have NONE owed ... and have to PAY more ....

With the possibility of charges of non declaration of income.

Be careful what you ask for ... it may bite them in the ass ...

[MisterD]

Michael Cullen did a good job as Minister of Finance

I st rted l ug ing so rd my PC cr s ed nd now my ' ' nd ' ' keys re broken.

[Asher]

I dont believe it will be all that bad. Their IRD number will be with them for life ... and as such, their entitlements of any returns will stay in the system. On THEIR file. Later rather than sooner they will get it added (or deducted) to/from money owed to/from the IRD.
Except you only have 5 or 7 years (i forget the exact time) to declare tax refunds, which is fine if you are working at 16 but not if you are younger.

[schrodingers cat]

I know its the interweb and all that but did anyone else find the forum troll deeply offensive?

[ellipsis]

Dear Mr. Key


Please find below our suggestion for fixing NZ's economy.


Instead of giving billions of dollars to banks that will squander the money on lavish parties and unearned bonuses, use the following plan..
You can call it the Patriotic Retirement Plan:


There are about 200,000 people over 50 in the work force.


Pay them $1 million each severance for early retirement with the following stipulations:


1) They MUST retire.
200,000 job openings - unemployment fixed


2) They MUST buy a new car.
200,000 cars ordered - Car Industry fixed


3) They MUST either buy a house or pay off their mortgage -
Housing Crisis fixed


4) They MUST send their kids to school/college/university -
Crime rate fixed


5) They MUST buy $100 WORTH of alcohol/tobacco a week .......
and there's your money back in duty/tax etc


6) Instead of stuffing around with the carbon emissions trading scheme that makes us pay for the major polluters, tell the greedy b......s to reduce their pollution emissions by 75% within 5 years or we shut them down.


It can't get any easier than that!


P.S. If more money is needed, have all members of parliament pay back their falsely claimed expenses and second home allowances



Also .

Let's put the pensioners in jail and the criminals in a nursing home.


This way the pensioners would have access to showers, hobbies and walks.
They'd receive unlimited free prescriptions, dental and medical treatment, wheel chairs etc and they'd receive money instead of paying it out.
They would have constant video monitoring, so they could be helped instantly, if they fell, or needed assistance.
Bedding would be washed twice a week, and all clothing would be ironed and returned to them.
A guard would check on them every 20 minutes and bring their meals and snacks to their cell.
They would have family visits in a suite built for that purpose.
They would have access to a library, weight room, spiritual counselling, pool and education.
Simple clothing, shoes, slippers, PJ's and legal aid would be free, on request.
Private, secure rooms for all, with an exercise outdoor yard, with gardens.
Each senior could have a PC a TV radio and daily phone calls.
There would be a board of directors to hear complaints, and the guards would have a code of conduct that would be strictly adhered to.

The criminals would get cold food, be left all alone and unsupervised.
Lights off at 8pm, and showers once a week. Live in a tiny room and pay $600.00 per week and have no hope of ever getting out.

Think about this (more points of contention):
------------------------------------------------------------------------
THE NZ CONSTITUTION - They keep talking about drafting a Constitution for Iraq .... Why don't we just give them ours?
It was drawn up by a lot of really smart guys, it has worked for centuries and we're not using it anymore.


author unknown

[schrodingers cat]

author unknown


This tired old chestnut surfaced in America and claimed the US Constitution was the be all end all.
Given that they are the world's largest free range lunetic asylum I think I'll ignore this crock o shit.

[Oakie]

Dear Mr. Key

Please find below our suggestion for fixing NZ's economy.

Instead of giving billions of dollars to banks that will squander the money on lavish parties and unearned bonuses, use the following plan..
You can call it the Patriotic Retirement Plan:

There are about 200,000 people over 50 in the work force.

Pay them $1 million each severance for early retirement with the following stipulations:


Problem is that you first need 200 BILLION dollars to do that (200 hundred thousand million?)

[ellipsis]

....maybe the lightweight humour is a bit flippant at such a monumental time of the political year...try this one..

...knock knock..

..who's there...

...Doctor...

..Doctor Who....hahahahahaha...


...its been around since i was seven, made my kids laugh when they were seven and my grand-kids when they were seven... about as relevant as what these clowns come up with every year...it's all just words...

[puddytat]

"You're nearly a laugh but you're really a cry"

<iframe width="420" height="315" src="http://www.youtube.com/embed/fddOcE4zYXI" frameborder="0" allowfullscreen></iframe>


followed by the sheeple, helplessly passing their time in the grasslands awayyyyyyyy
<iframe width="420" height="315" src="http://www.youtube.com/embed/tcRYdVlGXNQ" frameborder="0" allowfullscreen></iframe>

[Akzle]

THE NZ CONSTITUTION - They keep talking about drafting a Constitution for Iraq .... Why don't we just give them ours?
It was drawn up by a lot of really smart guys, it has worked for centuries and we're not using it anymore.

nice post dude. lmfao.

but NZ doesn't have a constitution. the government was not formed by constitution or consent.
they are defacto. they formed when the monarchy abandoned us as a colony. yet the legislation maintains the fictitious entity "the crown" for saying things to scare you into compliance....

[mashman]

Man I hope this is true... (http://nz.news.yahoo.com/a/-/top-stories/13782150/national-to-spend-150m-doing-up-lockwoods-new-office/)

"New Zealand House will be Parliament's Speaker Lockwood Smith's new office if he becomes the next ambassador to the United Kingdom as is widely tipped. The 2012 Budget detailed a proposal to spend $150m on upgrading the embassy out of the proceeds of asset sales, though the National Party are now claiming it was a "mistake"."

[awa355]

I'm so glad they are clamping down on little kids who do paper rounds, those suckers have been bleeding this country dry for years. :facepalm:

264043

Yea! And they should've hit those sods trying to raise funds via sausage sizzles on Saturdays.:no::no:

The price outside the local Warehouse has gone up 50c to $2 a snarler, and they are not even paying taxes, It's bloody disgusting, seeing these school team fundraisers ripping poor Bill English off. I dont know how those Mums and Dads can sleep at night.

:shit:

[scumdog]

Do you really expect a lying, thieving jew with no credibility to keep a promise?

Quite right - we don't expect it from any other politician so why expect it from him!

[scumdog]

[color=#139922]

ever noticed how the whole "developed" world is in debt, except china?
perhaps the problem lies with the governments borrowing money at interest from, say, the world bank type institutions.



Yeah, and China is SO honest and open with divulging information about itself...:lol::rolleyes:

[scumdog]

I actually agree with you by the way. talk about disincentivise kids to go and get jobs. (Or, give them an early introduction to the black economy)


Hmm, during my school time when I was earning 54 cents an hour and losing 4 cents in tax (might actually have been more) I certainly didn't think "Goodness me, this IS most certainly a disincentive to working".

All I thought about was the bottom line: How much I was was going to get 'in the hnad' and what I could buy with it.

[scumdog]

I know its the interweb and all that but did anyone else find the forum troll deeply offensive?

He was born that way.
He can't help it.

So don't hurl abuse at him - pity is what he needs...:(

[mashman]

He was born that way.


No he wasn't... he learned how to be that way :msn-wink:

[Woodman]

No he wasn't... he learned how to be that way :msn-wink:

He learned something?????

[Winston001]

lmfao.

ever noticed how the whole "developed" world is in debt, except china?




That's not true. Have a look at Scandinavia, Germany, Switzerland, Saudi Arabia, India etc etc. And China has plenty of government borrowed debt too - about 26% of GDP.

[rainman]

That's not true. Have a look at Scandinavia, Germany, Switzerland, Saudi Arabia, India etc etc. And China has plenty of government borrowed debt too - about 26% of GDP.

Good thing we're following the Norwegian example and establishing a sovereign wealth fund to guard our assets and manage our possible oil boom then... oh wait.

[puddytat]

I just hope that Bill & John & Jerry just keep on with the smug smiles & disparaging comments towards the sheeple...it'll make it all that more satisfying when it gets wiped off.
though by the time that happens it'll be to late & all ....
Our Overlords are my shepherd & I matter not
They lead me down to lie, the still waters by
All the while hoping that
some one our assets will buy

the deals will be done,
in Aotearoa as in New York.
For they are the power
And in it for the glory
forever & ever....Amen.

[ellipsis]

...more like the glory of money...

[scumdog]

With the way the world economy is and with NZ being social-services top-heavy I doubt the leader of ANY party could pull a 'money-bunny' out of the hat...

[Pussy]

With the way the world economy is and with NZ being social-services top-heavy I doubt the leader of ANY party could pull a 'money-bunny' out of the hat...

In a nutshell!

[Road kill]

Because most of them will try to rip you off. It's nothing new.

That's only because their white,,,it's just how white people everywhere are,,,,aye bro:msn-wink:

[scumdog]

That's only because their white,,,it's just how white people everywhere are,,,,aye bro:msn-wink:

c'mon SMOKEU, where's the witty retort laced with facts????

[Shadowjack]

c'mon SMOKEU, where's the witty retort laced with facts????
"Laced with facts.....!!"

Oh, how I laughed...