Asset sale protests!

[Flip]

More of that bullshit political rhetoric. Who exactly are these wealthy that keep getting wealthier (off the back of Key)? I know a few wealthy blokes and not one of them made their coin through anything but sheer hard and clever work. It seems that the the opposition have developed a typical political battle cry (John Key's just looking after his mates) which is what the opposition do and this has simply been picked up by those amongst the public who didn't vote/don't support John Key. We would be in no better position under a labour lead government...especially not if Goff had got in, at least Shearer seems to have a bit more nouse. John Key certainly ain't perfect, but who would be doing a better job right now?

The debt the reserve bank reports on is the total debt that includes all overseas borrowing by private banks, credit card and finance companies and the funds to run the goverment.

When the SOE's are sold off the goverments books will look really good but the income from the sale will not be used to repay any private lending.

But the lost income from the SOE's wont go back to lighten the income tax load. Also in the short term the govts books will look good so the Nat govt will cut the tax rate, guess who will get the tax cut? It's a right wing goverment.

[Quasievil]

guess who will get the tax cut? It's a right wing goverment.

The ones who pay it ?

[oneofsix]

The debt the reserve bank reports on is the total debt that includes all overseas borrowing by private banks, credit card and finance companies and the funds to run the goverment.

...

so the Nat govt will cut the tax rate, guess who will get the tax cut? .

The overseas owned companies that are driving the overseas debt so we can attract more overseas owned companies.

[Flip]

The ones who pay it ?

.......are not the ones who need it!

All I see here is a load of political smoke and mirrors, the goverment is using a strong public desire to pay off debt to steal the capital value from the SOE's and transfer it to the filthy rich.

They are disposing of our assets at a fire sale price, selling it to their mates in the BRT. Paying off the goverment debt and not the private debt, which will fix NOTHING.

From the outside it is so obvious to me what the National Party is doing here, well time will tell, in this case I am certan I am right.

[oldrider]

The debt the reserve bank reports on is the total debt that includes all overseas borrowing by private banks, credit card and finance companies and the funds to run the goverment.

When the SOE's are sold off the goverments books will look really good but the income from the sale will not be used to repay any private lending.

But the lost income from the SOE's wont go back to lighten the income tax load. Also in the short term the govts books will look good so the Nat govt will cut the tax rate, guess who will get the tax cut? It's a right wing goverment.

No it's not!

This is a left wing government that looks over the fence at right wing policies to try and establish a point of difference or maybe even get some political traction!

To try to be otherwise in NZ would simply lead to political oblivion .... don't believe that? ask the ACT party how things are going these days!

This is a left wing country with a long established left wing electorate! ... This country reaps what it sows!

[oneofsix]

No it's not!

This is a left wing government that looks over the fence at right wing policies to try and establish a point of difference or maybe even get some political traction!

To try to be otherwise in NZ would simply lead to political oblivion .... don't believe that? ask the ACT party how things are going these days!

This is a left wing country with a long established left wing electorate! ... This country reaps what it sows!

Left wing country? and you call yourself "oldrider"? Have you forgot Sir Rob, Sir Keith Jacka et al. Used to be at least 3 terms Nat, one term Lab, then at least another 3 term Nat.
You be seeing reds under your bed, time to raise your head.

[BoristheBiter]

.......are not the ones who need it!

All I see here is a load of political smoke and mirrors, the goverment is using a strong public desire to pay off debt to steal the capital value from the SOE's and transfer it to the filthy rich.

They are disposing of our assets at a fire sale price, selling it to their mates in the BRT. Paying off the goverment debt and not the private debt, which will fix NOTHING.

From the outside it is so obvious to me what the National Party is doing here, well time will tell, in this case I am certan I am right.

Ah Labour speak for "we have no clue so we shall make some shit up the scare the common folk".

I must be one of the "rich pricks" that people like you keep harping on about, and if that is so, then fuck me the country is broke.

I for one will be buying some shares in the SOE, a good investment for what I can see so far.

[superman]

I'm scraping together all the money I can to buy into these shares. Need to build a good portfolio, and no better age to start then ASAP. Especially with such stable investments.

I imagine these partial sales will bring lots of New Zealanders who have never bothered with shares to finally start investing. NZ has terrible stock investment rates compared to most western countries...

[Swoop]

I was thinking, more, iron ball fastened to ankle with steel strap, doing 10 yrs work in a quarry with a large hammer........well......we need extra basecourse for all those new roads the Gov. want's to build.........

Hmm. I was thinking of giving them shovels and pickaxes and telling them to dig a new rail network under Auckland.

I left NZ to set up my business in Singapore because I got zero help and max aggravation from the NZ beauracracy and exactly the opposite from Singapore.

There are a few on here that think we need the beauracracy, not substantially decrease it!

[BoristheBiter]

I'm scraping together all the money I can to buy into these shares. Need to build a good portfolio, and no better age to start then ASAP. Especially with such stable investments.

I imagine these partial sales will bring lots of New Zealanders who have never bothered with shares to finally start investing. NZ has terrible stock investment rates compared to most western countries...

Top job as it is about time people stopped thinking that housing is a be all and end all of investing for one's future.

[Oscar]

No I liken it to owning a good cashed up business that makes a good ROI and selling it cheap to your mates! It's a crock of political shit.

Secondly NZ has a relatively low debt level, it's not goverment debt, that's the problem its private debt. So why is the goverment selling the Kiwi peoples assets?

Some voting morons (sheep) brought into the idea that selling the SOE's will pay off their private household debt, well durr! All this is is smoke and mirrors to transfer as many high capital state owned assets into the hands of the fucking filthy rich. Who is not you and me!

In the fullness of time all that is going to happen is the BRT will get its hands on our assets and run them into the ground and your tax will go up, ie ACC on Motorcycles, road tax for small diesel vehicles any thing to bag the average man. Under a right wing goverment the ritch get ritcher and the poor get poorer, thats what they do.

Cashed up business?
What nonsense - the Govt has an operating deficit of $14b!!

As for the rest of your post, you seem to have an active imagination. I've never seen anyone claiming that buying these shares will pay off private debt. I'd also be interested in how the BRT "..gets it's hands on..", and runs these SOE's into the ground when the maximum shareholding is 49%. I'll give you left wingers credit - you tell a good yarn...

[oneofsix]

I'm scraping together all the money I can to buy into these shares. Need to build a good portfolio, and no better age to start then ASAP. Especially with such stable investments.

I imagine these partial sales will bring lots of New Zealanders who have never bothered with shares to finally start investing. NZ has terrible stock investment rates compared to most western countries...

Good luck with that. Telecom looked a solid investment when it first floated too.
NZ stocks have a terrible record of the CEO etc getting out with the money while the ma and pa investor loses their house, car and shirt.

[superman]

Good luck with that. Telecom looked a solid investment when it first floated too.
NZ stocks have a terrible record of the CEO etc getting out with the money while the ma and pa investor loses their house, car and shirt.

Well you don't put all your eggs in one basket now do you...

Bad diversity of investment will likely yield bad results.

[Quasievil]

.......are not the ones who need it!

All I see here is a load of political smoke and mirrors, the goverment is using a strong public desire to pay off debt to steal the capital value from the SOE's and transfer it to the filthy rich.

They are disposing of our assets at a fire sale price, selling it to their mates in the BRT. Paying off the goverment debt and not the private debt, which will fix NOTHING.

From the outside it is so obvious to me what the National Party is doing here, well time will tell, in this case I am certan I am right.

Wow, you got it Bad !!

So if you dont pay Tax you should get some MORE money from the Government, thats our problem, gravy train free loading !!

Love the Filthy Rich comment, sheesh you got to be joking !

[oneofsix]

Wow, you got it Bad !!

So if you dont pay Tax you should get some MORE money from the Government, thats our problem, gravy train free loading !!

Love the Filthy Rich comment, sheesh you got to be joking !

The only ones that don't pay taxes are the ones rich enough to avoid them. Even the dole bludgers pay taxes even if they use our taxes to do it and they can't afford to buy overseas to avoid the GST.