The value of money has dropped by two thirds in 30 years

[mashman]

Why would you need a cool million to buy a 1 pound house?

Seems to me that at that price you're already perilously close to giving a house to the unemployed, why aren't they buying them, are they waiting for someone to give them the pound?

To buy lots of them.

The houses need work and that takes money that the unemployed don't have and likely skills that they don't have either. So you're gonna have to pay for a builder(s) to teach the unemployed tasks that they can handle. In return they get their dole and they get a house at the end of it. If they end up unemployed, the govt won't have to pay their rent which will save the govt money.

[Ocean1]

No its just there is a lot more of them.
Estimates are that 2% of world population own around 50% of world wealth, and around 8% of world population owns more than 85% of world wealth.

This percentage is is rising.

Tax is just for those that can't afford to avoid it.

Some governments tax wealth, but the vast majority tax income.

So tell me about the top 2% INCOME earners and how much tax they pay. How much do the top 8% earners pay?

I don't know anyone who doesn't pay tax, I tend to think of such entities the same way I do Yeti, the Easter Bunny, etc. I know they exist because people tell me so, but my experiences of the very wealthy people I know is that they all pay a lot more tax than I do, even the couple I know with incomes lower than mine.

[Ocean1]

To buy lots of them.

The houses need work and that takes money that the unemployed don't have and likely skills that they don't have either. So you're gonna have to pay for a builder(s) to teach the unemployed tasks that they can handle. In return they get their dole and they get a house at the end of it. If they end up unemployed, the govt won't have to pay their rent which will save the govt money.

Meh, if lots of 'em is a good deal then so is one. I came quite close to buying a small town once. Not sure if I would have survived it but I sorta regret that I didn't give it a harder nudge than I did at the time...

Anyway, so, the reason they can't afford a 1 pound house is the same reason they don't have a job. No marketable skills.

The idea sounds good though. Except I've had nawt but failure from giving people shit for nothing. Don't work. They simply don't value it.

[mashman]

Meh, if lots of 'em is a good deal then so is one. I came quite close to buying a small town once. Not sure if I would have survived it but I sorta regret that I didn't give it a harder nudge than I did at the time...

Anyway, so, the reason they can't afford a 1 pound house is the same reason they don't have a job. No marketable skills.

The idea sounds good though. Except I've had nawt but failure from giving people shit for nothing. Don't work. They simply don't value it.

There are plenty of unemployed people out there who are more than capable and absolutely have the drive to retrain and put in the effort, however the jobs aren't there and without the experience people like yourself will view them as no hopers with no marketable skills. Fortunately off the wall cunts like myself will look past such trivialities and learned pre-conceptions in order to find out if the so called useless are actually useless or whether they don't have a face that fits (i.e. no marketable skills). Essentially the million could be several billion.

[husaberg]

Some governments tax wealth, but the vast majority tax income.

So tell me about the top 2% INCOME earners and how much tax they pay. How much do the top 8% earners pay?

I don't know anyone who doesn't pay tax, I tend to think of such entities the same way I do Yeti, the Easter Bunny, etc. I know they exist because people tell me so, but my experiences of the very wealthy people I know is that they all pay a lot more tax than I do, even the couple I know with incomes lower than mine.

Did you click on the links.........

How much really as a percent of income do you think the real top earners pay with the access to all the best shelters. A registered address such as Monacco helps.

I one dollar house deal
You set up a company with a pasty.
what you do is buy the houses but before you do get them valued way over what you pay that way you already have your deposit and working capital.
You then get a grant from the goverment to do them up as low cost housing.
You then get a separate grant to train the people to be builders and use them as free labour.
You then bring in a heap of migrants and charge them for living there while you do them up.
You use all the money you borrowed with over inflated bills for the costs of planning and consultation declare bankruptcy and take off with all the rest of the money.

Then your mate buys the houses cheap for what the bank is owed.

[mashman]

I one dollar house deal
You set up a company with a pasty.
what you do is buy the houses but before you do get them valued way over what you pay that way you already have your deposit and working capital.
You then get a grant from the goverment to do them up as low cost housing.
You then get a separate grant to train the people to be builders and use them as free labour.
You then bring in a heap of migrants and charge them for living there while you do them up.
You use all the money you borrowed with over inflated bills for the costs of planning and consultation declare bankruptcy and take off with all the rest of the money.

Then your mate buys the houses cheap for what the bank is owed.

There is that danger... however there are systems in place to counteract such fraud. I know this as I wrote one of them that saved the govt 22 million quid per year. That and I'd rather see a little waste if it means that most benefit from the "project".

[husaberg]

There is that danger... however there are systems in place to counteract such fraud. I know this as I wrote one of them that saved the govt 22 million quid per year. That and I'd rather see a little waste if it means that most benefit from the "project".

I missed out the outsourcing of the trainees as Labourers to a building company yes it was a gross over exaggeration for effect, but this sort of shit unfortunately happens. happening in CHCH now.

[husaberg]

Meh, if lots of 'em is a good deal then so is one. I came quite close to buying a small town once. Not sure if I would have survived it but I sorta regret that I didn't give it a harder nudge than I did at the time...

Was it Otira?

[Brian d marge]

Was it Otira?

Haha I looked at that as well

Still do sometimes
Stephen

[husaberg]

Haha I looked at that as well

Still do sometimes
Stephen

I think it has gone up a bit in price now, 2 or 2.5 million i think it was last time it was in the paper.
Maybe the money doesn't go quite as far these days.

[blue rider]

Will Britain slide into a triple dip recession (or has it already done so?)

all the lazy bludgers......

http://blogs.spectator.co.uk/coffeeh...ts-aaa-rating/



oh all those lazy bludgers


http://www.independent.co.uk/news/uk...n-8585275.html



yep still lazy those bludgers

http://blogs.spectator.co.uk/fraser-...-three-graphs/


of course its the fault of those lazy bludgers


http://www.guardian.co.uk/business/2...sion-views-ons

[Ocean1]

Did you click on the links.........

How much really as a percent of income do you think the real top earners pay with the access to all the best shelters. A registered address such as Monacco helps.

I did. They refered to members of the top half dozen international busineses legally avoiding tax, what's that got to do with the top 8% earning individuals' tax liabilities?

I don't like the behaviour of a lot of large businesses, and I'd like to see rules changed to encourage them to be better citizens of whatever country they're operating in. But unlike individuals they're free to operate wherever they want, and they're big enough to insist on some say in how that works. If NZ insisted on standing alone amongst every other country in preventing them moving capital off-shore we'd be joining the ranks of the third world inside a year.

Until you get the world's big economies to agree to limits on shuffling cash around it won't change. We're the little guys, we don't get to dictate terms.

[Ocean1]

Was it Otira?

It wasn't.

[husaberg]

I did. They refered to members of the top half dozen international busineses legally avoiding tax, what's that got to do with the top 8% earning individuals' tax liabilities?

I don't like the behaviour of a lot of large businesses, and I'd like to see rules changed to encourage them to be better citizens of whatever country they're operating in. But unlike individuals they're free to operate wherever they want, and they're big enough to insist on some say in how that works. If NZ insisted on standing alone amongst every other country in preventing them moving capital off-shore we'd be joining the ranks of the third world inside a year.

Until you get the world's big economies to agree to limits on shuffling cash around it won't change. We're the little guys, we don't get to dictate terms.

Sorry i don't agree if it keeps going the way it is we will be a third world country regardless.
Why do we have to change labour laws to suit Hollywood why do we have to further subsidize Rio Tinto with the Aluminum smelter they have had cheap power at our expense for the last 30 years that was the deal now they say, oh the heavily discounted market price we have tp pay now is too dear.

The corperate's will still do business in the markets China is great example of this they have to pay to enter China.

Chains like Walmart Kmart and the Warehouse destroy local economies.

[Ocean1]

Sorry i don't agree if it keeps going the way it is we will be a third world country regardless.

What's the difference between the current 1st world NZ and most 3rd world nations?

Why do we have to change labour laws to suit Hollywood

Yes, let's be clear, here the change was for that particular industry and defined who was regarded as am employee and who was a sub-contractor. If the, (Australian) union had their way then firstly the industry would have had to treat extras as permanent employees, (they were particularly insistent that they were entitled to redundancy at termination of contract) and secondly the industry in NZ would have perished with all hands for ever more, making the nation a laughing stock.

why do we have to further subsidize Rio Tinto with the Aluminum smelter they have had cheap power at our expense for the last 30 years that was the deal now they say, oh the heavily discounted market price we have tp pay now is too dear.

In fact the deal between the NZ govt and Comalco was the justification for building Manapouri, and largely financed it. So you could argue that Tiwai Point effectively subsidised NZ's power industry right up to the point where public power consumption would have consumed it's full capacity. Whatever price they now pay is a function of negotiation between supplier and consumer, as it should be.

The corperate's will still do business in the markets China is great example of this they have to pay to enter China.

Yes. China has something they want, acccess to the world's largest market. Minnows like us have absolutely nothing they need.

Chains like Walmart Kmart and the Warehouse destroy local economies.

They certainly make local competitors a bit sick I agree, competitors the Commerce Commission are supposed to protect and foster.