Should we start a "broken promises" list?
We already have:
1: Tax on water = broken.
2:
TOP QUOTE: “The problem with socialism is that sooner or later you run out of other people’s money.”
You can't have your cake AND eat it!
NZ = small right wing capitalist economy. It's not wealthy enough to be anything else, unless it drops the green thing and starts mining/quarrying/drilling its vast wealth in natural resources (Aussie style). Jacinda wants to reinvent the wheel, because she thinks, whilst her style of policies has failed everywhere else in the world, for similar sized economies, she'll make them work.
When a small capitalist country, like NZ, starts spending money on social projects that the country can't afford, the markets will descend into free-fall, to find a level appropriate to the new economic model. We'll see what that is, once the spending starts. No point saying "I told you so", as it is Economics 101. This adjustment is well overdue.
The people of New Zealand (some of them) have made the decision that, social neglect has reached the point where attention to it is far more important than international standing, foreign investment, and not borrowing vast amounts of money the country can't afford to pay back. Let's all respect that decision and at least give them a chance.
There's not a lot of cash in NZ, so policies that discourage foreign investment, will be a serious mistake. Interest rates, taxation, and blatant racism, need to be considered seriously, prior to implementation. Hiring Bill English, as a finance consultant, might be a good idea. He's been pretty good on that front.
This won't be a bad thing for all, so let's just see where it goes. A nice bit of resulting hyper-inflation will give many of us relatively free houses. Not the no-hopers though, they'll still be sucking off the economy, but that goes with the territory and they will have even less motivation to get off their arses.
ANOTHER PLUS - NZ will be far more attractive place to do business with, with the currency being 5% - 10% cheaper (which is a good thing). AND as a strong exporter, with free trade agreements around the world, you never know, it might just work!
No idea as to how it will actually all play out, but it will certainly be fun to watch. I can't wait to see WP/GREENS fighting the socialist stuff out.
There's no such thing as bad news, if you have the right attitude![]()
Go soothingly on the grease mud, as there lurks the skid demon
Sadly you disrespect my right to represent the "leftist/labour/democrat" way of doing buisness. Protesting, moaning rioting in the streets when you don't get your way is the accepted practice, don't cha know!
You, being a professional moaning wanker, should know this already.
TOP QUOTE: “The problem with socialism is that sooner or later you run out of other people’s money.”
This is for Crasher, to show there's no hard feelings:
"Look, Madame, where we live, look how we live ... look at the life we have...The Republic has forgotten us."
TOP QUOTE: “The problem with socialism is that sooner or later you run out of other people’s money.”
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