Rogernomics was not a failure. Rogernomics was not the disease , it was the cure for years of a govt spending way beyond it's means. Bloody unpleasant medicine it may have been but if we did not take it we were stuffed.
What have we learned ?? SFA , govt spending way beyond it's means, over $300m in the red every week, unless some serious calls are made Rogernomics will be back in one form or another
I do agree the execution of Rogernomics was disgraceful, the direction was right the way it was done was not good
Brash may give the Nats the support needed for them to have the courage to make some tough calls.
Funnily enough, I was having a politics conversation with someone at work today about this
We thought that since Brash is 70, he's likely to not go much longer than one term. We wondered if this meant (provided he held enough seats to be a thorn in National's side) he'd push some of the unpopular decisions that no (future thinking) scumbags want to consider,,,
Will be interesting to see if this is the making or the breaking of the ACT party.
When you are in financial doodoo you have 2 choices does not matter whether you are an individual, business or country.
Reduce expenditure or increase earnings. The Nats are tinkering with the first & have not addressed the second
Raising taxes will achieve neither. The so called wealthy simply look to minimise their tax liability [ family trusts ] or bugger off because they can do better elsewhere
I remember when the tax rate went to 39% my accountant commented that overnight his role changed from a business advisor , helping clients to grow their business to a tax advisor , assisting his clients to minimize their tax liability.
39% + 12.5 % GST meant people could be paying over 50% tax, people would not pay it, it was a disincentive to growth
I didn't think!!! I experimented!!!
Rogernomics was forced on us by a govt that sent us broke . we were on the verge of defaulting on our financial commitments. We were unlikely secure any more credit to keep the govt afloat. Have a look at Greece, Portugal Ireland, the poms are not far behind them, would you want to be in their position. When rogernomics was born that is exactly where we were, 30 years later & while it is not all tea & bikkies we are not in the parlous state that those countries find them selves in. That may change if we don't get our house in order.
Lange always said that they did the right thing but they did it the wrong way. I would probably agree, his ' cup of tea ' was a total cop out.
Option 3 . Examples of when this has worked would be appreciated. Nth Korea is a stunning success , Cuba , outstanding.
Oh very well. But its straight to bed for you afterwards.
NZ Post and Telegraph: took 6 weeks to get a new phone connection. Telecom - same day connect.
NZ Rail - people earning $20k paid tax so a track guy could earn $40k. Ditto for the coal mines, although they weren't sold.
Actually I can't be bothered. The accurate information is easy enough to find.
One stark fact: after the 1984 election the $NZ fell 20% overnight on foreign markets when our financial position became clear. It bottomed at US$0.39.
Today NZ is regarded as a safe, stable economy and the exchange rate is US$0.80.
Bloody Aussies.![]()
Yes the idea of a political union has been discussed for over 100 years and allegedly Australian law has an open provision for NZ to become a State.
Its probably not necessary to go that far but a currency union and some economic support wouldn't go astray.
Tasmania for example is a lovely place and has roading and public facilities way above its worth. That's because the other States subsidise it. I could live with that.
That's the point and stop pointing the commy fingerOriginally Posted by trustme
unless that's as far as your imagination is willing take you
. It has never been tried before (not in the current western context anyway)... Calling it a Resource Based Economy is about the only safe haven for labelling purposes. Communism/Socialism/Collectivism/GoFuckYourselfism it is not.
So far every economic strategy has failed. Every single one. This has been proven time and time again, a millenia or 2/3/4/5 of gradually getting worse... and it isn't getting any better is it? and it doesn't look like it ever get better using the current systems does it? It isn't just the last term, or 2 terms, or 3 terms etc... that's to blame, but in NZ, pretty much since the West took over NZ from the Maori. Oddly enough a peaceful people who have had their way of life shattered in the pursuit of land, power, resources and money. No more, no less.
Yet society persists with these systems because they work? or can't think of anything better? Or do some just like it this way? Either way, I think they're all fucked in the head, in fact way beyond being fucked in the head.
What do YOU want for NZ? because the current/previous systems bring you escalating crime, massive overpopulation, societal divides, environmental devistation and turns people against each other for no real reason other than some smart cunt knows what button to push... not to mention it brings the obliteration of true innovation.
So when I say pooling resources. I mean the lot. Everything everyone living in NZ has. But it's unthinkable that someone else can have a share of what I currently have. That's the only thing stopping NZ. The politics of getting things done are just a pretty side-show for voters these days... and the flashing lights really aren't that bright any more.
Irony... Adults spending years teaching children the virtues of respect and sharing
Option 3 is filed, as best as I can tell, under Resource Based Economy.
I didn't think!!! I experimented!!!
I reckon the worst thing about that period was interest running at 18-23% which fostered a high risk, short-term investment mentality leading people to squander their life savings when the share market went *poof* overnight in '87. The interest rates stayed the same but people lost everything and were then stuck with rapidly increasing mortgage repayments.
If a man is alone in the woods and there isn't a woke Hollywood around to call him racist, is he still white?
Lovely, utopia, lets all have a cocoa & a group hug. The real world is full of people all of whom have differing wants, needs & ambitions. The human race does not do sharing, never has, never will. We are what we are, we are not about to change, there will always be leaders & followers, people who acquire & those who don't, people who aquiesse to the common good & those who protect their own interests .
The brotherhood of the human race is a crock, the Maori were a peaceful people, let me canvas a few maoiori for their opinion,
or maybe a few of the slaves captured by raiding parties
Cheap shot I guess, I think your proposal is nice but naive.
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