2011 Budget

[Toaster]

What really fingers my prostate is the fact these MP's keep accepting payrises year on year and yet tell the rest of us to tighten our belts and suck it up.

[jazfender]

So I was watching 3 news on all this budget malarky tonight and they were trying to paint a picture of people in hardship getting hit harder by this budget.

I'm trying to get my head around this but from what I saw, the cuts that affect most people amount to JACK SHIT.

They had this giant stamp of [-$2.55] per week across the story of some fat bitch on $60k (that'd be nice) and tried to seriously say that she was being hard done by.

Minus two dollars and fifty five cents a week. Oh fucking call the mayor! The only people that would affect are well below the poverty line, not chewing $60k.

Shit, what is she going to do without that extra snickers bar a week?

[Mully]

What really fingers my prostate

Wait, so is that a good thing or a bad thing??

[Winston001]

i wasn't expecting that.

nobody expects the spanish inquisition!!!!

[rainman]

Kiwis are mad.

Nah. Just stupid.

...continual fear, and danger of violent death; and the life of man, solitary, poor, nasty, brutish, and short.

First noble truth, innit?

I still remember visiting Singapore - the kiwi dollar was heeeeps compared to their rice paper. We were the rich whities. Now....the roles are reversed - so we have this anti-asian attitude in our country.

Seriously, you want to emulate Singapore?

As expected Our Masters will sell stakes in Genesis Energy, Meridian, Mighty River Power and olid Energy.

Really, really, REALLY stupid and shortsighted to sell of shares in profitable and strategically important businesses that will increase in value significantly over the next few years. I never had a lot of confidence in English as a finance minister, but WTF? Does the guy have no understanding of commerce and business?

Um, that would be a NO. He's a ferkin eejit.

[Ender EnZed]

I'm glad to hear rumours of them finally sorting the student allowance.

Nothing has changed in this budget though has it? And, out of curiousity, what do you propose happen to it? Not what's wrong with it at the moment, but what you would like it to be.

[Winston001]

As expected Our Masters will sell stakes in Genesis Energy, Meridian, Mighty River Power and olid Energy.

Really, really, REALLY stupid and shortsighted to sell of shares in profitable and strategically important businesses that will increase in value significantly over the next few years.

I never had a lot of confidence in English as a finance minister, but WTF? Does the guy have no understanding of commerce and business?

I'm not keen on selling 49% of these companies but recently I needed to do the same thing. Reality can be hard.

As for Bill English, he's an astute guy from a farming background which makes him grounded and practical. I should add that Michael Cullen was also a good Minister of Finance particularly considering he was a history professor before entering parliament. I suspect both men share similar economic views even if they can never say that.

If the idiots in Wellington do anything to Kiwisaver it should be to increase contribution rates by all three parties. They can then issue bonds that can be purchased by mum and dad investors via the Kiwisaver fund managers which means they're borrowing money from us and we keep our assets.

Agreed. A national compulsory superannuation scheme is a no-brainer. Thats the problem with Kiwisaver - its optional.

But I don't see why the taxpayer should subsidise it. No govt contributions are necessary.

[Fatt Max]

Muzz the Prez is kind of catchy....

+1 to that bruvvas

[rainman]

I'm not keen on selling 49% of these companies but recently I needed to do the same thing. Reality can be hard.

We don't NEED to sell the power companies. There are plenty of alternatives.

[Brian d marge]

nobody expects the spanish inquisition!!!!

sorry couldnt resist .......



Stephen

[rainman]

Gross Domestic Product (GDP) growth is forecast to reach 4% next year and the economy is forecast to create 170,000 new jobs over the next four years.
...
The economic forecasts envisage an acceleration in growth to levels last seen in the first half of past decade.

I think we should cut the dope subsidy for Treasury...

[superman]

I own a business, but I'm obviously doing it wrong. Care to explain how that write-off shit works?

Lol I'm sure you know exactly how it works , it's the same way farmers pay $1500 tax per year. Clever accounting. I'm not against claiming off for businesses, I'm against these rich little shits that get money for free they don't have to pay back even though their parents are well off. It takes no account for wealth just straight taxable income which is definitely a flawed system.

[superman]

Nothing has changed in this budget though has it? And, out of curiousity, what do you propose happen to it? Not what's wrong with it at the moment, but what you would like it to be.

I don't know... some how fix it that the people I went to school with that were paying 12k a year in school fees don't get $150 of free money every week!

[Winston001]

I don't know... some how fix it that the people I went to school with that were paying 12k a year in school fees don't get $150 of free money every week!

To be honest this sort of clever structuring of family incomes annoys me too - and I've probably helped a few as a side-effect of succession planning. Tax avoidance though is a stupid reason to make life complicated.

But overall not many people can do this out of the 47,000 students in NZ. Yes it happens but not much.

[Maha]

John Key is a man of two faces...
Get him into a one on one interview and hes all calm an d collect...
Yesterday, he couldn't even look Goff in the eye went he was his rant.
Calling the labour party 'Hobbit haters/muppets and a Ring Binder Party. (National being a iPOD Party)
Came across as twat really...he was very close to being a Downs kid im sure.