Govt assault on young 'uns continues

[Banditbandit]

So now you're saying that the filthy rich CEO puts his extra $$$'s under the bed, thereby taking them out of circulation?

You still haven't explain you contention that the Aussies somehow do it differently.

Or ties it up in property, thereby taking it out of circulation

Or ties it up in shares, thereby taking it out of circulation (don't tell me that investing in the stock market is investing in a company - for people who buy and sell on the stock exchange that is just bullshit ... only if you invest in setting up a company is that true)

[oneofsix]

So now you're saying that the filthy rich CEO puts his extra $$$'s under the bed, thereby taking them out of circulation?

You still haven't explain you contention that the Aussies somehow do it differently.

virtually yes in that they feather their nest, store it in overpriced property paying the money to other fat cats or salting it away in overseas banks or investments.

Yes I have but none so deaf ... it was in the post about Unions and feeding the dollar in at the bottom.

[Oscar]

Or ties it up in property, thereby taking it out of circulation

Or ties it up in shares, thereby taking it out of circulation (don't tell me that investing in the stock market is investing in a company - for people who buy and sell on the stock exchange that is just bullshit ... only if you invest in setting up a company is that true)

..and if those people don't buy & sell shares and the price drops?

Those companies go broke and/or are sold overseas.
Perhaps you could nationalise them, Comrade?

[Brian d marge]

you take speculation out of the housing market and you cap CEOs rates in SEOs by referendum.

IMHO

Stephen

then stand back and watch the toys come out of the cot.

[oneofsix]

..and if those people don't buy & sell shares and the price drops?

Those companies go broke and/or are sold overseas.
Perhaps you could nationalise them, Comrade?

Your examples are actually how the share market does not help companies long term and how it forces short term destructive behaviour. Shareholders in these companies don't care if it is there next year or about the company itself, only the share price on the item that happens to bear the companies name.

[Oscar]

Your examples are actually how the share market does not help companies long term and how it forces short term destructive behaviour. Shareholders in these companies don't care if it is there next year or about the company itself, only the share price on the item that happens to bear the companies name.

So you're an expert in the psychology of share trading, then?

[Banditbandit]

..and if those people don't buy & sell shares and the price drops?

Some fat cat loses money he didn't need in the first place ...

Those companies go broke and/or are sold overseas.
Perhaps you could nationalise them, Comrade?

Yes, there are some companies I would nationalize ... Important ones - electricity, for a start ...

I would also be more careful about selling companies overseas - the NZ banking industry owned by Oz took $14billion in profits last year - that's $14billion no longer in the New Zealand economy ... the tax on that money alone is $4.2billion ... how many hospitals, schools, police, roads etc would that fund? Earned by us and taken by Fat Cat Australians ... If that money stayed in GodZone then just maybe we could have reduced taxes ...


But no, not all ... some companies will not make money - no matter who owns them ... such as the West Coast coal mines .. shit the price of coal fell on the internationl market by 40% ... that's such a huge impact that industry will never be profitable at the moment - no matter who owns it ... so no, I would not nationalize companies without very good reason ...


Yes, I feel honoured that you call me comrade - tho' I am Not and have never been - a communist ...

[Oscar]

virtually yes in that they feather their nest, store it in overpriced property paying the money to other fat cats or salting it away in overseas banks or investments.

Yes I have but none so deaf ... it was in the post about Unions and feeding the dollar in at the bottom.

Yeah, the Unions in this country were so beneficial to the economy
Some of you guys must be very young or have very short memories.

[Oscar]

I would also be more careful about selling companies overseas - the NZ banking industry owned by Oz took $14billion in profits last year - that's $14billion no longer in the New Zealand economy ... the tax on that money alone is $4.2billion ... how many hospitals, schools, police, roads etc would that fund? Earned by us and taken by Fat Cat Australians ... If that money stayed in GodZone then just maybe we could have reduced taxes ...

So how did these Aussie banks get $14b out of the country without paying tax on it?
Neat trick if it were true, but it only stands to highlight some of the crap being talked hereabouts...

[oneofsix]

Yeah, the Unions in this country were so beneficial to the economy
Some of you guys must be very young or have very short memories.

Neither but obviously you can only focus on the sensational highlights. Bet you think the unions were only the freezing workers, wharfies and boiler makers or didn't you even manage to remember those 3.

[oneofsix]

you take speculation out of the housing market and you cap CEOs rates in SEOs by referendum.

IMHO

Stephen

then stand back and watch the toys come out of the cot.

Stop ex-pats and foreigners buying up NZ property

[Oscar]

Neither but obviously you can only focus on the sensational highlights. Bet you think the unions were only the freezing workers, wharfies and boiler makers or didn't you even manage to remember those 3.

It may come as a surprise to you, but I was in one.
Not only that, I was on the executive.

It taught me a couple of things - a group of people with a grudge will always seek the lowest common denominator, and that none of us are quite so stupid as all of us.

These comments also apply to most political parties.

[oneofsix]

So how did these Aussie banks get $14b out of the country without paying tax on it?
Neat trick if it were true, but it only stands to highlight some of the crap being talked hereabouts...

These would be the banks that pay their CEO over 5m per year and were being taken to court by the IRD a year or so ago. Keep watching the reports that get quickly buried, you have to look through the smoke screen occasionally.

[Brian d marge]

Stop ex-pats and foreigners buying up NZ property

speculation again ...there is is a lot of money floating around looking for some action,,,,

Stephen

[Brian d marge]

Inter company lending , or some thing like that ( not sure of details) but company A ,sets up head office in place B , then lends company B money , thus reducing its profit in country A , on which it pays tax
Company B then "buys something form company A .....

something like that anyway ....money is moved and no ,or little tax is paid

Stephen