The returns on property don’t seem worth it anymore

[Perry]

Tall Poppy Syndrome

I think Gareth Morgan's policies, while unpopular do resolve the need for increasing tax to pay for pensions.

The problem with "cat man moregun" and others of his ilk is that they are symptom-chasers; they are certainly not cause-considerers.

As an illustration, how often do we hear from taxpayer-cash-splurging gummints and ratepayer-cash-splurging councils that they need to increase revenue?

Weekly? Daily? Monthly?

How often do we hear from taxpayer-cash-splurging gummints and ratepayer-cash-splurging councils that they need to become more efficient, cost-effective and decrease expenditure?

Never? Never? And never.

Empire builders all.

Hypocritical, cretinous scum, the lot of 'em. Comrade socio-commies et al.

[OnTheMove]

The problem with "cat man moregun" and others of his ilk is that they are symptom-chasers; they are certainly not cause-considerers.

Perhaps, but you do love your Gum-Nits Perry ;-p

I think the pension one was a future cause consideration, ie Auckland being over run with immigrants with no jobs who cant pay Auckland rents so cant pay the taxes to feed Boomers retirement. In that regard I think its a simple plan that the majority who aren't uber wealthy will agree with and even the guys who are rich really dont need the pittance it provides. but to some its what they need to survive, elderly with no income but are freehold etc.

Also at least he puts his money where his mouse is. As you know the Mrs is a double Dr in Biology/Zoology and has passed this on to me via my many unfit volunteer trips for Ecological projects, so Im with him on eradicating Cats. Even the fattest cat can catch endangered reptiles or birds that are all around our suburban areas. But this one seemed impossible with the mice so dense they were feeding off the Albatross, live. But the team won and for that I say good on ya Morgs. A man unlike the D head who was showing off that he claims the fiscal tax based pension, he does not and believes its morally wrong, I cant find fault with that.

Who knows if assett testing meant the personal debt to GDP ratio was lower then thats a good thing for protection of the Bloomberg "effect" (my new terminology for the phenomena haha)

https://www.youtube.com/watch?v=VEE81x7aHI4

[sidinz]

I was of the opinion that the "more equal" times in recent memory that people keep harking back to were a 'golden age' that was never to be repeated and that things were regressing to the historical norm (however unpalatable it might seem to many) of there being great inequality.

I based this on these observations:
- that the same pattern was being seen across the allied nations of WWII which all would have benefitted from reparation monies flowing in, during this era
- NZ had a protectionist scheme of 1) guaranteed exports to the UK at high prices and 2) high trade tariffs which kept local goods expensive and wages to produce them high
- that until the world wars, there had always, for centuries (if not millennia) been big gaps between the rich and the poor

Then I found this article and realised that my beliefs/observations were the tip of the iceberg: Catastrophe and Equality

More on the theme

So it would seem that inequality is the natural order of things, no matter how undesirable that may seem to egalitarian NZ. Which brings up questions of should we try to artificially alter it, to construct a more equal society in when people are simply not born with equal abilities and ambitions and how would we do that without punishing the people who work hard to build up what they have?

[Perry]

So it would seem that inequality is the natural order of things, no matter how undesirable that may seem to egalitarian NZ. Which brings up questions of should we try to artificially alter it, to construct a more equal society in when people are simply not born with equal abilities and ambitions and how would we do that without punishing the people who work hard to build up what they have?

When you have the answer to that, you will be a redoubtable guru, wise beyond measure. (But one whom Taxcindarella and Klump Jump Jong from NK will not be consulting.)

Think of the parable of the talents. And . . .

"For always there will be greater and lesser persons than you."

That's the problem with socialism. It's a fake pie-in-the-sky fantasy nostrum, conceived by the woolly-headed, separated-from-reality do-gooders, of which there are far too many.

One only has to look at places that are or were communist or some sort of hybrid. The 'system' worked only by fear, enforced by an army of secret service agents. Plus the "some more equal than others" syndrome, etc. On and on it could go.

[Perry]

What Do You Make of Them?

A couple of passably interesting filler articles while the fake media people are still mostly on holiday.

Record-breaking end to 2019 for property market, Realestate.co.nz says
7 Jan 2020

New Zealand's property market rounded off 2019 firmly in sellers' hands, new data from property listings website Realestate.co.nz shows. It experienced a record national average asking price of $703,780 in December and record lows in new listings and total homes available for sale. Spokeswoman Vanessa Taylor said it was the first time the site had recorded all three milestones in one month.

"There have been years where we have seen a combination of two, but never all three. Low stock, teamed with high asking prices sees us close out the decade as a strong sellers' market," she said.

House prices will continue their steady growth in 2020, but let's wait and see about this election
5 Jan 2020

OPINION: After an unprecedented five years of growth, the high end residential market experienced some speed wobbles over the past two years. The main reasons for the slow down were the introduction of a foreign buyer ban and a new Labour-led government that campaigned on slowing the market, which resulted in a loss of confidence.

We believe the five or so years of mega growth was the 'correction'. Before 2012-13 high end property, especially Auckland waterfront property, was hugely undervalued. Over the past year and a half the market has found its way back to steady and sustainable growth.

[Perry]

Tut, tut.

Then I found this article and realised that my beliefs/observations were the tip of the iceberg:
Catastrophe and Equality

More on the theme

Very provocative reading. Thanks for those links.

The neo-liberal / socio-commies abroad in NZ would get severe indigestion from this comment:

The neoliberal turn of the 1980s – encompassing tax cuts, privatisation and deregulation – has widened inequality in almost every Western state.

[Beano]

They didnt really suggest a rate did they? CGT I have no issue with, am use to it in Aus. Wealth tax, well it will never effect me haha. But does seem a bit like, you can be a capitalist but we will restrict you.
(I wanted to know if he backs his views with his actions

Heck a property correction is enough of a concern to be worrying about wealth tax.

I do believe pensions should be assett tested. Who was that mazillionaire who is claiming the pension and was laughing at us all about it ? I think Gareth Morgans policies while unpopular do resolve the need for increasing tax to pay for pensions.

Will Boomers be the last Gen to see pensions?

I asked Gareth Morgan if he accepted the pension or refused it in 2018 ...he did not answer.

[OnTheMove]

I must say that ball from Spacemans link really made me realise how under appreciated Danny Morrison was. And makes me realise how over valued Gavin Larsen currently is and we not only need a new selector but also to have Captain Kane's nose out of the pudding.