Heard talk of a tax cut to stimulate spending.
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Tax And More Tax
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Questions are usually followed by a question mark Perry.
And I should say, my questions are followed by question marks.
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^^^ Murmur came from Newstalk ZB interviewing the National Finance Spokesman. Although the word spokesperson is a PC word, it does have the word "son" in it which is gender specific so I use that word with some trepidation.
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History May Repeat Itself
Originally posted by Monsterbishi View PostI'm picking tax cuts, they're the easiest way to buy votes immediately prior to the election and the responsibility for the disastrous side effects can be brushed off afterwards.
In 1957, Labour promised a one hundred pounds* income tax refund to every working man if it was elected. The bribe worked. Labour was elected, but the country was nearly sent broke, as a consequence.
Nordie's** Black Budget followed, soon after. (See items listed below.)
At the next GE, Labour was then consigned to the political wilderness, as a reward for shafting "the working class."
Originally posted by WikipediaIn New Zealand, the term Black Budget refers to the government budget of 26 June 1958, in which Minister of Finance Arnold Nordmeyer increased taxes on beer, tobacco, cars and petrol.
* Somewhere between 12 and 14 thousand dollars, in 2020 terms.
** Nordie= Arnold Nordmeyer, Labour's Minister of Finance.Last edited by Perry; 26-04-2020, 06:10 PM.
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Originally posted by apartmental View Post
Imagine it - first they destroy the economy and decimate our net worth with the most draconian lockdowns next to China, then they tax what's left of our assets at the very time we're all struggling financially. Words fail me.
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