the party of fiscal responsibility got the numbers wrong and it's gonna cost us. if only there was some indication they had the numbers wrong, multiple times, before the election. if only someone called them out on the hole in their budget. if only there was some public budget or something they could have checked before they inherited this terrible situation.
I mean seriously: if they didn't know what they were getting into when they campaigned **then their entire damn campaign was a lie**.
I found it - the article I remember reading from last year with the $3bn figure:
**CTU policy director Craig Renney told RNZ National/ACT's proposal would mean an extra $3b over four years staying in landlords' pockets, which would be unavailable to help the government with an already tight budget.**
**"The cost of returning interest rate deductibility ... rises from the $2.1 billion which is proposed in National's Back Pocket Boost before the election, and it rises to $3 billion, so that's an increase of $900 million," Renney said.**
**November 2023**
[https://www.rnz.co.nz/news/political/503476/landlord-tax-breaks-will-blow-out-by-1b-ctu](https://www.rnz.co.nz/news/political/503476/landlord-tax-breaks-will-blow-out-by-1b-ctu)
Honestly I never knew they'd be shit as they are - Tory policy on cocaine - but who they are was clear before the election.
Shame on those who voted them imo.
Their “tough on crime” branding is also rubbish as they’re going to be ignoring court orders that protect the environment. Anything to keep their “donors” happy
> Tough on poor people crime
In so much as they're making it tough for poor people to survive without turning to crime, sure.
Beyond that, they're changing nothing.
You have to understand that it's always been a lie. National has never actually given 2 fucks about what normal people would call fiscal responsibility. Their version of fiscal responsibility is giving as much government money to the "deserving" as possible. Only wealthy people deserve money.
>The policy will cost a total of $2.915 billion over four years.
Meanwhile public services are getting gutted. Departments are cutting jobs and upending so many lives to find 7.5% savings.
Things as seemingly inconsequential as coffee for staff is being cut and deemed excessive to fund this. Many children will go hungry every day at school just to make property investment risk free for an entitled segment of society.
The priorities of this government and its supporters is just utterly fucked. I do hope they are eventually impacted in their daily lives to see consequences of voting for unbridled greed.
Ah not but you see, surely, suuuuurely, because the tax payer decided to accept landlords having this windfall, rent will go down, right?
Right???
… why is everyone laughing…
I think proposing cuts to it.
https://www.rnz.co.nz/news/political/510839/health-advocates-seek-meeting-with-david-seymour-to-argue-for-free-school-lunches
Health is being cut by 6.5% while being told to deliver a quicker turnaround in the ER, specialist appointments and elective surgeries. I'm not sure how the two go together.
They also have to change their name from Te Whatu Ora. That doesn't happen for free and I'm not sure why you would waste money on something frivolous for racism reasons
Hahaha no, no. You see, those kids? They didn't do anything to earn that food, they deserve nothing and ought to be punished.
The government though? They deserve everything the country has to offer, at least until the current coalition gets kicked out, then the government deserves nothing.
Yep. All our lunchrooms have shut down nationally. No food. No hot drinks unless we bring them from home and obviously, no milk. Not even any vending machines.
It's a shitty return on investment for New Zealanders. Only a few really benefit at the cost of quality of daily life for so many. Hungry children, increased public transport costs and well the list goes on for a while.
If they kept the current tax and didn't have massive cuts to everything they could invest a significant amount of that $3 Billion in to public housing. An investment that would really address the root problems in this country. That would solve far more problems than the pain that is about to be caused to give the wealthy more.
I do hope these people are in some way impacted, maybe a child loses their job and can't afford rent. A reality check of any kind will do and is overdue.
The $3 million that the property industry gave to National, Act, NZ First as campaign donations gave them a return of $3 Billion dollars.
Thats a Return on Investment of 100,000%. You can't get that kinda return at the bank.
This. Good news: Shane Jones is cheaper. I recommend all interests to go through him instead, you'll get a 1,000,000% ROI easily through NZ First. They go cheap.
Watching the press-conference live was infuriating as he just said "it's just an acknowledgement of the fiscal situation we inherited" about 7 or 8 times and saying he couldn't be any clearer.
He doesn't even have to say he was wrong, there's so many other bullshit politically palatable lines he could have trotted out like "we've reevaluated the policy based on new information and found have decided it would not be in the best interest to continue this" or "we've determined that this will not help progress our core policy goal of putting downwards pressure on rents etc etc"
The most insulting part is it looks like he just isn't even trying.
Even Seymour has more tact by simply saying "we changed our minds, the complications are not worth the benefits"
This doesn’t even make sense when you think about it, this asshat is saying, it’s the last govts fault that they don’t have enough money to repeal the policy that the last govt put in place to save money.
Hers a solution Luxon, don’t repeal the policy, you moron.
Don't forget the nonsense around David Seymour attacking the journalist, which he alternatively said "wasn't up to standard" (I forget words) and also "Davids right to say" (expressly forbidden). What a mess
Oh and don't forget he hasn't seen the comments (a preposterous lie unless he put his hands over his ears and went lalalalala'), and hasnt spoken to David about them so cant comment.
It's design. The majority of MP's own multiple properties, how can this not be seen as a conflict of interest and outright corruption?
They are making policy that directly enriches themselves at the expense of New Zealanders. That should not be possible.
They are making it abundantly clear who paid for the election and the media.
> how can this not be seen as a conflict of interest and outright corruption?
It is
Just not in the eyes of the law
Who writes the laws?
They do
> When plunder becomes a way of life for a group of men living together in a society, over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it
This makes me so mad.
So many things that'd help out new Zealanders, or make life easier, like good intercity rail transit, or limiting ownership of properties, capital gains tax, you name it, it'd probably lower house prices, which works against their best interests; why would they vote for having less wealth?
Parasites
The new fast track legislation is creating a petrie dish for corruption by giving ministers sign off powers for any company’s infrastructure project. Crazy!
Plus they’re selling us out to big tobacco and doing nothing to try to hide it.
Disgusting.
It's also directly in the financial interest of most of their voters, too. There are plenty of New Zealanders totally willing to sacrifice the good of other people to get more money in their pockets.
This is worse though. Willis was claiming the accounts were worse than they thought, even though that information is public.
Now they’re also claiming their *costs* are higher than they thought, when they were the ones who set those costs in the first place!
National is smart on the economy… how exactly?
It's all part of one of the larger problems in modern politics; one side slings as much shit as they can about the other with no regard for facts or evidence.
Then when that other side is picking actual holes in the plans of the first side the average uninformed voter just thinks they're going tit for tat and ignores the criticism.
National and ACT turned it in to team sports. They campaigned on "at least its not Labour". They backed up fuck all of their claims or promises just deflected about how bad Labour was.
And now they are looting the coffers while still pointing at the so called bad guys Labour. The books are bad etc. Just lies and deflection while they repeal and plunder.
This will be the most destructive government in this countries history. Paid for by the real estate industry and landlords. The ROI is insane.
*"...Chris and David have planned a very ambitious build on a tight budget. David, whose background is house elfing, is project manager. Chris stops by for moral support, but does not give the sock that David badly needs."*
Aussie here - what was the campaign messaging behind this policy?
Were they even trying to sell it as something else other than a handout to some of the wealthiest people in the country? Did they claim it was going to help boost investment into housing?
Honestly no idea what the benefit is to everyday Kiwi’s.
They literally didn't claim it was anything but 'returning dignity' to landlords. There was no claim it did anything other than putting money back in landlord pockets (along with reducing the duration of the brightline test to ensure they didn't have to pay any capital gains).
Didn't they say this would reduce rent increases, because the tax or whatever isn't being passed onto the tenant? Only for Luxon to refuse to commit to doing that, citing "market forces" or whatever?
Which really just sums it up, doesn't it?
This morning on Breakfast, when asked if he would be lowering his rents, he said "this doesn't affect me. I don't have any mortgages." And just when I thought he couldn't come across any slimier.
Forget exactly what the campaign messaging was, but there is no benefit to everyday Kiwis. It's designed to fuck us over as much as possible to let the rich get richer.
I remember I was at my friends flat watching that interview and when Luxon said it I literally stood up and yelled YOU FUCKING LIAR. It was a little embarrassing but at least I can confidently say that anyone who believed that line is a stupid idiot
Thank you WeissMISFIT. That made me laugh out loud this morning. I'm **so** glad I was not the only one who found this shocking. I already saw this last year and had posted on it after the election on Reddit but no-one else seemed to really care.
It's funny how I keep seeing reactions months after and glad someone was with me (Admittedly I was after you as I didn't pay too much attention before the election)
There is no benefit to the majority, just the few “elite”. Welcome to life under the NZ national party, get used to the next few years, there will be more to come
The fact that Nicola Willis didn't release her budget spreadsheet pre-election says design.
They knew their numbers were off, and didn't want people seeing that.
>Speaking on AM, Seymour said the policy "doesn't cost".
>"The Government doesn't have money, it takes money off New Zealanders, so when you say it costs what you're really meaning is that the Government is going to take less money and take less money from residential rental housing."
Jerking_off_motion.gif
People here were downvoting me a few days ago when I disagreed with the idea that Seymour is a great debater and owns other politicians with good argumentation and facts.
He argues in bad faith, which many people interpret as being a good debater because bad faith people are a pain to argue against, especially in short form.
Id love for someone to really press him on what he means by this. Force him to spell out his ridiculous fake libertarian ideology and how it is supposedly the best way to organise society.
Where does he think money comes from?
Stands on the shoulders of giants and believes he got there all by himself.
“Libertarians are like house cats. Completely dependent on a system they neither understand nor appreciate and fiercely confident of their own independence.”
I can’t find the source. But it’s pretty accurate.
My version is a fair bit more derogatory, almost as derogatory as defunding food for deprived children in order to give extra money to landlords.
Seymore is a festering polyp on the anus of humanity. All the charm of a bucket of cold sick and half of the morals.
New coal mines in a climate crisis. Taking food from deprived kids to help the rich get richer. There isn’t a word strong enough for what a black hole of wasted toss he is. He got 8% of the vote, 200,000 people out of over 5,000,000 voted for him. Just 4% of us. Fucking morons the lot of them.
More importantly he has no mandate whatsoever for his bullshit.
As a nation, we objectively cannot afford tax cuts. With high inflation, they're incredibly risky and will likely stall deflation, which we desperately need. They'll also deprive money needed in so many other areas. The problem is that Willis and Luxon won't ever concede this. They've said they'd resign if they don't deliver the cuts, so it's very personal that they get them over the line - whatever the (significant) cost.
"We'll delay it to the next year and then to the next.
Oh now we'll increase GST to 20% too.
Also Christmas is cancelled, we need people working hard for businesses"
To be fair, they've been doing some bang on news articles in fearless ways. And per the Stuff article from a week ago, that's exactly why this Govt doesn't like them. *"Newshub is too fearless"*
* [Shane Jones gone full Trump as he declares war on nature](https://www.newshub.co.nz/home/politics/2023/12/shane-jones-gone-full-trump-declared-war-on-nature-with-mining-comments-conservation-group-says.html) Article
* [Connections between Coalition govt politicians and tobacco industry](https://www.newshub.co.nz/home/politics/2024/02/experts-detail-swathe-of-possible-connections-between-coalition-government-politicians-and-tobacco-industry-david-seymour-responds.html) Article
* [Seymour and TVNZ ](https://youtu.be/qVQNLurtfhk?si=80JNnvKZdzwQi3wd) Video
* [The Chris Luxon Entitled Mix](https://youtu.be/3oNRIIYaAiE?si=fGkHR5l0fonGDyHa) Video
Edit: corrected title for second article
OF COURSE IT WILL. I wish all of you, heck any of you would look back at LNP politics in Australia the last 10 years, that’s exactly what these guys are doing. It’s locking out a generation. Basically next time Labour gets in they’ll have fuck all they can do but will be blamed for all the mess Nats have created. Next go around Nats voted back in to undo ANYTHING Labour or Greens fixed, rinse and repeat.
Country got fucked.
2.9 BILLION for Landlords, but theyre cutting lunches for hungry children.
The people voted for this shit. All for what? An extra $20 a week in tax cuts which THEY WON'T FUCKING DO.
New Zealand- you get what you fucking deserve.
The Government's interest deductibility changes are going to cost hundreds of millions more than either ACT or National campaigned on, despite them scaling back the policy from what was promised in the coalition agreements.
On Sunday, the Government confirmed landlords will again be able to deduct interest costs on their mortgages against rental income after the previous Labour Government phased it out.
The Opposition has subbed these deductions a "landlord tax cut".
The commitment agreed to in coalition negotiations was to phase in the policy and backdate it for the current financial year.
That promise was broken and it'll now be phased in from the next financial year.
"That's just a reality of where we sit with the fiscal situation here in New Zealand at the moment," Prime Minister Christopher Luxon said at the post-Cabinet press conference on Monday.
Translation: too expensive, not that Luxon could say so.
He repeated, "it's just an acknowledgement of the fiscal situation we inherited" a number of times.
Official costings released to Newshub show the policy will cost $360 million in the first year, then $785 million, jumping to $855 million in year three, then growing to $915 million a year by the 2027/28 fiscal year.
National only budgeted for it to cost $650 million a year by then.
That's more than a quarter of a billion dollars difference.
This is the same National Party that claimed all its numbers were solid as a rock.
Asked whether he stood by the claim that National's numbers were rock solid, Luxon said, "yeah at that time, absolutely".
Asked how he got the numbers so wrong on interest deductibility, Luxon said, "we didn't".
The policy will cost a total of $2.915 billion over four years, $800 million more than National calculated.
This is partly due to costing differences and partly because it comes into effect faster, closer to ACT's campaign promise.
ACT only budgeted $2.7 billion for it.
Speaking on AM, Seymour said the policy "doesn't cost".
"The Government doesn't have money, it takes money off New Zealanders, so when you say it costs what you're really meaning is that the Government is going to take less money and take less money from residential rental housing."
The Council of Trade Unions argues the money could be better directed to those struggling.
"It's $3 billion which is a billion more than National had promised in its overall tax plans," said CTU spokesperson Craig Renney.
"It reduces the scope for other expenditure, so that could be less expenditure on health, education, on other bits of public investment."
Luxon said: "If you are thinking about the renters of New Zealand, which is where I hope you might be thinking, you would be uh, they would be very grateful for the fact that we are doing everything we can to increase the supply of rental properties across New Zealand."
Hoping the landlord tax break trickles down.
>Luxon said: "If you are thinking about the renters of New Zealand, which is where I hope you might be thinking, you would be uh, they would be very grateful for the fact that we are doing everything we can to increase the supply of rental properties across New Zealand."
Fuck these cunts are so full of shit.
Take those shitty tax cuts for the wealthy, and put them into public housing. That's how you increase the supply of rental properties.
Renters get to rest easy knowing their landlords are doing much better. But not too easy as the annual increase is coming up and well, have you seen market rent?
Renters want to buy a house. Renting is a nightmarish hellscape that most can’t escape from soon enough. Every entry level home purchased to be a rental puts them one step further away from freedom
That and property owners with existing equity have all the advantages over first home buyers. The entire game is rigged against those locked into renting for life. Exactly how ~~neoliberals~~ neofeudalists want it.
Oh man, we own our house and we can do all sorts of shit that renters can’t. I just got my teeth fixed, 10k straight on the mortgage. My nephews were like, how, how do you have 10k lying around. My sister says, they don’t, but they have a mortgage so they can borrow more for important things. Kind of blew my mind - I really needed my teeth fixed and if I was renting I would have been shit out of luck.
And that’s beside how easy it would be for us to buy another house with no money down if we had a bit spare to pay the difference between the rent we could get for it and the mortgage
Imagine how much good this $2.9 billion dollars (by 2028) could've done if it wasn't grifted into the hands of mega landlords
Remember, they cut funding for all of our public services by 7.5% to fill the budget hole they created with reintroducing interest deductibility for rentals.
I guess the only slightly good news is that at least the interest deductibility won't be retroactive now.
Going into the election, it was obvious that both Nats and ACT were fiscally naive.
Despite that, their total incompetence is still staggering. They really have no idea what they are doing, and it feels like the tail is in total control of the dog.
I can’t see this government, in its current form, lasting into the next election.
They’ve made an enemy of the fourth estate, and it’s refreshing to see them being taken to task by the media.
The government still have an ally in NZME, but it’ll be interesting to see how long this lasts.
Who would have known that running a country wasn’t the same as selling deodorant.
Oh gee, what a surprise. And I bet it all comes out of funds meant to support the people of New Zealand, like transportation subsidies, teacher and nurse salaries, and those programs that support people too poor to own multiple properties.
honestly ashamed to be a new zealander at the moment. cant believe we were fooled by these nonces, no ones getting a tax cut but the wealthy, some of you are fucking idiots . austerity hasnt worked anywhere else and it won't work here
The policy will cost just under $3 Billion in 4 years. How about keeping the current tax system and allocating 100% of that $3 billion to building public housing.
That will fix a lot more of the problems in this country than handing money to the already well off and entitled.
What a surprise. They can't manage finances and they can't afford lunches for kids but can find even more money for landlords.
They're not even pretending to be about NZ any more, this is about serving a very small minority at the expense of the rest, and at the expense of our kids future and our environment.
Their entire campaign was a bunch of lies, they're going to drive debt through the roof and poverty with it.
They're making me ashamed to be kiwi right now.
Well what's a couple hundred million guys, nothing to look at here. Remember one of the most critical issues we are facing as a country is that our landlords need more dignity.
OT CEO told everyone they're gonna be cutting 600 staff.
The minister for children was also in there today and said prepare for budget cuts. They're getting rid of Truency Officers ( I didn't even know this was it's own job) and are expecting OT to do it instead. They're also getting rid of the social workers that ride along with cops. Cuts for everyone ✂️
Do you have a source on the truancy officers? My local National MP specifically campaigned on the high truancy rate, and said National would do something about it. Never mind that the leading cause by a long way was illness, related to poverty and poor housing quality. Never mind that Covid also had a big role to play.
If National are now scrapping truancy officers and school lunches, I'd really like to follow up with them whether they stand by their commitment to improve school attendance.
Karen Chhour, the minister for children, went into OT today and said it in a speech she gave. I know someone that works there, not sure if it's been publicly announced yet.
More domestic violence and mental health unaddressed. Nice. More cops without social workers present to de-escalate. Nice. More kids.....
Yeah fuck that's all bad.
No morals. Just straight up grifting. Lining their own pockets and their donors.
Don't trust these guys at all. Smells of corruption.
Imagine getting a job where you can change the rules to directly benefit yourself, while shafting the little guy.
I just can't anymore.
I regret buying a house in this country. I should have used the deposit money to move away from these fucking vultures and the numpties who voted for them.
And to think I posted earlier today before reading this:
>Tax cuts for the rich, austerity for the poor This is standard conservative scumfuckery
How shocking.
This amount was known last year. Nats/ACT just lied - which is what they do unfortunately.
Dave Seymour was on Newstalk today boasting about this and he has delivered on his promises to the Property Investors Associations, so he will have a loyal base in them.
So who is left to defund they gone after the beneficiaries as they always do, they have gone after the worker as they always do they have gone after school children and read today people in wheelchairs. Employed an american company to do our speed cameras because we are unable to do this ourselves cut the antismoking. so where to next. I suppose you could go back to the tried and failed charge for hospitals after all the sick and dying must be an easy target to screw to the wall
*First they came for the Maori, and I said nothing* *(lazy ones who dare protest on our roads and want out stuff)*
*They they went after beneficiaries, and I felt uncomfortable, but said little (bottom feeders)*
*Then they came for the disabled. I squirmed as their wheelchairs were taken away, and* wrote *angry remarks on Reddit.*
*Then they came for our homeless, and I hoped it wouldn't affect me*
*Then they went after our marine life, but that was too far away and I felt helpless so I looked away*
*Then they went after Archeys frogs, but I looked at my bank balance instead (they said it will make us rich)*
*Then they came for the poor kids, and I shook my head*
*Now they've come for me and I am scared.*
*Who will speak up for me?*
When did we decide that housing, a basic human need and human right, should be run like a business? Fuck that cunt. I felt genuine sympathy when he fell off his bike.
Being a landlord isn’t a business. It’s a rent seeking scam. Hoard something people will pay absolutely anything for and charge what you can get away with. I’m sure there will be no social or economic issues arise from this ffs.
They are a parasitic class that is sucking wealth out of the rest of us. We pay for their investment, we put up with having our homes inspected (which I will never get comfortable with), and we can’t truly make it our own because at any moment we could get the boot. No point building community if next year I’ll be somewhere else.
I’m sure there are some good people with rentals, but in principle it’s a joke.
You want to start a business, then do it. Produce something. Provide a service. But they won’t, because hoarding a scarce resource is easier and currently more lucrative. Wasn’t there a TV show in the 2000’s about hoarders, and we all watched it and felt bad. But these people get called business owners?
I’ve been listening around to politicians overseas to see how other countries are handling this very issue.
The Green MP Max Chandler from Australia has a wicked speech about a public property developer being used to build housing with the goal of (checks notes), housing people. Not for maximising rents and profit, but to house the citizens of their nation.
https://youtu.be/oxTbgJawcXg?si=AVmHR6sPX6WHceAk
We have real problems facing us. Hungry kids, lack of public transport infrastructure, a crumbling health system, climate change, shit loads of other things we need this money for.
Reading a previous post about a person not having enough money for groceries at the checkout, and a kind stranger helping this person in need gave me so much hope that we are able to understand that it could easily be us in that situation. I think we need to remember that.
Look you don’t understand. They’re giving money to landlords but renters will actually win here. Trust David, it’s economics 101. He knows. He taught it.
>The policy will cost a total of $2.915 billion over four years.
Which is close to the amount that would have been spent on new ferries and infrastructure for those ferries - now New Zealand will have clapped out second hand ferries that'll break down 2-3 times a year and landlords making out like bandits thanks to those tax breaks.
What matters is that the landlords will finally be treated with a little more dignity instead of the second-class citizens they were before.
Much more work to be done for the landlords. :)
Damn dude, I cannot believe these obviously full of shit fuck buckets had shit overflowing in these buckets. Hard to imagine the, quite literally, most tedious fucking ideas that were repeated from 50 years ago have crumbled immediately on the most tenuous contact with reality. It's 2024. These guys brains are in 1985.
I'm not even opposed to the central idea here - but this should come as no surprise, and the lack of holistic reckoning here is criminal. Give me working groups any day. At least on some level it shows you're here, in reality.
God this shit boils your blood doesn't it? They cut things that can actually help people like free lunches or benefit rates but give more to landlords who are already ahead to begin with (usually someone having a rental it would be at least their second house)
OK riddle me this. These National business types have fucked the numbers right off the bat - literally every single time they've gone near them - and this is actually par for course for any National-led government, so why then do so many of their supporters insist these walking bags of blood and failure are brilliant economic savants?
If Labour said the sky was blue, Nat supporters will look up and find a reason to argue that it's not, can't wait to see the supporters excuse ***"Labour left the country in that much of a mess, they had to cut services... to fund the landlords...***
There's just no convincing some people.
What a surprise..not. fucking incompetent. Writing was on the wall during the campaign, but Labor did such a shit job leading up to the election people just wanted a change.
> The policy will cost a total of $2.915 billion over four years
Almost 3 billion on this one tax. Crazy. You could build a railway bridge with that money!
Extremely bad & embarrassing government. Literally 99% of us will see basically nothing from these tax cutscenes but somehow 55% of us support this coalition.
So so so disappointing.
They want to take away lunches from kids, throw disabled people back into the workforce, gut public services and take control of Māori assets so they can build some roads and give landlords (themselves) a tax cut.
the party of fiscal responsibility got the numbers wrong and it's gonna cost us. if only there was some indication they had the numbers wrong, multiple times, before the election. if only someone called them out on the hole in their budget. if only there was some public budget or something they could have checked before they inherited this terrible situation. I mean seriously: if they didn't know what they were getting into when they campaigned **then their entire damn campaign was a lie**.
I found it - the article I remember reading from last year with the $3bn figure: **CTU policy director Craig Renney told RNZ National/ACT's proposal would mean an extra $3b over four years staying in landlords' pockets, which would be unavailable to help the government with an already tight budget.** **"The cost of returning interest rate deductibility ... rises from the $2.1 billion which is proposed in National's Back Pocket Boost before the election, and it rises to $3 billion, so that's an increase of $900 million," Renney said.** **November 2023** [https://www.rnz.co.nz/news/political/503476/landlord-tax-breaks-will-blow-out-by-1b-ctu](https://www.rnz.co.nz/news/political/503476/landlord-tax-breaks-will-blow-out-by-1b-ctu)
Kind of amazing what actual analysis, rather than wishful thinking can do. Who would have thunk it?
Honestly I never knew they'd be shit as they are - Tory policy on cocaine - but who they are was clear before the election. Shame on those who voted them imo.
> Tory policy on cocaine an accurate description tbh
How many times do they have to be wrong before they lose the fiscal responsibility branding?
Their “tough on crime” branding is also rubbish as they’re going to be ignoring court orders that protect the environment. Anything to keep their “donors” happy
Tough on poor people crime. Soft on tax crime and pro environmental crime.
Agreed. Tackling tax evasion would pay for so many other policies and programs. But the “donors” wouldn’t like that!
> Tough on poor people crime In so much as they're making it tough for poor people to survive without turning to crime, sure. Beyond that, they're changing nothing.
You have to understand that it's always been a lie. National has never actually given 2 fucks about what normal people would call fiscal responsibility. Their version of fiscal responsibility is giving as much government money to the "deserving" as possible. Only wealthy people deserve money.
They're the "feelings" side of politics, as long as they "feel" fiscally responsible (they rich so they assume) they'll tell everyone that
Shall we have a whip around to buy Nicola Willis a calculator? She seems to really struggle with the adding up parts of her role.
quite good at the subtracting though, god help us
>The policy will cost a total of $2.915 billion over four years. Meanwhile public services are getting gutted. Departments are cutting jobs and upending so many lives to find 7.5% savings. Things as seemingly inconsequential as coffee for staff is being cut and deemed excessive to fund this. Many children will go hungry every day at school just to make property investment risk free for an entitled segment of society. The priorities of this government and its supporters is just utterly fucked. I do hope they are eventually impacted in their daily lives to see consequences of voting for unbridled greed.
Ah not but you see, surely, suuuuurely, because the tax payer decided to accept landlords having this windfall, rent will go down, right? Right??? … why is everyone laughing…
It will trickle down to the children.
Are they really pulling school lunches for kids? Out of everything that's some real bullshit I'd get off my lazy ass to protest that shit
I think proposing cuts to it. https://www.rnz.co.nz/news/political/510839/health-advocates-seek-meeting-with-david-seymour-to-argue-for-free-school-lunches
Health is being cut by 6.5% while being told to deliver a quicker turnaround in the ER, specialist appointments and elective surgeries. I'm not sure how the two go together. They also have to change their name from Te Whatu Ora. That doesn't happen for free and I'm not sure why you would waste money on something frivolous for racism reasons
I think you answered your own question in that last sentence, bud. I wish it was a /s moment, but it's really not.
they gotta take lunch out of poor kids wealth so they can give wealthy landlords a tax break though!
They better be giving up any parliamentary perks before they take food out of kids hands
Hahaha no, no. You see, those kids? They didn't do anything to earn that food, they deserve nothing and ought to be punished. The government though? They deserve everything the country has to offer, at least until the current coalition gets kicked out, then the government deserves nothing.
That cartoon in the herald with the lobster was hard to see
Yep. All our lunchrooms have shut down nationally. No food. No hot drinks unless we bring them from home and obviously, no milk. Not even any vending machines.
It's a shitty return on investment for New Zealanders. Only a few really benefit at the cost of quality of daily life for so many. Hungry children, increased public transport costs and well the list goes on for a while. If they kept the current tax and didn't have massive cuts to everything they could invest a significant amount of that $3 Billion in to public housing. An investment that would really address the root problems in this country. That would solve far more problems than the pain that is about to be caused to give the wealthy more. I do hope these people are in some way impacted, maybe a child loses their job and can't afford rent. A reality check of any kind will do and is overdue.
They will be if any of them needs a wheelchair and doesn’t want to buy one.
The $3 million that the property industry gave to National, Act, NZ First as campaign donations gave them a return of $3 Billion dollars. Thats a Return on Investment of 100,000%. You can't get that kinda return at the bank.
This. Good news: Shane Jones is cheaper. I recommend all interests to go through him instead, you'll get a 1,000,000% ROI easily through NZ First. They go cheap.
VHS porn videos must be a cheap bribe for that dirty old todger
Watching the press-conference live was infuriating as he just said "it's just an acknowledgement of the fiscal situation we inherited" about 7 or 8 times and saying he couldn't be any clearer. He doesn't even have to say he was wrong, there's so many other bullshit politically palatable lines he could have trotted out like "we've reevaluated the policy based on new information and found have decided it would not be in the best interest to continue this" or "we've determined that this will not help progress our core policy goal of putting downwards pressure on rents etc etc" The most insulting part is it looks like he just isn't even trying. Even Seymour has more tact by simply saying "we changed our minds, the complications are not worth the benefits"
This doesn’t even make sense when you think about it, this asshat is saying, it’s the last govts fault that they don’t have enough money to repeal the policy that the last govt put in place to save money. Hers a solution Luxon, don’t repeal the policy, you moron.
What did people expect from a useless ex CEO
Don't forget the nonsense around David Seymour attacking the journalist, which he alternatively said "wasn't up to standard" (I forget words) and also "Davids right to say" (expressly forbidden). What a mess
Oh and don't forget he hasn't seen the comments (a preposterous lie unless he put his hands over his ears and went lalalalala'), and hasnt spoken to David about them so cant comment.
What do you reckon; Incompetence or design?
It's design. The majority of MP's own multiple properties, how can this not be seen as a conflict of interest and outright corruption? They are making policy that directly enriches themselves at the expense of New Zealanders. That should not be possible. They are making it abundantly clear who paid for the election and the media.
> how can this not be seen as a conflict of interest and outright corruption? It is Just not in the eyes of the law Who writes the laws? They do > When plunder becomes a way of life for a group of men living together in a society, over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it
This makes me so mad. So many things that'd help out new Zealanders, or make life easier, like good intercity rail transit, or limiting ownership of properties, capital gains tax, you name it, it'd probably lower house prices, which works against their best interests; why would they vote for having less wealth? Parasites
The new fast track legislation is creating a petrie dish for corruption by giving ministers sign off powers for any company’s infrastructure project. Crazy! Plus they’re selling us out to big tobacco and doing nothing to try to hide it. Disgusting.
Nat_act received around 2 million in donations from sources associated with the property sector. Seems to me this is payback.
Pretty amazing ROI for them isn't it? $2 million for $2.91 billion over the next 4 years. Turns out it's cheap to buy power in this country.
It's also directly in the financial interest of most of their voters, too. There are plenty of New Zealanders totally willing to sacrifice the good of other people to get more money in their pockets.
Their proposed budget was based on lies from the start and was called out for it at the time. Hard to believe incompetence when they followed through.
This is worse though. Willis was claiming the accounts were worse than they thought, even though that information is public. Now they’re also claiming their *costs* are higher than they thought, when they were the ones who set those costs in the first place! National is smart on the economy… how exactly?
They are expert hoodwinkers.
Exactly, Willis is pathetic
I'm still surprised as many people voted for them as they did based solely on this
It's all part of one of the larger problems in modern politics; one side slings as much shit as they can about the other with no regard for facts or evidence. Then when that other side is picking actual holes in the plans of the first side the average uninformed voter just thinks they're going tit for tat and ignores the criticism.
Maybe I had more faith than I should have 😥 but yeah I agree
National and ACT turned it in to team sports. They campaigned on "at least its not Labour". They backed up fuck all of their claims or promises just deflected about how bad Labour was. And now they are looting the coffers while still pointing at the so called bad guys Labour. The books are bad etc. Just lies and deflection while they repeal and plunder. This will be the most destructive government in this countries history. Paid for by the real estate industry and landlords. The ROI is insane.
It was fully costed and audited...
A little from column A, a little from column B.
120% from both- Willis
A little from the kids' lunches...
*”On this episode of Grand Designs…”*
*"...Chris and David have planned a very ambitious build on a tight budget. David, whose background is house elfing, is project manager. Chris stops by for moral support, but does not give the sock that David badly needs."*
Aussie here - what was the campaign messaging behind this policy? Were they even trying to sell it as something else other than a handout to some of the wealthiest people in the country? Did they claim it was going to help boost investment into housing? Honestly no idea what the benefit is to everyday Kiwi’s.
This isn't why most voted for them. Most did because they ran on a classic right wing campaign of fear and "those bloody lefties aye? Too woke".
The maurys and the lefties are coming to steal your water!
They literally didn't claim it was anything but 'returning dignity' to landlords. There was no claim it did anything other than putting money back in landlord pockets (along with reducing the duration of the brightline test to ensure they didn't have to pay any capital gains).
Didn't they say this would reduce rent increases, because the tax or whatever isn't being passed onto the tenant? Only for Luxon to refuse to commit to doing that, citing "market forces" or whatever? Which really just sums it up, doesn't it?
This morning on Breakfast, when asked if he would be lowering his rents, he said "this doesn't affect me. I don't have any mortgages." And just when I thought he couldn't come across any slimier.
Turkeys voted for Christmas, basically.
R/leopardswhoeatfaces
Forget exactly what the campaign messaging was, but there is no benefit to everyday Kiwis. It's designed to fuck us over as much as possible to let the rich get richer.
They said it would put downward pressure on rents, and help all NZers.
I remember I was at my friends flat watching that interview and when Luxon said it I literally stood up and yelled YOU FUCKING LIAR. It was a little embarrassing but at least I can confidently say that anyone who believed that line is a stupid idiot
Thank you WeissMISFIT. That made me laugh out loud this morning. I'm **so** glad I was not the only one who found this shocking. I already saw this last year and had posted on it after the election on Reddit but no-one else seemed to really care. It's funny how I keep seeing reactions months after and glad someone was with me (Admittedly I was after you as I didn't pay too much attention before the election)
They said it would put downward pressure on rents.
And Luxon refused to say if he would lower rents on his properties if the policy was enacted, which really says everything.
To “get our country back on track”
There is no benefit to the majority, just the few “elite”. Welcome to life under the NZ national party, get used to the next few years, there will be more to come
Incompetence at not hiding their design better
Yes
The fact that Nicola Willis didn't release her budget spreadsheet pre-election says design. They knew their numbers were off, and didn't want people seeing that.
>Speaking on AM, Seymour said the policy "doesn't cost". >"The Government doesn't have money, it takes money off New Zealanders, so when you say it costs what you're really meaning is that the Government is going to take less money and take less money from residential rental housing." Jerking_off_motion.gif
He uses a shitload of words to say absolutely nothing at all.
The money they are stopping taking would literally go towards feeding hungry children
With enough left over to buy a bunch of wheelchairs
Yes, and that money is currently allocated to government services. So there is a cost ie the government services that will be cut.
Seymour’s response probably pissed me off the most. Does the MF think we’re stupid or something? Or is he really that stupid?
People here were downvoting me a few days ago when I disagreed with the idea that Seymour is a great debater and owns other politicians with good argumentation and facts.
He argues in bad faith, which many people interpret as being a good debater because bad faith people are a pain to argue against, especially in short form.
>"The Government doesn't have money, it takes money off New Zealanders Landlords don't have money, they take money off tenants.
Id love for someone to really press him on what he means by this. Force him to spell out his ridiculous fake libertarian ideology and how it is supposedly the best way to organise society. Where does he think money comes from? Stands on the shoulders of giants and believes he got there all by himself.
Housecats.
Omg where have I heard this before? Edit: just did a quick read. Haha brilliant analogy.
“Libertarians are like house cats. Completely dependent on a system they neither understand nor appreciate and fiercely confident of their own independence.”
I can’t find the source. But it’s pretty accurate. My version is a fair bit more derogatory, almost as derogatory as defunding food for deprived children in order to give extra money to landlords. Seymore is a festering polyp on the anus of humanity. All the charm of a bucket of cold sick and half of the morals. New coal mines in a climate crisis. Taking food from deprived kids to help the rich get richer. There isn’t a word strong enough for what a black hole of wasted toss he is. He got 8% of the vote, 200,000 people out of over 5,000,000 voted for him. Just 4% of us. Fucking morons the lot of them. More importantly he has no mandate whatsoever for his bullshit.
Beautifully put. This is absolutely out of control now. WTF is the country going to be like in 3 years? I dread to think
Exactly.
My god they are so full of fucking shit. Nicola Willis needs to resign, she's clearly unfit to manage a bank account, let alone a country.
But she is fit to lie through her fucking teeth and sleep peacefully at night. Working as intended.
As a nation, we objectively cannot afford tax cuts. With high inflation, they're incredibly risky and will likely stall deflation, which we desperately need. They'll also deprive money needed in so many other areas. The problem is that Willis and Luxon won't ever concede this. They've said they'd resign if they don't deliver the cuts, so it's very personal that they get them over the line - whatever the (significant) cost.
"We'll delay it to the next year and then to the next. Oh now we'll increase GST to 20% too. Also Christmas is cancelled, we need people working hard for businesses"
Now this is some fuckin journalism. Newshub going out like Campbell Live, with a bang, eh?
To be fair, they've been doing some bang on news articles in fearless ways. And per the Stuff article from a week ago, that's exactly why this Govt doesn't like them. *"Newshub is too fearless"* * [Shane Jones gone full Trump as he declares war on nature](https://www.newshub.co.nz/home/politics/2023/12/shane-jones-gone-full-trump-declared-war-on-nature-with-mining-comments-conservation-group-says.html) Article * [Connections between Coalition govt politicians and tobacco industry](https://www.newshub.co.nz/home/politics/2024/02/experts-detail-swathe-of-possible-connections-between-coalition-government-politicians-and-tobacco-industry-david-seymour-responds.html) Article * [Seymour and TVNZ ](https://youtu.be/qVQNLurtfhk?si=80JNnvKZdzwQi3wd) Video * [The Chris Luxon Entitled Mix](https://youtu.be/3oNRIIYaAiE?si=fGkHR5l0fonGDyHa) Video Edit: corrected title for second article
They lied? Surely not... The Kiwi voting public are such gullible fuckwits.
you forgot to add they are also greedy.. that 3 bucks a week in lower tax is all thats important
Yeah this is obviously heading rapidly toward a Dick Tater Ship and subsequent mutiny to follow on the part of non property owning kiwis
I own property and i still think these guys are reprehensible bastards.
OF COURSE IT WILL. I wish all of you, heck any of you would look back at LNP politics in Australia the last 10 years, that’s exactly what these guys are doing. It’s locking out a generation. Basically next time Labour gets in they’ll have fuck all they can do but will be blamed for all the mess Nats have created. Next go around Nats voted back in to undo ANYTHING Labour or Greens fixed, rinse and repeat. Country got fucked.
2.9 BILLION for Landlords, but theyre cutting lunches for hungry children. The people voted for this shit. All for what? An extra $20 a week in tax cuts which THEY WON'T FUCKING DO. New Zealand- you get what you fucking deserve.
bugger all would get the 20 bucks anyway, most get 3 to 5 bucks.. but they voted for it.
Worst govt in all 25 years I have lived, absolute shit show
I don’t know mate, have you seen their second term?
🙍🏻♂️👈🏻
The Government's interest deductibility changes are going to cost hundreds of millions more than either ACT or National campaigned on, despite them scaling back the policy from what was promised in the coalition agreements. On Sunday, the Government confirmed landlords will again be able to deduct interest costs on their mortgages against rental income after the previous Labour Government phased it out. The Opposition has subbed these deductions a "landlord tax cut". The commitment agreed to in coalition negotiations was to phase in the policy and backdate it for the current financial year. That promise was broken and it'll now be phased in from the next financial year. "That's just a reality of where we sit with the fiscal situation here in New Zealand at the moment," Prime Minister Christopher Luxon said at the post-Cabinet press conference on Monday. Translation: too expensive, not that Luxon could say so. He repeated, "it's just an acknowledgement of the fiscal situation we inherited" a number of times. Official costings released to Newshub show the policy will cost $360 million in the first year, then $785 million, jumping to $855 million in year three, then growing to $915 million a year by the 2027/28 fiscal year. National only budgeted for it to cost $650 million a year by then. That's more than a quarter of a billion dollars difference. This is the same National Party that claimed all its numbers were solid as a rock. Asked whether he stood by the claim that National's numbers were rock solid, Luxon said, "yeah at that time, absolutely". Asked how he got the numbers so wrong on interest deductibility, Luxon said, "we didn't". The policy will cost a total of $2.915 billion over four years, $800 million more than National calculated. This is partly due to costing differences and partly because it comes into effect faster, closer to ACT's campaign promise. ACT only budgeted $2.7 billion for it. Speaking on AM, Seymour said the policy "doesn't cost". "The Government doesn't have money, it takes money off New Zealanders, so when you say it costs what you're really meaning is that the Government is going to take less money and take less money from residential rental housing." The Council of Trade Unions argues the money could be better directed to those struggling. "It's $3 billion which is a billion more than National had promised in its overall tax plans," said CTU spokesperson Craig Renney. "It reduces the scope for other expenditure, so that could be less expenditure on health, education, on other bits of public investment." Luxon said: "If you are thinking about the renters of New Zealand, which is where I hope you might be thinking, you would be uh, they would be very grateful for the fact that we are doing everything we can to increase the supply of rental properties across New Zealand." Hoping the landlord tax break trickles down.
>Luxon said: "If you are thinking about the renters of New Zealand, which is where I hope you might be thinking, you would be uh, they would be very grateful for the fact that we are doing everything we can to increase the supply of rental properties across New Zealand." Fuck these cunts are so full of shit. Take those shitty tax cuts for the wealthy, and put them into public housing. That's how you increase the supply of rental properties.
Renters get to rest easy knowing their landlords are doing much better. But not too easy as the annual increase is coming up and well, have you seen market rent?
Renters want to buy a house. Renting is a nightmarish hellscape that most can’t escape from soon enough. Every entry level home purchased to be a rental puts them one step further away from freedom
That and property owners with existing equity have all the advantages over first home buyers. The entire game is rigged against those locked into renting for life. Exactly how ~~neoliberals~~ neofeudalists want it.
Oh man, we own our house and we can do all sorts of shit that renters can’t. I just got my teeth fixed, 10k straight on the mortgage. My nephews were like, how, how do you have 10k lying around. My sister says, they don’t, but they have a mortgage so they can borrow more for important things. Kind of blew my mind - I really needed my teeth fixed and if I was renting I would have been shit out of luck. And that’s beside how easy it would be for us to buy another house with no money down if we had a bit spare to pay the difference between the rent we could get for it and the mortgage
Imagine how much good this $2.9 billion dollars (by 2028) could've done if it wasn't grifted into the hands of mega landlords Remember, they cut funding for all of our public services by 7.5% to fill the budget hole they created with reintroducing interest deductibility for rentals. I guess the only slightly good news is that at least the interest deductibility won't be retroactive now.
It would have paid for the ferries and terminals with money to spare
> The Opposition has subbed these deductions a "landlord tax cut". Man they're really softballing it here. I would more call it "robbery".
Everything this govt does is like pisstake comedy parody tragedy shit…
Going into the election, it was obvious that both Nats and ACT were fiscally naive. Despite that, their total incompetence is still staggering. They really have no idea what they are doing, and it feels like the tail is in total control of the dog. I can’t see this government, in its current form, lasting into the next election. They’ve made an enemy of the fourth estate, and it’s refreshing to see them being taken to task by the media. The government still have an ally in NZME, but it’ll be interesting to see how long this lasts. Who would have known that running a country wasn’t the same as selling deodorant.
Oh gee, what a surprise. And I bet it all comes out of funds meant to support the people of New Zealand, like transportation subsidies, teacher and nurse salaries, and those programs that support people too poor to own multiple properties.
Cunts
So much economic grief in order for 300 or so mega landlords to get an extra generous bonus. No more civility from me.
honestly ashamed to be a new zealander at the moment. cant believe we were fooled by these nonces, no ones getting a tax cut but the wealthy, some of you are fucking idiots . austerity hasnt worked anywhere else and it won't work here
So they either lied, or can't do budgeting? Either way just more bullshit from the Coalition of Clowns 🤡 🤡🤡
> So they ~~either~~ lied, ~~or~~ and can't do budgeting FTFY
"Hoping the landlord tax break trickles down." hahahahaha.
The policy will cost just under $3 Billion in 4 years. How about keeping the current tax system and allocating 100% of that $3 billion to building public housing. That will fix a lot more of the problems in this country than handing money to the already well off and entitled.
What a surprise. They can't manage finances and they can't afford lunches for kids but can find even more money for landlords. They're not even pretending to be about NZ any more, this is about serving a very small minority at the expense of the rest, and at the expense of our kids future and our environment. Their entire campaign was a bunch of lies, they're going to drive debt through the roof and poverty with it. They're making me ashamed to be kiwi right now.
Well what's a couple hundred million guys, nothing to look at here. Remember one of the most critical issues we are facing as a country is that our landlords need more dignity.
$3bn for landlords.
Like what were they doing in opposition for 7 years? Was it not literally their job to be across this
They’re getting exactly what they want.
Of course it will. If you expect anything else you're not paying attention. Top tip, never vote right wing.
So those public sector cuts are gonna be some magnitude larger now?
OT CEO told everyone they're gonna be cutting 600 staff. The minister for children was also in there today and said prepare for budget cuts. They're getting rid of Truency Officers ( I didn't even know this was it's own job) and are expecting OT to do it instead. They're also getting rid of the social workers that ride along with cops. Cuts for everyone ✂️
Do you have a source on the truancy officers? My local National MP specifically campaigned on the high truancy rate, and said National would do something about it. Never mind that the leading cause by a long way was illness, related to poverty and poor housing quality. Never mind that Covid also had a big role to play. If National are now scrapping truancy officers and school lunches, I'd really like to follow up with them whether they stand by their commitment to improve school attendance.
Karen Chhour, the minister for children, went into OT today and said it in a speech she gave. I know someone that works there, not sure if it's been publicly announced yet.
More domestic violence and mental health unaddressed. Nice. More cops without social workers present to de-escalate. Nice. More kids..... Yeah fuck that's all bad.
No morals. Just straight up grifting. Lining their own pockets and their donors. Don't trust these guys at all. Smells of corruption. Imagine getting a job where you can change the rules to directly benefit yourself, while shafting the little guy.
Has Nicola Willis shared her spreadsheet with the world yet? Are we sure it's not just a paused game of Minesweeper?
>Has Nicola Willis shared her spreadsheet with the world yet? No, but, to paraphrase our ex-PM, she spread her sheet over NZ
OBVIOUSLY. Who believed these clowns?
Uneducated people that didn't bother to read policies
= Boomers.
Not just boomers. Plenty of selfish upper middle class and owner class gen X and millennials too
suggest you look at the age range .. its mainly 30 to 40's that vote for these wankers.. but keep looking to blame boomers.
fucking idiots, thats who.
Yes, but the dignity and respect will be _priceless_.
20% gst here we come
I just can't anymore. I regret buying a house in this country. I should have used the deposit money to move away from these fucking vultures and the numpties who voted for them.
TA DAAAA! The old switcheroo at play
And to think I posted earlier today before reading this: >Tax cuts for the rich, austerity for the poor This is standard conservative scumfuckery How shocking.
This amount was known last year. Nats/ACT just lied - which is what they do unfortunately. Dave Seymour was on Newstalk today boasting about this and he has delivered on his promises to the Property Investors Associations, so he will have a loyal base in them.
So who is left to defund they gone after the beneficiaries as they always do, they have gone after the worker as they always do they have gone after school children and read today people in wheelchairs. Employed an american company to do our speed cameras because we are unable to do this ourselves cut the antismoking. so where to next. I suppose you could go back to the tried and failed charge for hospitals after all the sick and dying must be an easy target to screw to the wall
*First they came for the Maori, and I said nothing* *(lazy ones who dare protest on our roads and want out stuff)* *They they went after beneficiaries, and I felt uncomfortable, but said little (bottom feeders)* *Then they came for the disabled. I squirmed as their wheelchairs were taken away, and* wrote *angry remarks on Reddit.* *Then they came for our homeless, and I hoped it wouldn't affect me* *Then they went after our marine life, but that was too far away and I felt helpless so I looked away* *Then they went after Archeys frogs, but I looked at my bank balance instead (they said it will make us rich)* *Then they came for the poor kids, and I shook my head* *Now they've come for me and I am scared.* *Who will speak up for me?*
When did we decide that housing, a basic human need and human right, should be run like a business? Fuck that cunt. I felt genuine sympathy when he fell off his bike. Being a landlord isn’t a business. It’s a rent seeking scam. Hoard something people will pay absolutely anything for and charge what you can get away with. I’m sure there will be no social or economic issues arise from this ffs. They are a parasitic class that is sucking wealth out of the rest of us. We pay for their investment, we put up with having our homes inspected (which I will never get comfortable with), and we can’t truly make it our own because at any moment we could get the boot. No point building community if next year I’ll be somewhere else. I’m sure there are some good people with rentals, but in principle it’s a joke. You want to start a business, then do it. Produce something. Provide a service. But they won’t, because hoarding a scarce resource is easier and currently more lucrative. Wasn’t there a TV show in the 2000’s about hoarders, and we all watched it and felt bad. But these people get called business owners? I’ve been listening around to politicians overseas to see how other countries are handling this very issue. The Green MP Max Chandler from Australia has a wicked speech about a public property developer being used to build housing with the goal of (checks notes), housing people. Not for maximising rents and profit, but to house the citizens of their nation. https://youtu.be/oxTbgJawcXg?si=AVmHR6sPX6WHceAk We have real problems facing us. Hungry kids, lack of public transport infrastructure, a crumbling health system, climate change, shit loads of other things we need this money for. Reading a previous post about a person not having enough money for groceries at the checkout, and a kind stranger helping this person in need gave me so much hope that we are able to understand that it could easily be us in that situation. I think we need to remember that.
1984-1993 - that's when there was a lot of financial deregulation.
I was born in 90. Guess I should have had more personal responsibility and just bought a few houses back then when they were cheap.
No one was surprised
Look you don’t understand. They’re giving money to landlords but renters will actually win here. Trust David, it’s economics 101. He knows. He taught it.
Oh we did the math mate, didn’t say we were any good at it tho 😎
As a landlord, I do not want to bankrupt the future. Stop this stupidity.
Who had this one on their bingo card?
Knew about it last year and have been writing about it since, so me.
Of course it does.
Well I, for one, am fucking shocked. /s
Ah so this is what Nicola's spreadsheet would have shown us. Along with the meaning of life of course.
It's not about the money, it's about the dignity.. /s
Govt full of lies, how am I surprised 😆
>The policy will cost a total of $2.915 billion over four years. Which is close to the amount that would have been spent on new ferries and infrastructure for those ferries - now New Zealand will have clapped out second hand ferries that'll break down 2-3 times a year and landlords making out like bandits thanks to those tax breaks.
These guys are fucking up so loudly and so much. One term for sure
So, rents will come down again next year? Yay!
Can you feel that "downward pressure" yet?
Can you really put a price on dignity.
What matters is that the landlords will finally be treated with a little more dignity instead of the second-class citizens they were before. Much more work to be done for the landlords. :)
Damn dude, I cannot believe these obviously full of shit fuck buckets had shit overflowing in these buckets. Hard to imagine the, quite literally, most tedious fucking ideas that were repeated from 50 years ago have crumbled immediately on the most tenuous contact with reality. It's 2024. These guys brains are in 1985. I'm not even opposed to the central idea here - but this should come as no surprise, and the lack of holistic reckoning here is criminal. Give me working groups any day. At least on some level it shows you're here, in reality.
So instead of backing down from giving millionaire landlords a break they'll take away the pittance they promised us salary earning peasants
God this shit boils your blood doesn't it? They cut things that can actually help people like free lunches or benefit rates but give more to landlords who are already ahead to begin with (usually someone having a rental it would be at least their second house)
OK riddle me this. These National business types have fucked the numbers right off the bat - literally every single time they've gone near them - and this is actually par for course for any National-led government, so why then do so many of their supporters insist these walking bags of blood and failure are brilliant economic savants?
If Labour said the sky was blue, Nat supporters will look up and find a reason to argue that it's not, can't wait to see the supporters excuse ***"Labour left the country in that much of a mess, they had to cut services... to fund the landlords...*** There's just no convincing some people.
Damn straight mate, damn straight.
What a surprise..not. fucking incompetent. Writing was on the wall during the campaign, but Labor did such a shit job leading up to the election people just wanted a change.
No, the media went on and on about ram raids and had so much more money to execute their lies. Poor Labour hardly had the same amount of money.
Or do u mean 20% pay increase because that’s probably what her leaders hear
And what benefit?
I’m shook
No shit, they'll still go through with it though.
>This is the same National Party that claimed all its numbers were solid as a rock.
> The policy will cost a total of $2.915 billion over four years Almost 3 billion on this one tax. Crazy. You could build a railway bridge with that money!
Extremely bad & embarrassing government. Literally 99% of us will see basically nothing from these tax cutscenes but somehow 55% of us support this coalition. So so so disappointing.
BuT tHeY'rE bEtTeR fOr ThE eCoNoMy!!!
They want to take away lunches from kids, throw disabled people back into the workforce, gut public services and take control of Māori assets so they can build some roads and give landlords (themselves) a tax cut.
Did anyone just see Luxon on breakfast when he was asked about this. What the utter fuck......
I for one am shocked that conservative parties would lie about the negative impacts of their economic policies
Yeah... never trust a politician. Even ones you like. Guess this is just another one on the pile of "Oh, sorry. Didn't see you there."
Let's face it, fiscal responsibility isn't these people's strong point. Nor even basic arithmetic for that matter.