Category: Economic Issues
On the surface, National’s eighth Budget looks sensible. It shows a small surplus, a plan to reduce debt, an increase in spending to address the pressure on social services due to record migration, and on-going investment in infrastructure and innovation. But going forward, key indicators are signalling that all is not so rosy.
In some ways it was indeed a good Budget. Government spending is under reasonably tight control, with the ratio of government spending to GDP continuing to edge gradually lower from the levels it reached in the immediate aftermath of the Christchurch earthquakes and the global financial crisis.
‘Green’ ideology is responsible for many of the public policy failures that are evident in New Zealand today. The green way is to create a moral panic to put public pressure on decision-makers to force change. As a result, through green pressure and soft public opinion, politicians will often implement policies that do more harm than good.
In today’s extremely competitive business environment, unions, which all too often prevent businesses from meeting the challenges of the global marketplace, no longer have a place. To survive, firms need to be increasingly flexible, competitive, and innovative – all things that are virtually impossible in a highly unionised workplace.
Australia’s Secret War by historian Hal Colebatch is the long-suppressed saga of the campaign by the Left to sabotage the Australian war effort in World War II. The treachery of the largely communist trade union movement led to the deaths and suffering of many Australian and allied servicemen and women.
Panama is an important tax haven because it only taxes income earned in Panama; it doesn't tax income derived in other countries. Offshore companies incorporated in Panama, and their owners, are exempt from any corporate taxes, withholding taxes, income tax, capital gains tax, local taxes and estate, inheritance or gift taxes.
Parents have always gone to great lengths to impress on their children that education is the key to the future. According to this age old wisdom, those who are well educated can look forward to good jobs and higher wages.
Last Thursday representatives from 12 nations - New Zealand, Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, Peru, Singapore, the US, and Vietnam – gathered in Auckland to sign the biggest free trade deal in history.
Widespread criticism about Trans Pacific Partnership, Maori and the Treaty of Waitangi forced me to reread a big chunk of the TPP and previous free trade agreements and to study every element of the criticisms being levelled against the TPP and Maori.
Last week, Prime Minister John Key reminded New Zealanders that governing the country in an MMP environment is all about numbers. Or, to be more precise, the number 61 - the number of votes the government needs to pass laws in this 51st Parliament.
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