Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

Cullen's 'Bodge it' Budget

The 2005 budget is notable for two things - Dr. Cullen bodged his opportunity to return to us the benefits of the taxes he has been extracting for the past year. He also did nothing to address the driver behind the inflationary process and ever increasing taxes and charges - Debt.

The measures announced, in terms of additional spending in police, health, education, justice etc., will amount to virtually nothing by the time we taxpayers get our extra 6 bucks per week. The ongoing increases in the cost of living, working and doing business will have long since eaten up the 'largesse' displayed by this Government by the time we get our miserable 'increase' in disposable income.

Offsetting the 'extra six bucks, as but two examples, will be the 'carbon tax' and the introduction of a compulsory savings scheme, either of which will effectively kill the tax adjustment.

Both Labour and National have paid pay lip service to the needs of people for the past 30 years by redistributing the tax we pay. Neither are prepared to address the issue of debt that lies behind respective governments taking more and more of our earnings in tax while the problems in police, health, education, justice etc continue to make headlines in our media. The ambulance that was placed at the bottom of the cliff in 1984 is still there in 2005 and our politicians have yet to come up with a viable design for a fence at the cliff top.

The need is not for large amounts of foreign investment to prop up the economy for short term gain and long term taxpayer funded deficits. The need is for our essential infrastructure to be funded by substituting the interest bearing debt (sourced from off shore owned entities) being used to build and maintain New Zealand's essential infrastructure. That need can be achieved with an interest free credit facility through our Central Bank designed to provide capital funding streams based on the aspirations of the people of New Zealand that the system is supposed to be designed to work for. Instead it is floundering along on some redundant, outdated dipstick theory of money that had its genesis in the subsistence economy of 17th Century England and which is now largely irrelevant to the productive capacity, needs and demands of the 21st Century.

The provision of an interest free source of funding for our infrastructure would result in our domestic economy having less dependence on the vagaries of international money markets - would lead directly to a reduction in debt circulating in the economy - provide long term permanent tax reductions - eliminate scarcity and shortages in service provision and provide an opportunity for more business in government with less government in business.

Trevor Crosbie
ADVANCE New Zealand

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Another Reason To Loathe HR Departments (And On The Teachers Strike)

This morning’s news item about Police emergency call centre staff turning up for work while they’re sick – because they’re afraid their sick leave statistics will be used against them, and their jobs put in jeopardy – is not an isolated case...

Obviously, sick people shouldn’t be being treated by doctors and nurses who are themselves sick and potentially infectious. Similarly, Police emergency calls also need to be fielded by people who’re feeling alert, and on top of their game. More>>

 
 

MPs' Computers To Be Searched: Inquiry Into Leak On Simon Bridges' Expenses

An inquiry has been launched to find out who leaked the National Party's expenses to the media... Parliament's speaker, Trevor Mallard, said a Queen's Counsel would lead the inquiry with the help of an employment lawyer and also someone with forensic IT skills. More>>

ALSO:

Teachers Strike: Nationwide Rallies And Marches

Teachers and principals voted for a full day strike to be held on 15 August to send a strong message to the Government that the current collective agreement offers from the Ministry of Education would not fix the crisis in teaching. More>>

ALSO:

Wellington.Scoop: City Council Ends Its Support For Jackson’s Movie Museum

The Wellington City Council and the Movie Museum Limited have today announced a mutually-agreed parting of the ways for a joint project between the Council’s Convention Centre and TMML’s Movie Museum... Both parties remain optimistic for the future of their respective projects. More>>

Pay Equity: Historic Settlement For Education Support Workers

The New Zealand Educational Institute (NZEI) and the Ministry of Education today signed Terms of Settlement to address a pay equity claim for 329 support workers who work with very young children in early childhood and primary schools. More>>

ALSO:

Gordon Campbell: On The Stereotypes About Jacinda Ardern

Routinely, female politicians get depicted as either show ponies or battle axes, with little room for anything else in between. .. More>>

Weekend Interviews: "Discriminatory And Racist" Aussie Deportations

The former president of Australia’s Human Rights Commission Gillian Triggs says deportations have risen dramatically in Australia since 2014 when ministers and ministerial delegates were given the power to cancel visas - and half of those being deported are New Zealanders. "These are massive numbers, actually escalating dramatically."... More>>

ALSO:

Legal Challenge: Prisoner Has 9 Boxes Of Documents Seized

Human rights organisation People Against Prisons Aotearoa says a prisoner they advocate for has had 9 boxes of legal documents seized from him just days before his case against the Department of Corrections was to be heard. More>>

Single-Use Plastic Bags: Govt To Phase Them Out

Single-use plastic shopping bags will be phased out over the next year, Prime Minister Jacinda Ardern and Associate Environment Minister Eugenie Sage announced today. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages